Financial institutions are faced with a lack of emissions data. In fact, today, only 3% of large corporates publish their GHG emissions. CO2 FI by BCG—our AI-powered solution for net-zero alignment in the financial services industry—solves this challenge.
We help retail and commercial banks measure GHG emissions financed by loans and investments and support facilitated emissions measurement.
We help asset managers measure GHG emissions associated with assets under management.
We help the investors and private equity players measure GHG emissions financed by investments.
We help retail and commercial banks measure GHG emissions financed by loans and investments and support facilitated emissions measurement.
We help asset managers measure GHG emissions associated with assets under management.
We help the investors and private equity players measure GHG emissions financed by investments.
We help insurance players measure associated GHG emissions.
Rapid baselining of the carbon footprint for a major asset manager and bank to provide the necessary transparency for establishing a robust climate action strategy. We assessed decarbonization strategies both in terms of emission reduction potential and financial impact. Emission reduction potential with neutral revenue impact was assessed to equal 18% by 2030.
Our client used CO2 FI by BCG to baseline its carbon footprint and to assess the ongoing sector-by-sector net-zero alignment. They were able to cover the entirety of the lending book with carbon emission estimates and define decarbonization strategies for their seven highest emitting sectors, amounting to an average reduction target on the emission intensity of 40% across sectors.
Despite good intentions, companies say they are struggling to cut their emissions in line with targets. Their inability to measure appropriately is the leading roadblock.
Larry Fink, the chairman and CEO of BlackRock, the world’s largest asset manager, explains how the climate crisis is fundamentally reshaping his firm’s approach to investing.
In order to meet the Paris Agreement goals, price levels need to increase to an estimated $50-150/tonne average by 2030 from the current global average of <$5/tonne.
This guide assembles FSTF member experience, and the recommendations made in the guide provide suggestions for approaches banks can take over time as methodology, data and climate science continue to evolve.
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