There’s a hidden, huge source of emissions companies are ignoring: their banking

Companies haven’t been focused on their financial footprints, but a new report highlights how their cash and investments fund fossil fuels, adding to their total emissions.

Companies like Microsoft, Alphabet, and Meta have invested heavily in renewable energy and other ways to shrink their corporate carbon footprints. But the biggest part of their emissions, according to a new report, comes from their banking—and it’s an area that has so far slipped under the radar.

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