PCAF launches first global standard to measure and report financed emissions

Global standard gives banks, asset owners and asset managers a tool for measuring and reporting greenhouse gas (GHG) emissions associated with loans and investments. With the “Built on Greenhouse Gas Protocol” mark, the PCAF Standard becomes the global reference for GHG accounting for financials. The Partnership for Carbon Accounting Financials (PCAF) launched the Global GHG Accounting and Reporting Standard for the Financial Industry at a virtual event during London Climate Action Week. Banks, asset managers and asset owners now have access to a free, standardized, robust and clear way of…

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