A new report, Exploring Metrics to Measure the Climate Progress of Banks, by the World Resources Institute, the UNEP Finance Initiative and the 2 Degrees Investing Initiative explores the transparency around climate finance investments.
For example, are banks accounting for “green” investments more than “brown” investments (those that contribute to GHG emissions)? More clearly defining what constitutes green vs. brown exposure metrics would help to improve the understanding the financial sector’s climate progress.
The analysis of 35 large development and commercial banks found that for the most part, banks are unable to convey their overall climate finance progress. It is an interesting read and the report can be found here.