UTRECHT, NETHERLANDS – 26 September 2022- The Partnership for Carbon Accounting Financials (PCAF) is pleased to launch the final public consultation on the capital markets facilitated emissions methodology.
PCAF released the discussion paper on capital markets instruments for its initial public consultation in late 2021, mirroring the public consultation process held for the first edition of the PCAF Standard in 2020. The discussion paper aimed to highlight the importance of capital markets to facilitate the climate transition and introduce the concept of facilitated emissions. It explains the key choices necessary to develop guidelines for facilitated emissions and describes the complex challenges around making those choices. Upon receipt of feedback from external stakeholders, the PCAF Capital Markets Working Group resumed work on the development of the methodology in the beginning of 2022. After eight months of intensive collaboration, the Working Group has developed a final proposed methodology for the measurement and disclosure of facilitated emissions.
The methodology provides a suggested GHG accounting approach for the facilitation of capital markets activities. This method creates a mechanism that helps provide transparency and accountability and will enable the following:
As one of the final steps, the Working Group seeks input from external stakeholders on the proposed method and associated choices. In particular, we seek feedback from stakeholders on the proposed approaches to calculating the attribution of emissions.
About The Partnership for Carbon Accounting Financials (PCAF)
The Partnership for Carbon Accounting Financials (PCAF) was launched globally in September 2019. Currently, more than 300 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 of their loans, investments, insurance liabilities and other financial products and services. By doing so, PCAF signatories take an important step to assess climate-related risks, set targets in line with the Paris Climate Agreement, and develop effective strategies to decarbonize our society.
Learn more at: https://carbonaccountingfinancials.com
***For more information, please contact:
Executive Director, PCAF
Program Manager & Latin America Team Lead, PCAF