The Net-Zero Banking Alliance (NZBA) has been dealt another significant blow as UBS announced its withdrawal. The Swiss banking giant becomes the latest major financial institution to exit the UN-backed coalition. Its decision follows closely on the heels of similar moves by UK-based HSBC and Barclays, signaling a growing trend
The great exodus: UBS joins HSBC and Barclays in quitting Net-Zero Banking Alliance
The large-scale departure of its most prominent members raises serious questions about the alliance.