Most G-Sibs fail to disclose financed emissions
None of the world’s top 30 banks disclose climate impact of their whole portfolio
Less than half of the top 30 global banks have published climate disclosures linked to carbon emissions stemming from their investment and lending activities, Risk Quantum analysis shows.
A review of the Task Force on Climate-Related Financial Disclosures – seen as the gold standard for climate reporting – from the global systemically important banks (G-Sibs) that disclose them, found only 13 reported financed emissions.
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The Financial Stability Board formed the TCFD to improve firms’
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