Net Zero Banking Alliance

By Charlotte Owen-Burge | June 30, 2021

The industry-led, UN-convened Net-Zero Banking Alliance (NZBA) brings together a global group of banks, currently representing about 40% of global banking assets, which are committed to aligning their lending and investment portfolios with net-zero emissions by 2050. NZBA recognises the vital role of banks in supporting the global transition of the real economy to net-zero emissions.

The Alliance reinforces, accelerates and supports the implementation of decarbonisation strategies, providing an internationally coherent framework and guidelines in which to operate, supported by peer-learning from pioneering banks. On 9 November, NZBA is releasing a Progress Report, to showcase progress among signatory banks. This is the first progress report the Alliance has released, and will present an aggregated assessment of intermediate targets from 48% of our membership.

As of November 2022, NZBA has 120 members in the Race to Zero.

To join NZBA, please visit their website.