Decarbonisation sits high on the agenda of many boards. With almost every nation now endorsing the Paris Agreement, growing numbers of businesses are pledging to be carbon neutral by 2050. The finance industry is no exception, with institutions like UBS, HSBC and Aviva all announcing net-zero ambitions.
Measuring and reporting against these ambitions can be difficult. According to the Greenhouse Gas Protocol Corporate Standard, carbon accounting must address not only the emissions generated through a businesses' own operations, but those that arise along their value chain as well. For financial institutions, this includes any lending and investments.
