Post by account_disabled on Mar 3, 2024 1:54:33 GMT -5
The metrics most commonly used by banks to relate their contribution to climate change are exposure-based metrics such as counts, percentages and currency values. Exposure-based metrics used to report on contributions to the climate solution are much more commonly reported than exposure-based metrics used to report on contributions to the climate problem. Many banks have made commitments to finance climate solutions, known as "green" finance.
Australia and New Zealand Banking Group stated in that it will fund and facilitate at least $ billion by to support increased energy efficiency in industry, low-emissions BTC Number Data transport, green buildings, reforestation, renewable energy and battery storage, emerging technologies (such as CCS) and climate change adaptation measures. Conversely, a few banks are tracking and shedding their financing of climate problems, known as "brown" finance.
Announced it will stop financing oil and gas exploration and extraction from Banks focus their reporting almost exclusively on green financing, with limited reporting on brown financing. The problem so far has been that banks focus their reporting almost exclusively on green financing, with limited reporting on brown financing. Without reporting the level of green activities in relation to the level of brown activities or providing green financing in the context of total portfolio values or in comparison to parallel values in the real economy, this information has limited usefulness to stakeholders.
Australia and New Zealand Banking Group stated in that it will fund and facilitate at least $ billion by to support increased energy efficiency in industry, low-emissions BTC Number Data transport, green buildings, reforestation, renewable energy and battery storage, emerging technologies (such as CCS) and climate change adaptation measures. Conversely, a few banks are tracking and shedding their financing of climate problems, known as "brown" finance.
Announced it will stop financing oil and gas exploration and extraction from Banks focus their reporting almost exclusively on green financing, with limited reporting on brown financing. The problem so far has been that banks focus their reporting almost exclusively on green financing, with limited reporting on brown financing. Without reporting the level of green activities in relation to the level of brown activities or providing green financing in the context of total portfolio values or in comparison to parallel values in the real economy, this information has limited usefulness to stakeholders.