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flag NZ banks face pressure to quit UN's Net Zero Banking Alliance amid farmer group concerns.

flag New Zealand banks are being urged to leave the UN-backed Net Zero Banking Alliance, following the exit of major US banks like JP Morgan and Citigroup. flag Federated Farmers, a local advocacy group, has complained to the Commerce Commission, fearing the banks' involvement could limit farmers' choices and potentially "de-bank" those unable to meet emissions targets. flag The alliance aims to achieve net-zero emissions by 2050.

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