In the words of Mikel García-Prieto, general director of Triodos, “as an ethical banking entity that promotes the regeneration of the financial system, we consider it essential to include scope 3 in article 28 of this Climate Change Law to align the national objectives of reduction with those of the financial sector “.
Scope 3 represents the greatest impact on financial entities’ emissions (more than 90%) and refers to the information obligations on metrics and scenarios for the sector, with specific reduction plans, as signed in the Commitment to Climate Action signed by Spanish banks at COP25 in December 2019.
“It is a risk that moderately ambitious goals in the short term lead to inaction and greenwashing in the next few years, and not to real change. We will do ourselves a disservice if we use Net Zero in 2050 as an excuse not to make changes today. that they are necessary “, affirms García-Prieto.
The general director of the entity also considers that “the commercialization of financial products should show information on impact with the same level of demand and transparency as that related to risk and profitability, to ensure that consumers can choose duly informed . “
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