Despite growing awareness of the fundamental role of the financial sector in achieving net zero targets, the proportion of institutions that fully disclose their emissions is sobering. Scope 3 emissions (financed emissions) in particular are barely or only inadequately taken into account in current calculations, as market experts report. As the Carbon Disclosure Project estimates that around 99.9% of emissions are generated in this area, this can be seen as highly problematic for the definition of targeted decarbonization strategies.
