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For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supplychains and lending/investment portfolios are often more complex than for other industries. They can also divest from high-emitting industries such as thermal coal production.
Will Martindale, Group Head of Sustainability at fiduciary manager and pension provider Cardano , has been on the front-line helping pension funds to implement their disclosure requirements and says this has been made more challenging by a lack of data from investee companies, particularly on Scope 3 (supplychain) emissions.
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