BSR Insight | New Emissions Reporting Guidelines for Banks on Investment Footprints
About the Author(s)
Andrew Matthews, Associate, Advisory Services
Publication Date
November 20, 2012
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Of the financial services companies who responded to the 2012 Carbon Disclosure Project Global 500, 72 percent reported on one or more Scope 3 categories (emissions stemming from the value chain).
Many of these companies, however, have little insight into how to report on perhaps their most material Scope 3 category, emissions from their investments, due to the lack of a universal standard. Because financial services companies provide capital to all industries, including those considered “clean” and “dirty,” there is a need to create clear guidelines for reporting on investments.
BSR is collaborating with the GHG Protocol to supplement the Corporate Value Chain (Scope 3) Accounting and Reporting Standard with a credible, global, and financial-services-specific accounting methodology on emissions associated with equity and debt investments and project finance, among others. Companies can provide input via an online survey and learn more through a BSR Sustainability Matters webinar, to be scheduled in the coming months.
For further information on BSR’s perspective or to learn how to get involved, please contact BSR's Ryan Schuchard or Andrew Matthews.
About the Author(s)
Andrew Matthews, Associate, Advisory Services
With a background in international development and emerging markets corporate strategy, Andrew brings global, cross-sector experience to BSR's Advisory Services team... Read more →
Topics
Climate Change, Energy, Financial Services, Reporting & Communications, Transportation, Travel & Tourism
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