100+ Financial institutions - $ 21+ Trillion in total assets

News and Events

News

The Partnership for Carbon Accounting Financials (PCAF) publishes Briefing for Asset Managers

The Partnership for Carbon Accounting Financials (PCAF) publishes Briefing for Asset Managers

Additional guidance for asset managers to be presented in upcoming webinar.

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The Partnership for Carbon Accounting Financials (PCAF) welcomes 100th financial institution: Royal Bank of Canada

The Partnership for Carbon Accounting Financials (PCAF) welcomes 100th financial institution: Royal Bank of Canada

PCAF doubled its global participation in less than 18 months, as total participant assets grew more than six-fold to over $21 trillion. New goal of 250 financial institutions set for year-end 2022.

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BMO Financial Group joins the Partnership for Carbon Accounting Financials

BMO Financial Group joins the Partnership for Carbon Accounting Financials

Ranked most sustainable bank in North America by the Wall Street Journal, the Dow Jones Sustainability Index and Corporate Knights, BMO is committed to measuring and disclosing the GHG emissions of its portfolio.

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PCAF and KoSIF join forces on strengthening financed emissions measurement of Korean Financial Institutions

PCAF and KoSIF join forces on strengthening financed emissions measurement of Korean Financial Institutions

This partnership aims to support financial institutions in South Korea to measure and disclose the financed emissions of their portfolios.

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Nordea joins the Partnership for Carbon Accounting Financials

Nordea joins the Partnership for Carbon Accounting Financials

Nordea takes an important step to further strengthen its work to track and measure its climate change risks and impacts by joining the industry-led Partnership for Carbon Accounting Financials (PCAF). This will support Nordea’s commitment to aligning its lending and investment portfolio to the climate goals of the Paris Agreement.

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PCAF Netherlands releases report updating progress of implementation of GHG accounting in Dutch financial industry

PCAF Netherlands releases report updating progress of implementation of GHG accounting in Dutch financial industry

Dutch banks are increasingly measuring the GHG impact of their loans and investments with PCAF.

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PCAF and VfU partner to build capacities on measuring financed emissions of financial institutions in Germany, Austria and Switzerland (DACH region)

PCAF and VfU partner to build capacities on measuring financed emissions of financial institutions in Germany, Austria and Switzerland (DACH region)

The collaboration aims to support financial institutions in Germany, Austria and Switzerland to measure and disclose the financed emissions of their portfolios.

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The Partnership for Carbon Accounting Financials (PCAF) launches first global standard to measure and report financed emissions

The Partnership for Carbon Accounting Financials (PCAF) launches first global standard to measure and report financed emissions

Global standard gives banks, asset owners and asset managers a tool for measuring and reporting greenhouse gas (GHG) emissions associated with loans and investments. With the “Built on Greenhouse Gas Protocol” mark, the PCAF Standard becomes the global reference for GHG accounting for financials.

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CTBC Financial Holding joins the Partnership for Carbon Accounting Financials

CTBC Financial Holding joins the Partnership for Carbon Accounting Financials

It is the 80th financial institution globally to join PCAF, and the first from Taiwan to do so.

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Events

Past and upcoming events

13 April -
22 April 2021

Sustainable Investment Forum Europe 2021

The 4th annual Sustainable Investment Forum Europe returns in April 2021 as a 4-part digital event series across 2 weeks.

The Forum will convene over 1,850 asset owners and investment managers, institutional investors, pension funds, banks, development banks, policymakers, think tanks and NGOs to continue to build the momentum for sustainable finance and responsible investment.

Panelists will include PCAF Program Manager Angélica Afanador and more. 

View agenda and register here
Sustainable Investment Forum Europe 2021
16 March 2021

Net Zero Finance

Part of BusinessGreen's Net Zero Festival. Net Zero Finance will bring together leading investors, asset managers, corporates, policymakers, and campaigners to explore the fast-expanding green finance sector, explore the challenges ahead, showcase success stories and examine the opportunities.

Executive Director of PCAF Giel Linthorst will be speaking at the TCFD asap panel from 9:50-10:25AM GMT on 16 March, 2021.

View agenda and register here
Net Zero Finance
15 March -
18 March 2021

The Economist Climate Risk Summit: North America 2021

The Economist’s Climate Risk Summit: North America will share insights on how business leaders can manage and mitigate the impact of physical and transition risks posed by climate change.

Chris Snyder, Climate Finance Expert at PCAF and Director at Guidehouse, will be speaking at the session, Reporting Climate Risk, at 4:00PM EST on 15 March, 2021.

View agenda and register here
The Economist Climate Risk Summit: North America 2021
2 March -
4 March 2021

Shaping the Future of Finance – Values Based Banking for a Changing World

The thirteenth annual meeting of the Global Alliance for Banking on Values, a PCAF Steering Committee member, hosted by Sunrise Banks. This year's virtual program will be full of opportunities for participants to envision the future together and take steps toward a more sustainable and equitable banking system.

Join PCAF Program Manager Angélica Afanador on 3 March, 2021, from 2:15 - 2:45PM CET for the info session "PCAF - Measuring Carbon in Finance" .

View agenda and register here
Shaping the Future of Finance – Values Based Banking for a Changing World
11 February 2021

The Climate Risk & Green Finance Regulatory Forum

Organized by City & Financial Global. PCAF's Executive Director Giel Linthorst spoke on the panel on Risk Management and Operational Resilience.

The second edition of The Climate Risk & Green Finance Regulatory Forum provided practical, detailed guidance about the steps that financial institutions need to be taking now in order to ensure that they are prepared for, and fully compliant with, the emerging regulatory environment, as well as examining the new opportunities that this seismic shift in finance will bring.

The Climate Risk & Green Finance Regulatory Forum
8 December 2020

IIF India Climate Finance Workshop

Co-hosted by the IIF and YES BANK. PCAF's Executive Director, Giel Linthorst, gave a presentation on assessing financed emissions in investment and lending portfolios.

IIF India Climate Finance Workshop
26 November 2020

D/A/CH Advanced workshop with VfU: Measurement of financed emissions from loans and investments using the PCAF method (in German)

PCAF and the VfU conducted a workshop (in German) with interested financial service providers in the DACH region which covered the measurement of financed emissions in various asset classes, while also introducing the project design of a two-year peer learning group. The workshop was intended to show interested financial service providers how to participate in the PCAF D / A / CH regional group and invite them to participate and to sign the PCAF Commitment.

Watch the recording and download the slides
D/A/CH Advanced workshop with VfU: Measurement of financed emissions from loans and investments using the PCAF method (in German)
19 November 2020

PCAF UK: Carbon accounting to drive change in the built and natural environment

PCAF UK Coalition announced their 2021 plans for implementing emissions accounting to drive change in residential property and agroforestry.

View the recorded webinar and download the workplan
PCAF UK: Carbon accounting to drive change in the built and natural environment
18 November 2020

Virtual launch of the Global GHG Accounting and Reporting Standard for the Financial Industry

PCAF hosted a launch webinar to release the first edition of the Global GHG Accounting Standard for the Financial Industry. High level speakers from the industry discussed how the Standard can be used by financial institutions to measure financed emissions.

Download the Standard and Watch the recorded Standard launch
Virtual launch of the Global GHG Accounting and Reporting Standard for the Financial Industry
13 November 2020

United States Energy Association (USEA) Virtual Press Briefing

Financed Emissions: How the Financial Industry is Addressing Climate Change. PCAF's Executive Director Giel Linthorst & PCAF Steering Committee Member Ivan Frishberg of Amalgamated Bank gave insight on the effort to measure the carbon impact of loans and investments as a building block for further climate action and on PCAF's role in this global effort.

Watch the recording
United States Energy Association (USEA) Virtual Press Briefing
9 November 2020

IIF Tokyo Climate Finance Workshop

Co-hosted by the IIF and the Norinchukin Bank. Tailored and timed for a Japanese audience, this virtual event featured panel discussions with leading executives and experts on the rapidly evolving landscape for ESG data and analytics. A presentation on assessing financed emissions in investment and lending portfolios using PCAF was given by Chris Snyder, Director at Guidehouse and Sean Wright, Executive Director of Global Sustainable Finance at Morgan Stanley.

9 November 2020

Green Horizon Summit

PCAF was invited by Mark Carney and Lord Mayor of the City of London William Russell to speak at the Green Horizon Summit's Reporting Panel. PCAF Steering Committee Member Morgan Stanley was represented by CSO Audrey Choi.

Watch a clip from the panel
Green Horizon Summit
29 September -
30 September 2020

IIF Singapore Climate Finance Workshop

Co-hosted by the IIF and the Associated Banks in SIngapore (ABS). Tailored and timed for an Asian audience, this virtual event featured panel discussions with leading executives and experts on the changing policy and regulatory backdrop. PCAF's executive director, Giel Linthorst, explained how to measure “financed emissions” in financial firms’ investment and lending portfolios.

17 September 2020

D/A/CH Workshop with VfU: Standardized measurement of financed emissions from loans and investments (in German)

Giel Linthorst and Thomas Hähl from the PCAF Secretariat held a webinar on portfolio carbon accounting together with the Verein für Umweltmanagement und Nachhaltigkeit in Finanzinstituten (VfU) e.V. with focus on the upcoming collaboration between PCAF and financial institutions from the D/A/CH region (Germany, Austria & Switzerland). Workshop held in German.

Watch the recording
D/A/CH Workshop with VfU: Standardized measurement of financed emissions from loans and investments (in German)
7 July 2020

Assessing financed emissions in Latin America

During this webinar, CDP, PCAF and ABN AMRO explained the importance of financed emissions to understand the climate impact of financial portfolios and to enable alignment with the goals of the Paris Agreement.

1 July 2020

ESG webinar series by the Institute for International Finance

Assessing Financed Emissions in Investment and Lending Portfolios. During this webinar, PCAF's executive director, Giel Linthorst, presented the progress of PCAF towards harmonizing carbon accounting, the development status of the Global Carbon Accounting Standard and its upcoming global stakeholder consultation.

Watch back the recorded webinar
ESG webinar series by the Institute for International Finance
17 June 2020

25th XBRL Europe Day Digital Week

PCAF's executive director, Giel Linthorst, presented the progress accomplished thus far by PCAF's participants on standardizing GHG emissions financed by loans and investments. He also shared how the partnerships built between PCAF and the Dutch government have increased access to higher data quality for portolio carbon accounting. Next to this, Giel presented the plans to standardizing GHG emissions dataflows based on XBRL and the relation to the EU Non-Financial Reporting Directive (NFRD).

Access the slides and watch the recorded webinar
25th XBRL Europe Day Digital Week
28 April 2020

Webinar for Latin American banks: "Enabling banks to measure climate impact to facilitate Paris alignment" (en español)

Webinar for Latin American banks "Enabling Banks to measure climate impact to facilitate Paris alignment". Organized by UNEP FI PRB and PCAF. Banks will learn how to measure their climate impact, one of the inputs required to do impact analysis and set targets. Webinar held in Spanish.

Watch the recorded webinar
Webinar for Latin American banks:
24 April 2020

Webinar for FEBRABAN's Working Group on Climate and Green Economy

Organized by FEBRABAN, the Brazilian Federation of Banks. PCAF presented the current status of the initiative and the development of the Global Carbon Accounting Standard.

13 March 2020

Webinar for the Investors for Climate in Brazil (Investidores pelo Clima - IPC)

Organized by IPC, under the leadership of Sitawi, PCAF present about the importance of harmonizing the way investors measure financed emissions and the benefits of joining PCAF.

6 March 2020

Webinar Harmonising data for finance's fight against the climate crisis

James Niven, Triodos Bank's Head of Impact Assessment, and Andrea Palmer, Product Specialist at Triodos Investment Management, provided an introduction to PCAF. This webinar explored the PCAF carbon accounting methodologies and explained why this streamlined approach is enabling financial institutions to find common ground on action against the climate crisis.

11 December 2019

Enhancing transparency and aligning financial flows with the Paris Agreement

A side event at COP25 in the EIB-Benelux Pavilion at 9:30 am. During this event, PCAF launched a new report on carbon accounting methods developed by the Dutch team. Madrid, Spain.

Past event - more information here
25 November 2019

Climate finance workshop organized by the Institute of International Finance

Hosted by AXA IM. During this event PCAF presented the carbon accounting methodology for the financial sector and the link with science-based target setting. Paris, France.

22 November 2019

Climate finance workshop organized by the Institute of International Finance

Hosted by UBS. During this event PCAF presented the carbon accounting methodology for the financial sector and the link with science-based target setting. Frankfurt, Germany.

19 November 2019

Workshop on Carbon Accounting for Financial Institutions organized by the Belgian Financial Sector Federation (Febelfin)

During this event, KBC Group, Triodos Bank and ING shared their experiences on carbon accounting. Brussels, Belgium.

5 November 2019

Permanent Dutch Representation to the EU - ‘Sustainable finance: Measuring and disclosure of carbon footprint by the financial sector’

Brussels, Belgium.

28 October 2019

PCAF North America Launch Webinar

A webinar with an overview of the methods developed by the PCAF North American team, including case studies, lessons learned and related tools.

Watch the recorded webinar
PCAF North America Launch Webinar
26 September 2019

Global Alliance for Banking on Values (GABV) North American Metrics Workshop

During this event, the PCAF secretariat held a technical workshop focused on carbon accounting methodologies. Seattle, Washington, USA.

23 September 2019

PCAF Global Launch Event

During the climate week in New York, leaders of the PCAF Steering Committee and PCAF members celebrated the initiative's global launch. New York, USA.

Past event - more information here
PCAF Global Launch Event
12 September 2019

Regional workshop on opportunities and challenges for Africa

Hosted by FirstRand, the PCAF initiative led a discussion on current trends in carbon accounting for financial institutions. The event allowed African banks to learn about PCAF methodologies and discuss opportunities and challenges of assessing the climate impact of their portfolios. Johannesburg, South Africa.

11 September 2019

Global Alliance for Banking on Values (GABV) European Metrics Workshop

During this event, the PCAF secretariat held a technical workshop focused on carbon accounting methodologies. Leeds, United Kingdom.

4 July 2019

Foro Académico de Finanzas Sostenibles (Academic Forum of Sustainable Finance)

Hosted by Triodos Bank and AFI Escuela, the forum focused on methodologies to measure the climate impact of loans and investments. Madrid, Spain.

12 June 2019

Carbon disclosure

Triodos Bank convened financial institutions from Germany to discuss about carbon accounting methodologies, share experiences of implementing PCAF and PACTA in the Netherlands, and clarify the complementarity between PCAF and PACTA approaches. Frankfurt, Germany.