{"id":827956,"date":"2025-02-18T12:12:40","date_gmt":"2025-02-18T18:12:40","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/18\/credit-agricole-ceo-rules-out-quitting-climate-group-amid-exodus\/"},"modified":"2025-02-18T12:12:40","modified_gmt":"2025-02-18T18:12:40","slug":"credit-agricole-ceo-rules-out-quitting-climate-group-amid-exodus","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/18\/credit-agricole-ceo-rules-out-quitting-climate-group-amid-exodus\/","title":{"rendered":"Credit Agricole CEO Rules Out Quitting Climate Group Amid Exodus"},"content":{"rendered":"<article aria-labelledby=\"articleTitle\" data-wcm-id=\"4384b577-12bf-408e-85bf-01387b48efd5\">\n<header aria-label=\"Beginning of Article\">\n<div>\n<p>Credit Agricole SA Chief Executive Officer Philippe Brassac vowed to remain a member of the banking industry\u2019s largest climate-finance alliance, even after Wall Street\u2019s biggest lenders walked away.<\/p>\n<div>\n<div>\n<p>Author of the article:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" alt=\"Bloomberg News\" src=\"https:\/\/secure.gravatar.com\/avatar\/2c61c569c35df1bfebdf8601ae03b90f?s=70&#038;d=mp\"  aria-labelledby=\"wire-company-name\" height=\"70\" width=\"70\"><\/p>\n<div>\n<p>Bloomberg News<\/p>\n<p>Claudia Cohen<\/p>\n<\/div>\n<\/div>\n<p><span>Published Feb 05, 2025<\/span> \u00a0\u2022\u00a0 <span>1 minute read<\/span><\/p>\n<\/div>\n<\/div>\n<\/header>\n<section>\n<p>(Bloomberg) \u2014 Credit Agricole SA Chief Executive Officer Philippe Brassac vowed to remain a member of the banking industry\u2019s largest climate-finance alliance, even after Wall Street\u2019s biggest lenders walked away.\u00a0<\/p>\n<\/section>\n<section>\n<p>Article content<\/p>\n<\/section>\n<section>\n<p>Article content<\/p>\n<p>\u201cWe are not calling into question our membership\u201d of the Net-Zero Banking Alliance, Brassac said at a press conference. \u201cThere\u2019s no turning back.\u201d\u00a0<\/p>\n<p>The \u201cclimate emergency has never been so strong, and it\u2019s not the time to send this kind of negative signal,\u201d he said.<\/p>\n<\/section>\n<section data-aqa=\"identity-sign-in\" data-async id=\"article-block\">\n<header>\n<div>\n<p><img decoding=\"async\" alt=\"Financial Post\" height=\"37\" loading=\"lazy\" src=\"https:\/\/dcs-static.gprod.postmedia.digital\/18.0.4\/websites\/images\/identity\/logo-identity-fp.svg\" width=\"280\"><\/p>\n<div>\n<p>THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY<\/p>\n<p>Subscribe now to read the latest news in your city and across Canada.<\/p>\n<ul>\n<li>Exclusive articles from Barbara Shecter, Joe O&#8217;Connor, Gabriel Friedman, and others.<\/li>\n<li>Daily content from Financial Times, the world&#8217;s leading global business publication.<\/li>\n<li>Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\n<li>National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\n<li>Daily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div>\n<p>SUBSCRIBE TO UNLOCK MORE ARTICLES<\/p>\n<p>Subscribe now to read the latest news in your city and across Canada.<\/p>\n<ul>\n<li>Exclusive articles from Barbara Shecter, Joe O&#8217;Connor, Gabriel Friedman and others.<\/li>\n<li>Daily content from Financial Times, the world&#8217;s leading global business publication.<\/li>\n<li>Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\n<li>National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\n<li>Daily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div>\n<p>REGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\n<p>Create an account or sign in to continue with your reading experience.<\/p>\n<ul>\n<li>Access articles from across Canada with one account.<\/li>\n<li>Share your thoughts and join the conversation in the comments.<\/li>\n<li>Enjoy additional articles per month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<div>\n<p>THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.<\/p>\n<p>Create an account or sign in to continue with your reading experience.<\/p>\n<ul>\n<li>Access articles from across Canada with one account<\/li>\n<li>Share your thoughts and join the conversation in the comments<\/li>\n<li>Enjoy additional articles per month<\/li>\n<li>Get email updates from your favourite authors<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n<div data-auth-component id=\"auth-screen-form\" aria-live=\"assertive\">\n<h2>Sign In or Create an Account<\/h2>\n<p><span><\/span><span>or<\/span><span><\/span><\/p>\n<\/div>\n<\/section>\n<section>\n<p>Article content<\/p>\n<p>The comments follow an exodus from NZBA, as US and Canadian banks including Goldman Sachs Group Inc., JPMorgan Chase &#038; Co. and Royal Bank of Canada all quit the group. In Europe, banks have so far been reserved in their response. UBS Group AG CEO Sergio Ermotti indicated last month he\u2019s assessing whether to follow his US peers in abandoning the climate group.\u00a0<\/p>\n<p>Banks in North America are adapting to a new political reality as US President Donald Trump rolls back Biden-era climate policies and instead promotes a revival of fossil-fuel production. Trump\u2019s arrival in the White House has also emboldened the Republican Party to step up attacks on climate finance in GOP states.<\/p>\n<p>NZBA\u2019s website currently shows the group as having about 135 member banks from over 40 countries. Signatory banks commit to transition their financed emissions to align with \u201cpathways to net zero by 2050\u201d at the latest. They\u2019re also required to provide 2030 targets to show they\u2019re on track, and to document their progress.<\/p>\n<p>\u201cThe alliance has enabled this movement to get off the ground politically, but that\u2019s not what has created the banks\u2019 commitment to these environmental issues,\u201d Credit Agricole\u2019s Brassac said at the press conference.\u00a0<\/p>\n<\/section>\n<section>\n<p>Article content<\/p>\n<\/section>\n<p> Bloomberg News<br \/><a href=\"https:\/\/financialpost.com\/pmn\/business-pmn\/credit-agricole-ceo-rules-out-quitting-climate-group-amid-exodus\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit Agricole SA Chief Executive Officer Philippe Brassac vowed to remain a member of the banking industry\u2019s largest climate-finance alliance, even after Wall Street\u2019s biggest lenders walked away. Author of the article: Bloomberg News Claudia Cohen Published Feb 05, 2025 \u00a0\u2022\u00a0 1 minute read (Bloomberg) \u2014 Credit Agricole SA Chief Executive Officer Philippe Brassac vowed<\/p>\n","protected":false},"author":1,"featured_media":827957,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[139478,2966],"tags":[139477,5212],"class_list":{"0":"post-827956","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-agricole","8":"category-credit","9":"tag-agricole","10":"tag-credit"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/827956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=827956"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/827956\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/827957"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=827956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=827956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=827956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}