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BlackRock, JPMorgan, HSBC, Citi, and the rest of the world's capital are moving trillions toward sustainable finance — and pulling back from formal climate alliances at the same time. This is a live feed of who's doing what, what it's worth, and where the opportunity sits.
Sources: Mordor Intelligence (2026 market sizing); industry climate-finance-gap estimates cited by major banks; green bond issuance per market trackers. Estimates vary by methodology — shown here for directional scale, not as a single audited figure.
Why every major bank and asset manager is repositioning around this, even while formal climate alliances unwind.
Live and virtual gatherings connecting investors, entrepreneurs, and experts across the consortium.
Major global banks, asset managers, and capital-markets players, organized by how they participate in sustainable finance — each figure sourced from public disclosures.
companies array near the top of the script as institutions report new numbers.
The story reshaping who leads sustainable finance right now.
Launched at COP26 in 2021, the UN-backed Net-Zero Banking Alliance grew to roughly 140+ banks covering over 40% of global banking assets, all pledging to align lending with net zero by 2050. Starting in late 2024, JPMorgan, Goldman Sachs, Citi, Wells Fargo, Bank of America, and Morgan Stanley withdrew, followed by Canadian, Japanese, and eventually European banks including HSBC, Barclays, and UBS. By November 2025 the alliance had formally ceased operations. BlackRock's parallel exit from the Net Zero Asset Managers initiative followed the same pattern. Individual institutions largely kept their own internal targets — JPMorgan's $2.5T Sustainable Development Target, HSBC's $750B–$1T goal — but the coordinated, accountability-backed coalition model is gone, and GFANZ has since narrowed its mission from economy-wide transition to specific transition-finance deals.
Policy & Alliances