{"id":137359,"date":"2025-02-11T07:56:56","date_gmt":"2025-02-11T05:56:56","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/top-american-banks-exit-net-zero-alliance-what-does-this-mean-for-their-european-peers\/"},"modified":"2025-02-11T07:56:56","modified_gmt":"2025-02-11T05:56:56","slug":"top-american-banks-exit-net-zero-alliance-what-does-this-mean-for-their-european-peers","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/top-american-banks-exit-net-zero-alliance-what-does-this-mean-for-their-european-peers\/","title":{"rendered":"Top American banks exit net zero alliance: What does this mean for their European peers?"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/137359\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>Major US and Canadian banks have abandoned an industry-led climate alliance aimed at aligning net zero targets with global goals. These departures have left many questions about the future of banking\u2019s climate ambitions. While 135 financial institutions remain in the alliance \u2013 including all of Europe\u2019s major banks \u2013 it\u2019s unclear how it will now move forward.<\/p>\n<p>The NZBA is a group of leading global banks committed to aligning their lending, investment and capital markets activities with net-zero greenhouse gas emissions by 2050. Launched in 2021 with 43 founding members, NBZA was convened by the UN Environment Programme\u2019s finance initiative but is led by the banks themselves. Citigroup, one of the major US banks to exit the alliance, was one of these founding members. Despite the departure of their American peers, European banks appear to still be backing the NZBA. Several have already declared their intention to remain committed to the industry coalition.<\/p>\n<p>A consistent lack of action from banks that were members of the alliance puts the US mass exodus into perspective. Their exit does little to change the material reality of banks\u2019 climate commitments &#8211; or lack thereof. The policies of every bank that has left so far were already deeply insufficient for the goal of aligning their activities with net zero by 2050. And 10 of them were among the top 21 fossil fuel financiers since the Paris Agreement, according to the Banking on Climate Chaos report.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/green\/2025\/02\/10\/top-american-banks-exit-net-zero-alliance-what-does-this-mean-for-their-european-peers\">Euronews<\/a><\/p>\n<p><p>&nbsp;<\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/environmental-news-en\/5-669\/\">Top American banks exit net zero alliance: What does this mean for their European peers?<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[17912,575,696,1013],"class_list":["post-137359","post","type-post","status-publish","format-standard","hentry","category-news","tag-american-bank","tag-environmental-news-en","tag-europe","tag-net-zero"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/137359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=137359"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/137359\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=137359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=137359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=137359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}