Tag: PCAF

PCAF welcomes 500th signatory as demand for GHG accounting drives initiative’s continued growth

Stuart Mitchell

The Partnership for Carbon Accounting Financials (PCAF) celebrates the achievement of a major milestone as it reaches 500 signatories, reflecting the international financial sector’s growing momentum towards decarbonization. The industry-led initiative experienced rapid growth following its global launch in September 2019. At that time, PCAF consisted of 55 signatories, largely made up of PCAF’s original founders and value-based banks. Responding to industry demand for a standardized GHG accounting and reporting approach, PCAF developed and published the Global GHG Accounting and Reporting Standard for the Financial Industry (“the Standard”) in 2020.…

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PCAF launches first global standard to measure and report financed emissions

Stuart Mitchell

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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