Australia’s major banks have pledged to reduce financing for fossil fuel projects misaligned with a net-zero future. While progress has been made in reporting Scope 1 and 2 emissions, transparency around Scope 3, particularly financed emissions, remains limited.
In the latest episode of The Greener Way, Rachel Alembakis, Stewardship Manager at U Ethical, discusses the importance of collaboration between fund managers and banks to align with the Paris Agreement and enhance data accuracy.