Goldman Sachs Group, JPMorgan Chase & Co. and other big US banks have quit NZBA since the start of last month amid mounting pressure from Republican lawmakers who have attacked the industry’s climate efforts.
A prominent climate group that’s been rocked by an exodus of Wall Street banks is exploring its “next phase” to decide how best to help members manage strategies and risks.
The Net-Zero Banking Alliance (NZBA) wrote in a message sent to members on Wednesday that it will “investigate how it can continue to deliver value and better support member banks to individually and independently implement their climate strategies and manage the climate-related risks, opportunities and objectives they face”.
