Citi and Bank of America have announced that they are leaving the Net-Zero Banking Alliance, a global climate-banking group. This decision comes after Goldman Sachs and Wells Fargo had already exited the coalition in recent weeks. Despite their departure from the alliance, both Citi and Bank of America remain committed to achieving net zero emissions targets.
https://news.bloomberglaw.com/esg/citigroup-decides-to-leave-climate-banking-groupUS banks Citigroup and Bank of America have announced their exit from the Net-Zero Banking Alliance, a group of global banks committed to reducing greenhouse gas emissions. This move follows similar decisions by Wells Fargo and Goldman Sachs earlier this month. The NZBA was established to promote sustainable banking practices and reduce carbon footprint in the financial industry.
https://www.manilatimes.net/2025/01/02/business/foreign-business/citigroup-bofa-exiting-nzba/2029080