Goldman Sachs Exits Net-Zero Banking Alliance Amid Regulatory Pressures

Goldman Sachs Exits Net-Zero Banking Alliance Amid Regulatory Pressures

Goldman Sachs has officially left the Net Zero Banking Alliance to align with mandatory reporting requirements like the EU's Corporate Sustainability Reporting Directive. Other financial firms like JPMorgan and Vanguard have also departed climate alliances, reflecting a shift in the industry's ESG strategies amidst legal and political changes.

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