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PARTNERSHIP FOR CARBON ACCOUNTING FINANCIALS
The Partnership for Carbon Accounting Financials (PCAF) was launched globally in September 2019. Currently, more than 200 banks and investors have subscribed to the PCAF initiative. PCAF participants work together to jointly develop the Global GHG Accounting and Reporting Standard for the Financial Industry to measure and disclose the greenhouse gas emissions of their loans and investments. By doing so, PCAF participants take an important step to assess climate-related risks, set targets in line with the Paris Climate Agreement and develop effective strategies to decarbonize our society.
“We’re pleased to see PCAF signatories FMO and CDC leading the development of JIM,” said Giel Linthorst, Executive Director of PCAF. “We look forward to testing and refining the JIM tool so that it can be used by PCAF signatories investing in developing countries.”
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