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
Watch: Fuelling Sustainability - Credits and incentives in action
Watch this webinar from Chapter Zero and the Deloitte Academy, where we explored the range of tax credits and incentives available to UK businesses operating more sustainably as the UK advances towards its net-zero goals.
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.
