alt
News

Blog

|
| lori@prometsite.com

Banks to Receive Guidance on Reporting Emissions in Lending

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.

Read More
|
| lori@prometsite.com

Giving cities a road map to reducing their carbon footprint

Cities are not just where 3.5 billion of us live—they are where more than  half of humanity uses electricity, drives cars, and throws out garbage, among myriad other activities that emit greenhouse gases. Now, a global coalition has released the first standardized method for measuring and reporting a given city’s greenhouse gas emissions. 

Read More
|
| lori@prometsite.com

Rajkot one of 40 global cities to cut carbon emissions

Gujarat's 'solar city — Rajkot in Saurashtra — is being globally recognized as a case study for reducing carbon emissions. As per report by World Resources Institute (WRI), a US-based organization, presented at the UN Climate Change Conference in Peru, Rajkot will be able to reduce 14 per cent cent of its carbon dioxide emissions by 2016. 

Read More
|
| lori@prometsite.com

What's the carbon footprint of a bank loan? Sustainable finance groups follow the money

Nathanael Massey, E&E News

On its own, the global financial sector has a limited carbon footprint -- compared with manufacturing, mining and construction, for example, it barely registers at all. Yet each of those "heavy" industries is backed by the resources of banks and financial institutions, and those monetary relationships tie financiers, to a degree at least, to the emissions they capitalize.

Read More