350 Financial institutions - $ 87 + Trillion in total assets

News and Events

News

The Partnership for Carbon Accounting Financials (PCAF) launches the Nordic chapter

The Partnership for Carbon Accounting Financials (PCAF) launches the Nordic chapter

Co-chaired by Handelsbanken from Sweden and DNB from Norway, the PCAF Nordic chapter will promote the expansion of measurement and disclosure of emissions associated with financial activities by Nordic financial institutions.

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PCAF launches the 2nd version of the Global GHG Accounting and Reporting Standard for the Financial Industry

PCAF launches the 2nd version of the Global GHG Accounting and Reporting Standard for the Financial Industry

The 2nd version of the Standard includes an update on measuring and reporting financed emissions, a method for sovereign debt, and guidance to account for emission removals.

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PCAF Netherlands publishes 6th annual report on implementation of GHG accounting for the financial sector in the Netherlands

PCAF Netherlands publishes 6th annual report on implementation of GHG accounting for the financial sector in the Netherlands

This sixth report serves as an update to Dutch implementation activities such as key activities, benefits of measuring and disclosing emissions associated with financial activities, challenges faced, and next steps.

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The Partnership for Carbon Accounting Financials (PCAF) launches Korea coalition

The Partnership for Carbon Accounting Financials (PCAF) launches Korea coalition

Chaired by KB Financial Group, the PCAF Korea coalition will promote the expansion of measurement and disclosure of emissions associated with financial activities by Korean financial institutions.

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PCAF launches the Global GHG Accounting and Reporting Standard for Insurance-Associated Emissions

PCAF launches the Global GHG Accounting and Reporting Standard for Insurance-Associated Emissions

The Standard will allow insurance and reinsurance companies to measure and disclose GHG emissions associated with their underwriting portfolios.

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PCAF launches public consultation on Capital Markets Facilitated Emissions methodology

PCAF launches public consultation on Capital Markets Facilitated Emissions methodology

The public consultation will be open until October 21 2022.

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PCAF launches Guidance on financing the European building transition to net zero

PCAF launches Guidance on financing the European building transition to net zero

The report provides guidance on how to contribute to the net-zero journey and decarbonize building portfolios using a stepwise approach.

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Special PCAF News Update: Fall 2022

Special PCAF News Update: Fall 2022

Fall update on PCAF guidance documents and methodologies.

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PCAF launches public consultation on Global GHG Accounting and Reporting Standard for the Insurance Industry Progress Report

PCAF launches public consultation on Global GHG Accounting and Reporting Standard for the Insurance Industry Progress Report

The consultation will be open until 26 August 2022.

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Events

Past and upcoming events

30 November 2022

PCAF Knowledge exchange between financial institutions on decarbonizing building portfolios

The PCAF Secretariat hosted a knowledge exchange webinar with financial institutions sharing their experiences in the decarbonization journey of their building portfolios. This webinar showcased exemplary industry practices of financial institutions in different stages of the decarbonization process, following the launch of the PCAF Guidance on financing the net-zero building transition in September 2022. It is organized in the scope of the PCAF project Financing towards net-zero buildings.

PCAF Knowledge exchange between financial institutions on decarbonizing building portfolios
15 November 2022

PCAF Insurance- Associated Emissions Standard Virtual Launch

The Partnership for Carbon Accounting Financials (PCAF) hosted two virtual launch webinars of the PCAF Global GHG Accounting and Reporting Standard for Insurance-Associated Emissions. The virtual launch webinar featured a presentation on the first version of the Insurance-Associated Emissions Standard, including finalized attribution factors for commercial lines and personal motor portfolios.

The 9:00 CET webinar featured Marco Tormen, PCAF Europe and DACHLI Lead and Responsible Project Manager, Martin Weymann, Head Group Sustainability at Swiss Re, Daniel Eherer, Senior Sustainability Manager Commercial Insurance at Zurich Insurance Company Ltd., and Ben Carr, Analytics and Capital Modelling Director at Aviva.

The 9:00 ET | 15:00 CET webinar featured Marco Tormen, PCAF Europe and DACHLI Lead and Responsible Project Manager, Martin Weymann, Head Group Sustainability at Swiss Re, Daniel Eherer, Senior Sustainability Manager Commercial Insurance at Zurich Insurance Company Ltd., and Sheri Wilbanks, Head of GRM P&C Climate & Sustainability at AXA,

Download the Standard Here
PCAF Insurance- Associated Emissions Standard Virtual Launch
10 November 2022

Banking for Net Zero: Practical Tools for Emerging Market Financial Institutions to Accelerate Decarbonization

The Joint Impact Model Foundation and British International Investment will co-hosted a hybrid event at the COP27 Innovation Zone, Climate Action Innovation Zone at COP27 | 7-18 November (cop-27.org) in Sharm el-Sheikh. The event showcased frameworks and learning from the JIM-PCAF pilot, which helps onboard developing economy banks to use the JIM to align with the PCAF standard and a practical toolkit for investors on Transiton Finance, co-developed by academics, leading DFIs and African commercial FIs, to euqip emerging market finanical institutions with the tools to reach thier net zero ambitions. 

The 14:25-16:00 (Egypt time) hybrid event featured Eslam Mahdy, PCAF MENA Regional Lead.

Banking for Net Zero: Practical Tools for Emerging Market Financial Institutions to Accelerate Decarbonization
8 November 2022

COP 27: Financing a net zero built environment

The BuildingtoCOP Coalition hosted a hybrid event on the crucial role that the financial sector has in transitioning to net zero buildings. The session showcased leadership and best practices across actors in the finance sector in transitioning to net zero buildings, highlight the importance of data collection and taking a whole life carbon approach to financial stakeholders and the implications on property valuations, alongside demonstrating outstanding areas of action and identifying future priorities.

Madeline Schneider, Project Manager of PCAF’s Financing towards net-zero buildings, spoke on "internalizing whole-life carbon costs in investment decisions" and presented on benchmarking and target setting to ensure Paris alignment. 

COP 27: Financing a net zero built environment
10 October 2022

Virtual launch of the public consultation on GHG accounting methodology for capital markets facilitated emissions

The Partnership for Carbon Accounting Financials (PCAF) hosted a virtual launch of the public consultation on GHG accounting methodology for capital markets facilitated emissions. The virtual launch event featured keynote speakers who provided a deep dive into the proposed methodology.

Watch the Recording Here
Virtual launch of the public consultation on GHG accounting methodology for capital markets facilitated emissions
21 September 2022

Virtual launch of the PCAF Guidance on financing the European building transition to net zero

The PCAF Secretariat hosted a virtual launch of the PCAF Guidance on financing the European building transition to net zero. The virtual launch event featured Madeline Schneider, Project Manager of PCAF’s Financing towards net-zero buildings, Peter Sandahl, Head of Sustainability of Nordea Life & Pension, and Gabriel Marosi, Group Sustainability Officer of Erste Group.

The virtual launch event helped participants understand the added value of the PCAF Guidance for financial institutions, including a harmonized net-zero building definition as well as a stepwise approach towards net zero with the required effort level and speed to decarbonize building portfolios.

Watch the Recording Here
Virtual launch of the PCAF Guidance on financing the European building transition to net zero
8 September 2022

How can the Dutch insurance industry accelerate the transition to a net zero emissions economy?

An in-person event hosted by Deloitte and organized by the United Nations Environment Programme Finance Initiative (UNEP-FI) Principles for Sustainable Insurance (PSI).

Giel Linthorst, Executive Director of the PCAF Secretariat presented on the PCAF global standard to measure and disclose insurance-associated emissions. 

How can the Dutch insurance industry accelerate the transition to a net zero emissions economy?
12 July 2022

Climate Mitigation Targets Workshop Series

A series of workshops hosted by the United Nations Environment Programme Finance Initiative (UNEP-FI) Principles of Responsible Investment (PRI) for signatories of the Principles for Responsible Investment (PRI) and the Net-Zero Banking Alliance (NZBA). The webinars focused on capacity-building for those signatories that required a deeper understanding of the PCAF Standard.

Jorge Martínez-Blat, PCAF Communications, Climate Policy, and Technical Assistance Lead, delivered two workshops for Latin American banks on 12 and 13 July. Workshops for other regions to be delivered in the coming months.

Climate Mitigation Targets Workshop Series
11 July 2022

Informational webinar: Public Consultation on Progress Report on Insurance-Associated Emissions

The PCAF Insurance-Associated Emissions Working Group has launched a progress report on insurance-associated emissions for a public consultation. 

Two identical 45-minute webinars were held to provide participants with highlights of the Progress Report as well as information about how to submit feedback. The webinars featured Marco Tormen, Europe and DACHLI Regional Lead of PCAF, and Martin Weymann, Head Sustainability, Emerging & PRM at Swiss Re, and representing the chair of the PCAF Insurance-Associated Emissions Working Group. 30 minutes of presentation were followed by a 15-minute Q&A.

WATCH THE RECORDING AND ACCESS THE PUBLIC CONSULTATION HERE
Informational webinar: Public Consultation on Progress Report on Insurance-Associated Emissions
10 July 2022

HKGFA Training Series – Introduction to Partnership for Carbon Accounting Financials (PCAF)

A virtual workshop hosted by the Hong Kong Green Finance Association and co-organized with PCAF to share the importance and implementation of measuring financed emissions of a portfolio.

The webinar featured Jorge Martínez-Blat, former PCAF Communications, Climate Policy, and Technical Assistance Lead, and Tiange Wei, PCAF Asia-Pacific Regional Lead.

Watch the recording here
HKGFA Training Series – Introduction to Partnership for Carbon Accounting Financials (PCAF)
21 June 2022

The Investment Association's TCFD Forum

An online forum hosted by The Investment Association which serves as a discussion group, used for exchanging experiences, challenges and best practice related to TCFD implementation.

Angélica Afanador, PCAF Program Manager and Latin America Regional Lead, presented the approach in the PCAF Standard and conducted a Q&A session with UK asset managers, life insurers, FCA-regulated pension providers, and more.

The Investment Association's TCFD Forum
18 June -
20 June 2022

The Principles of Sustainable Insurance After 10 Years

An hybrid event hosted by the UN Principles of Sustainable Insurance (PSI) Initiative. The aim of the event was to look back at how the PSI has shaped sustainable insurance over the last 10 years and to explore how the PSI can amplify sustainable insurance in the next 10 years.

Marco Tormen, PCAF Europe and DACHLI Regional Lead, was invited to represent PCAF in person at the Swiss Re Centre for Global Dialogue in Rüschlikon, Switzerland. In the panel on State-of-the-art net-zero insurance thinking and practice, he elaborated on the progress of the upcoming GHG accounting methodologies for insurance-associated emissions.

Read event summary and watch event replay here
The Principles of Sustainable Insurance After 10 Years
29 May 2022

'Development and Practices of Global Sustainable Financial Institution and Initiatives' Forum

An online forum hosted by the Shenzhen Green Finance Association and co-organized by the Bank of China Shenzhen Branch.

Yuchen Hu, part of the PCAF Asia-Pacific Regional Team, joined the roundtable on “Finance and net zero” to present PCAF as a relevant international initiative with global development and implementation.

See the event page (in Chinese) here
'Development and Practices of Global Sustainable Financial Institution and Initiatives' Forum
17 May 2022

Is PCAF effective for carbon neutral strategies of regional financial institutions?

An online seminar hosted by the Japanese Practitioners for Banking on Values (JPBV) in collaboration with the Global Alliance for Banking on Values (GABV)

The webinar featured Tiange Wei, PCAF Asia-Pacific Regional Lead, as well as PCAF signatories and GABV members Banca Ética, Ecology Building Society, and GLS Bank, which presented case studies of how they applied the PCAF Standard to their lending and investment portfolios.

See event page here
Is PCAF effective for carbon neutral strategies of regional financial institutions?
15 May 2022

China Banking Association Expert Climate Working Group - Workshop

An invite-only webinar hosted by the China Banking Association Expert Climate Working Group, supported by WWF China

Tiange Wei, PCAF Asia-Pacific Regional Lead, presented the PCAF Standard and the importance of measuring financed emissions for financial institutions.

11 May 2022

TCFD Capacity Building Series for China: Metrics and Targets

A virtual webinar hosted by PRI China, part of a capacity building series for Chinese investors and regulators to build their knowledge and capacity on implementing and reporting on the four TCFD pillars.

Tiange Wei, PCAF Asia-Pacific Regional Lead, discussed measuring and disclosing financed emissions with PCAF as an essential way of fulfilling the Metrics and Targets pillar of TCFD for financial institutions.

Watch the whole series by PRI China here
TCFD Capacity Building Series for China: Metrics and Targets
4 May 2022

Herramienta y caso práctico para medir la huella de carbono en portafolios

An online capacity-building workshop hosted by CDP LATAM to provide training on the PCAF Standard and how financial institutions can use it to measure financed emissions of their portfolios.

Jorge Martínez-Blat, former PCAF Communications, Climate Policy, and Technical Assistance Lead, provided an overview of the PCAF Standard, the importance of GHG accounting, and technical insights into the application of the PCAF methodology.

Herramienta y caso práctico para medir la huella de carbono en portafolios
3 May 2022

Measuring and Disclosing on Financed Emissions and Target Setting

A virtual webinar hosted by CDP. Part of the 2022 Asia Pacific Capacity Building Webinar Series for Financial Institutions. This webinar introduced the Portfolio Impact section of the CDP Financial Services questionnaire.

Tiange Wei, PCAF Asia-Pacific Regional Lead, highlighted the importance of calculating financed emissions using the PCAF Global Standard.

Watch the recording here
Measuring and Disclosing on Financed Emissions and Target Setting
27 April -
12 May 2022

Workshops on application guidance on using climate change scenarios in the ORSA

A series of two workshops organized by the European Insurance and Occupational Pensions Authority (EIOPA). The workshops related to the published consultation paper on the “application guidance on using climate change scenarios in the ORSA”, which had the objectives of:

  • Engaging with industry, supervisors and associations and receive public feedback;
  • Promoting awareness of climate change risk in the insurance industry;
  • Increasing the number of ORSA reports which consider climate change as potential risk driver; and
  • Anticipating the main amendments to the document following the consultation procedure.

Marco Tormen, PCAF Europe and DACHLI Regional Lead, presented on GHG accounting using the PCAF Standard at a workshop for Non-Life Insurers on 28 April and a workshop for Life Insurers on 13 May.

Workshops on application guidance on using climate change scenarios in the ORSA