Green banking group suspends work amid client exodus

Published August 27, 2025 10:57am ET



One of the world’s largest international climate bank alliances has paused its activities as members vote to transition the group into a new structure, following the abandonment of the group by a number of major banks in recent months.

The Net-Zero Banking Alliance said Wednesday that members will “vote to decide on a proposed transition from a membership-based alliance to establishing its guidance as a new framework initiative.” 

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