The Net-Zero Banking Alliance, the world’s largest climate coalition for banks, has suspended its activities and proposed a vote to overhaul its organizational structure following the departure of several major members, including leading banks from the United States, Japan, and Europe. The coalition, which spearheaded the banking sector’s global efforts to reduce carbon emissions, is facing mounting political pressure and criticism over its reliance on voluntary commitments rather than binding climate measures. The exits have raised questions about the viability of the alliance’s net-zero goals, with some observers citing financial risks tied to uneconomic projects and concerns over greenwashing. The pause in activities reflects broader challenges in aligning banking practices with ambitious climate targets amid economic and regulatory pressures.