PCAF and Its Impact on the Financial Industry

Financial services companies exercise considerable influence over the carbon footprints of the companies that they lend to or invest in. And while remediating Scope 1 and 2 emissions is important, cutting Scope 3, or “financed emissions,” is recognized as the biggest contribution that the financial services industry can make to reach net zero. ​

Unaccounted emissions are exposing financial institutions to reputational and regulatory risks from increasingly climate-aware public and carbon disclosure mandates. Collecting this data can be overwhelming as financial institutions have often used proprietary methodologies and tools, resulting in incomparable and unverifiable results. Learn how the Partnership for Carbon Accounting Financials (PCAF) enables financial institutions to consistently measure and disclose the GHG emissions associated with their loan and investment portfolios and how software can dramatically help organizations reliably measure and manage their portfolio carbon footprint, assess climate-related risks, integrate a climate strategy into their organization and meet ESG reporting requirements.