Service Description

PCAF Partnership for Carbon Accounting Financials The Partnership for Carbon Accounting Financials (PCAF) is an industry-led partnership, formed of a coalition of industry organisations (such as ABN NAMRO, Amalgamated Bank, ASN Bank, Global Alliance for Banking on Values (GABV), and Triodos Bank) and is the global standard for financial portfolio footprinting. Who reports? Any financial institution that wishes to assess and disclose their financed emissions on a voluntary basis aligned with best practice Over 400 institutions have so far disclosed or committed to disclose their financed emissions using the PCAF standard Commercial banks: 263 Asset owner/managers: 93 Financial services groups: 35 Development banks: 22 Insurance: 20 Investment banks: T Export ort credit agencies: 4 Integrated bank-insurance groups 2 Promotional bank: 1 What is reported? This global standard is split into three parts Part A-Financed Emissions guidance to measure and dadlose emissions associated with seven asset classes: -Listed equity and corporate bond -Business loans and unlisted equity -Project finance -Commercial real estate -Mortgages Motor vehicle loans -Sovereign debt Part B-Facilitated Emissions-guidance for measuring and reporting emissions associated with capital markets issuances. Part C-Insurance-Associated Emissions-guidance for measuring and reporting emissions associated with insurance underwriting. Coming into 2024, PCAF has recently announced that it will concentrate its efforts in the following topics as a priority for methodology development: Transition finance and green finance, fluctuations in absolute GHG inventory (resulting from changes over time to the financial attribution metrics, such as EVIC); additional insurance products and secuntised and structured products VOLUNTARY EMISSIONS INTERNATIONAL Benefits Builds upon the recommendation of the GHG protocol while providing additional detailed information on (among others) Targeted Metrics that financial institutions should report agairst Methodology for calculating emissions for different asset classes. Points of control regarding the financial and environmental data that companies should retrieve. Calculating and disclosing financed emissions Enables financial institutions to Assess their climate-related transition maks in line with TUFDISSB and exposure to emission-intensive portfolios and industries Set Science-Based Targets using the SCIA methodology.