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).
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 here.
