The Carbon Bankroll Report was released on May 17 as a collaboration among the Climate Safe Lending Network, The Outdoor Policy Outfit and Bank FWD. The collaboration made it possible to calculate the emissions generated due to a company’s cash and investments, such as cash, cash equivalents and marketable securities.
The report revealed that for several large companies, such as Alphabet (NASDAQ:GOOGL), Meta, Microsoft (NASDAQ:MSFT) and Salesforce (NYSE:CRM), the cash and investments are their largest source of emissions.