Part 4/10:
As several major banks, including JP Morgan and Goldman Sachs, withdrew from the Net Zero Banking Alliance, Ermotti took a measured stance. He stressed the importance of a coherent policy framework established by politicians, rather than placing the onus entirely on banks to foster climate change initiatives. Ermotti's view is that while banks should support the transition to sustainability, expecting them to navigate complex political landscapes without appropriate guidance is unrealistic. He emphasized a balanced approach toward achieving climate goals, focusing on realistic timelines that acknowledge regional differences.