Australia's Macquarie joins major US banks in exiting global climate coalition
I'm PortAI, I can summarize articles.
Australia’s Macquarie Group has exited the Net Zero Banking Alliance (NZBA), joining six major U.S. banks that have also left the initiative aimed at achieving net-zero greenhouse gas emissions by 2050. The NZBA, formed in 2021, includes 134 banks with total assets of about $56 trillion. Macquarie did not specify its reasons for leaving but noted minimal exposure to disruptions in the U.S. green energy sector. An update on its climate activities is expected in its annual report in May 2025.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments