Press Release
Low Carbon Banking
Issue date: 22nd June 2007
Entec has produced a report and web site looking at the risks and opportunities facing financial institutions as climate change moves ever higher on the political and business agendas.
The Low Carbon Banking report, published today, highlights the measures which major banks including HSBC and Barclays have already taken, and challenges the whole sector on the massive influence it has in a move towards a low carbon economy. The report outlines the different areas of carbon risk and questions if banks are effectively managing what is a long-term risk in decisions being made today. Managing risk means understanding what carbon exists within an organisations products, services and supply chain. Just as retail companies are beginning to understand this risk, banks will need to know the quantity of carbon within loans. The supporting website moves the debate on from risk by providing information on carbon opportunities, and suggesting ways that a bank could measure and influence carbon.
The report was informed by meetings with UK banks, reviews of publicly available information and meetings with key stakeholders. Contributions were made by Nick Robins, Head of Socially Responsible Investment at Henderson Global Investors.
If you would like to know more, please contact Maurice Hoban on 01926 439 082 hobam@entecuk.co.uk log on to www.lowcarbonbanking.co.uk.
Enquiries to:
Kathryn Meehan
Email: meehk@entecuk.co.uk
Tel: 0191 272 6362
Fax: 0191 272 6592
Notes to Editors:
Click here to load the Entec home page