02 Feb 2026

23:24

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Home Blog Why Major Banks Are Backing Out of Net Zero Commitments

Why Major Banks Are Backing Out of Net Zero Commitments

codarx

codarx

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Update date: 2025/08/29

Over the past year, the world’s biggest banks‘ net zero enthusiasm has quickly and quietly dried up. Top lenders have backtracked, diluted or outright abandoned their environmental, social and governance (ESG) policies. The return of President Donald Trump has been highlighted as a turning point for green finance with firms across the financial industry turning sour on ESG commitments. Trump has made no secret of his disdain for such policies, branding ESG investing as a “way to attack American business”.  The President,…

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