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flag The Net-Zero Banking Alliance disbanded in 2025 after major banks exited and mandatory climate targets were dropped.

flag The Net-Zero Banking Alliance (NZBA), a UN-backed effort launched in 2021 to align global banking with net-zero emissions by 2050, has disbanded after members voted to end its membership model and transition its guidance into a non-binding public framework. flag Major banks, including U.S. institutions like Goldman Sachs and Citi, exited amid shifting political and regulatory pressures, particularly following Donald Trump’s return to the presidency and a broader retreat from strict climate mandates. flag The alliance weakened its climate commitments in April 2025 by removing mandatory targets, undermining its credibility. flag While the NZBA is no longer operational, several Southeast Asian banks continue to pursue decarbonization using science-based strategies. flag Other climate-focused financial alliances under the Glasgow Financial Alliance for Net Zero remain active, though facing similar challenges in maintaining global cohesion amid economic and geopolitical shifts.

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