HSBC Announced to Quit United Nations Net-Zero Banking Alliance (NZBA), 2 Japan Banks Nomura & Sumitomo Mitsui Financial Group (SMFG) Quit in 2025, 7 Leading Banks JP Morgan, Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo, Bank of America & Macquarie Group Quit Since 2024 December, Net-Zero Banking Alliance (NZBA) is Group of Leading Global Banks Committed to Aligning Lending, Investment & Capital Markets Activities with Net-Zero Greenhouse Gas Emissions by 2050, Net-Zero Banking Alliance (NZBA) Had 145 Banks from 44 Countries with $71 Trillion Assets
14th July | Hong Kong
HSBC has announced to quit the United Nations Net-Zero Banking Alliance (NZBA). HSBC (11/7/25): “HSBC was one of the first global banks to set a net zero by 2050 ambition. We remain resolute in this long-term ambition and in supporting our customers to finance their transition objectives. We believe supporting our customers’ transition brings benefits to their businesses, helps generate long-term financial results for our shareholders, and contributes to making the global economy more resilient. Financed emissions targets are one mechanism that we use to track and disclose our progress towards implementing our Net Zero Transition Plan. The Net Zero Banking Alliance played a role in developing guiding frameworks to help banks establish their initial target-setting approach. With this foundation in place, and as we work towards updating and implementing our Net Zero Transition Plan later in 2025, we, like many of our global peers, have decided to withdraw from the NZBA. We continue to remain engaged with the Glasgow Financial Alliance for Net Zero to support the mobilisation of capital towards the net zero transition. Our approach to setting financed emissions targets will continue to be informed by the latest scientific evidence and credible industry-specific pathways. We continue to support customers in all sectors to make progress towards their individual decarbonisation plans, recognising that the transition to net zero is not linear or uniform across sectors, markets, and regions. Our strategy is to provide our customers with pragmatic financing solutions that facilitate their progress and support long-term emissions reduction while advancing energy security and meeting the economic and industrial needs of today’s economy.” In 2025 March, Japan Mitsubishi UFJ Financial Group (MUFG) is reported to be planning to quit the United Nations Net-Zero Banking Alliance (NZBA), and will join 2 Japan banks Nomura & Sumitomo Mitsui Financial Group (SMFG) in announcing to quit the United Nations Net-Zero Banking Alliance (NZBA) in 2025. 7 leading banks JP Morgan, Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo, Bank of America & Macquarie Group had announced to quit the United Nations Net-Zero Banking Alliance (NZBA) since 2024 December. The United Nations Net-Zero Banking Alliance (NZBA) is a group of leading global banks committed to aligning lending, investment & capital markets activities with Net-Zero greenhouse gas emissions by 2050. In 2024 December, Goldman Sachs announced to quit the United Nations Net-Zero Banking Alliance (NZBA). In late 2024, there were 145 banks from 44 countries with $71 trillion assets. The banks include Citi, HSBC, JP Morgan, Morgan Stanley, Wells Fargo, Bank of America, Deutsche Bank, BNP Paribas, Credit Agricole, Societe Generale, MUFJ, Mizuho, Norma, SMFG, SMTG, ABN AMRO, ING, UBS, Barclays, Standard Chartered, ANZ, CBA, Macquarie, NAB & Westpac.
“ HSBC Announced to Quit United Nations Net-Zero Banking Alliance (NZBA), 2 Japan Banks Nomura & Sumitomo Mitsui Financial Group (SMFG) Quit in 2025, 7 Leading Banks JP Morgan, Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo, Bank of America & Macquarie Group Quit Since 2024 December, Net-Zero Banking Alliance (NZBA) is Group of Leading Global Banks Committed to Aligning Lending, Investment & Capital Markets Activities with Net-Zero Greenhouse Gas Emissions by 2050, Net-Zero Banking Alliance (NZBA) Had 145 Banks from 44 Countries with $71 Trillion Assets “
Japan Mitsubishi UFJ Financial Group (MUFG) Planning to Quit United Nations Net-Zero Banking Alliance (NZBA), 2 Japan Banks Nomura & Sumitomo Mitsui Financial Group (SMFG) Quitted in 2025, 7 Leading Banks JP Morgan, Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo, Bank of America & Macquarie Group Quit Since 2024 December, Net-Zero Banking Alliance (NZBA) is Group of Leading Global Banks Committed to Aligning Lending, Investment & Capital Markets Activities with Net-Zero Greenhouse Gas Emissions by 2050, Net-Zero Banking Alliance (NZBA) Had 145 Banks from 44 Countries with $71 Trillion Assets
20th March 2025 – Japan Mitsubishi UFJ Financial Group (MUFG) is planning to quit the United Nations Net-Zero Banking Alliance (NZBA), and will join 2 Japan banks Nomura & Sumitomo Mitsui Financial Group (SMFG) in announcing to quit the United Nations Net-Zero Banking Alliance (NZBA) in 2025. 7 leading banks JP Morgan, Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo, Bank of America & Macquarie Group had announced to quit the United Nations Net-Zero Banking Alliance (NZBA) since 2024 December. The United Nations Net-Zero Banking Alliance (NZBA) is a group of leading global banks committed to aligning lending, investment & capital markets activities with Net-Zero greenhouse gas emissions by 2050. In 2024 December, Goldman Sachs announced to quit the United Nations Net-Zero Banking Alliance (NZBA). In late 2024, there were 145 banks from 44 countries with $71 trillion assets. The banks include Citi, HSBC, JP Morgan, Morgan Stanley, Wells Fargo, Bank of America, Deutsche Bank, BNP Paribas, Credit Agricole, Societe Generale, MUFJ, Mizuho, Norma, SMFG, SMTG, ABN AMRO, ING, UBS, Barclays, Standard Chartered, ANZ, CBA, Macquarie, NAB & Westpac.
Japan Nomura Joins Sumitomo Mitsui Financial Group (SMFG) in Quitting United Nations Net-Zero Banking Alliance (NZBA), 7 Leading Banks JP Morgan, Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo, Bank of America & Macquarie Group Quit Since 2024 December, Net-Zero Banking Alliance (NZBA) is Group of Leading Global Banks Committed to Aligning Lending, Investment & Capital Markets Activities with Net-Zero Greenhouse Gas Emissions by 2050, Net-Zero Banking Alliance (NZBA) Had 145 Banks from 44 Countries with $71 Trillion Assets
15th March 2025 – Japan Nomura has joined Japan Sumitomo Mitsui Financial Group (SMFG) in announcing to quit the United Nations Net-Zero Banking Alliance (NZBA), joining 7 leading banks JP Morgan, Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo, Bank of America & Macquarie Group to quit the United Nations Net-Zero Banking Alliance (NZBA) since 2024 December. The United Nations Net-Zero Banking Alliance (NZBA) is a group of leading global banks committed to aligning lending, investment & capital markets activities with Net-Zero greenhouse gas emissions by 2050. In 2024 December, Goldman Sachs announced to quit the United Nations Net-Zero Banking Alliance (NZBA). In late 2024, there were 145 banks from 44 countries with $71 trillion assets. The banks include Citi, HSBC, JP Morgan, Morgan Stanley, Wells Fargo, Bank of America, Deutsche Bank, BNP Paribas, Credit Agricole, Societe Generale, MUFJ, Mizuho, Norma, SMFG, SMTG, ABN AMRO, ING, UBS, Barclays, Standard Chartered, ANZ, CBA, Macquarie, NAB & Westpac.
Japan Sumitomo Mitsui Financial Group (SMFG) Quits United Nations Net-Zero Banking Alliance (NZBA), Joins 7 Leading Banks JP Morgan, Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo, Bank of America & Macquarie Group to Quit 2024 December, Net-Zero Banking Alliance (NZBA) is Group of Leading Global Banks Committed to Aligning Lending, Investment & Capital Markets Activities with Net-Zero Greenhouse Gas Emissions by 2050, Net-Zero Banking Alliance (NZBA) Had 145 Banks from 44 Countries with $71 Trillion Assets
5th March 2025 – Japan Sumitomo Mitsui Financial Group (SMFG) has announced to quit the United Nations Net-Zero Banking Alliance (NZBA), joining 7 leading banks JP Morgan, Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo, Bank of America & Macquarie Group to quit the United Nations Net-Zero Banking Alliance (NZBA) since 2024 December. The United Nations Net-Zero Banking Alliance (NZBA) is a group of leading global banks committed to aligning lending, investment & capital markets activities with Net-Zero greenhouse gas emissions by 2050. In 2024 December, Goldman Sachs announced to quit the United Nations Net-Zero Banking Alliance (NZBA). In late 2024, there were 145 banks from 44 countries with $71 trillion assets. The banks include Citi, HSBC, JP Morgan, Morgan Stanley, Wells Fargo, Bank of America, Deutsche Bank, BNP Paribas, Credit Agricole, Societe Generale, MUFJ, Mizuho, Norma, SMFG, SMTG, ABN AMRO, ING, UBS, Barclays, Standard Chartered, ANZ, CBA, Macquarie, NAB & Westpac.
Australia Macquarie Group Joins 6 Leading Banks JP Morgan, Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo & Bank of America to Quit United Nations Net-Zero Banking Alliance (NZBA) Since 2024 December, Net-Zero Banking Alliance (NZBA) is Group of Leading Global Banks Committed to Aligning Lending, Investment & Capital Markets Activities with Net-Zero Greenhouse Gas Emissions by 2050, Net-Zero Banking Alliance (NZBA) Had 145 Banks from 44 Countries with $71 Trillion Assets
12th February 2025 – Australia Macquarie Group has joined 6 leading banks JP Morgan, Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo & Bank of America to quit the United Nations Net-Zero Banking Alliance (NZBA) since 2024 December. The United Nations Net-Zero Banking Alliance (NZBA) is a group of leading global banks committed to aligning lending, investment & capital markets activities with Net-Zero greenhouse gas emissions by 2050. In 2024 December, Goldman Sachs announced to quit the United Nations Net-Zero Banking Alliance (NZBA). In late 2024, there were 145 banks from 44 countries with $71 trillion assets. The banks include Citi, HSBC, JP Morgan, Morgan Stanley, Wells Fargo, Bank of America, Deutsche Bank, BNP Paribas, Credit Agricole, Societe Generale, MUFJ, Mizuho, Norma, SMFG, SMTG, ABN AMRO, ING, UBS, Barclays, Standard Chartered, ANZ, CBA, Macquarie, NAB & Westpac.
6 Leading Banks JP Morgan, Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo & Bank of America Quit United Nations Net-Zero Banking Alliance (NZBA) Since 2024 December, Net-Zero Banking Alliance (NZBA) is Group of Leading Global Banks Committed to Aligning Lending, Investment & Capital Markets Activities with Net-Zero Greenhouse Gas Emissions by 2050, Net-Zero Banking Alliance (NZBA) Had 145 Banks from 44 Countries with $71 Trillion Assets
9th January 2025 – 6 leading banks JP Morgan, Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo & Bank of America have quit the United Nations Net-Zero Banking Alliance (NZBA) since 2024 December. The United Nations Net-Zero Banking Alliance (NZBA) is a group of leading global banks committed to aligning lending, investment & capital markets activities with Net-Zero greenhouse gas emissions by 2050. In 2024 December, Goldman Sachs announced to quit the United Nations Net-Zero Banking Alliance (NZBA). In late 2024, there were 145 banks from 44 countries with $71 trillion assets. The banks include Citi, HSBC, JP Morgan, Morgan Stanley, Wells Fargo, Bank of America, Deutsche Bank, BNP Paribas, Credit Agricole, Societe Generale, MUFJ, Mizuho, Norma, SMFG, SMTG, ABN AMRO, ING, UBS, Barclays, Standard Chartered, ANZ, CBA, Macquarie, NAB & Westpac.
Citigroup & Bank of America Join Goldman Sachs in Quitting United Nations Net-Zero Banking Alliance (NZBA), Group of Leading Global Banks Committed to Aligning Lending, Investment & Capital Markets Activities with Net-Zero Greenhouse Gas Emissions by 2050, 145 Banks from 44 Countries with $71 Trillion Assets, Banks Include HSBC, JP Morgan, Morgan Stanley, Wells Fargo, Deutsche Bank, BNP Paribas, Credit Agricole, Societe Generale, MUFJ, Mizuho, Norma, SMFG, SMTG, ABN AMRO, ING, UBS, Barclays, Standard Chartered, ANZ, CBA, Macquarie, NAB & Westpac
2nd January 2025 – Citigroup & Bank of America have joined Goldman Sachs in announcing to quit the United Nations Net-Zero Banking Alliance (NZBA), a group of leading global banks committed to aligning lending, investment & capital markets activities with Net-Zero greenhouse gas emissions by 2050. In 2024 December, Goldman Sachs has announced to quit the United Nations Net-Zero Banking Alliance (NZBA). In 2024 December, there were 145 banks from 44 countries with $71 trillion assets. The banks include Citi, HSBC, JP Morgan, Morgan Stanley, Wells Fargo, Bank of America, Deutsche Bank, BNP Paribas, Credit Agricole, Societe Generale, MUFJ, Mizuho, Norma, SMFG, SMTG, ABN AMRO, ING, UBS, Barclays, Standard Chartered, ANZ, CBA, Macquarie, NAB & Westpac.
Goldman Sachs Quits United Nations Net-Zero Banking Alliance (NZBA), Group of Leading Global Banks Committed to Aligning Lending, Investment & Capital Markets Activities with Net-Zero Greenhouse Gas Emissions by 2050, 145 Banks from 44 Countries with $74 Trillion Assets, Banks Includes Citi, HSBC, JP Morgan, Morgan Stanley, Wells Fargo, Bank of America, Deutsche Bank, BNP Paribas, Credit Agricole, Societe Generale, MUFJ, Mizuho, Norma, SMFG, SMTG, ABN AMRO, ING, UBS, Barclays, Standard Chartered, ANZ, CBA, Macquarie, NAB & Westpac
12th December 2024 – Goldman Sachs has announced to quit the United Nations Net-Zero Banking Alliance (NZBA), which is a group of leading global banks committed to aligning lending, investment & capital markets activities with Net-Zero greenhouse gas emissions by 2050. There are currently 145 banks from 44 countries with $74 trillion assets. The banks includes Citi, HSBC, JP Morgan, Morgan Stanley, Wells Fargo, Bank of America, Deutsche Bank, BNP Paribas, Credit Agricole, Societe Generale, MUFJ, Mizuho, Norma, SMFG, SMTG, ABN AMRO, ING, UBS, Barclays, Standard Chartered, ANZ, CBA, Macquarie, NAB & Westpac.
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