@inproceedings{TeublerKuehlert2020,
  author    = {Teubler, Jens and K{\"u}hlert, Markus},
  title     = {Financial carbon footprint : calculating banks' scope 3 emissions of assets and loans},
  booktitle  = {Industrial efficiency 2020 - decarbonise industry! : 14-17 September 2020 ; ECEEE Industrial Summer Study proceedings},
  publisher = {European Council for an Energy Efficient Economy},
  address   = {Stockholm},
  url       = {https://nbn-resolving.org/urn:nbn:de:bsz:wup4-opus-75872},
  pages     = {381 -- 389},
  year      = {2020},
  abstract  = {Financial institutions play a crucial role in achieving the 2015 Paris Climate Agreement. They can manage capital flows for financing the required transformation towards a decarbonized industry. Currently established policy programs and regulations at European and national level increasingly address financial institutions to make their climate warming impact measurable and transparent. However, required science-based assessment methods have not been sufficiently developed so far. This paper discusses methodological opportunities and challenges for measuring carbon footprints of financial institutions. Based on a scientific case study undertaken with the German GLS Bank, the authors introduce an innovative method for quantifying greenhouse gas emissions from a bank's asset with a focus on loans. The authors apply an input/output database to calculate greenhouse gas (GHG) intensities and allocate them with bank's loans and investments. Moreover, the paper provides insights of calculating avoided GHG emissions initiated by a bank's investment and loans. In conclusion, a high degree of consistent and standardized assessment methods and guidelines need to be developed and applied to promote comparability and transparency.},
  language  = {en}
}