Financial institutions taking action

Since 2015, PCAF members (i.e. commercial banks, development banks, asset owners/managers, insurance companies, etc.) have been actively collaborating to develop and implement carbon 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.

Overview of institutions

The following financial institutions have committed and disclosed the greenhouse gas emissions associated with their portfolio of loans and investments. 

InstitutionHeadquartersRegionCategoryTotal financial assets
in million $US (lending and investments) in 2018		StatusDateDownload
A.S.R.NetherlandsEuropeInsurance67.587DisclosedAug, 2019PDF symbol
ABN AMRONetherlandsEuropeCommercial bank644.938DisclosedMar, 2019PDF symbol
APGNetherlandsEuropeAsset owner/managers531.319DisclosedJul, 2019PDF symbol
ASN Bank**NetherlandsEuropeCommercial bank13.336DisclosedFeb, 2019PDF symbol
Achmea Investment ManagementNetherlandsEuropeAsset owner/managers93.724DisclosedSep, 2019PDF symbol
ActiamNetherlandsEuropeAsset owner/managers64.265DisclosedMar, 2019PDF symbol
Alternative Bank Schweiz*SwitzerlandEuropeCommercial bank2.407CommittedMar, 2019
Amalgamated bank*United StatesNorth AmericaCommercial bank16.507CommittedMar, 2019
Argenta Bank- en Verzekeringsgroep nvBelgiumEuropeCommercial bank45.857CommittedOct, 2019
BNG bankNetherlandsEuropeCommercial bank157.523CommittedMay, 2019
BRAC Bank*BangladeshAsiaCommercial bank4.283CommittedMar, 2019
Banca Etica*ItalyEuropeCommercial bank2.946CommittedMar, 2019
Banco PichinchaEcuadorLatin AmericaCommercial bank10.664CommittedAug, 2019
BancoSol*BoliviaLatin AmericaCommercial bank1.993CommittedMar, 2019
Beneficial State Bank*United StatesNorth AmericaCommercial bank1.011CommittedMar, 2019
Caisse d’économie solidaire Desjardins*CanadaNorth AmericaCommercial bank780CommittedOct, 2019
Clearwater Credit Union*United StatesNorth AmericaCommercial bank524CommittedMar, 2019
Coastal Enterprises, Inc. (CEI)United StatesNorth AmericaDevelopment bank107CommittedSep, 2019
Cooperativa Abaco*PeruLatin AmericaCommercial bank393CommittedMar, 2019
Cooperative Bank of Karditsa Coop.L.L.*GreeceEuropeCommercial bank115CommittedMar, 2019
Crédit Coopératif*FranceEuropeCommercial bank31.836CommittedMar, 2019
Cultura Sparebank*NorwayEuropeCommercial bank123CommittedSep, 2019
De VolksbankNetherlandsEuropeCommercial bank69.819DisclosedMar, 2019PDF symbol
ESAF Small Finance bank*IndiaAsiaCommercial bank725CommittedMar, 2019
Ecology Building Society*United KingdomEuropeCommercial bank226CommittedMar, 2019
Ekobanken*SwedenEuropeCommercial bank108CommittedMar, 2019
FMONetherlandsEuropeDevelopment bank8.544CommittedNov, 2015
FirstRand Group Ltd.South AfricaAfricaFinancial services group111.000CommittedJul, 2019
GLS Bank*GermanyEuropeCommercial bank7.778CommittedMar, 2019
KBC GroupBelgiumEuropeIntegrated bank-insurance group325.116CommittedSep, 2019
KCB Bank Kenya LimitedKenyaAfricaCommercial bank7.013CommittedAug, 2019
LAPO Microfinance Bank Limited*NigeriaAfricaCommercial bank189CommittedMar, 2019
LandsbankinnIcelandEuropeCommercial bank14.689CommittedSep, 2019
MNNetherlandsEuropeAsset owner/managers148.921DisclosedMay, 2019PDF symbol
MagNet Hungarian Community Bank*HungaryEuropeCommercial bank419CommittedMar, 2019
Merkur Cooperative Bank*DenmarkEuropeCommercial bank555CommittedMar, 2019
NIBC Holding N.V.NetherlandsEuropeCommercial bank21.500CommittedOct, 2019
NMB Bank*NepalAsiaCommercial bank945CommittedMar, 2019
NWBNetherlandsEuropePromotional bank95.900CommittedJan, 2019
Opportunity Bank Serbia*SerbiaEuropeCommercial bank146CommittedMar, 2019
ProdubancoEcuadorLatin AmericaCommercial bank4.769CommittedSep, 2019
RabobankNetherlandsEuropeCommercial bank676.374CommittedNov, 2015
RobecoNetherlandsEuropeAsset owner/managers191.306CommittedNov, 2015
SAC Apoyo Integral, S.A.*El SalvadorLatin AmericaCommercial bank143CommittedMar, 2019
Self-Help Credit Union and Ventures FundUnited StatesNorth AmericaCommercial bank2.700CommittedSep, 2019
Stichting Pensioenfonds Metaal en Techniek (PMT)**NetherlandsEuropeAsset owner/managers90.719DisclosedMay, 2019PDF symbol
Stichting Pensioenfonds van de Metalektro (PME)**NetherlandsEuropeAsset owner/managers55.857DisclosedApr, 2019PDF symbol
Sunrise Banks*United StatesNorth AmericaCommercial bank1.132CommittedMar, 2019
Triodos Bank*NetherlandsEuropeCommercial bank17.793DisclosedMar, 2019PDF symbol
UmweltBank*GermanyEuropeCommercial bank4.235DisclosedApr, 2019PDF symbol
VSECU*United StatesNorth AmericaCommercial bank1.118CommittedMar, 2019
Van Lanschot KempenNetherlandsEuropeAsset owner/managers92.789DisclosedMay, 2019PDF symbol
Vancity*CanadaNorth AmericaCommercial bank27.249CommittedMar, 2019
Verity Credit Union*United StatesNorth AmericaCommercial bank587CommittedMar, 2019
Visión Banco*ParaguayLatin AmericaCommercial bank1.156CommittedMar, 2019
XacBank*MongoliaAsiaCommercial bank1.174CommittedMar, 2019
Total 56 institutionsTotal financial assets: $ 3.5 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.

Best practice examples

Financial institutions have applied the PCAF methods in various asset classes.

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.