Since 2015, PCAF members (i.e. commercial banks, development banks, asset owners/managers, insurance companies, etc.) have been actively collaborating to develop and implement greenhouse gas (GHG) accounting in their organizations.
All financial institutions have experienced great value in assessing and disclosing their GHG emissions of their loans and investments, as this triggers a institution-wide discussion on climate change and the role of the financial institution to facilitate the transition towards a low-carbon society.
Measuring the financed emissions of a portfolio is the foundation enabling financial institutions to perform scenario analysis, set targets, inform actions and disclose progress. These areas jointly are crucial for portfolio alignment and decarbonization.
PCAF developed the Strategic Framework for Paris Alignment to help financial institutions understand the process of Paris alignment and navigate through the cluster of climate initiatives to understand their purpose, focus, and role in each step of the journey. The Strategic Framework provides an overview of open, global and collaborative climate finance initiatives. Understanding this landscape will help financial institutions at different levels of progress to identify the most efficient support available to scale their climate efforts.
Download the Strategic Framework for Paris Alignment (PDF, 2.1 MB)
“Our experience in the Netherlands is that measuring and tracking climate impact drives concrete action and change. [...] PCAF helped us understand that our nearly 800,000 residential mortgages are one of the areas that have the highest carbon impact. With that knowledge, we now promote mortgages that incentivize customers to take energy efficiency measures. Climate action like that is not only good for business - but is a duty to our clients, the planet, and to future generations.”
Kees van Dijkhuizen, former CEO, ABN AMRO
The following 182 financial institutions have committed to measure and disclose the greenhouse gas emissions associated with their portfolio of loans and investments. Those with "Disclosed" status have reported their financed emissions in PDFs available in the "Download" column.
| Financial institution | Headquarters | Region | Category | Total financial assets in million $US (incl. lending and investments) | Status | Date joined | Date of first disclosure | Date of most recent disclosure | Download |
| 3 Bank* | Serbia | Europe | Commercial bank | 146 | Disclosed | 20190301Mar, 2019 | 20210501May, 2021 | 20210501May, 2021 |  |
| ABN AMRO | Netherlands | Europe | Commercial bank | 644,938 | Disclosed | 20151215Dec, 2015 | 20190301Mar, 2019 | 20210310Mar, 2021 | |
| ACTIAM | Netherlands | Europe | Asset owner/managers | 64,265 | Disclosed | 20151215Dec, 2015 | 20190301Mar, 2019 | 20210304Mar, 2021 | |
| AIMCo | Canada | North America | Asset owner/managers | 89,000 | Disclosed | 20201001Oct, 2020 | 20201201Dec, 2020 | 20201201Dec, 2020 | |
| APG | Netherlands | Europe | Asset owner/managers | 531,319 | Disclosed | 20151201Dec, 2015 | 20200701Jul, 2020 | 20200701Jul, 2020 | |
| ASN Bank** | Netherlands | Europe | Commercial bank | 13,336 | Disclosed | 20151201Dec, 2015 | 20180201Feb, 2018 | 20210201Feb, 2021 | |
| Aareal Bank Group | Germany | Europe | Commercial bank | 34,450 | Committed | 20210916Sep, 2021 | -- | -- | |
| Access Bank PLC | Nigeria | Africa | Commercial bank | 19,000 | Committed | 20200601Jun, 2020 | -- | -- | |
| Achmea Bank NV | Netherlands | Europe | Commercial bank | 16,975 | Disclosed | 20210311Mar, 2021 | 20210311Mar, 2021 | 20210311Mar, 2021 | |
| Achmea Investment Management | Netherlands | Europe | Asset owner/managers | 93,724 | Disclosed | 20151201Dec, 2015 | 20191201Dec, 2019 | 20201201Dec, 2020 | |
| Alternative Bank Schweiz* | Switzerland | Europe | Commercial bank | 2,407 | Disclosed | 20190301Mar, 2019 | 20210913Sep, 2021 | 20210913Sep, 2021 | |
| Amalgamated Bank* | United States | North America | Commercial bank | 16,507 | Disclosed | 20190301Mar, 2019 | 20210401Apr, 2021 | 20210401Apr, 2021 | |
| Angel Oaks Capital, LCC | United States | North America | Asset owner/managers | 22,400 | Committed | 20211118Nov, 2021 | -- | -- | |
| Argenta Bank- en Verzekeringsgroep nv | Belgium | Europe | Commercial bank | 45,857 | Committed | 20191001Oct, 2019 | -- | -- | |
| Arion Bank | Iceland | Europe | Financial services group | 19,000 | Committed | 20211020Oct, 2021 | -- | -- | |
| Aviva Investors Real Assets | United Kingdom | Europe | Asset owner/managers | 66,200 | Committed | 20210607Jun, 2021 | -- | -- | |
| BBVA | Spain | Europe | Commercial bank | 720,000 | Committed | 20210517May, 2021 | -- | -- | |
| BC Partners | United Kingdom | Europe | Asset owner/managers | 42,200 | Committed | 20211025Oct, 2021 | -- | -- | |
| BKS Bank AG | Austria | Europe | Commercial bank | 14,218 | Committed | 20210611Jun, 2021 | -- | -- | |
| BMO Financial Group | Canada | North America | Commercial bank | 712,795 | Committed | 20210111Jan, 2021 | -- | -- | |
| BNG Bank | Netherlands | Europe | Commercial bank | 157,523 | Committed | 20190501May, 2019 | -- | -- | |
| BRAC Bank* | Bangladesh | Asia-Pacific | Commercial bank | 4,283 | Committed | 20190301Mar, 2019 | -- | -- | |
| BTG Pactual | Brazil | Latin America | Financial services group | 47,100 | Committed | 20210621Jun, 2021 | -- | -- | |
| Banca Ética* | Italy | Europe | Commercial bank | 2,946 | Disclosed | 20190301Mar, 2019 | 20200501May, 2020 | 20210920Sep, 2021 | |
| Banco Bradesco S.A. | Brazil | Latin America | Commercial bank | 598,000 | Disclosed | 20200701Jul, 2020 | 20210301Mar, 2021 | 20210301Mar, 2021 | |
| Banco Pichincha | Ecuador | Latin America | Commercial bank | 10,664 | Committed | 20190801Aug, 2019 | -- | -- | |
| Banco Popular* | Honduras | Latin America | Commercial bank | 110 | Committed | 20200501May, 2020 | -- | -- | |
| Banco Promerica de Costa Rica, S.A. | Costa Rica | Latin America | Commercial bank | 2,000 | Committed | 20210203Feb, 2021 | -- | -- | |
| Banco Santander | Spain | Europe | Commercial bank | 1,229,168 | Committed | 20210913Sep, 2021 | -- | -- | |
| Banco de Galicia y Buenos Aires S.A.U. | Argentina | Latin America | Commercial bank | 11 | Committed | 20210616Jun, 2021 | -- | -- | |
| BancoSol* | Bolivia | Latin America | Commercial bank | 1,993 | Committed | 20190301Mar, 2019 | -- | -- | |
| Bank Muamalat* | Malaysia | Asia-Pacific | Commercial bank | 5,349 | Committed | 20200301Mar, 2020 | -- | -- | |
| Bank für Kirche und Caritas eG | Germany | Europe | Commercial bank | 6,600 | Committed | 20210611Jun, 2021 | -- | -- | |
| Bank of America | United States | North America | Commercial bank | 2,434,079 | Committed | 20200701Jul, 2020 | -- | -- | |
| Bank of Ireland Group plc | Republic of Ireland | Europe | Commercial bank | 177,000 | Committed | 20210923Sep, 2021 | -- | -- | |
| Banpro, Grupo Promerica | Nicaragua | Latin America | Commercial bank | 2,099 | Committed | 20210412Apr, 2021 | -- | -- | |
| Barclays | United Kingdom | Europe | Financial services group | 1,505,102 | Committed | 20201101Nov, 2020 | -- | -- | |
| Basler Kantonalbank | Switzerland | Europe | Commercial bank | 54,708 | Committed | 20210226Feb, 2021 | -- | -- | |
| BayernLB | Germany | Europe | Commercial bank | 304,500 | Committed | 20210621Jun, 2021 | -- | -- | |
| Belfius Bank SA/NV | Belgium | Europe | Financial services group | 376,900 | Committed | 20211012Oct, 2021 | -- | -- | |
| Beneficial State Bank* | United States | North America | Commercial bank | 1,011 | Disclosed | 20190301Mar, 2019 | 20210614Jun, 2021 | 20210614Jun, 2021 | |
| Berner Kantonalbank AG BEKB | Switzerland | Europe | Commercial bank | 44,332 | Committed | 20200901Sep, 2020 | -- | -- | |
| BlackRock | United States | North America | Asset owner/managers | 9,007,411 | Committed | 20210504May, 2021 | -- | -- | |
| Boston Common Asset Management | United States | North America | Asset owner/managers | 2,700 | Committed | 20190301Mar, 2019 | -- | -- | |
| CDC Group | United Kingdom | Europe | Development bank | 6,438 | Committed | 20200801Aug, 2020 | -- | -- | |
| CIBC | Canada | North America | Commercial bank | 577,900 | Committed | 20210224Feb, 2021 | -- | -- | |
| CIMB Group Holdings Berhad | Malaysia | Asia-Pacific | Commercial bank | 143,500 | Committed | 20210907Sep, 2021 | -- | -- | |
| CTBC Financial Holding | Taiwan, China | Asia-Pacific | Commercial bank | 213,496 | Disclosed | 20201001Oct, 2020 | 20210701Jul, 2021 | 20210701Jul, 2021 | |
| Caisse d’économie solidaire Desjardins* | Canada | North America | Commercial bank | 780 | Disclosed | 20191001Oct, 2019 | 20200901Sep, 2020 | 20210501May, 2021 | |
| Caixabank, S.A. | Spain | Europe | Commercial bank | 551,486 | Committed | 20210707Jul, 2021 | -- | -- | |
| Cardano | United Kingdom | Europe | Asset owner/managers | 200,000 | Committed | 20201101Nov, 2020 | -- | -- | |
| Charity Bank* | United Kingdom | Europe | Commercial bank | 0.4 | Committed | 20210622Jun, 2021 | -- | -- | |
| Citi | United States | North America | Investment bank | 1,951,158 | Committed | 20200801Aug, 2020 | -- | -- | |
| Clearwater Credit Union* | United States | North America | Commercial bank | 524 | Committed | 20190301Mar, 2019 | -- | -- | |
| Coastal Enterprises, Inc. (CEI) | United States | North America | Development bank | 107 | Committed | 20190901Sep, 2019 | -- | -- | |
| Comerica, Inc | United States | North America | Commercial bank | 114,700 | Committed | 20200801Aug, 2020 | -- | -- | |
| Cooperativa Abaco* | Peru | Latin America | Commercial bank | 393 | Committed | 20190301Mar, 2019 | -- | -- | |
| Cooperative Bank of Karditsa Coop.L.L.* | Greece | Europe | Commercial bank | 115 | Committed | 20190301Mar, 2019 | -- | -- | |
| Coopeservidores R.L. | Costa Rica | Latin America | Commercial bank | 1,149 | Committed | 20210619Jun, 2021 | -- | -- | |
| Corporacion Interamericana para el Financiamiento de Infrastructura (CIFI) | Panama | Latin America | Investment bank | 480 | Committed | 20211012Oct, 2021 | -- | -- | |
| Crédit Coopératif* | France | Europe | Commercial bank | 31,836 | Committed | 20190301Mar, 2019 | -- | -- | |
| Crédito Agrícola | Portugal | Europe | Commercial bank | 28 | Committed | 20211026Oct, 2021 | -- | -- | |
| Cultura Sparebank* | Norway | Europe | Commercial bank | 123 | Committed | 20190901Sep, 2019 | -- | -- | |
| DGB Financial Group | Republic of Korea | Asia-Pacific | Financial services group | 78,968 | Committed | 20210917Sep, 2021 | -- | -- | |
| Danske Bank A/S | Denmark | Europe | Commercial bank | 799,600 | Disclosed | 20200501May, 2020 | 20210601Jun, 2021 | 20210601Jun, 2021 | |
| De Volksbank | Netherlands | Europe | Commercial bank | 69,819 | Disclosed | 20151201Dec, 2015 | 20190301Mar, 2019 | 20210301Mar, 2021 | |
| Desjardins Group | Canada | North America | Financial services group | 331,000 | Committed | 20201101Nov, 2020 | -- | -- | |
| Deutsche Bank AG | Germany | Europe | Commercial bank | 1,600,000 | Committed | 20210301Mar, 2021 | -- | -- | |
| Deutsche Kreditbank AG** | Germany | Europe | Commercial bank | 132,610 | Committed | 20210610Jun, 2021 | -- | -- | |
| EIG Global Energy Partners | United States | North America | Asset owner/managers | 21,900 | Disclosed | 20201223Dec, 2020 | 20210928Sep, 2021 | 20210928Sep, 2021 | |
| ESAF Small Finance Bank* | India | Asia-Pacific | Commercial bank | 725 | Committed | 20190301Mar, 2019 | -- | -- | |
| Ecology Building Society* | United Kingdom | Europe | Commercial bank | 226 | Disclosed | 20190301Mar, 2019 | 20210301Mar, 2021 | 20210301Mar, 2021 | |
| Edekabank | Germany | Europe | Commercial bank | 3,654 | Committed | 20210518May, 2021 | -- | -- | |
| Ekobanken* | Sweden | Europe | Commercial bank | 108 | Disclosed | 20190301Mar, 2019 | 20210831Aug, 2021 | 20210831Aug, 2021 | |
| Erste Group Bank AG | Austria | Europe | Commercial bank | 340,400 | Committed | 20210629Jun, 2021 | -- | -- | |
| Evangelische Bank eG | Germany | Europe | Commercial bank | 9,589 | Committed | 20201217Dec, 2020 | -- | -- | |
| Evenlode Investment | United Kingdom | Europe | Asset owner/managers | 6,600 | Disclosed | 20210301Mar, 2021 | 20210401Apr, 2021 | 20210401Apr, 2021 | |
| Export Development Canada | Canada | North America | Export credit agency | 84,900 | Committed | 20210709Jul, 2021 | -- | -- | |
| FAMA Investimentos | Brazil | Latin America | Asset owner/managers | 450 | Committed | 20211027Oct, 2021 | -- | -- | |
| FMO | Netherlands | Europe | Development bank | 8,544 | Disclosed | 20151201Dec, 2015 | 20200301Mar, 2020 | 20210301Mar, 2021 | |
| Fifth Third Bank | United States | North America | Commercial bank | 205,000 | Committed | 20210323Mar, 2021 | -- | -- | |
| FinDev Canada | Canada | North America | Development bank | 181 | Committed | 20210301Mar, 2021 | -- | -- | |
| FirstRand Group Ltd. | South Africa | Africa | Financial services group | 111,000 | Committed | 20190701Jul, 2019 | -- | -- | |
| Freie Gemeinschaftsbank Genossenschaft* | Switzerland | Europe | Commercial bank | 375 | Committed | 20210219Feb, 2021 | -- | -- | |
| GLS Bank* | Germany | Europe | Commercial bank | 7,778 | Committed | 20190301Mar, 2019 | -- | -- | |
| Grupo Bancolombia | Colombia | Latin America | Commercial bank | 67,000 | Committed | 20200601Jun, 2020 | -- | -- | |
| HSBC Holdings PLC | United Kingdom | Europe | Commercial bank | 2,984,164 | Committed | 20210302Mar, 2021 | -- | -- | |
| Hamburg Commercial Bank AG | Germany | Europe | Commercial bank | 41,341 | Committed | 20210618Jun, 2021 | -- | -- | |
| Hana Financial Group | Republic of Korea | Asia-Pacific | Commercial bank | 448,300 | Committed | 20210903Sep, 2021 | -- | -- | |
| Hannon Armstrong | United States | North America | Commercial bank | 6,200 | Committed | 20200901Sep, 2020 | -- | -- | |
| Hanwha Asset Management | Republic of Korea | Asia-Pacific | Asset owner/managers | 84,500 | Committed | 20210621Jun, 2021 | -- | -- | |
| Hg | United Kingdom | Europe | Asset owner/managers | 40,000 | Committed | 20211110Nov, 2021 | -- | -- | |
| IGM Financial | Canada | North America | Asset owner/managers | 214,800 | Committed | 20211110Nov, 2021 | -- | -- | |
| Industrial Bank of Korea | Republic of Korea | Asia-Pacific | Commercial bank | 350,912 | Committed | 20210329Mar, 2021 | -- | -- | |
| International Business of Federated Hermes | United Kingdom | Europe | Asset owner/managers | 605,800 | Committed | 20200901Sep, 2020 | -- | -- | |
| Invest - NL | Netherlands | Europe | Investment bank | 1,700 | Committed | 20200801Aug, 2020 | -- | -- | |
| Investec | South Africa | Africa | Investment bank | 63,100 | Committed | 20200501May, 2020 | -- | -- | |
| Investec plc | United Kingdom | Europe | Investment bank | 63,100 | Committed | 20200801Aug, 2020 | -- | -- | |
| Invoice Cash IFN SA | Romania | Europe | Asset owner/managers | 20 | Committed | 20210106Jan, 2021 | -- | -- | |
| Islandsbanki hf. | Iceland | Europe | Commercial bank | 9,400 | Committed | 20201001Oct, 2020 | -- | -- | |
| Itaú Unibanco | Brazil | Latin America | Commercial bank | 388,500 | Disclosed | 20210301Mar, 2021 | 20210401Apr, 2021 | 20210401Apr, 2021 | |
| JB Financial Group CO., LTD | Republic of Korea | Asia-Pacific | Financial services group | 45,000 | Committed | 20211102Nov, 2021 | -- | -- | |
| JGP | Brazil | Latin America | Asset owner/managers | 4,734 | Committed | 20211011Oct, 2021 | -- | -- | |
| KB Financial Group | Republic of Korea | Asia-Pacific | Financial services group | 561,331 | Disclosed | 20210319Mar, 2021 | 20210729Jul, 2021 | 20210729Jul, 2021 | |
| KBC Group | Belgium | Europe | Financial services group | 325,116 | Disclosed | 20190901Sep, 2019 | 20200301Mar, 2020 | 20210301Mar, 2021 | |
| KCB Bank Kenya Limited | Kenya | Africa | Commercial bank | 7,013 | Committed | 20190801Aug, 2019 | -- | -- | |
| LAPO Microfinance Bank Limited* | Nigeria | Africa | Commercial bank | 189 | Committed | 20190301Mar, 2019 | -- | -- | |
| LGT Private Banking | Liechtenstein | Europe | Commercial bank | 179,000 | Committed | 20210527May, 2021 | -- | -- | |
| Landsbankinn | Iceland | Europe | Commercial bank | 14,689 | Disclosed | 20190901Sep, 2019 | 20210601Jun, 2021 | 20210601Jun, 2021 | |
| Leeds Building Society | United Kingdom | Europe | Commercial bank | 29 | Committed | 20211021Oct, 2021 | -- | -- | |
| Liberty Mutual Insurance | United States | North America | Insurance | 94,000 | Committed | 20210825Aug, 2021 | -- | -- | |
| Lloyds Banking Group | United Kingdom | Europe | Financial services group | 1,079,625 | Disclosed | 20200901Sep, 2020 | 20210401Apr, 2021 | 20210401Apr, 2021 | |
| Luminor Bank AS | Estonia | Europe | Commercial bank | 16 | Committed | 20210709Jul, 2021 | -- | -- | |
| MN | Netherlands | Europe | Asset owner/managers | 148,921 | Disclosed | 20151201Dec, 2015 | 20200501May, 2020 | 20200501May, 2020 | |
| MagNet Hungarian Community Bank* | Hungary | Europe | Commercial bank | 419 | Committed | 20190301Mar, 2019 | -- | -- | |
| Merkur Cooperative Bank* | Denmark | Europe | Commercial bank | 555 | Disclosed | 20190301Mar, 2019 | 20210315Mar, 2021 | 20210315Mar, 2021 | |
| Metrics Credit Partners Pty Ltd | Australia | Australia | Asset owner/managers | 6,500 | Committed | 20211129Nov, 2021 | -- | -- | |
| Mitsubishi UFJ Financial Group, Inc. | Japan | Asia-Pacific | Financial services group | 3,260,000 | Committed | 20210804Aug, 2021 | -- | -- | |
| Mizuho Financial Group, Inc. | Japan | Asia-Pacific | Financial services group | 2,037,447 | Disclosed | 20210617Jun, 2021 | 20210621Jun, 2021 | 20210621Jun, 2021 | |
| Morgan Stanley | United States | North America | Investment bank | 947,795 | Committed | 20200701Jul, 2020 | -- | -- | |
| Münchener Verein Versicherung | Germany | Europe | Insurance | 9,000 | Committed | 20210630Jun, 2021 | -- | -- | |
| NATIONAL-BANK AG | Germany | Europe | Commercial bank | 10,700 | Committed | 20210624Jun, 2021 | -- | -- | |
| NIBC Holding N.V. | Netherlands | Europe | Commercial bank | 21,500 | Disclosed | 20191001Oct, 2019 | 20200701Jul, 2020 | 20210701Jul, 2021 | |
| NMB Bank* | Nepal | Asia-Pacific | Commercial bank | 945 | Committed | 20190301Mar, 2019 | -- | -- | |
| NN Group | Netherlands | Europe | Insurance | 230,000 | Disclosed | 20151201Dec, 2015 | 20190301Mar, 2019 | 20210301Mar, 2021 | |
| NWB | Netherlands | Europe | Promotional bank | 95,900 | Disclosed | 20190101Jan, 2019 | 20200101Jan, 2020 | 20210301Mar, 2021 | |
| Nabil Bank | Nepal | Asia-Pacific | Commercial bank | 1,552 | Committed | 20210125Jan, 2021 | -- | -- | |
| NatWest Group | United Kingdom | Europe | Commercial bank | 998,900 | Disclosed | 20200701Jul, 2020 | 20210201Feb, 2021 | 20210201Feb, 2021 | |
| National Bank of Canada | Canada | North America | Commercial bank | 315,000 | Committed | 20210420Apr, 2021 | -- | -- | |
| Nationwide Building Society | United Kingdom | Europe | Commercial bank | 323,540 | Disclosed | 20210520May, 2021 | 20211203Dec, 2021 | 20211203Dec, 2021 | |
| Natural Capital Investment Fund, Inc. | United States | North America | Development bank | 60 | Committed | 20210614Jun, 2021 | -- | -- | |
| Nissay Asset Management Corporation | Japan | Asia-Pacific | Asset owner/managers | 280,000 | Disclosed | 20210629Jun, 2021 | 20211203Dec, 2021 | 20211203Dec, 2021 | |
| Nomura Asset Management Co., Ltd. | Japan | Asia-Pacific | Asset owner/managers | 591,000 | Committed | 20210820Aug, 2021 | -- | -- | |
| Nordea Bank Abp | Finland | Europe | Commercial bank | 670,000 | Committed | 20201216Dec, 2020 | -- | -- | |
| Oberbank AG | Austria | Europe | Commercial bank | 30 | Committed | 20210923Sep, 2021 | -- | -- | |
| PIDG - The Private Infrastructure Development Group Ltd | United Kingdom | Europe | Development bank | 1,437 | Disclosed | 20210223Feb, 2021 | 20210601Jun, 2021 | 20210601Jun, 2021 | |
| PNC Financial Services | United States | North America | Commercial bank | 791,000 | Committed | 20210407Apr, 2021 | -- | -- | |
| Phoenix Group | United Kingdom | Europe | Insurance | 430,000 | Committed | 20210521May, 2021 | -- | -- | |
| PostFinance AG | Switzerland | Europe | Commercial bank | 86,800 | Committed | 20210428Apr, 2021 | -- | -- | |
| ProCredit Group | Germany | Europe | Commercial bank | 8,735 | Committed | 20210730Jul, 2021 | -- | -- | |
| Produbanco | Ecuador | Latin America | Commercial bank | 4,769 | Committed | 20190901Sep, 2019 | -- | -- | |
| RNHB B.V. | Netherlands | Europe | Financial services group | 4,029 | Committed | 20210816Aug, 2021 | -- | -- | |
| Rabobank | Netherlands | Europe | Commercial bank | 676,374 | Disclosed | 20151201Dec, 2015 | 20180901Sep, 2018 | 20200901Sep, 2020 | |
| Raiffeisen Switzerland Cooperative | Switzerland | Europe | Commercial bank | 256,600 | Committed | 20201218Dec, 2020 | -- | -- | |
| Raise Green, Inc. | United States | North America | Asset owner/managers | 3 | Committed | 20210622Jun, 2021 | -- | -- | |
| Rizal Commercial Banking Corporation | Philippines | Asia-Pacific | Commercial bank | 15,873 | Committed | 20210906Sep, 2021 | -- | -- | |
| Robeco | Netherlands | Europe | Asset owner/managers | 191,306 | Disclosed | 20151201Dec, 2015 | 20210401Apr, 2021 | 20210401Apr, 2021 | |
| Royal Bank of Canada | Canada | North America | Commercial bank | 1,200,000 | Committed | 20210225Feb, 2021 | -- | -- | |
| SAC Apoyo Integral, S.A.* | El Salvador | Latin America | Commercial bank | 143 | Committed | 20190301Mar, 2019 | -- | -- | |
| SBAB Bank | Sweden | Europe | Commercial bank | 47,184 | Committed | 20210913Sep, 2021 | -- | -- | |
| Scotiabank (The Bank of Nova Scotia) | Canada | North America | Commercial bank | 853,000 | Committed | 20210324Mar, 2021 | -- | -- | |
| Self-Help Credit Union and Ventures Fund | United States | North America | Commercial bank | 2,700 | Committed | 20190901Sep, 2019 | -- | -- | |
| Shinhan Financial Group | Republic of Korea | Asia-Pacific | Financial services group | 494,800 | Committed | 20201101Nov, 2020 | -- | -- | |
| SpareBank 1 SR-Bank ASA | Norway | Europe | Commercial bank | 34,800 | Committed | 20210916Sep, 2021 | -- | -- | |
| SpareBank 1 Østlandet | Norway | Europe | Commercial bank | 15,000 | Disclosed | 20201201Dec, 2020 | 20210301Mar, 2021 | 20210301Mar, 2021 | |
| Sparebanken Sør | Norway | Europe | Commercial bank | 17,000 | Committed | 20211110Nov, 2021 | -- | -- | |
| Starling Bank Limited | United Kingdom | Europe | Commercial bank | 9,500 | Committed | 20210922Sep, 2021 | -- | -- | |
| Stichting Pensioenfonds Metaal en Techniek (PMT)** | Netherlands | Europe | Asset owner/managers | 90,719 | Disclosed | 20151201Dec, 2015 | 20200501May, 2020 | 20200501May, 2020 | |
| Stichting Pensioenfonds van de Metalektro (PME)** | Netherlands | Europe | Asset owner/managers | 55,857 | Disclosed | 20151201Dec, 2015 | 20200501May, 2020 | 20200501May, 2020 | |
| Sumitomo Life Insurance Company | Japan | Asia-Pacific | Asset owner/managers | 371,100 | Disclosed | 20210831Aug, 2021 | 20211001Oct, 2021 | 20211001Oct, 2021 | |
| Sumitomo Mitsui Financial Group, Inc. | Japan | Asia-Pacific | Commercial bank | 2,123,080 | Committed | 20211013Oct, 2021 | -- | -- | |
| Sunrise Banks* | United States | North America | Commercial bank | 1,132 | Committed | 20190301Mar, 2019 | -- | -- | |
| Svenska Handelsbanken publ. | Sweden | Europe | Financial services group | 478,000 | Committed | 20211018Oct, 2021 | -- | -- | |
| Swiss Re | Switzerland | Europe | Insurance | 183,000 | Committed | 20211020Oct, 2021 | -- | -- | |
| TD Bank Group | Canada | North America | Commercial bank | 1,265,962 | Committed | 20201101Nov, 2020 | -- | -- | |
| TSB Bank Plc | United Kingdom | Europe | Commercial bank | 56 | Committed | 20210617Jun, 2021 | -- | -- | |
| Triodos Bank* | Netherlands | Europe | Commercial bank | 17,793 | Disclosed | 20151201Dec, 2015 | 20180301Mar, 2018 | 20210301Mar, 2021 | |
| Truist Financial Corporation | United States | North America | Commercial bank | 522,000 | Committed | 20211013Oct, 2021 | -- | -- | |
| U.S. Bank | United States | North America | Commercial bank | 841,000 | Committed | 20211203Dec, 2021 | -- | -- | |
| UmweltBank* | Germany | Europe | Commercial bank | 4,235 | Disclosed | 20190301Mar, 2019 | 20200401Apr, 2020 | 20210406Apr, 2021 | |
| VSECU* | United States | North America | Commercial bank | 1,118 | Committed | 20190301Mar, 2019 | -- | -- | |
| Van Lanschot Kempen | Netherlands | Europe | Asset owner/managers | 92,789 | Disclosed | 20151201Dec, 2015 | 20190201Feb, 2019 | 20210201Feb, 2021 | |
| Vancity* | Canada | North America | Commercial bank | 27,249 | Disclosed | 20190301Mar, 2019 | 20210501May, 2021 | 20210501May, 2021 | |
| Varma Mutual Pension Insurance Company | Finland | Europe | Asset owner/managers | 63,958 | Committed | 20211122Nov, 2021 | -- | -- | |
| Verity Credit Union* | United States | North America | Commercial bank | 587 | Committed | 20190301Mar, 2019 | -- | -- | |
| Vermont Community Loan Fund | United States | North America | Development bank | 43 | Disclosed | 20191201Dec, 2019 | 20201201Dec, 2020 | 20201201Dec, 2020 | |
| Virgin Money UK PLC | United Kingdom | Europe | Commercial bank | 109,118 | Committed | 20201101Nov, 2020 | -- | -- | |
| Visión Banco* | Paraguay | Latin America | Commercial bank | 1,156 | Committed | 20190301Mar, 2019 | -- | -- | |
| Woori Financial Group | Republic of Korea | Asia-Pacific | Financial services group | 525,900 | Committed | 20210820Aug, 2021 | -- | -- | |
| XacBank* | Mongolia | Asia-Pacific | Commercial bank | 1,174 | Committed | 20190301Mar, 2019 | -- | -- | |
| a.s.r. | Netherlands | Europe | Insurance | 67,587 | Disclosed | 20151215Dec, 2015 | 20190301Mar, 2019 | 20210315Mar, 2021 | |
| bunq | Netherlands | Europe | Commercial bank | 1,000 | Disclosed | 20210301Mar, 2021 | 20210501May, 2021 | 20210501May, 2021 | |
| Total 182 institutions | Total financial assets: $ 56.0 Trillion | ||||||||
*) These banks are members of the Global Alliance for Banking Values (GABV) and have committed under their 3C Initiative to measure and disclose the carbon footprint of their loans and investments. Source: GABV (2019), Climate Change Commitment, 4 March.
**) PMT and PME are managed by MN. Therefore, the total financial assets of the group of institutions in the table do not count the assets of PMT and PME, as these are already counted in the assets of MN.
ASN Bank is part of de Volksbank. Assets of ASN Bank are not counted in the total.
Deutsche Kreditbank AG is part of BayernLB. Assets of DKB are not counted in the total.
Achmea Investment Management is aware of the important role that the investment community plays in combatting climate change and achieving the ambitious objectives of the energy transition. We accept our responsibility to engage with the companies that we invest in and are committed to support measures to enable clarity about the footprint of our investments. Our participation in PCAF has been a valuable opportunity to learn and at the same time be at the forefront of carbon footprinting for financial institutions.
Rogier Krens, CIO Achmea Investment Management
Please click in any asset class below to find out more about how financial institutions have measured the greenhouse gas emissions associated with the specific asset class.
