Carbon accounting cannot follow the misleading example of ESG ratings

The laissez-fare approach of ESG ratings has no place in carbon accounting frameworks for corporations and financial institutions, writes Ivan Frishberg of Amalgamated Bank

Hiro Mizuno, the outgoing Chief Investment Officer of Japans GPIF, the world’s largest asset owner, jested with a room full of bankers and climate policy experts at the launch of the UN Principles for Responsible Banking in New York last September, telling a story about how unimp…

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