Equity and corporate bond climate exposures fall as rising air travel and data use drive up own emissions
The Monetary Authority of Singapore’s investment portfolio has become less carbon-intensive in the last financial year, although its total carbon emissions rose largely because of increased air travel.
The MAS uses a metric called the weighted average carbon intensity (WACI) to measure the carbon intensity of its equities and corporate bond holdings. The WACI measures a portfolio’s exposure to carbon-intensive companies by revenue, expressed in tonnes of carbon dioxide equivalent (tCO2e) per unit
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Tags: Central Banking