What is the difference between a portfolio carbon footprint and financed emissions?

A portfolio carbon footprint refers to the total greenhouse gas emissions across Scopes 1, 2, and 3 attributable to an organisation's operations and value chain. Financed emissions, on the other hand, are a specific subset of Scope 3 emissions (Category 15) for financial institutions. These represent the emissions associated with the loans, investments, and other financial services a financial institution provides to its clients.