Capital Flows, Financials

Why banks are struggling to report capital markets fossil fuel activity

Canary Wharf financial district, London. The work banks have done so far to create a universal standard to report facilitated emissions is incomplete and has attracted much attention. (Photo: Chris J. Ratcliffe/Bloomberg)

Climate campaigners lament banks’ limited reporting on facilitated emissions, while lenders argue that arriving at a standard for disclosure is a complicated process

Banks are under serious pressure to come clean about their ties to fossil fuel companies. Much of this criticism comes from environmentally focused non-governmental organisations, such as ...

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