A brand-new guide has set out how service leaders, chief monetary officers and sustainability supervisors can slash emissions created through their business money holdings and assistance speedup the larger decarbonization of the monetary sector.
“The Greening Cash Action guide: How to lower emissions from business’ money deposits in the bank” information how numerous companies are stoppingworking to account for the emissions associated with their business money holdings, caution that these indirect emissions are mostlikely to outcome in a significant boost in numerous organizations’ carbon footprint.
As such, the report — authored by Johan Falk of the Exponential Roadmap Initiative, Jakob König from the Fair Finance Guide and Swedish Consumers’ Association, Paul Moinester of TOPO and Allison Fajans-Turner from BankFWD — sets out 7 actions business can take to both initially evaluate and then cut emissions associated with how banks handle their business money holdings.
Specifically, the report recommends companies to take actions to determine the carbon footprint from money holdings and proactively engaging with banks to motivate muchbetter information disclosure.
It likewise advises organizations