The industry-led, UN-convened Net-Zero Banking Alliance brings together banks worldwide representing about 40% of global banking assets, which are committed to aligning their lending and investment portfolios with net-zero emissions by 2050. The SBTi initiative is a no-profit organization that promotes best practices and provides technical assistance and audit services to companies who set ambitious emission-reduction targets. 8.
When the recent financial crisis in the United States and other advanced economies threatened to spill over to Mexico, the inflation credibility enjoyed by the Bank of Mexico allowed it to counter economic weakness by easing monetary conditions, even though headline inflation was running above its target range at the time.