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Join the Net Zero Banking Alliance (NZBA)

In March 2023, we joined the Net Zero Banking Alliance (NZBA) which commits us to aligning our credit and investment portfolio to achieving net zero emissions by 2050, in line with the targets set by the Paris Climate Agreement.
The decision to join NZBA followed a careful analysis and evaluation, which led to the identification of five priority areas for target communication within 18 months of membership:

  • Oil & Gas;
  • Power generation;
  • Cement;
  • Automotive;
  • Coal.

In the context of the 2021-2024 Strategic Plan, with reference to the coal sector, Banco BPM has already committed to stop new disbursements and a simultaneous run-off of the currently existing exposures.