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04/07/2025
How GGRF recipients can help banks with disclosure challenge
GGRF recipients can attract investments from banks and capital providers by helping them better account for financed emissions. This article outlines unique ways GGRF recipients can design products that banks will find attractive.
Under the statutory framework, GGRF recipients are required to tap into private capital to maximize the impact of the $27 billion in federal grants from the Greenhouse Gas Reduction Fund (GGRF). Additionally, banks and capital providers want to access the pipeline of energy projects to chase returns. That begs the question: Is there a way that GGRF projects could benefit banks besides simply delivering a rate of return? One potential answer: GGRF recipients have a unique opportunity to design disclosure-ready products that can help banks better account for financed emissions to banks’ regulators, shareholders, and customers. However, banks are wary about unsubstantiated “green” claims which could open banks to accusations of greenwashing.
CohnReznick assists thousands of clients with regulatory disclosures and our team has deep expertise with various climate frameworks, such as the Greenhouse Gas Protocol (GHG Protocol), the Partnership for Carbon Accounting Financials (PCAF), the United Nations Principles for Responsible Investing (PRI), and more.
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This has been prepared for information purposes and general guidance only and does not constitute legal or professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick, its partners, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.