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The Net Zero Banking Alliance (NZBA) has voted to replace mandatory requirements for reducing client emissions with 'best practice' advice and has removed the obligation for banks to align with the 1.5°C warming limit and 2050 carbon neutrality goal. The new guidelines allow banks to align with a 'warming well below 2°C, aiming for 1.5°C' and let them choose their own target year for carbon neutrality. Reclaim Finance argues this shift ignores current climate science and suggests banks are now following existing economic emission trends rather than actively modifying them to accelerate the transition.

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  • The NZBA has shifted from mandatory requirements for banks to reduce client emissions to providing non-binding advice on 'best practices'.
  • The obligation for banks to align with a 1.5°C warming limit and achieve carbon neutrality by 2050 has been removed, replaced by a target of 'warming well below 2°C, aiming for 1.5°C' and flexible target dates for carbon neutrality.
  • The author asserts that by voting for these changes, banks are effectively deciding to follow current economic emission trends instead of attempting to change them to accelerate the energy transition.

Cite the original document

APA
Martin, L. (2025). NZBA : un pas de géant en arrière pour le climat. Reclaim Finance. https://reclaimfinance.org/site/2025/04/15/nzba-un-pas-de-geant-en-arriere-pour-le-climat/
Chicago
Martin, Léo. NZBA : un pas de géant en arrière pour le climat. Reclaim Finance, 2025. https://reclaimfinance.org/site/2025/04/15/nzba-un-pas-de-geant-en-arriere-pour-le-climat/.
Wikipedia
{{cite press release |last1=Martin |first1=Léo |title=NZBA : un pas de géant en arrière pour le climat |publisher=Reclaim Finance |date=15 April 2025 |url=https://reclaimfinance.org/site/2025/04/15/nzba-un-pas-de-geant-en-arriere-pour-le-climat/ |access-date=23 October 2026 |via=Climate Insights Directory}}
BibTeX
@misc{martin2025nzba, author = {Martin, Léo}, title = {{NZBA : un pas de géant en arrière pour le climat}}, publisher = {Reclaim Finance}, year = {2025}, month = apr, url = {https://reclaimfinance.org/site/2025/04/15/nzba-un-pas-de-geant-en-arriere-pour-le-climat/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }

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