Banks to Receive Guidance on Reporting Emissions in Lending
By Robert Kropp, Social Funds
November 7, 2013
When the 2011 Newsweek Green Rankings were published, it came as a surprise to many that seven of the worst performing US companies were financial firms. The reason for such a poor performance was inadequate reporting of emissions in corporate supply chains; in the case of financial firms, emissions from their lending and investment portfolios. Financial institutions are universal owners, and as such manage portfolios that are exposed to risks associated with high-emitting sectors such as oil and gas and coal.
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