The partnership comes at a time of strong momentum with regulatory requirements on emissions associated with financial activities reporting, following updates to the PCAF Global GHG Accounting and Reporting Standard and the introduction of the European Banking Authority Guidelines on ESG Risk Management, which require more forward-looking approaches to GHG accounting and reporting.
The partnership strengthens SAP Fioneer’s ability to support financial institutions to internalize emissions accounting, reducing reliance on manual and outsourced processes, while integrating data sourcing, calculation and reporting into existing systems. Their solution allows PCAF signatories and other financial institutions to combine internal datasets with external data sources, including emission factors found on the PCAF Database.
SAP Fioneer’s solution also supports the integration of PCAF-aligned metrics into finance, risk and credit workflows, enabling financial institutions to incorporate emissions data into processes such as lending and portfolio management.
Stefan Malchow, Head of Sales, ESG Solutions at SAP Fioneer, said: “Our partnership with PCAF reinforces our positioning as a regulatory-aligned, industry-standard solution for financed emissions accounting and climate transition management in financial institutions, built for the needs of finance and risk teams.”
Bart van Lunteren, Accredited Partner Lead at PCAF, said: “We are pleased to welcome SAP Fioneer as a regional Accredited Partner in Europe and Central Asia. This partnership supports financial institutions in applying the PCAF Standard and strengthens our global network working to advance consistent and comparable accounting of Scope 3 Category 15 emissions.”
PCAF’s Accredited Partner Program is tailored to third-party companies, including consultancies, data providers and software firms, that support financial institutions committed to using the PCAF Standard. These partners support the measurement and disclosure of emissions associated with financial activities.
About PCAF
The Partnership for Carbon Accounting Financials was launched globally in September 2019. Currently, 730+ financial institutions have subscribed to the PCAF initiative. PCAF signatories work together to jointly develop the Global GHG Accounting and Reporting Standard for the Financial Industry to measure and disclose the greenhouse gas emissions associated with their financial activities.
About SAP Fioneer ESG Solutions
SAP Fioneer ESG Solutions helps financial institutions implement PCAF-aligned carbon accounting with speed and confidence. It enables automated calculation, management, and reporting of financed emissions across loan and investment portfolios, with drill-downs to individual loans, assets, and counterparties.
Designed for finance and risk teams, the solution streamlines ESG data collection, ensures transparent and auditable methodologies, and integrates seamlessly into existing banking architectures. With insight-driven analytics, it empowers institutions to move beyond disclosure and actively manage the climate transition of their portfolios.
About SAP Fioneer
SAP Fioneer was launched in 2021 as a strategic partnership between entrepreneurial investor Dediq and global technology leader SAP SE to become the leading international digital transformation partner and provider of software solutions and platforms to the financial services industry. With a broad ecosystem of partners, over 1,200 financial services customers and more than 1,500 employees, SAP Fioneer is a global business present in 17 countries across Europe, North and Latin America, Middle East and Asia-Pacific.
By combining the speed and agility of a start-up with the proven capabilities of a best-in-class enterprise-grade software company, SAP Fioneer enables banks, insurance companies and challengers to run, transform and grow while meeting their need for speed, scalability, and cost-efficiency through digital business innovation, cloud technology, and solutions that cover banking and insurance processes end-to-end.
