Banks are navigating a tricky challenge when it comes to financed emissions reporting: how to accurately account for the carbon footprint of their corporate clients, especially small and medium-sized enterprises (SMEs). The current answer, for most, has been proxies. Industry averages, rough estimates and annual reports. It’s better than nothing …
How banks can solve the ESG and financed emissions reporting problem for their SMEs
Banks face a real financed emissions reporting problem today. They’re under growing regulatory pressure to report on financed emissions from their SME clients. But the catch is that most small and mid-sized businesses don’t have the time, tools, or expertise to track their emissions, let alone produce compliant ESG reporting …