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flag Macquarie Group exits Net Zero Banking Alliance, joining US banks in leaving climate commitment.

flag Macquarie Group, an Australian financial services provider, has exited the Net Zero Banking Alliance (NZBA), following a similar move by several major US banks. flag The NZBA aims to help the financial sector reach net-zero greenhouse gas emissions by 2050. flag Macquarie cited its existing partnerships and initiatives supporting energy transition as reasons for its exit, suggesting a shift in banking sector approaches to climate commitments.

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