PCAF signatories are financial institutions that collaborate to advance industry-wide GHG accounting methodologies. Together, they have built a collaborative global community grounded in shared knowledge and action.
PCAF signatories focus on the GHG emissions of financial activities (called “Scope 3 Category 15”) as they are the largest portion of a financial institution’s overall emissions. Measuring these emissions is the first step to start managing them.
PCAF provides a standard with detailed guidance and methodology for financial institutions to calculate greenhouse gases associated with their financial activities.
What defines PCAF is our mission, vision, and purpose. These drive where we are going and why our work matters.
In 2015, fourteen Dutch financial institutions founded PCAF to create a standardized methodology to measure and disclose GHG emissions associated with financial activities. This early methodology gained traction in North America in 2018, where it was adapted to the regional context.
As global interest grew, ABN AMRO, Amalgamated Bank, ASN Bank, Global Alliance for Banking on Values, and Triodos Bank decided to launch PCAF globally in 2019 with about 50 financial institutions. In 2023, PCAF became a non-profit entity with a Board of Directors.
Today, PCAF provides the leading framework for measuring Scope 3 Category 15 emissions, helping financial institutions understand and manage the GHG emissions associated with their financial activities.
PCAF is a non-profit entity with a clear governance structure and governing body via the Board of Directors.
PCAF is a non-profit entity with a Board of Directors that monitors and steers its progress. The current Board of Directors comprises the following members:
Justine is the carbon and biodiversity specialist in the Environmental, Nature & Climate Risk team at FirstRand. A driven environmental sustainability practitioner, Justine works on carbon accounting including financed emissions, portfolio alignment and climate change risks; biodiversity accounting and nature risks; and climate and nature related disclosures. Justine is the co-chair of the PCAF Africa working group, and strives to promote collaboration, learning and capacity building in fellow African financial institutions along their financed emissions and climate mitigation journeys. She brings this regional and emerging markets view to the PCAF Board to ensure that regionally specific contexts are considered in the global frameworks and methods being developed.
Dinesh Dulal works for NMB Bank Ltd, where he currently leads the Sustainable Banking Department. He is an experienced banker having worked for more than two decades in the Nepalese banking sector. Over his career, he has primarily been involved in sustainable energy project financing, including both on-grid and off-grid projects, agriculture financing, microfinancing for providing financial access to unbanked populations, and financing CSR initiatives. He is also representing NMB Bank on the board of NMB Microfinance, which is a subsidiary microfinance institution of NMB Bank focused on financial inclusion.
As Global Head of Sustainability for Naspers-Prosus group, Prajña is responsible for overseeing the transition of a diverse investment portfolio to Net Zero. Her personal experience covers multiple countries, contexts and cultures – including campaigning for an international environmental NGO, building credible integrated reporting at an international bank, financing and working with entrepreneurs in Africa and Asia on clean energy solutions and currently building a portfolio of companies all leading their own ESG journeys. In these roles she has had to bridge different contexts and regions, and stimulate exchange between several jurisdictions in building larger support for climate action and universally adopted international standards. Across all of this work, Prajña has strived to catalyze real change within the financial ecosystem.
James Niven is Chief Operations and Programs Officer at the Global Alliance for Banking on Values (GABV), a network of the world’s leading independent, values-based banks. James is a communications professional with experience in business, government and non-governmental organizations. James previously worked for the UK Home Office’s National Criminal Intelligence Service, Voluntary Service Overseas and for the British Council in New Zealand. He worked for almost 20 years at pan-European values-based bank, Triodos Bank, including as Head of Marketing and Communications in the UK, International Head of Corporate Affairs and International Head of Impact Assessment and Reporting. James was part of the group of Dutch financial institutions that first developed the PCAF methodology and, through the GABV, develop it into the international initiative it is now.
Ivan Frishberg is Chief Sustainability Officer at Amalgamated Bank where he leads impact and shareholder engagement programs. As a commercial banker, Ivan has been instrumental in rallying bank sector commitments to combat climate change. Under Ivan’s leadership, Amalgamated has taken a global leadership role at UNEP FI in developing guidance for how banks will set targets to reduce their financed emissions through the Net Zero Banking Alliance. Ivan is on the Steering Group of the NZBA and the Advisory Panel for the Glasgow Finance Alliance for Net Zero. Ivan also steered the way to make Amalgamated Bank the first U.S. bank to commit to the Science Based Targets Initiative (SBTi) and the first bank to set portfolio wide targets under the United Nations guidelines for target setting.
Alison is a climate specialist in Lloyds Banking Group’s Centre of Excellence in Environmental Sustainability which plays a pivotal role in driving sustainability ambition and practice. Her responsibilities span financed emissions, target setting, and system strategy development across Energy, Transport, Built Environment and Agriculture. Alison also actively engages with external initiatives such as NZBA and PCAF. Alison has been a long-standing supporter of PCAF since its inception and previously co-chaired the PCAF UK group. Her diverse background includes experience in financial institutions, university research and innovation, and government environmental policy. Additionally she has served as a board director and a charity trustee.
Tjeerd Krumpelman was the Global Head of Reporting, Regulations and Stakeholder Management at ABN AMRO until March 2024, where he was part of the Management Team of ABN AMRO’s Sustainability Centre of Excellence for the last decade. Tjeerd has more than 20 years’ experience in the banking sector and has been a PCAF Board member since 2019.
Peter Sandahl is the Head of Climate & Environment and the Deputy Head of Group Sustainability at Nordea Group. Peter has broad experience in shaping global standards for carbon accounting, net zero alignment and transition planning for financial institutions. Besides his role as a board member in PCAF, he is a member of the Steering Group in the UN-convened Net Zero Banking Alliance (NZBA) and has assignments in the Science Based Target initiative (SBTi) and the Glasgow Financial Alliance for Net Zero (GFANZ).
Neil leads Riyad Bank’s sustainability strategy, sustainable and transition finance, ESG reporting and disclosure, and corporate social responsibility. Since joining Riyad Bank in 2023, he has built the Bank’s sustainability function and led its engagement with PCAF. Neil brings international banking experience and a MENA perspective to the PCAF Board, with a focus on helping financial institutions embed PCAF’s methodologies and emissions data into financial decision-making and transition planning.
José Luis leads Grupo Financiero Banorte’s sustainability strategy, including the sustainable finance, decarbonization initiatives, financial inclusion, and sustainability reporting. Under his leadership, Banorte became the first financial group to report under the TNFD framework and has continued to advance its sustainable finance and climate-related initiatives. With more than 20 years of experience in the financial sector, José Luis currently serves as a member of the UNEP FI Banking Board and is also a Taskforce Member of TNFD. He brings extensive sustainability leadership experience and a valuable Latin American perspective to the PCAF board.
Dafina is a financial professional with extensive experience working across Europe and Africa. In her current role, Dafina advises the management teams of Rabobank to assess, evaluate and meet the bank's sustainability commitments, policies and regulatory requirements, especially related to climate and nature impact. Dafina ensures sustainability impact is integrated into Rabobank's planning and control cycle, incorporated in strategic decision-making, and monitored in transparent disclosure for internal and external stakeholders. Dafina’s work with PCAF has centered around striving to embed climate accounting and elevate strategic decision making.
The Global Core Team of PCAF governs the Global GHG Accounting and Reporting Standard for the Financial Industry and is made up of a diverse group of 14 members representing all regions and types of PCAF signatories to reflect PCAF’s expanding membership.
The regional implementation teams feed the development of the Global GHG Accounting and Reporting Standard for the financial industry through regional collaboration.
By clicking the pages below, you will find a description of the regional teams and access to relevant resources.
The PCAF Engagement Group for Central Banks and Other Financial Regulators is a dedicated forum established by PCAF to foster structured and ongoing dialogue with central banks and financial regulators worldwide.
Central banks and financial regulators play a pivotal role in safeguarding the stability and integrity of financial systems. As climate-related risks—physical, transition, and liability—continue to grow in scale and complexity, these institutions are uniquely positioned to act as catalysts for change. By encouraging and facilitating climate-related financial disclosures, they help manage systemic risks and support the global transition.
For more information or to express interest in joining the PCAF Engagement Group, please contact PCAF via this form.
Selection of the members of the Group
PCAF is supported by Guidehouse, a global consultancy specializing in energy, sustainability, risk, and compliance for the financial industry. Guidehouse serves as PCAF’s Secretariat, providing tools and guidance to PCAF signatories.
The Secretariat leads can be found below. If you have any questions feel free to contact the PCAF secretariat using this form.
Angélica Afanador serves as Chief Executive Officer of PCAF, leading the organisation's strategy, operations, and stakeholder engagement activities. She works closely with the Board of Directors, Secretariat, signatories, partners, and funders to advance PCAF's mission of enabling financial institutions to measure and disclose financed emissions through globally consistent GHG accounting standards. She is responsible for driving organisational development, supporting the expansion of the PCAF network, and ensuring the effective delivery of PCAF's annual objectives and strategic priorities.
Madeline Schneider is an Associate Director at Guidehouse with more than 10 years of experience in sustainable finance and energy efficiency. She advises financial institutions in designing, implementing, and reporting sustainability strategies and actions on their transition towards net-zero emissions. Madeline is the Director of Operations of the PCAF Secretariat, coordinating all activities related to regional and national implementation, partner and stakeholder management, policy alignment as well as communications and marketing.
Cara Merusi is an Associate Director at Guidehouse with extensive experience advising financial institutions on financed emissions accounting, net-zero transition planning, climate strategy and resilience. As Interim Technical Director, Cara leads the technical activities of the PCAF Secretariat and oversees the continued development and implementation of PCAF’s GHG accounting standards for financial institutions.
Bart van Lunteren is a Managing Consultant at Guidehouse where he advises large corporates and financial institutions on sustainability strategy and implementation plans. As Growth Officer, Bart oversees all activities related to regional and national implementation and accredited partners management.
Addie Fairley is a Senior Consultant at Guidehouse with more than 7 years of experience working across corporate, public, and non-profit contexts to translate complex topics in to actionable guidance. She brings extensive experience collaborating with cross-functional teams and stakeholders to drive alignment and deliver tangible impact. Addie manages communications at PCAF, elevating the challenges, successes, and lessons learned of financial institutions worldwide as they measure and manage financed emissions, helping build a global community that turns transparency into shared learning and climate action.
Arjun Ganguly is a Senior Consultant at Guidehouse where he advises financial institutions and large corporates on decarbonization pathways, and supports the development and implementation of carbon accounting solutions. Arjun leads the PCAF emissions factor database and is part of the technical assistance team.
Shannon McIlhone is a Managing Consultant at Guidehouse, where she leads engagements with financial institutions and large corporate clients on decarbonization and climate-related strategy. As the Standard Development Lead at the Partnership for Carbon Accounting Financials (PCAF), Shannon oversees the development of new greenhouse gas (GHG) accounting methods and guidance for the financial industry. Shannon also serves on the Greenhouse Gas Protocol’s Technical Working Group, contributing to the revision of the Scope 3 Corporate Standard. Her work focuses on advancing climate accountability and supporting financial institutions in aligning with global net-zero goals.
Prabina Khanal is a Senior Consultant at Guidehouse, where she supports financial institutions and other large corporates to measure and report GHG emissions, identify climate related risks, and set climate strategies for net zero transition and regulatory compliance. Prabina leads the Technical Assistance team and co-ordinates the Asia-Pacific chapter for the PCAF Secretariat.
Poppy London is a Senior Consultant at Guidehouse, where she supports commercial organizations on sustainability strategy, climate disclosures, and greenhouse gas accounting. As Accredited Partner Lead for the PCAF Secretariat, she manages the Accredited Partner Program, working with consultancies, software providers, and data providers to support the consistent implementation of the PCAF Standards.
Marco Tormen is a Managing Consultant at Guidehouse and helps financial institutions in their transition into a carbon neutral economy by 2050. Marco is the Lead on Strategic Partnerships as well as Insurance-Associated Emissions. He also co-leads PCAF activities in Europe, focusing on DACHLi, Northern, Central & Eastern Europe.
Marlene Appel is a Senior Consultant at Guidehouse where she advises financial institutions and large corporations on measuring and disclosing their GHG emissions, setting climate targets, and designing and implementing sustainability strategies to transition to net zero. Marlene leads the Policy and Regulation team at PCAF and she leads PCAF activities in Latin America & the Caribbean.
Tiange Wei is the Asia-Pacific and Greater China Lead at the Partnership for Carbon Accounting Financials (PCAF), overseeing all regional activities and stakeholder engagement. Based in Hong Kong, she brings a global perspective shaped by her international upbringing and professional experience across the UK, Europe, and Asia-Pacific. She has led two iterations of PCAF’s standard development working groups and is recognized as a technical expert on PCAF methodologies and transition finance.
Neyl Loukil-Borrás is a Senior Consultant at Guidehouse, supporting financial institutions in measuring, disclosing, and setting targets for their emissions. Drawing on his multilingual and technical expertise to support signatories across diverse linguistic contexts, he co-leads PCAF activities in Western & Southern Europe, and supports the technical assistance team.
Jonathan Rincon Lopez is a Managing Consultant at Guidehouse where he advises utilities companies, energy regulators, government institutions, and investors within the energy sector; on the economics of the energy transition, planning for climate adaptation and setting strategy to reach net-zero emissions. Jonathan is the North America regional lead and coordinator for Latin America and the Caribbean, overseeing Colombia, Mexico and the Caribbean.
Tushar Biyani is a Managing Consultant at Guidehouse, where he supports organisations in developing and delivering decarbonisation and climate strategies. Tushar leads the PCAF activities in India and the UK.
Eslam is an Associate Director at Guidehouse. He has more than 10 years of experience in preparation of sustainable development policy instruments and energy efficiency and decarbonization strategies. Eslam leads PCAF activities in the Middle East region.
Bolaji Akinola-Alli is a Managing Consultant at Guidehouse, working at the intersection of sustainable finance and the energy transition. He supports institutions across the EMEA region in developing climate-aligned solutions through expertise in strategy, change management, and sustainable business design. Bolaji leads PCAF’s regional activities in Africa and is the founder of Africa’s Big Switch podcast, where he explores bold ideas shaping the future of energy and finance on the continent.
Dagmar Ort is a Consultant at Guidehouse, where she supports financial institutions and large corporates in advancing their climate and sustainability strategies. Her work focuses on helping clients measure and disclose greenhouse gas emissions, set science-based targets, and develop robust climate transition plans. Dagmar leads PCAF activities in the Netherlands, is part of the PCAF Academy team, and co-coordinates the cross-regional working group on agriculture.
Rafael Oliveira is the Brazil Lead at Partnership for Carbon Accounting Financials (PCAF), overseeing all regional activities and stakeholder engagement. Based in São Paulo, he offers a local perspective based on is professional experience in the Brazilian financial market and his expertise in measuring financed emissions and setting climate targets. He previously was a Core Team member and co-lead of the PCAF Brazil national chapter.
