Story perspectives

Citigroup and Bank of America Exit Net-Zero Alliance

1/1/2025

28 4

Summary

Story summary

Citigroup and Bank of America have withdrawn from the Net-Zero Banking Alliance, joining Goldman Sachs and Wells Fargo.
Both banks emphasize their dedication to achieving net zero emissions despite leaving the alliance.
Their exits respond to pressure from Texas Republican lawmakers opposing ESG policies.
The NZBA, part of the UN-backed Glasgow Financial Alliance, focuses on mobilizing private capital for energy transition.
Citigroup and Bank of America continue to support clients in reducing greenhouse gas emissions.

1 of 1

Story summary

Citigroup and Bank of America have withdrawn from the Net-Zero Banking Alliance, joining Goldman Sachs and Wells Fargo.
Both banks emphasize their dedication to achieving net zero emissions despite leaving the alliance.
Their exits respond to pressure from Texas Republican lawmakers opposing ESG policies.
The NZBA, part of the UN-backed Glasgow Financial Alliance, focuses on mobilizing private capital for energy transition.
Citigroup and Bank of America continue to support clients in reducing greenhouse gas emissions.