Utrecht, 10th February 2025: The Partnership for Carbon Accounting Financials (PCAF) today announces its partnership with Software as a Service (SaaS) -Solution Climcycle. Following the accreditation process, the Vienna based organisation will become a PCAF Accredited Partner in Europe and Central Asia.
PCAF’s accredited partner programme is a cornerstone of its mission to support organisations at the forefront of guiding financial institutions towards a more sustainable and equitable global economy. Among other benefits, partners have access to the PCAF Database and ongoing support with the practical application of the PCAF Standard.
Founded by former employees of KPMG Austria, Climcycle provides its clients, who are largely in the banking sector, with SaaS solutions designed to navigate ESG reporting requirements. Specialising in loan portfolio analysis its easy-to-use-solution enables businesses to accurately calculate their financed emissions.
“Climcycle support their clients with ESG compliance and reporting solutions, so we’re really pleased to welcome them on their journey to becoming a regional accredited partner. Working with innovative businesses is key to supporting financial institutions drive progress towards a more sustainable and equitable global economy."
Bart van Lunteren, Accredited Partner Lead, PCAF
“We are very proud to be a regional partner of PCAF for Europe and Central Asia and pleased that we will have the ability to integrate its insights to further bolster our ability to help our clients navigate the requirements of the EU Taxonomy, EBA guidelines for ESG risk management, and CSRD-Reporting. Our partnership with PCAF will empower us to further enhance our offering, providing great value to our clients on their journey to a carbon neutral economy.”
Nina Kaiser, Head of Financed CO2 Emissions, Climcycle
ENDS
About PCAF
The Partnership for Carbon Accounting Financials (PCAF) was launched globally in September 2019. Currently, more than 570 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 subsequently assess climate-related risks, set climate targets and develop effective strategies to decarbonize their portfolios.
Climcycle
Climcycle is a leading SaaS-Solution for regulatory ESG requirements based in Vienna, Austria. With a focus on the banking sector, it enables its users to fulfill all requirements along the lifecycle of a loan or an investment. As part of it, Climcycle assesses the financed emissions according to PCAF standards.
We combine highly skilled IT-developers with decades of audit-experience to provide a modern, cost-efficient, and audit-proof solution for the requirements of the EU Green Deal. More than 100 financial institutions already trust in Climcycle.
