Practice area
Banking and financial services sector analysis
1 article
The European Union's Corporate Sustainability Reporting Directive (CSRD) is revolutionizing sustainability reporting, mandating that approximately 50,000 companies provide detailed, audited disclosures. For financial services firms, this presents a unique and immense challenge centered on Scope 3 emissions, particularly "financed emissions," which can constitute over 99% of their total climate impact. This article delves into the complexities financial institutions face in collecting and reporting this value chain data, from methodological inconsistencies to significant internal resource gaps.