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CINCINNATI, September 25, 2024 /3BL/ — Fifth Third’s longstanding leadership in sustainability in the financial services sector has earned the bank recognition by USA Today as among America’s Climate Leaders 2024. The bank has provided $37.6 Fifth Third Bank, National Association is a federally chartered institution.
The proposed disclosures share many of the same features as the widely accepted disclosure frameworks, including the TCFD and the GreenhouseGasProtocol and investors would be provided with the necessary information, via the GHG emissions disclosures proposals to look at a registrant’s climate-related and transition risks.
The platform’s solutions are aligned with internationally recognized scientific methodologies and standards such as the GreenhouseGasProtocol and the Science Based Targets initiative (SBTi), and the accuracy of the applied Corporate Carbon Footprint (CCF) calculation methodology is certified by TÜV Rheinland.
Developing Tools and Practices for Business Climate Action Heather Schrock, Director of Environmental Partnerships at the Bonneville Environmental Foundation , provided a look at the greenhousegasprotocols framework. Whether you work at a large company or an agency, get inspired to do more today.
The software market is also faring poorly for ‘Scope 2 emissions Intensity’ which captures GHG emissions from consumption of purchased electricity, heat or steam by the company, as categorised by the GreenhouseGasProtocol, divided by the company’s revenue. in 2014 rising to 6.66 which recorded an 85% fall.
It follows an extensive request for information during which 70% of investors called for TCFD-based disclosure , including its recommendation to use GreenhouseGasProtocol standards for disclosing corporate GHG emissions. Myth 1: Climate change isn’t a financial risk .
It found that local authorities are well behind the private sector in terms of gathering and analysing key Scope 3 GreenhouseGas (GHG) emissions data which, according to the Local Government Association, represents between 70 and 80 per cent of a typical local authority’s total emissions 1.
This could enable banks or fossil fuel companies , for example, to under-report climate risks or metrics based on an argument that fossil fuels will be needed for many years to come. This is especially true with the Ukraine war driving up oil and gas prices and demand in Europe.
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