Publications • October 3, 2025
What the NZBA leaves behind
Contributors
Edouard Vilpoux
Lead Sustainable Finance Economist - The Sustainable Finance Observatory
This publication is part of the following programs: ADEME SFO Partnership
Today October 3rd 2025 the NZBA announced its end. This marks a major setback in the mobilisation of the financial sector for climate action. Last January, the GFANZ made significant changes in its strategic positioning.
What legacy does the NZBA leave behind? What remains of banks’ net zero interim targets? What future for private finance contribution to the transition?