Finance Sector’s Funded Emissions Over 700 Times Greater Than Its Own
But under half of disclosing financial institutions report actions to align portfolios with a well below 2-degree Celsius world Q1 2021 hedge fund letters, conferences and more CDP provides first ever analysis of financed emissions based on self-reported data from global asset managers, asset owners, insurers and banks;Portfolio emissions of global financial institutions on average over 700x larger than direct emissions, per organization reporting financed emissions;Yet under half of disclosing financial institutions and only 27% of insurers report actions to align portfolios with a well below...