An influential coalition of pension funds and insurance companies, managing $9.5 trillion in assets, is urging regulators to mandate corporate disclosures of Scope 3 emissions, which often represent over 70% of a company's carbon footprint. The Net-Zero Asset Owner Alliance emphasizes the need for standardized methodologies and better data to tackle the challenges of integrating these emissions into carbon accounting. Udo Riese from Allianz Investment Management stresses the importance of moving beyond excuses to address this critical issue for environmental accountability.
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