Banking on Carbon

Entec has produced a report and website 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 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 support the measurement carbon and influence it.

The report was informed by meetings with UK banks, reviews of publicly available information and meetings with key stakeholders. Contributions were also made by Henderson Global Investors.

We would now like to hear from you as part of our discussions around this research with people across the sector. What are the key issues to focus on? We would also be happy to meet with you to discuss the findings and how they impact on the work you do.
Contact Maurice Hoban on 01926 439082.

You can visit the Low Carbon Banking website here.

Download the report here in PDF format (1.99MB).

For a hard copy, subject to availability, please email your request to info@entecuk.co.uk Further information on our work in the area of Corporate Responsibility can be found here

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