Investec reveals carbon emissions of its whole loan book
The greenhouse gases amounted to just more than 1.77-million tonnes of carbon dioxide equivalent
Investec, the private bank and wealth manager, has taken the bold step of publishing the total carbon emissions of all the assets it financed in its £26.74bn (R528.2bn) loan book for the 2021 financial year.
The dual-listed bank, whose shares trade on the London and Johannesburg stock exchanges, took the brave decision at its August 2021 AGM to begin disclosing its total scope 3-financed carbon emissions as far as they can be calculated. That has culminated in the bank publishing in its latest climate-related financial disclosures report a detailed breakdown of the CO2 emitted by the various asset classes it finances...
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