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Carney Aims for Global Banking Climate Pledge at Biden Summit

  • Glasgow Finance Alliance for Net Zero may include Citi
  • Banks to pledge net zero emissions by 2050 at the latest
Vanity Fair x Bloomberg Climate Change Gala Dinner

Photographer: Jeff Spicer/Getty Images

Dozens of European and U.S. banks are considering throwing their weight behind the White House’s Earth Day summit under plans being drawn up by former Bank of England governor Mark Carney.

Carney is expected to unveil the Glasgow Finance Alliance for Net Zero during the climate change summit on April 22 and 23, in his role as adviser to U.K. Prime Minister Boris Johnson. The Alliance, which may include Citigroup Inc., Barclays and HSBC Holdings Plc, is expected to host about 30 banks pledging to reach net-zero greenhouse-gas emissions by 2050, according to two people familiar with the matter.