Banks boast about ecology, meanwhile their carbon footprint is growing. There is a new report

The article discusses the increasing carbon footprint of banks' portfolios despite operational emissions decreasing. It highlights the impact of the CSRD directive on financial reporting and the need for banks to focus on financed emissions for effective decarbonization. While some banks have set climate neutrality goals for 2050, many avoid comprehensive 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 importance of monitoring emission intensity in key sectors to assess alignment with climate goals. Additionally, Polish banks have become active issuers of green bonds, raising significant funds for energy-efficient projects.