The report "Financial Institutions: Taking Greenhouse Gas Emmissions into Account" was commissioned and funded by the UK Department of the Environment, Food and Rural Affairs (DEFRA).
The report is part of DEFRA's research into the contribution that greenhouse gas reporting makes to the UK achieving its climate change objectives.
The report presents the results of an investigation into how financial institutions take account of environmental considerations in making investment decisions. Although the investigation did not find any evidence of environmental data being used for portfolio allocation decisions, the level of investor interest in environmental data is robust; in addition, the lobbying activities by companies and others for stronger policy measures suggest that a broad scale market movement towards environmental investing is possible. The full report can be read here and the summary can be read here.