Japan's SMFG Shifts Strategies by Leaving Net-Zero Banking Alliance
3 months ago
In a surprising move reflective of the changing tide in environmental commitments among major financial institutions, Sumitomo Mitsui Financial Group (SMFG) of Japan has officially announced its exit from the Net-Zero Banking Alliance (NZBA). This decision aligns SMFG more closely with a growing faction of banks that are reevaluating their positions on net-zero emissions pledges amid increasing pressures and economic challenges.
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UBS Considers Exiting Net-Zero Banking Alliance Amid Strategic Review
5 months ago
In a recent statement, UBS Group Chief Executive Officer, Sergio Ermotti, revealed that the bank is currently evaluating its position within the Net-Zero Banking Alliance (NZBA). This potential exit comes as UBS reassesses its environmental commitment and strategic priorities in light of evolving market dynamics.
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