East & Partners

Nomura Exits Net-Zero Banking Alliance as Japan’s Megabanks Diverge

Japan
Nomura
ESG

(13 March 2025 – Japan) Nomura Holdings has announced its withdrawal from the Net-Zero Banking Alliance (NZBA), following a similar move by Sumitomo Mitsui Financial Group and mirroring an earlier exodus by major Wall Street banks.

A company spokesperson stated that Nomura will “continue to tailor our approach to decarbonisation to the evolving rules and economic backdrop in different regions and countries in which we operate.”

Meanwhile, Mitsubishi UFJ Financial Group and Mizuho Financial Group remain in the alliance, as NZBA members prepare to vote on a revised strategy that could ease climate commitments over the coming weeks.

Connect
with East

At East & Partners we work together as one firm to serve our clients wherever they need us.

Our collective knowledge and experience across global  markets helps us guide clients on the intricacies of each region while enabling cohesion across their global footprint. Apples with apples and pears with pears in complex and demanding financial services markets
globally.

Lookup(Required)
subscribe
This field is for validation purposes and should be left unchanged.