Carbon Accounting for Banking and Finance Industry

Mrs. Akansha Misra; Noorullah Abbas Jari

Carbon Accounting for Banking and Finance Industry

December 2024

Vol-10, Issue-6

Paper ID: 25446

ISSN: 2395-4396

Downloads: 0

Abstract & Details

Research Area

Finance

Keywords

Climate change Carbon accounting Banking and finance sector Sustainability Carbon emissions Risk management international climate goals Emerging technologies Blockchain Artificial intelligence Sustainable Finance Disclosure Regulation (SFDR) Low-carbon economy.

Abstract

In light of climate change, this study examines the significance of carbon accounting in the banking and finance sector, as well as how it might lower environmental risks and promote sustainability. In-depth discussion of contemporary carbon accounting methods, difficulties, and advancements is provided, with an emphasis on the difficulties in quantifying carbon emissions associated with banking operations and funded projects. It draws attention to how carbon accounting helps promote transparency, enhance risk management, and bring financial institutions into line with international climate goals. Using case studies of top banks like Standard Chartered and the European Investment Bank, the study shows how banks are incorporating carbon accounting into their investment and operational plans. The study also looks at upcoming trends that will be influenced by emerging technologies like blockchain and artificial intelligence as well as legislative changes like the SEC's climate disclosure requirements and the Sustainable Finance Disclosure Regulation (SFDR). In the end, the study highlights how crucial carbon accounting is to accelerating the shift to a low-carbon economy, allowing financial institutions to manage environmental risks and seize chances for long-term, sustainable growth.

License

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Author Information

#	Name	Institute / Affiliation
1	Mrs. Akansha Misra	Haridwar University
2	Noorullah Abbas Jari	Haridwar University

How to Cite

Use the following formats to cite this article in your research.

APA Style

Misra, Mrs. Akansha & Jari, Noorullah Abbas (2024). Carbon Accounting for Banking and Finance Industry. International Journal of Advance Research and Innovative Ideas In Education, 10(6), 1308-1313.

MLA Style

Misra, Mrs. Akansha, and Noorullah Abbas Jari. "Carbon Accounting for Banking and Finance Industry." International Journal of Advance Research and Innovative Ideas In Education, vol. 10, no. 6, 2024, pp. 1308-1313.

IEEE Style

Mrs. Akansha Misra and Noorullah Abbas Jari, "Carbon Accounting for Banking and Finance Industry," International Journal of Advance Research and Innovative Ideas In Education, vol. 10, no. 6, pp. 1308-1313, 2024.

Vancouver Style

Misra Mrs. Akansha, Jari Noorullah Abbas. Carbon Accounting for Banking and Finance Industry. International Journal of Advance Research and Innovative Ideas In Education. 2024;10(6):1308-1313.

Harvard Style

Misra, Mrs. Akansha & Jari, Noorullah Abbas (2024) 'Carbon Accounting for Banking and Finance Industry', International Journal of Advance Research and Innovative Ideas In Education, 10(6), pp. 1308-1313.

Chicago Style

Misra, Mrs. Akansha and Noorullah Abbas Jari. "Carbon Accounting for Banking and Finance Industry." International Journal of Advance Research and Innovative Ideas In Education 10, no. 6 (2024): 1308-1313.

Turabian Style

Misra, Mrs. Akansha and Noorullah Abbas Jari. "Carbon Accounting for Banking and Finance Industry." International Journal of Advance Research and Innovative Ideas In Education 10, no. 6 (2024): 1308-1313.