Reuters exclusively reported that a United Nations-backed alliance of banks is proposing its members disclose more information on their commitments to tackle climate change without requiring them to coordinate action, in a compromise it hopes will prevent departures.
Business & FinanceEnvironment
UN-backed bank group seeks to avoid departures with new climate guidelines
05 March 2024, 2:23 pm 1 minute
Market Impact
The Net-Zero Banking Alliance (NZBA), whose 143 members oversee $74 trillion in capital, is trying to remain intact as attacks by some U.S. politicians and investors against environmental, social and corporate governance (ESG) policies test the resolve of banks to stay as members.
Article Tags
Topics of Interest: Business & FinanceEnvironment
Type: Reuters Best
Sectors: Business & FinanceClimate Change
Regions: Americas
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
