Morgan Stanley headquarters building in New York City. Michael M. Santiago/Getty Images

From Goldman Sachs (GS) to Morgan Stanley (MS), many of the largest banks in the U.S. are quitting an international climate group amid rising political pressure as the nation enters a second Trump presidency.

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First launched in April 2021, the United Nations’ Net-Zero Banking Alliance (NZBA) aims to make the financial sector more environmentally sustainable by converges banks, insurers and investors to set sustainability targets in line with the group’s standards. The NZBA has more than 140 bank members across 44 countries that manage $64 trillion in total assets. But in recent weeks, U.S. banks have been pulling out of the group en masse.

Goldman Sachs

Goldman Sachs was the........

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