Financed emissions and carbon accounting
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
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