Barclays commits to Bankers for NetZero project

Barclays Bank logo at one of their branches. Photo: Dave Rushen/SOPA Images/LightRocket via Getty Images
Barclays Bank logo at one of their branches. Photo: Dave Rushen/SOPA Images/LightRocket via Getty Images

Barclays (BARC.L) has become one of the first banks to publicly sign-up to a new cross-industry initiative aimed at increasing the flow of financing of ‘green’ projects.

Barclays was among five banks to commit to the Bankers for NetZero project on Tuesday, alongside Sweden’s Handelsbanken, ethical bank Triodos, the Ecological Building Society, and fintech Tide.

Bankers for NetZero is a private sector initiative bringing together policymakers, politicians, and financiers to work out how best to finance the transition to a net zero carbon