The partnership enables BDO to expand its range of services, for example by calculating emissions associated with financial activities for financial portfolios, with training and development opportunities for colleagues. By applying PCAF methodologies, BDO is also able to provide even more targeted support to companies in complying with regulatory requirements.
PCAF’s primary goal is to improve the transparency, consistency, and comparability of reporting on greenhouse gas emissions associated with financial activities . As a globally recognized standard, the PCAF methodology is widely used by leading financial institutions to assess the carbon footprint of loans, investments, financial products and services, and insurance activities.
"With PCAF, we are able to translate global standards into pragmatic and company-specific solutions for our clients. In doing so, we strengthen resilience to climate-related risks, enable a sound reassessment of portfolios and business models, and provide support in revising governance and data architectures to strengthen credible emissions measurement and reporting. In addition, results from the PCAF methodology can be used as a supplementary control variable for climate-related risk analyses and consistently integrated into existing risk management and control processes in a future-proof manner.’
Dennis Farr, Senior Manager Sustainable Finance at BDO
“We are pleased to welcome BDO Germany as an Accredited Partner. BDO’s strong expertise in sustainable finance, assurance, and regulatory reporting will support financial institutions in Germany to apply the PCAF Standard in a consistent way. This partnership strengthens our global Accredited Partner network and supports our shared goal of advancing high-quality, standardized emissions accounting across the financial sector.”
Bart van Lunteren, Accredited Partner Lead at PCAF.
BDO Germany
About BDO AG Wirtschaftsprüfungsgesellschaft
With a group turnover of 461 million euros and more than 3,250 employees BDO is ready to serve as competent partner for your company’s success at 28 offices across Germany. For audits and audit-related services, tax and business law consulting, or general advisory, BDO always provides just the right professional contacts and sustainable solutions. Personal assistance, reliability, and the highest in quality demands as well as integration into the international BDO network performance ensure services that are coordinated precisely with your individual needs.
The BDO AG Wirtschaftsprüfungsgesellschaft is a founding member of the international BDO network (1963), which has more than 94,400 employees in 169 countries and in fiscal year 2025 generated sales of 11 billion US dollars.
About PCAF
The Partnership for Carbon Accounting Financials was launched globally in September 2019. Currently, 715+ financial institutions have subscribed to the PCAF initiative. PCAF signatories work together to jointly develop the Global GHG Accounting and Reporting Standard for the Financial Industry to measure and disclose the greenhouse gas emissions associated with their financial activities.
