Back to today’s briefing

Story perspectives

Citi and BofA Exit Net-Zero Banking Alliance, Shift Focus

1/3/2025

27 2

Summary

Story summary

Citigroup and Bank of America have left the Net-Zero Banking Alliance, joining Goldman Sachs and Wells Fargo.
The NZBA, established in 2021, comprises over 140 banks committed to achieving net zero emissions by 2050.
Citi and BofA will prioritize supporting GFANZ's initiatives for low-carbon transitions.
Both institutions remain members of the GFANZ Principals Group.

1 of 1

Story summary

Citigroup and Bank of America have left the Net-Zero Banking Alliance, joining Goldman Sachs and Wells Fargo.
The NZBA, established in 2021, comprises over 140 banks committed to achieving net zero emissions by 2050.
Citi and BofA will prioritize supporting GFANZ's initiatives for low-carbon transitions.
Both institutions remain members of the GFANZ Principals Group.