To continue driving the expansion of the PCAF accounting standards for the financial industry, PCAF selected members of its newly formed Global Core Team of PCAF.
The Global Core Team plays a central role in guiding the development of future standards and is composed of 15 representatives from PCAF signatories across all regions and financial institution types. As PCAF’s signatory base continues to expand globally, maintaining a breadth of perspectives, technical expertise, and regional representation within the Core Team remains essential. The selection process followed the same rigorous and transparent approach applied in previous years – PCAF is grateful to all applicants for their strong engagement and commitment.
PCAF is excited to welcome the new Global Core Team which is led by Hetal Patel of Standard Life (United Kingdom), who remains Chair.
“As PCAF’s global community of signatories continues to grow, it is essential that our standards continue to reflect the diversity, complexity, and needs of the financial sector. The newly appointed Global Core Team brings deep technical expertise, strong regional representation, and a shared commitment to advancing robust, decision-useful carbon accounting. We are grateful to all who applied and look forward to working closely with the Core Team and our broader signatory community as we continue to expand PCAF’s standards.” Angélica Afanador, Executive Director of PCAF
“I’m honored to continue serving as Chair and to welcome such a strong and diverse group of institutions to the Global Core Team. As the financial sector deepens its role measuring Scope 3 Category 15 emissions, PCAF’s work must continue to evolve—grounded in technical rigor, practical applicability, and global relevance. I look forward to collaborating closely with the Core Team and the wider PCAF community to further strengthen our standards and ensure they remain decision-useful for institutions across regions and asset classes.”
Hetal Patel, Chair of the PCAF Global Core Team
The group is made up of new and returning members, which include:
One of the Core Team’s first priorities will be to identify and prioritize areas for new standard development. Hereby, a key factor is that carbon accounting for the financial sector will remain relevantly aligned with the sector’s globally diverse set of needs. The Global Core team is also sending out a call to action and invites signatories to get involved in upcoming working groups – expect initial steps and engagement from the Global Core Team before summer 2026.