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Financial organisations thus have a major role to play in the decarbonisation of the globaleconomy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 Finance climate action Financing climate action can take many forms, such as greenbonds or sustainability-linked loans.
The company data produced by non-financial reporting helps investors to identify which companies are investing in the clean energy transition and can highlight gaps in action which may lead to strandedassets and hence costs. Non-listed SMEs can also voluntarily report using the CSRD’s upcoming VSME framework.
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