Why the World’s Biggest Banks Are Ditching Net Zero Goals

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,…