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Why banks should account for their full share of facilitated emissions


Banks are making progress on setting net-zero targets but most focus on lending and only a handful include capital markets facilitation – funding activities where banks do not provide capital themselves but play a critical role in facilitating access to it. Capital markets are a vital source of funding and will be key in delivering the low-carbon transition. In 2021 alone, global bond and equity issuances stood at US$26.8 trillion.

This memo outlines why the industry-organised Partnership for Carbon Accounting Financials should include a 100% weighting for capital market facilitation.