NEW YORK - HSBC Holdings Plc, Societe Generale SA, BNP Paribas SA and other banks, insurance companies and financial firms around the world moved a step closer to reducing their contributions to greenhouse-gas emissions.
Under the SBTi framework released Thursday, firms would set goals such as adjusting their mortgage financing to reduce emissions per square metre or changing electricity-generation project financing to cut emissions per kilowatt-hour. Morgan Stanley, for example, said last week it would eliminate the net carbon emissions generated by its financing activities by 2050.
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