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Call for “Absolute” 45% Cut in Banks’ GHG Emissions over Decade

Demand accompanies IIGCC-convened initiative to enhance global banks’ disclosure, governance and business alignment with 2050 net-zero goals.

Asset owners and managers with US$11 trillion AUM have launched an engagement initiative aimed at improving the banking sector’s commitment to achieving net-zero greenhouse gas (GHG) emissions from their portfolios by 2050. A report published today by the group – convened by the Institutional Investors Group on Climate Change –…

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