Bloomberg article on Financed Emissions
This article from Bloomberg, written on 24 July 2024, addresses a frequent critique of carbon accounting: Scope 3 emissions, those that arise from a company’s customers and supply chains, are essentially double-counted.
This article covers:
- Where and why duplication of emissions are calculated in the financial industry and how this can equate to greenwashing.
- Insights and hypotheticals from Richard Manley, chief sustainability officer at CPP Investments, the $632 billion investment arm of the Canada Pension Plan.
- The shift in world view from 'reducing financed emissions' to 'financing reduced emissions'.
Read the article here
Bloomberg article on Finance EmissionsRelated Content
Transition Finance: A Strategic Imperative for Boards
The global transition to a low carbon, climate resilient economy represents both a climate imperative and a major commercial opportunity. As a leading financial centre, the UK is well positioned to finance this transition while creating opportunities for UK businesses.
COMING SOON Transition Finance: A Strategic Imperative for Boards
COMING SOON: Scaling finance to support and enable decarbonisation across the economy is not only a climate imperative, but also a strategic one. This briefing will translate The Transition Finance Market Review’s recent landmark report - 'Scaling Transition Finance' into actionable steps for boards. It will explore how your board can champion and implement TFMR’s recommendations both within their organisation and across the broader market.
