Climate commitment in question ♻️

In a surprising move, Wells Fargo recently announced its exit from the Net-Zero Banking Alliance (NZBA), following a similar decision by Goldman Sachs.

The alliance, a global coalition of banks committed to reducing greenhouse gas emissions, now faces challenges as major players reconsider their roles.

Why are these high-profile exits happening, and what does this mean for global climate goals and sustainable investing?

Let’s unpack the story.