Banks boast about ecology, but their carbon footprint is increasing. New report

The article discusses the increasing carbon footprint of banks' portfolios despite operational emissions decreasing. It highlights the importance of measuring financed emissions as a step towards decarbonization. While some banks have set climate neutrality goals, many avoid establishing targets for their portfolios. The rise in reported financed emissions is not necessarily alarming, as it may reflect improved data accuracy rather than a lack of progress. The article emphasizes the need for capital to support high-emission sectors in their transition. Polish banks are also becoming regular issuers of green bonds, raising significant funds for energy-efficient projects.