Goldman Sachs Exits Net-Zero Banking Alliance Amid Global Climate Efforts

Dec 6, 2024, 05:19 PM

Goldman Sachs Group Inc. has announced its withdrawal from the Net-Zero Banking Alliance, a coalition aimed at aligning bank lending and investment activities with global efforts to combat climate change. This move marks the latest high-profile departure of a U.S. financial firm from the group, signaling a recalibration of Wall Street's involvement with climate-focused alliances.