Bank climate coalition to vote on ditching 'alliance'

LONDON, Aug 27 (Reuters) - The Net-Zero Banking Alliance, the world's main banking industry group focused on cutting carbon emissions, said on Wednesday it had proposed changing its aims from being a 'membership-based alliance' to a 'framework initiative'.

The move, to be voted on by members until the end of September, follows the exodus of many large banks after pressure from some U.S. Republican politicians that membership could be seen as a breach of anti-trust rules.

"The Steering Group believes this is the most appropriate model to continue supporting banks across the globe to remain resilient and accelerate the real economy transition in line with the Paris Agreement, as well as to continue engagement with the global banking industry to develop further guidance and tools needed to support them and their clients," the NZBA said in a statement on its website.