ESG & Investing
Global Banks Falling Behind on Emissions Reporting, Study Shows
- Analysis finds hardly any big banks disclose quantitative data
- European and Japanese banks are ‘far ahead’ of the rest
Photographer: Jen Osborne/Bloomberg
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The world’s biggest banks aren’t telling stakeholders what they need to know to judge how big the industry’s carbon footprint is, according to a fresh study.
Only five global banks have disclosed the quantitative results of climate scenario analyses to shareholders and clients, according to a report published on Tuesday by the Transition Pathway Initiative Global Climate Transition Centre, an independent research and data provider based in London. And only six of the 26 banks analyzed have disclosed a commitment to immediately end all on- and off-balance sheet finance for new coal capacity, the study shows.