Today, PCAF Netherlands (PCAF NL) has 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.
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). The Netherlands chapter of PCAF consists of 29 signatories and this seventh annual report showcases the activities undertaken by signatories from the region over the last year in implementing GHG accounting in the financial sector and details PCAF Netherland's continued areas of focus in the coming years.
About The Partnership for Carbon Accounting Financials (PCAF)
The Partnership for Carbon Accounting Financials (PCAF) was launched globally in September 2019. Currently, more than 440 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.