In 2013, only six percent of financial companies in the FTSE Global 500 reported any emissions associated with lending and investment portfolios to CDP. To address this gap, the Greenhouse Gas Protocol (GHG Protocol) and the United Nations Environment Programme Finance Initiative (UNEP FI) have begun developing guidance to help financial intermediaries assess the emissions from their lending and investments portfolios. In October, UNEP FI and WRI hosted the first Advisory Committee meeting on Greenhouse Gas Protocol Financial Sector Guidance to begin the guidance development process. The guidance will be a supplement to GHG Protocol’s Corporate Value Chain (Scope 3) Standard. View the Press Release here.