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CBAM must include manufactured products to avoid 'carbon leakage'
22 December 2022The ground-breaking carbon border adjustment mechanism (CBAM) proposed by the EU could have the unintended consequence of creating more 'carbon leakage' due to its emphasis on basic materials rather than manufactured products, according to Scope.
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ESG ratings 'need to focus on impact, not risk'
22 September 2022Amid ongoing criticism of environmental, social and governance (ESG) ratings, European credit ratings provider Scope has argued that a "paradigm shift" is needed for the industry to focus on ESG impact rather than risk - especially as they increasingly get used for 'impact' funds.