Partnership for Carbon Accounting Financials (PCAF)

We are thrilled to introduce the three newest members of PCAF’s Board of Directors.   Justine Bolton, Carbon and Biodiversity Specialist at FirstRand, Prajna Khanna, Global Head of Sustainability at Prosus Group and Naspers Limited and Alison Vipond, Climate Specialist at Lloyds Banking Group bring decades of experience in the rapidly evolving space of climate finance to build on our industry-led initiative’s ambitious growth objectives.   Through these appointments - which were made following a rigorous process to which all PCAF signatories were invited to apply last year - we aim to further strengthen the leadership capabilities of the Board of Directors, reflect the diversity of our signatories, and ensure that PCAF's activities remain closely aligned with the needs of the international financial sector.   Read the full announcement and hear from Justine, Prajña, and Alison about their new roles here: https://lnkd.in/ezzNtCzP

Since 2021, CDP and Partnership for Carbon Accounting Financials (PCAF) have been working diligently to harmonize and streamline disclosures on financed emissions. We're excited to share the progress of our efforts and provide key updates during a webinar on Tuesday 30th July at 10am EST / 3pm BST / 4pm CEST. The webinar will feature insights from Phillip Schauer, PCAF’s Technical Assistance Lead & UK Chapter Lead, who will be joined by Sebastian O'Connor, Associate Director at CDP UK MEA Capital Markets and Manveer Gill, Senior Manager at CDP Sustainable Finance. Phillip, Sebastian and Manveer will be discussing the alignment of the PCAF Reporting Standard with the CDP Financial Services Disclosure Module, which enables financial institutions to use the same set of disclosure metrics to cover both requirements. In addition, the webinar will cover how CDP has adopted the PCAF Data Quality Scores across its emissions products, further facilitating the use of reported and modelled data within PCAF financed emissions footprints. Register to attend the webinar taking place on Tuesday 30th July at 10am EST / 3pm BST / 4pm CEST here: https://lnkd.in/dupcDfuP

In Europe, the building sector contributes to approximately 36% of the #GHGemissions. Significant actions and investments are required to mobilize the European building sector towards #netzero. Financial institutions can drive change by decarbonizing the building stock in their portfolios. Through the Financing towards net-zero buildings, funded by the Laudes Foundation, PCAF is supporting financial institutions by identifying cost effective sustainable financial products that will help achieve a net-zero emission building stock without delay. PCAF has published a report which summarizes the key findings on linking financial and non-financial products to incentivize building emissions reduction for financial institutions, the challenges related to these linkages and recommendations for the European financial sector. To find out more about PCAF Project Financing towards net-zero buildings, visit our website: https://lnkd.in/exQ4vnJP Read the full report here:

#PCAFGlobal is thrilled to welcome Prime Capital AG to our growing signatory base! PCAF aims to enhance transparency and accountability within the financial sector by providing standardized methodologies for #GHGaccounting across various asset classes. Prime Capital’s commitment to PCAF reflects its dedication to sustainable finance and responsible investment practices. If you’re interested in learning more about PCAF, visit our website here: https://lnkd.in/eB9x_9CH #sustainability #carbonaccounting #PCAF #financedemissions

Join us tomorrow at 11:30 am CEST / 3:00 pm IST for the "Measuring Emissions: The Caspian Debt Approach" webinar, featuring PCAF's Asia Pacific regional lead, Tiange Wei. Caspian committed to PCAF last year and this webinar marks the release of its first financed emission disclosure using the Standard. By sharing details of the process, challenges, and strategies used to measure its financed emissions, Caspian aims to create greater awareness among financial institutions on how to measure and report emissions using the PCAF. Tiange will be presenting on PCAF and the Standard, and exploring how financial institutions can measure the GHG emissions associated with their financial activity to ensure transparency and accountability. You can register to attend the webinar here: https://lnkd.in/ePJqt5HB

“Interoperability of disclosure standards will directly influence the effectiveness, efficiency and equity of the global response to climate change. It must remain a central part of the climate finance conversation as the world looks for ways to accelerate the transition to net zero.” PCAF’s Executive Director Angélica A.’s recent article in Sustainable Views looks at the importance of ongoing efforts to streamline and harmonize international climate-related disclosure standards to facilitate global sustainable investment and effective climate action. Read the full article here: https://lnkd.in/eC9ZJtdw #sustainability #netzero #climatefinance #climateaction

We’re delighted to celebrate Graubündner Kantonalbank (GKB) commitment to PCAF. Transparency and accountability of financial institutions’ #GHGemissions are necessary as the global economy transitions to #netzero and GKB joins our industry-led initiative where it commits to using the PCAF Standard to measure and disclosure its financed emissions.

Canada Infrastructure Bank/ Banque de l'infrastructure du Canada (CIB) is the latest signatory to join PCAF! CIB joins our industry-led initiative, made up of 490+ financial institutions from six continents, in committing to assessing and disclosing the GHG emissions associated with its financial activity.

This time last week, PCAF’s UK Chapter hosted its first session at Reset Connect – the flagship event of London Climate Action Week. We were delighted to welcome so many guests from the public to engage in important discussions around GHG accounting and demonstrate how PCAF integrates into the wider climate finance system. Nia Bell and Phillip Schauer, co-leads of the UK Chapter, led a workshop examining the challenges facing the UK's financial sector when it comes to the measurement and disclosure of GHG emissions, alongside Hetal Patel, chair of PCAF’s UK Chapter and Global Core Team. The session included the opportunity for smaller groups to discuss how these challenges are being interpreted at other financial insitutions, producing an engaging debate across the room. Prior to the workshop, the UK Chapter held its quarterly meeting in-person, allowing for the chapter's 49 signatories to share ideas and discuss new developments to the #PCAFStandard. Special thanks to Matt Bullivant, Director of Sustainability and ESG Strategy at OakNorth for presenting how his team are utilizing the Standard. If you're a financial institution based in the UK and want to work alongside your peers as the sector decarbonizes, you can find out more about becoming a signatory via our website: https://lnkd.in/gjd33wUm #LCAW2024 #FinancedEmissions #resetconnect #rcl24 #netzero #decarbonisation #sustainability

#PCAFGlobal is thrilled to welcome NIC ASIA BANK to our industry-led initiative. As one of the largest banking institutions in Nepal, NIC ASIA BANK’s commitment to ensuring the harmonized assessment and disclosure of carbon emissions associated with financial activity reflects the continued progress being made across the Asia-Pacific region when it comes to GHG accounting. Read its full announcement here: https://lnkd.in/eD-ZJtK4