The central bank said it had decided to leave the network after the group’s work “increasingly broadened in scope.”

Four of Canada's biggest lenders said on Friday they were withdrawing from a global banking sector climate coalition, joining six major U.S. banks.The departures from the Net-Zero Banking Alliance began with Goldman Sachs' announcement on Dec.

TORONTO — Bank of Montreal has withdrawn from the UN-backed Net-Zero Banking Alliance that aims to accelerate climate action among financial institutions.