VP Bank joins Net-Zero Banking Alliance – Liechtenstein
VADUZ – To reinforce its net zero ambition, VP Bank joins the Net Zero Banking Alliance (NZBA). She announced this in a broadcast on Thursday.
The UN Alliance of Banks Worldwide has committed to aligning its lending and investment portfolio to net zero emissions by 2050 or earlier. With more than 50 members from 29 countries and total assets of 39 trillion. The US dollar quickly represents a quarter of the associated bank assets and represents a decisive step towards mobilizing finance for Allianz, explains VP Bank.
The members of the Allianzario based themselves on setting intermediate scenic targets for 2030 earlier for priority sectors, prioritizing areas with the most significant impact, i.e. the most greenhouse gas-intensive and emitting sectors, public publication of emissions and emission intensities, taking into account the best available scientific knowledge, setting them of initial targets within 18 months of signing and then annual reporting and progress disclosure of an updated level review.
VP Bank is proud to work with leading representatives of the banking sector to achieve the goal of net zero emissions by 2050. In addition, according to its group strategy, the bank wants to be climate-neutral by 2026.