They said they were"playing a leading role in the shift to net zero finance", pointing to a recent commitment by theBut campaigners say many such pledges have been"exposed as greenwash", which is why they are now calling on government to regulate the financial sector in the same way as other high carbon industries.
A government spokesperson said it was"harnessing the power of the financial system" to help reach it's net zero by 2050 target. South Pole, which carried out the analysis, assessed the carbon emissions associated with lending and investment of an"indicative sample" of fifteen banks and ten asset managers.
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