Financed Emissions - collaboration with the Australian Banks
This collaboration builds onto:
- the existing momentum and investor interest around financial sector's financed emissions, and
- U Ethical's stewardship discussions to date with all the Australian Banks.
Please refer to the attached letter, including a KangaNews May 2023 excerpt (bottom of letter)
There are a number of angles we would like to suggest the investor group once interest in this collaboration is confirmed:
- encourage the improvement of green energy-fossil fuel financing ratios,
- greater clarity on bonds underwriting and private lending, where most data are unclear,
- other taxonomy-related work to overcome challenges in reconciling different disclosures of upstream and downstream activities.
The clear asks will be jointly agreed by the investor group once formed.
- UNPRI_U Ethical_Financed Emissions Collaboration_AU Banks_2023.pdf Download
- Environment
- Governance
- Fossil fuel financing
- Financials
- 7 - Affordable & clean energy
- 8 - Decent work & economic growth
- 11 - Sustainable cities & communities
- 13 - Climate action
- Australia
- Corporate (financial)
- Listed equity