iCI Issues Guidance on GHG Emissions
The Initiative Climat International (iCI) launched a guide to help companies measure and disclose their greenhouse gas (GHG) emissions to their creditors.
The guide has been designed to be a concise and accessible resource for companies of all sizes.
The guide covers the basics of GHG emissions measurement, including the different types of emissions, how to calculate them, and the different frameworks that can be used. It also guides how to disclose emissions to creditors clearly and transparently.
The guide was developed by iCI's Private Credit Working Group, which is co-chaired by ICG and Oak Hill Advisors. The group brought together a diverse group of stakeholders, including lenders, borrowers, investors, and environmental groups, to develop a guide that would be useful to a wide range of companies.
"We are excited to launch this guide, which we believe will be a valuable resource for companies and creditors as they work to address climate change," said Ivo Dimov, ICG, and Jeff Cohen, Oak Hill Advisors, Co-Chairs of iCI's Private Credit Working Group. "This guide provides a clear and concise roadmap for companies to measure and disclose their emissions, and we believe it will help accelerate the transition to a low-carbon economy."
The guide has received strong support from several organisations, including the European Leveraged Finance Association (ELFA), Loan Syndications and Trading Association (LSTA), CDP, Loan Market Association (LMA), and Asia Pacific Loan Market Association (APLMA).
"This guide is a welcome addition to the resources available to companies as they work to measure and disclose their emissions," said Bettina Reinboth, Director Sustainability Initiatives Principles for Responsible Investment (PRI). "It is a practical and tangible resource that will help facilitate GHG emissions measurement for companies and encourage transparency."
For more social and governance news
To view and compare company ESG Ratings and Sustainability Reports, visit our Company ESG Profiles page.
Source: PRI
