Bank of Montreal said on Friday it was withdrawing from the Net-Zero Banking Alliance (NZBA), making it the first Canadian lender to quit one of the world's top banking sector climate coalitions. BMO's action follows that of U.

Four of Canada’s largest banking institutions, BMO, National Bank, TD Bank Group, and CIBC, have withdrawn from the UN-backed Net-Zero Banking Alliance. Despite their departure, these banks assert that they remain committed to advancing their climate strategies independently.

By Nivedita Balu TORONTO (Reuters) -Four of Canada's biggest lenders said on Friday they were withdrawing from a global banking sector climate coalition, joining six major U.S. banks. The departures from the Net-Zero Banking Alliance began with Goldman Sachs' announcement on Dec.

Four major Canadian banks and six U.S. banking giants have withdrawn from the Net-Zero Banking Alliance (NZBA), a UN initiative aimed at driving net-zero emissions. The departures began with Goldman Sachs announcement