What is considered a “high ambition coalition” is always shifting. Institutions who are leading in terms of ambition and action will inevitably want to find ways of differentiating themselves from those not doing as much. https://t.co/YOLhjpM1ws— Ben Caldecott (@bencaldecott) February 21, 2023
A number of banks in the Net Zero Banking Alliance (NZBA), the world’s biggest climate-finance alliance, are reviewing their membership in objection to perceived concessions to Wall Street, Bloomberg have reported.
Commenting in Bloomberg, CGFI Director Dr Ben Caldecott said that, given the Alliance’s size, “it was always going to be hard” to be the high ambition coalition. “It has real leaders and it has some laggards, and that reflects what it is trying to achieve: improving practice across a variegated industry”‘