The lender announced it would be leaving the Net Zero Banking Alliance (NZBA) on Friday after “the departure of most of the global banks”. HSBC became the first British institution to leave the alliance earlier this month in the wake of several major US banks. Campaigners called Barclays’ decision to step away “incredibly disappointing” as it marks a fresh blow to international efforts to co-ordinate climate action. In a statement published online on Friday, Barclays said: “After consideration, we have decided to withdraw from the Net Zero Banking Alliance. “It is supporting its members to lead on climate by addressing the barriers preventing their clients from investing in the net-zero transition.

Source: The Times August 02, 2025 03:02 UTC