✉news EnvironmentClimate first seen 1 d ago, last 21 h ago, peak #26
Banks scale back net-zero and climate commitments
Original: Banks scaling back net-zero and climate commitments
Major banks are retreating from net-zero and climate commitments they once promoted, raising questions about the future of sustainable finance. Observers see the pullback as driven by political pressure, regulatory uncertainty and weak returns on green initiatives, prompting debate over whether climate pledges made after the Paris Agreement are being quietly abandoned.
Why now: Renewed scrutiny of climate finance and political pressure are prompting banks to retreat from their net-zero pledges.
banksnet-zero alliancesParis Agreement
Evidence
- Banks scaling back net-zero and climate commitments · Sustainability Online
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