Net Zero Banking Alliance was a UN-backed, ESG (Environmental Social Governance) banking group and a key player in the Left’s pressure campaign to push the Green New Scam and other progressive policies. By joining, members committed to align their clients with net zero emissions goals by 2050 or sooner.
ESG policies are a thinly veiled attempt to radically transform corporations into social justice warriors. Pro-ESG businesses support the Left's "woke" culture war to redefine gender, promote critical race theory, and cancel conservatives. NZBA’s downfall was triggered by an exodus of many of its banking allies: J.P. Morgan, Citi, Bank of America, Goldman Sachs, Wells Fargo, and others. The Net-Zero Banking Alliance represented over 40% of global banking assets.
States continue to push back against ESG and this is an encouraging sign of the momentum they are building!