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

UTRECHT, NETHERLANDS – 28 November 2022 – Today, PCAF Netherlands (PCAF NL) published its latest report, "Updates from implementing the greenhouse gas (GHG) accounting for the financial sector in the Netherlands". Led by the PCAF Secretariat, the group’s participants supported the development of the latest report by sharing their insights on implementing the accounting methods with other interested parties to encourage others to adopt GHG accounting as a positive step towards a low-carbon economy.

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PCAF NL has published multiple reports over recent years, which ultimately led to the development of the first edition of the PCAF Global GHG Accounting and Reporting Standard for the Financial Industry (the Standard). This latest PCAF NL publication provides insights into how PCAF NL participants use the Standard, what they consider to be the key benefits of measuring and disclosing emissions associated with financial activities, and what they find to be the main challenges.

The group finds that measuring and disclosing emissions associated with financial activities using the PCAF Standard by the PCAF NL participants holds signgificant benefits and is used as the start of the Paris alignment value chain for financial institutions. Benefits include increased comparability amongst similar asset classes and to fulfil reporting requirements such as Pillar 3 as set forth by the European Banking Authority (EBA). Main challenges discussed in the report are the measurement of Scope 3 emissions, the alignment of reported and actual emissions, and the lack of availability of energy usage data on the individual property level.