Post by account_disabled on Mar 3, 2024 16:52:33 GMT 10
Regulators are also increasingly concerned about risks to the financial system posed by climate-related threats. The Financial Stability Board's recommendations for effective disclosure of climate-related financial risks and opportunities is ushering in a new phase in norms and expectations around the issue of financial institutions' climate-related disclosure. In response, some financial institutions — including banks — are moving with speed and determination to understand, assess and disclose such climate-related risks, as shown by a recent UNEPFI-convened group of banks piloting the recommendations and delivering the first publicly available methods for the industry to do so.
Contribution to the climate problem as well as its contribution to the climate solution, claims of climate progress can only be assessed as BTC Number Data incomplete. Measuring risk, however, is not enough. Understanding their contribution to international climate policy goals matters, too. Demand from investors and customers, concerns about reputation and a desire to become enablers of the low-carbon economy are motivating banks to better understand, and be more transparent about, the climate progress of their lending and investment activities more broadly.
Iemissions as a metric to track portfolio level responsibility for GHG emissions. Assessing climate progress with financed emissions enables one metric to be used across asset classes and is a metric of interest to some stakeholders to understand overall exposure to emissions. On the other hand, this level of aggregation may provide fewer insights for internal decision-making than sector-specific metrics which cannot be aggregated across asset classes, such as measures of efficiency for real estate (kilowatt-hours per square foot) or vehicles miles per gallon.
Contribution to the climate problem as well as its contribution to the climate solution, claims of climate progress can only be assessed as BTC Number Data incomplete. Measuring risk, however, is not enough. Understanding their contribution to international climate policy goals matters, too. Demand from investors and customers, concerns about reputation and a desire to become enablers of the low-carbon economy are motivating banks to better understand, and be more transparent about, the climate progress of their lending and investment activities more broadly.
Iemissions as a metric to track portfolio level responsibility for GHG emissions. Assessing climate progress with financed emissions enables one metric to be used across asset classes and is a metric of interest to some stakeholders to understand overall exposure to emissions. On the other hand, this level of aggregation may provide fewer insights for internal decision-making than sector-specific metrics which cannot be aggregated across asset classes, such as measures of efficiency for real estate (kilowatt-hours per square foot) or vehicles miles per gallon.