I would appreciate it if you could provide some insight into an issue related to asset management companies. The bank group I represent owns 60% of an asset management subsidiary (REIT), whose financed emissions from the buildings it manages amount to X tons of CO2. According to the criteria for subsidiaries (‘asset owners with asset management business that submit at the group level must include all third-party assets’), the group’s financed emissions will be calculated as either X tons of CO2 or 60% of X tons of CO2, taking into account the proportional shares of the subsidiary? Which is the right approach?
Thanking you a lot and in advance