Published by Global Banking & Finance Review®
Posted on August 1, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleBarclays has exited the Net Zero Banking Alliance, following HSBC and U.S. banks, citing insufficient global membership to support its transition.
LONDON (Reuters) -Barclays has become the latest British lender to quit the Net Zero Banking Alliance, following the departures of HSBC and several major U.S. banks.
"After consideration, we have decided to withdraw from the Net Zero Banking Alliance," the bank said in a statement on its website. "With the departure of most of the global banks, the organisation no longer has the membership to support our transition."
Barclays is the second major British bank to leave the group.
(Reporting by Virginia Furness, Editing by Iain Withers)
The Net Zero Banking Alliance is a group of banks committed to aligning their financial activities with net-zero emissions by 2050, aiming to support the transition to a sustainable economy.
Corporate social responsibility (CSR) refers to a business model in which companies integrate social and environmental concerns into their operations and interactions with stakeholders.
When banks exit climate initiatives, it can signal a shift in their commitment to sustainability, potentially affecting their reputation and investor confidence, as well as the broader banking sector's approach to climate change.
Climate finance refers to the financial resources allocated to projects and initiatives that aim to mitigate or adapt to the impacts of climate change, often involving investments in renewable energy and sustainable practices.
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