Credit Agricole CEO reaffirms commitment to climate finance alliance despite U.S. bank exits

financialpost.com February 5, 2025, 02:01 PM UTC

Credit Agricole CEO Philippe Brassac confirmed his commitment to the Net-Zero Banking Alliance, despite recent departures by major U.S. banks like Goldman Sachs and JPMorgan Chase. He stated, “There’s no turning back” on their membership. Brassac emphasized the importance of maintaining a united front in addressing climate issues. His remarks come as North American banks adjust to changing political dynamics under President Trump, who is promoting fossil fuel production. The Net-Zero Banking Alliance currently includes about 135 banks from over 40 countries, all pledging to align their financed emissions with net-zero goals by 2050.


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