Many financial institutions don’t measure or report the vast majority of their emissions footprint

CDP analysis finds that financial institutions' financed emissions, which most don’t report, are 700 times larger than their operational emissionsCDP highlights the importance of financed emissions as a source of risk that isn’t adequately measured or managed RFI Foundation has an ongoing series of reports focused on Islamic markets looking at where the financial sector’s emissions are concentrated

A new analysis from CDP has found that many financial institutions – banks, insurers, asset managers and asset owners – are failing to fully report on their financed greenhouse gas emissions. Where financial institutions reported full Scope 3 emissions, including financed emissions, these emissions were 700 times larger than operational emissions alone....