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Keyword: netzerobanking

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  • Two major banks leave UN Net Zero Banking Alliance in two weeks

    12/21/2024 10:43:47 AM PST · by george76 · 13 replies
    Center Square ^ | 12/21/ 2024 | Bethany Blankley |
    Not soon after the general election, and within two weeks of each other, two major financial institutions have left a United Nations Net Zero Banking Alliance (NZBA). This is after they joined three years ago, pledging to require environmental social governance standards (ESG) across their platforms, products and systems. According to the "bank-led and UN-convened" NZBA, global banks joined the alliance, pledging to align their lending, investment, and capital markets activities with a net-zero greenhouse gas emissions by 2050, NZBA explains. Since April 2021, 145 banks in 44 countries with more than $73 trillion in assets have joined NZBA, tripling...