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Royal Bank of Canada exits UN's Net-Zero Banking Alliance amid political and legal concerns.
Royal Bank of Canada (RBC) has left the UN-backed Net-Zero Banking Alliance, becoming the last of Canada's Big Six banks to do so.
The bank's departure follows criticism from U.S. Republicans and concerns over legal action and business losses.
Despite exiting the alliance, RBC assures it will continue its climate strategy and decarbonization efforts.
The NZBA now has 135 banks from 44 countries.
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Royal Bank of Canada abandona la Alianza Bancaria Net-Zero de las Naciones Unidas en medio de preocupaciones políticas y legales.