By ET Bureau - May 03, 2021 1 Mins Read
Despite their net-zero emissions commitments, almost half of global banks did not perform any climate change research within their investment portfolios, according to a new survey commissioned by the Carbon Disclosure Project (CDP). However, with the criticism from all corners of society, it’s obvious that the world’s financial powerhouses can’t neglect the need to address climate change. BlackRock also declared sustainability to be the “new standard for investing” last year.
However, positive thoughts do not always equate to substantive intervention. Managing and accounting for emissions is a difficult task, especially for multinational corporations with extensive supply chains and partner networks — these “scope 3 emissions” are extremely difficult to monitor.
To Read More: Venture Beat
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