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    HomeScienceUN-backed bank group seeks to avoid departures with new climate guidelines 

    UN-backed bank group seeks to avoid departures with new climate guidelines 

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    Business & FinanceEnvironment

    Reuters exclusively reported that a United Nations-backed alliance of banks is proposing its members disclose more information on their commitments to tackle climate change without requiring them to coordinate action, in a compromise it hopes will prevent departures. 

    Market Impact

    The Net-Zero Banking Alliance (NZBA), whose 143 members oversee $74 trillion in capital, is trying to remain intact as attacks by some U.S. politicians and investors against environmental, social and corporate governance (ESG) policies test the resolve of banks to stay as members.

    Article Tags

    Topics of Interest: Business & FinanceEnvironment

    Type: Reuters Best

    Sectors: Business & FinanceClimate Change

    Regions: Americas

    Win Types: Exclusivity

    Story Types: Exclusive / Scoop

    Media Types: Text

    Customer Impact: Important Regional Story

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