180+ Financial institutions - $ 56 + Trillion in total assets

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 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.

Shaping the climate action journey for financial institutions

Infographic showing Scenario analysis, target setting, Climate action and reporting revolving around Measuring financed emissionsMeasuring 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

Overview of financial institutions

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 institutionHeadquartersRegionCategoryTotal financial assets
in million $US (incl. lending and investments)
StatusDate joinedDate of first disclosureDate of most recent disclosureDownload
3 Bank*SerbiaEuropeCommercial bank 146 Disclosed20190301Mar, 201920210501May, 2021 20210501May, 2021 PDF symbol
ABN AMRONetherlandsEuropeCommercial bank 644,938 Disclosed20151215Dec, 201520190301Mar, 2019 20210310Mar, 2021 PDF symbol
ACTIAMNetherlandsEuropeAsset owner/managers 64,265 Disclosed20151215Dec, 201520190301Mar, 2019 20210304Mar, 2021 PDF symbol
AIMCoCanadaNorth AmericaAsset owner/managers 89,000 Disclosed20201001Oct, 202020201201Dec, 2020 20201201Dec, 2020 PDF symbol
APGNetherlandsEuropeAsset owner/managers 531,319 Disclosed20151201Dec, 201520200701Jul, 2020 20200701Jul, 2020 PDF symbol
ASN Bank**NetherlandsEuropeCommercial bank 13,336 Disclosed20151201Dec, 201520180201Feb, 2018 20210201Feb, 2021 PDF symbol
Aareal Bank GroupGermanyEuropeCommercial bank 34,450 Committed20210916Sep, 2021-- --
Access Bank PLCNigeriaAfricaCommercial bank 19,000 Committed20200601Jun, 2020-- --
Achmea Bank NVNetherlandsEuropeCommercial bank 16,975 Disclosed20210311Mar, 202120210311Mar, 2021 20210311Mar, 2021 PDF symbol
Achmea Investment ManagementNetherlandsEuropeAsset owner/managers 93,724 Disclosed20151201Dec, 201520191201Dec, 2019 20201201Dec, 2020 PDF symbol
Alternative Bank Schweiz*SwitzerlandEuropeCommercial bank 2,407 Disclosed20190301Mar, 201920210913Sep, 2021 20210913Sep, 2021 PDF symbol
Amalgamated Bank*United StatesNorth AmericaCommercial bank 16,507 Disclosed20190301Mar, 201920210401Apr, 2021 20210401Apr, 2021 PDF symbol
Angel Oaks Capital, LCCUnited StatesNorth AmericaAsset owner/managers 22,400 Committed20211118Nov, 2021-- --
Argenta Bank- en Verzekeringsgroep nvBelgiumEuropeCommercial bank 45,857 Committed20191001Oct, 2019-- --
Arion BankIcelandEuropeFinancial services group 19,000 Committed20211020Oct, 2021-- --
Aviva Investors Real AssetsUnited KingdomEuropeAsset owner/managers 66,200 Committed20210607Jun, 2021-- --
BBVASpainEuropeCommercial bank 720,000 Committed20210517May, 2021-- --
BC PartnersUnited KingdomEuropeAsset owner/managers 42,200 Committed20211025Oct, 2021-- --
BKS Bank AGAustriaEuropeCommercial bank 14,218 Committed20210611Jun, 2021-- --
BMO Financial GroupCanadaNorth AmericaCommercial bank 712,795 Committed20210111Jan, 2021-- --
BNG BankNetherlandsEuropeCommercial bank 157,523 Committed20190501May, 2019-- --
BRAC Bank*BangladeshAsia-PacificCommercial bank 4,283 Committed20190301Mar, 2019-- --
BTG PactualBrazilLatin AmericaFinancial services group 47,100 Committed20210621Jun, 2021-- --
Banca Ética*ItalyEuropeCommercial bank 2,946 Disclosed20190301Mar, 201920200501May, 2020 20210920Sep, 2021 PDF symbol
Banco Bradesco S.A.BrazilLatin AmericaCommercial bank 598,000 Disclosed20200701Jul, 202020210301Mar, 2021 20210301Mar, 2021 PDF symbol
Banco PichinchaEcuadorLatin AmericaCommercial bank 10,664 Committed20190801Aug, 2019-- --
Banco Popular*HondurasLatin AmericaCommercial bank 110 Committed20200501May, 2020-- --
Banco Promerica de Costa Rica, S.A.Costa RicaLatin AmericaCommercial bank 2,000 Committed20210203Feb, 2021-- --
Banco SantanderSpainEuropeCommercial bank 1,229,168 Committed20210913Sep, 2021-- --
Banco de Galicia y Buenos Aires S.A.U.ArgentinaLatin AmericaCommercial bank 11 Committed20210616Jun, 2021-- --
BancoSol*BoliviaLatin AmericaCommercial bank 1,993 Committed20190301Mar, 2019-- --
Bank Muamalat*MalaysiaAsia-PacificCommercial bank 5,349 Committed20200301Mar, 2020-- --
Bank für Kirche und Caritas eGGermanyEuropeCommercial bank 6,600 Committed20210611Jun, 2021-- --
Bank of AmericaUnited StatesNorth AmericaCommercial bank 2,434,079 Committed20200701Jul, 2020-- --
Bank of Ireland Group plcRepublic of IrelandEuropeCommercial bank 177,000 Committed20210923Sep, 2021-- --
Banpro, Grupo PromericaNicaraguaLatin AmericaCommercial bank 2,099 Committed20210412Apr, 2021-- --
BarclaysUnited KingdomEuropeFinancial services group 1,505,102 Committed20201101Nov, 2020-- --
Basler KantonalbankSwitzerlandEuropeCommercial bank 54,708 Committed20210226Feb, 2021-- --
BayernLBGermanyEuropeCommercial bank 304,500 Committed20210621Jun, 2021-- --
Belfius Bank SA/NVBelgiumEuropeFinancial services group 376,900 Committed20211012Oct, 2021-- --
Beneficial State Bank*United StatesNorth AmericaCommercial bank 1,011 Disclosed20190301Mar, 201920210614Jun, 2021 20210614Jun, 2021 PDF symbol
Berner Kantonalbank AG BEKBSwitzerlandEuropeCommercial bank 44,332 Committed20200901Sep, 2020-- --
BlackRockUnited StatesNorth AmericaAsset owner/managers 9,007,411 Committed20210504May, 2021-- --
Boston Common Asset ManagementUnited StatesNorth AmericaAsset owner/managers 2,700 Committed20190301Mar, 2019-- --
CDC GroupUnited KingdomEuropeDevelopment bank 6,438 Committed20200801Aug, 2020-- --
CIBCCanadaNorth AmericaCommercial bank 577,900 Committed20210224Feb, 2021-- --
CIMB Group Holdings BerhadMalaysiaAsia-PacificCommercial bank 143,500 Committed20210907Sep, 2021-- --
CTBC Financial HoldingTaiwan, ChinaAsia-PacificCommercial bank 213,496 Disclosed20201001Oct, 202020210701Jul, 2021 20210701Jul, 2021 PDF symbol
Caisse d’économie solidaire Desjardins*CanadaNorth AmericaCommercial bank 780 Disclosed20191001Oct, 201920200901Sep, 2020 20210501May, 2021 PDF symbol
Caixabank, S.A.SpainEuropeCommercial bank 551,486 Committed20210707Jul, 2021-- --
CardanoUnited KingdomEuropeAsset owner/managers 200,000 Committed20201101Nov, 2020-- --
Charity Bank*United KingdomEuropeCommercial bank 0.4 Committed20210622Jun, 2021-- --
CitiUnited StatesNorth AmericaInvestment bank 1,951,158 Committed20200801Aug, 2020-- --
Clearwater Credit Union*United StatesNorth AmericaCommercial bank 524 Committed20190301Mar, 2019-- --
Coastal Enterprises, Inc. (CEI)United StatesNorth AmericaDevelopment bank 107 Committed20190901Sep, 2019-- --
Comerica, IncUnited StatesNorth AmericaCommercial bank 114,700 Committed20200801Aug, 2020-- --
Cooperativa Abaco*PeruLatin AmericaCommercial bank 393 Committed20190301Mar, 2019-- --
Cooperative Bank of Karditsa Coop.L.L.*GreeceEuropeCommercial bank 115 Committed20190301Mar, 2019-- --
Coopeservidores R.L.Costa RicaLatin AmericaCommercial bank 1,149 Committed20210619Jun, 2021-- --
Corporacion Interamericana para el Financiamiento de Infrastructura (CIFI)PanamaLatin AmericaInvestment bank 480 Committed20211012Oct, 2021-- --
Crédit Coopératif*FranceEuropeCommercial bank 31,836 Committed20190301Mar, 2019-- --
Crédito AgrícolaPortugalEuropeCommercial bank 28 Committed20211026Oct, 2021-- --
Cultura Sparebank*NorwayEuropeCommercial bank 123 Committed20190901Sep, 2019-- --
DGB Financial GroupRepublic of KoreaAsia-PacificFinancial services group 78,968 Committed20210917Sep, 2021-- --
Danske Bank A/SDenmarkEuropeCommercial bank 799,600 Disclosed20200501May, 202020210601Jun, 2021 20210601Jun, 2021 PDF symbol
De VolksbankNetherlandsEuropeCommercial bank 69,819 Disclosed20151201Dec, 201520190301Mar, 2019 20210301Mar, 2021 PDF symbol
Desjardins GroupCanadaNorth AmericaFinancial services group 331,000 Committed20201101Nov, 2020-- --
Deutsche Bank AGGermanyEuropeCommercial bank 1,600,000 Committed20210301Mar, 2021-- --
Deutsche Kreditbank AG**GermanyEuropeCommercial bank 132,610 Committed20210610Jun, 2021-- --
EIG Global Energy PartnersUnited StatesNorth AmericaAsset owner/managers 21,900 Disclosed20201223Dec, 202020210928Sep, 2021 20210928Sep, 2021 PDF symbol
ESAF Small Finance Bank*IndiaAsia-PacificCommercial bank 725 Committed20190301Mar, 2019-- --
Ecology Building Society*United KingdomEuropeCommercial bank 226 Disclosed20190301Mar, 201920210301Mar, 2021 20210301Mar, 2021 PDF symbol
EdekabankGermanyEuropeCommercial bank 3,654 Committed20210518May, 2021-- --
Ekobanken*SwedenEuropeCommercial bank 108 Disclosed20190301Mar, 201920210831Aug, 2021 20210831Aug, 2021 PDF symbol
Erste Group Bank AGAustriaEuropeCommercial bank 340,400 Committed20210629Jun, 2021-- --
Evangelische Bank eGGermanyEuropeCommercial bank 9,589 Committed20201217Dec, 2020-- --
Evenlode InvestmentUnited KingdomEuropeAsset owner/managers 6,600 Disclosed20210301Mar, 202120210401Apr, 2021 20210401Apr, 2021 PDF symbol
Export Development CanadaCanadaNorth America Export credit agency 84,900 Committed20210709Jul, 2021-- --
FAMA InvestimentosBrazilLatin AmericaAsset owner/managers 450 Committed20211027Oct, 2021-- --
FMONetherlandsEuropeDevelopment bank 8,544 Disclosed20151201Dec, 201520200301Mar, 2020 20210301Mar, 2021 PDF symbol
Fifth Third BankUnited StatesNorth AmericaCommercial bank 205,000 Committed20210323Mar, 2021-- --
FinDev CanadaCanadaNorth AmericaDevelopment bank 181 Committed20210301Mar, 2021-- --
FirstRand Group Ltd.South AfricaAfricaFinancial services group 111,000 Committed20190701Jul, 2019-- --
Freie Gemeinschaftsbank Genossenschaft*SwitzerlandEuropeCommercial bank 375 Committed20210219Feb, 2021-- --
GLS Bank*GermanyEuropeCommercial bank 7,778 Committed20190301Mar, 2019-- --
Grupo BancolombiaColombiaLatin AmericaCommercial bank 67,000 Committed20200601Jun, 2020-- --
HSBC Holdings PLCUnited KingdomEuropeCommercial bank 2,984,164 Committed20210302Mar, 2021-- --
Hamburg Commercial Bank AGGermanyEuropeCommercial bank 41,341 Committed20210618Jun, 2021-- --
Hana Financial GroupRepublic of KoreaAsia-PacificCommercial bank 448,300 Committed20210903Sep, 2021-- --
Hannon ArmstrongUnited StatesNorth AmericaCommercial bank 6,200 Committed20200901Sep, 2020-- --
Hanwha Asset ManagementRepublic of KoreaAsia-PacificAsset owner/managers 84,500 Committed20210621Jun, 2021-- --
HgUnited KingdomEuropeAsset owner/managers 40,000 Committed20211110Nov, 2021-- --
IGM FinancialCanadaNorth AmericaAsset owner/managers 214,800 Committed20211110Nov, 2021-- --
Industrial Bank of KoreaRepublic of KoreaAsia-PacificCommercial bank 350,912 Committed20210329Mar, 2021-- --
International Business of Federated HermesUnited KingdomEuropeAsset owner/managers 605,800 Committed20200901Sep, 2020-- --
Invest - NLNetherlandsEuropeInvestment bank 1,700 Committed20200801Aug, 2020-- --
InvestecSouth AfricaAfricaInvestment bank 63,100 Committed20200501May, 2020-- --
Investec plcUnited KingdomEuropeInvestment bank 63,100 Committed20200801Aug, 2020-- --
Invoice Cash IFN SARomaniaEuropeAsset owner/managers 20 Committed20210106Jan, 2021-- --
Islandsbanki hf.IcelandEuropeCommercial bank 9,400 Committed20201001Oct, 2020-- --
Itaú UnibancoBrazilLatin AmericaCommercial bank 388,500 Disclosed20210301Mar, 202120210401Apr, 2021 20210401Apr, 2021 PDF symbol
JB Financial Group CO., LTDRepublic of KoreaAsia-PacificFinancial services group 45,000 Committed20211102Nov, 2021-- --
JGPBrazilLatin AmericaAsset owner/managers 4,734 Committed20211011Oct, 2021-- --
KB Financial GroupRepublic of KoreaAsia-PacificFinancial services group 561,331 Disclosed20210319Mar, 202120210729Jul, 2021 20210729Jul, 2021 PDF symbol
KBC GroupBelgiumEuropeFinancial services group 325,116 Disclosed20190901Sep, 201920200301Mar, 2020 20210301Mar, 2021 PDF symbol
KCB Bank Kenya LimitedKenyaAfricaCommercial bank 7,013 Committed20190801Aug, 2019-- --
LAPO Microfinance Bank Limited*NigeriaAfricaCommercial bank 189 Committed20190301Mar, 2019-- --
LGT Private BankingLiechtensteinEuropeCommercial bank 179,000 Committed20210527May, 2021-- --
LandsbankinnIcelandEuropeCommercial bank 14,689 Disclosed20190901Sep, 201920210601Jun, 2021 20210601Jun, 2021 PDF symbol
Leeds Building SocietyUnited KingdomEuropeCommercial bank 29 Committed20211021Oct, 2021-- --
Liberty Mutual InsuranceUnited StatesNorth AmericaInsurance 94,000 Committed20210825Aug, 2021-- --
Lloyds Banking GroupUnited KingdomEuropeFinancial services group 1,079,625 Disclosed20200901Sep, 202020210401Apr, 2021 20210401Apr, 2021 PDF symbol
Luminor Bank ASEstoniaEuropeCommercial bank 16 Committed20210709Jul, 2021-- --
MNNetherlandsEuropeAsset owner/managers 148,921 Disclosed20151201Dec, 201520200501May, 2020 20200501May, 2020 PDF symbol
MagNet Hungarian Community Bank*HungaryEuropeCommercial bank 419 Committed20190301Mar, 2019-- --
Merkur Cooperative Bank*DenmarkEuropeCommercial bank 555 Disclosed20190301Mar, 201920210315Mar, 2021 20210315Mar, 2021 PDF symbol
Metrics Credit Partners Pty LtdAustraliaAustraliaAsset owner/managers 6,500 Committed20211129Nov, 2021-- --
Mitsubishi UFJ Financial Group, Inc.JapanAsia-PacificFinancial services group 3,260,000 Committed20210804Aug, 2021-- --
Mizuho Financial Group, Inc.JapanAsia-PacificFinancial services group 2,037,447 Disclosed20210617Jun, 202120210621Jun, 2021 20210621Jun, 2021 PDF symbol
Morgan StanleyUnited StatesNorth AmericaInvestment bank 947,795 Committed20200701Jul, 2020-- --
Münchener Verein VersicherungGermanyEuropeInsurance 9,000 Committed20210630Jun, 2021-- --
NATIONAL-BANK AGGermanyEuropeCommercial bank 10,700 Committed20210624Jun, 2021-- --
NIBC Holding N.V.NetherlandsEuropeCommercial bank 21,500 Disclosed20191001Oct, 201920200701Jul, 2020 20210701Jul, 2021 PDF symbol
NMB Bank*NepalAsia-PacificCommercial bank 945 Committed20190301Mar, 2019-- --
NN GroupNetherlandsEuropeInsurance 230,000 Disclosed20151201Dec, 201520190301Mar, 2019 20210301Mar, 2021 PDF symbol
NWBNetherlandsEuropePromotional bank 95,900 Disclosed20190101Jan, 201920200101Jan, 2020 20210301Mar, 2021 PDF symbol
Nabil BankNepalAsia-PacificCommercial bank 1,552 Committed20210125Jan, 2021-- --
NatWest GroupUnited KingdomEuropeCommercial bank 998,900 Disclosed20200701Jul, 202020210201Feb, 2021 20210201Feb, 2021 PDF symbol
National Bank of CanadaCanadaNorth AmericaCommercial bank 315,000 Committed20210420Apr, 2021-- --
Nationwide Building SocietyUnited KingdomEuropeCommercial bank 323,540 Disclosed20210520May, 202120211203Dec, 2021 20211203Dec, 2021 PDF symbol
Natural Capital Investment Fund, Inc.United StatesNorth AmericaDevelopment bank 60 Committed20210614Jun, 2021-- --
Nissay Asset Management CorporationJapanAsia-PacificAsset owner/managers 280,000 Disclosed20210629Jun, 202120211203Dec, 2021 20211203Dec, 2021 PDF symbol
Nomura Asset Management Co., Ltd.JapanAsia-PacificAsset owner/managers 591,000 Committed20210820Aug, 2021-- --
Nordea Bank AbpFinlandEuropeCommercial bank 670,000 Committed20201216Dec, 2020-- --
Oberbank AGAustriaEuropeCommercial bank 30 Committed20210923Sep, 2021-- --
PIDG - The Private Infrastructure Development Group LtdUnited KingdomEuropeDevelopment bank 1,437 Disclosed20210223Feb, 202120210601Jun, 2021 20210601Jun, 2021 PDF symbol
PNC Financial ServicesUnited StatesNorth AmericaCommercial bank 791,000 Committed20210407Apr, 2021-- --
Phoenix GroupUnited KingdomEuropeInsurance 430,000 Committed20210521May, 2021-- --
PostFinance AGSwitzerlandEuropeCommercial bank 86,800 Committed20210428Apr, 2021-- --
ProCredit GroupGermanyEuropeCommercial bank 8,735 Committed20210730Jul, 2021-- --
ProdubancoEcuadorLatin AmericaCommercial bank 4,769 Committed20190901Sep, 2019-- --
RNHB B.V.NetherlandsEuropeFinancial services group 4,029 Committed20210816Aug, 2021-- --
RabobankNetherlandsEuropeCommercial bank 676,374 Disclosed20151201Dec, 201520180901Sep, 2018 20200901Sep, 2020 PDF symbol
Raiffeisen Switzerland CooperativeSwitzerlandEuropeCommercial bank 256,600 Committed20201218Dec, 2020-- --
Raise Green, Inc.United StatesNorth AmericaAsset owner/managers 3 Committed20210622Jun, 2021-- --
Rizal Commercial Banking CorporationPhilippinesAsia-PacificCommercial bank 15,873 Committed20210906Sep, 2021-- --
RobecoNetherlandsEuropeAsset owner/managers 191,306 Disclosed20151201Dec, 201520210401Apr, 2021 20210401Apr, 2021 PDF symbol
Royal Bank of CanadaCanadaNorth AmericaCommercial bank 1,200,000 Committed20210225Feb, 2021-- --
SAC Apoyo Integral, S.A.*El SalvadorLatin AmericaCommercial bank 143 Committed20190301Mar, 2019-- --
SBAB BankSwedenEuropeCommercial bank 47,184 Committed20210913Sep, 2021-- --
Scotiabank (The Bank of Nova Scotia)CanadaNorth AmericaCommercial bank 853,000 Committed20210324Mar, 2021-- --
Self-Help Credit Union and Ventures FundUnited StatesNorth AmericaCommercial bank 2,700 Committed20190901Sep, 2019-- --
Shinhan Financial GroupRepublic of KoreaAsia-PacificFinancial services group 494,800 Committed20201101Nov, 2020-- --
SpareBank 1 SR-Bank ASANorwayEuropeCommercial bank 34,800 Committed20210916Sep, 2021-- --
SpareBank 1 ØstlandetNorwayEuropeCommercial bank 15,000 Disclosed20201201Dec, 202020210301Mar, 2021 20210301Mar, 2021 PDF symbol
Sparebanken SørNorwayEuropeCommercial bank 17,000 Committed20211110Nov, 2021-- --
Starling Bank LimitedUnited KingdomEuropeCommercial bank 9,500 Committed20210922Sep, 2021-- --
Stichting Pensioenfonds Metaal en Techniek (PMT)**NetherlandsEuropeAsset owner/managers 90,719 Disclosed20151201Dec, 201520200501May, 2020 20200501May, 2020 PDF symbol
Stichting Pensioenfonds van de Metalektro (PME)**NetherlandsEuropeAsset owner/managers 55,857 Disclosed20151201Dec, 201520200501May, 2020 20200501May, 2020 PDF symbol
Sumitomo Life Insurance CompanyJapanAsia-PacificAsset owner/managers 371,100 Disclosed20210831Aug, 202120211001Oct, 2021 20211001Oct, 2021 PDF symbol
Sumitomo Mitsui Financial Group, Inc.JapanAsia-PacificCommercial bank 2,123,080 Committed20211013Oct, 2021-- --
Sunrise Banks*United StatesNorth AmericaCommercial bank 1,132 Committed20190301Mar, 2019-- --
Svenska Handelsbanken publ.SwedenEuropeFinancial services group 478,000 Committed20211018Oct, 2021-- --
Swiss ReSwitzerlandEuropeInsurance 183,000 Committed20211020Oct, 2021-- --
TD Bank GroupCanadaNorth AmericaCommercial bank 1,265,962 Committed20201101Nov, 2020-- --
TSB Bank PlcUnited KingdomEuropeCommercial bank 56 Committed20210617Jun, 2021-- --
Triodos Bank*NetherlandsEuropeCommercial bank 17,793 Disclosed20151201Dec, 201520180301Mar, 2018 20210301Mar, 2021 PDF symbol
Truist Financial CorporationUnited StatesNorth AmericaCommercial bank 522,000 Committed20211013Oct, 2021-- --
U.S. BankUnited StatesNorth AmericaCommercial bank 841,000 Committed20211203Dec, 2021-- --
UmweltBank*GermanyEuropeCommercial bank 4,235 Disclosed20190301Mar, 201920200401Apr, 2020 20210406Apr, 2021 PDF symbol
VSECU*United StatesNorth AmericaCommercial bank 1,118 Committed20190301Mar, 2019-- --
Van Lanschot KempenNetherlandsEuropeAsset owner/managers 92,789 Disclosed20151201Dec, 201520190201Feb, 2019 20210201Feb, 2021 PDF symbol
Vancity*CanadaNorth AmericaCommercial bank 27,249 Disclosed20190301Mar, 201920210501May, 2021 20210501May, 2021 PDF symbol
Varma Mutual Pension Insurance CompanyFinlandEuropeAsset owner/managers 63,958 Committed20211122Nov, 2021-- --
Verity Credit Union*United StatesNorth AmericaCommercial bank 587 Committed20190301Mar, 2019-- --
Vermont Community Loan FundUnited StatesNorth AmericaDevelopment bank 43 Disclosed20191201Dec, 201920201201Dec, 2020 20201201Dec, 2020 PDF symbol
Virgin Money UK PLCUnited KingdomEuropeCommercial bank 109,118 Committed20201101Nov, 2020-- --
Visión Banco*ParaguayLatin AmericaCommercial bank 1,156 Committed20190301Mar, 2019-- --
Woori Financial GroupRepublic of KoreaAsia-PacificFinancial services group 525,900 Committed20210820Aug, 2021-- --
XacBank*MongoliaAsia-PacificCommercial bank 1,174 Committed20190301Mar, 2019-- --
a.s.r.NetherlandsEuropeInsurance 67,587 Disclosed20151215Dec, 201520190301Mar, 2019 20210315Mar, 2021 PDF symbol
bunqNetherlandsEuropeCommercial bank 1,000 Disclosed20210301Mar, 202120210501May, 2021 20210501May, 2021 PDF symbol
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

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.