News and Events

News

United Nations Federal Credit Union Joins the Partnership for Carbon Accounting Financials

United Nations Federal Credit Union Joins the Partnership for Carbon Accounting Financials

As momentum behind greenhouse gas (GHG) accounting continues to build, the Partnership for Carbon Accounting Financials (PCAF) announces that the United Nations Federal Credit Union (UNFCU), a credit union founded by UN staff, has joined its industry-led initiative.

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PCAF announces areas for standard development in 2024

PCAF announces areas for standard development in 2024

The global Core Team of the Partnership for Carbon Accounting Financials (PCAF) selects new areas to develop and refine GHG accounting methodologies

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The Partnership for Carbon Accounting Financials announces strategic partnership with China’s Green Finance Forum of 60

The Partnership for Carbon Accounting Financials announces strategic partnership with China’s Green Finance Forum of 60

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Green Finance Institute and PCAF collaborate to highlight the crucial role of the financial sector in the transition to net zero

Green Finance Institute and PCAF collaborate to highlight the crucial role of the financial sector in the transition to net zero

Together, the organisations are hosting a series of webinars to discuss the importance of financed embodied carbon measurement and disclosure in the building sector. The first of these will be hosted by Madeline Schneider, Director of Operations at PCAF and Eduardo Brunet, Director of GFI Spain on 12 December.

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PCAF launches a new Accounting and Reporting Standard for Capital Markets

PCAF launches a new Accounting and Reporting Standard for Capital Markets

The Standard enables financial institutions to measure and disclose the GHG emissions associated with off-balance emissions for the first time

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Updates from implementing GHG accounting for the financial sector in the Netherlands 2023

Updates from implementing GHG accounting for the financial sector in the Netherlands 2023

PCAF Netherlands publishes its 7th annual report on the implementation of GHG accounting for the financial sector in the Netherlands

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PCAF and Watershed Partner to Increase Transparency in Financial Sector’s Efforts to Decarbonize

PCAF and Watershed Partner to Increase Transparency in Financial Sector’s Efforts to Decarbonize

The Partnership for Carbon Accounting Financials (PCAF) today announces its collaboration with Watershed, a leading enterprise climate platform.

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PCAF Announces Persefoni as Partner to Support the Financial Sector’s Decarbonization

PCAF Announces Persefoni as Partner to Support the Financial Sector’s Decarbonization

The Partnership for Carbon Accounting Financials (PCAF) today announces its collaboration with Persefoni, a leading climate software platform.

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PCAF announces new program to train 2,500 professionals in GHG accounting

PCAF announces new program to train 2,500 professionals in GHG accounting

The Partnership for Carbon Accounting Financials marks the start of Climate Week NYC with the launch of new activity to support the growth of consistent carbon emissions disclosures across the global financial system

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Events

Past and upcoming events

26 June -
28 June 2023

GreenFin 23

PCAF is a community partner of GreenFin 23!


Join PCAF in Boston on June 26-28, along with the growing community of finance, investment and sustainability leaders supporting the just transition to a decarbonized economy at GreenFin 23. By attending, you’ll gain access to inspiring keynotes, engaging breakout sessions and valuable networking.


Register today using the code GF23PCAF for a 10% discount!

Register with the 10% discount code
GreenFin 23
30 May -
30 May 2023

ICISA Webinars: Measuring our Carbon Footprint: Applying the PCAF Insurance Standard to TCI & Surety

May: Measuring our Carbon Footprint: Applying the PCAF Insurance Standard to trade credit

Understanding our impact on the world as businesses, individuals and society as a whole has become a more urgent question in recent years. The impact of climate change has become more apparent in our daily lives through more extreme weather happening more frequently. Trade credit insurance and surety are central to some of the most important activities in the global economy and at a time of economic uncertainty, the protection they provide becomes even more necessary. But what is our impact as an industry on the world around us? The first place to start with doing something to address climate change is to measure and understand our impact. The Partnership for Carbon Accounting Financials (PCAF) has developed standards for financial services firms to assess and measure the carbon emissions related to their activities and in 2022, launched their insurance standard. However, given the way credit insurance and surety work, understanding the relationship between the insurer and the source of the emissions is perhaps a little trickier than in more standard insurance lines. In this Webinar delivered by Marco Tormen, Europe & DACHLI Regional Lead at PCAF we discuss PCAF’s approach and how the standard can be applied to trade credit. We also look at how their growing dataset can be used by participants for wider efforts to build sustainability into their business practices.

Register here
ICISA Webinars: Measuring our Carbon Footprint: Applying the PCAF Insurance Standard to TCI & Surety
26 April 2023

GRESB Inside ESG: Accounting & Reporting of GHG Emissions from Real Estate Operations

Join us for the “Inside ESG: Technical Guidance for Accounting and Reporting of GHG Emissions from Real Estate Operations” webinar on April 25 at 10:00 CEST.

Together with GRESB and CRREM, we will dive into the recently published Technical Guidance related to PCAF‘s Global GHG Accounting and Reporting Standard for the Financial Industry. It contains specific accounting and reporting recommendations for commercial real estate to allow further consistency in reporting for financial institutions.

The webinar will start with Madeline Schneider (PCAF), Prof. Dr. Sven Bienert (CRREM), and Erik Landry (GRESB) covering the creation of the Technical Guidance and some of the key elements found within it.

This presentation will be followed by a panel discussion with leading experts and practitioners on the topic of GHG emissions reporting for the real estate industry.

We hope that this webinar helps all stakeholders along the real estate financial value chain understand and implement best practice GHG accounting for their real estate operations.

Register Here
GRESB Inside ESG: Accounting & Reporting of GHG Emissions from Real Estate Operations
1 December 2022

PCAF Knowledge exchange between financial institutions on decarbonizing building portfolios

The PCAF Secretariat hosted a knowledge exchange webinar with financial institutions sharing their experiences in the decarbonization journey of their building portfolios. This webinar showcased exemplary industry practices of financial institutions in different stages of the decarbonization process, following the launch of the PCAF Guidance on financing the net-zero building transition in September 2022. It is organized in the scope of the PCAF project Financing towards net-zero buildings.

PCAF Knowledge exchange between financial institutions on decarbonizing building portfolios
16 November 2022

PCAF Insurance- Associated Emissions Standard Virtual Launch

The Partnership for Carbon Accounting Financials (PCAF) hosted two virtual launch webinars of the PCAF Global GHG Accounting and Reporting Standard for Insurance-Associated Emissions. The virtual launch webinar featured a presentation on the first version of the Insurance-Associated Emissions Standard, including finalized attribution factors for commercial lines and personal motor portfolios.

The 9:00 CET webinar featured Marco Tormen, PCAF Europe and DACHLI Lead and Responsible Project Manager, Martin Weymann, Head Group Sustainability at Swiss Re, Daniel Eherer, Senior Sustainability Manager Commercial Insurance at Zurich Insurance Company Ltd., and Ben Carr, Analytics and Capital Modelling Director at Aviva.

The 9:00 ET | 15:00 CET webinar featured Marco Tormen, PCAF Europe and DACHLI Lead and Responsible Project Manager, Martin Weymann, Head Group Sustainability at Swiss Re, Daniel Eherer, Senior Sustainability Manager Commercial Insurance at Zurich Insurance Company Ltd., and Sheri Wilbanks, Head of GRM P&C Climate & Sustainability at AXA,

Download the Standard Here
PCAF Insurance- Associated Emissions Standard Virtual Launch
11 November 2022

Banking for Net Zero: Practical Tools for Emerging Market Financial Institutions to Accelerate Decarbonization

The Joint Impact Model Foundation and British International Investment will co-hosted a hybrid event at the COP27 Innovation Zone, Climate Action Innovation Zone at COP27 | 7-18 November (cop-27.org) in Sharm el-Sheikh. The event showcased frameworks and learning from the JIM-PCAF pilot, which helps onboard developing economy banks to use the JIM to align with the PCAF standard and a practical toolkit for investors on Transiton Finance, co-developed by academics, leading DFIs and African commercial FIs, to euqip emerging market finanical institutions with the tools to reach thier net zero ambitions. 

The 14:25-16:00 (Egypt time) hybrid event featured Eslam Mahdy, PCAF MENA Regional Lead.

Banking for Net Zero: Practical Tools for Emerging Market Financial Institutions to Accelerate Decarbonization
9 November 2022

COP 27: Financing a net zero built environment

The BuildingtoCOP Coalition hosted a hybrid event on the crucial role that the financial sector has in transitioning to net zero buildings. The session showcased leadership and best practices across actors in the finance sector in transitioning to net zero buildings, highlight the importance of data collection and taking a whole life carbon approach to financial stakeholders and the implications on property valuations, alongside demonstrating outstanding areas of action and identifying future priorities.

Madeline Schneider, Project Manager of PCAF’s Financing towards net-zero buildings, spoke on "internalizing whole-life carbon costs in investment decisions" and presented on benchmarking and target setting to ensure Paris alignment. 

COP 27: Financing a net zero built environment
11 October 2022

Virtual launch of the public consultation on GHG accounting methodology for capital markets facilitated emissions

The Partnership for Carbon Accounting Financials (PCAF) hosted a virtual launch of the public consultation on GHG accounting methodology for capital markets facilitated emissions. The virtual launch event featured keynote speakers who provided a deep dive into the proposed methodology.

Watch the Recording Here
Virtual launch of the public consultation on GHG accounting methodology for capital markets facilitated emissions
22 September 2022

Virtual launch of the PCAF Guidance on financing the European building transition to net zero

The PCAF Secretariat hosted a virtual launch of the PCAF Guidance on financing the European building transition to net zero. The virtual launch event featured Madeline Schneider, Project Manager of PCAF’s Financing towards net-zero buildings, Peter Sandahl, Head of Sustainability of Nordea Life & Pension, and Gabriel Marosi, Group Sustainability Officer of Erste Group.

The virtual launch event helped participants understand the added value of the PCAF Guidance for financial institutions, including a harmonized net-zero building definition as well as a stepwise approach towards net zero with the required effort level and speed to decarbonize building portfolios.

Watch the Recording Here
Virtual launch of the PCAF Guidance on financing the European building transition to net zero
9 September 2022

How can the Dutch insurance industry accelerate the transition to a net zero emissions economy?

An in-person event hosted by Deloitte and organized by the United Nations Environment Programme Finance Initiative (UNEP-FI) Principles for Sustainable Insurance (PSI).

Giel Linthorst, Executive Director of the PCAF Secretariat presented on the PCAF global standard to measure and disclose insurance-associated emissions. 

How can the Dutch insurance industry accelerate the transition to a net zero emissions economy?
13 July 2022

Climate Mitigation Targets Workshop Series

A series of workshops hosted by the United Nations Environment Programme Finance Initiative (UNEP-FI) Principles of Responsible Investment (PRI) for signatories of the Principles for Responsible Investment (PRI) and the Net-Zero Banking Alliance (NZBA). The webinars focused on capacity-building for those signatories that required a deeper understanding of the PCAF Standard.

Jorge Martínez-Blat, PCAF Communications, Climate Policy, and Technical Assistance Lead, delivered two workshops for Latin American banks on 12 and 13 July. Workshops for other regions to be delivered in the coming months.

Climate Mitigation Targets Workshop Series
12 July 2022

Informational webinar: Public Consultation on Progress Report on Insurance-Associated Emissions

The PCAF Insurance-Associated Emissions Working Group has launched a progress report on insurance-associated emissions for a public consultation. 

Two identical 45-minute webinars were held to provide participants with highlights of the Progress Report as well as information about how to submit feedback. The webinars featured Marco Tormen, Europe and DACHLI Regional Lead of PCAF, and Martin Weymann, Head Sustainability, Emerging & PRM at Swiss Re, and representing the chair of the PCAF Insurance-Associated Emissions Working Group. 30 minutes of presentation were followed by a 15-minute Q&A.

WATCH THE RECORDING AND ACCESS THE PUBLIC CONSULTATION HERE
Informational webinar: Public Consultation on Progress Report on Insurance-Associated Emissions
11 July 2022

HKGFA Training Series – Introduction to Partnership for Carbon Accounting Financials (PCAF)

A virtual workshop hosted by the Hong Kong Green Finance Association and co-organized with PCAF to share the importance and implementation of measuring financed emissions of a portfolio.

The webinar featured Jorge Martínez-Blat, former PCAF Communications, Climate Policy, and Technical Assistance Lead, and Tiange Wei, PCAF Asia-Pacific Regional Lead.

Watch the recording here
HKGFA Training Series – Introduction to Partnership for Carbon Accounting Financials (PCAF)
22 June 2022

The Investment Association's TCFD Forum

An online forum hosted by The Investment Association which serves as a discussion group, used for exchanging experiences, challenges and best practice related to TCFD implementation.

Angélica Afanador, PCAF Program Manager and Latin America Regional Lead, presented the approach in the PCAF Standard and conducted a Q&A session with UK asset managers, life insurers, FCA-regulated pension providers, and more.

The Investment Association's TCFD Forum
19 June -
21 June 2022

The Principles of Sustainable Insurance After 10 Years

An hybrid event hosted by the UN Principles of Sustainable Insurance (PSI) Initiative. The aim of the event was to look back at how the PSI has shaped sustainable insurance over the last 10 years and to explore how the PSI can amplify sustainable insurance in the next 10 years.

Marco Tormen, PCAF Europe and DACHLI Regional Lead, was invited to represent PCAF in person at the Swiss Re Centre for Global Dialogue in Rüschlikon, Switzerland. In the panel on State-of-the-art net-zero insurance thinking and practice, he elaborated on the progress of the upcoming GHG accounting methodologies for insurance-associated emissions.

Read event summary and watch event replay here
The Principles of Sustainable Insurance After 10 Years
30 May 2022

'Development and Practices of Global Sustainable Financial Institution and Initiatives' Forum

An online forum hosted by the Shenzhen Green Finance Association and co-organized by the Bank of China Shenzhen Branch.

Yuchen Hu, part of the PCAF Asia-Pacific Regional Team, joined the roundtable on “Finance and net zero” to present PCAF as a relevant international initiative with global development and implementation.

See the event page (in Chinese) here
'Development and Practices of Global Sustainable Financial Institution and Initiatives' Forum
18 May 2022

Is PCAF effective for carbon neutral strategies of regional financial institutions?

An online seminar hosted by the Japanese Practitioners for Banking on Values (JPBV) in collaboration with the Global Alliance for Banking on Values (GABV)

The webinar featured Tiange Wei, PCAF Asia-Pacific Regional Lead, as well as PCAF signatories and GABV members Banca Ética, Ecology Building Society, and GLS Bank, which presented case studies of how they applied the PCAF Standard to their lending and investment portfolios.

See event page here
Is PCAF effective for carbon neutral strategies of regional financial institutions?
16 May 2022

China Banking Association Expert Climate Working Group - Workshop

An invite-only webinar hosted by the China Banking Association Expert Climate Working Group, supported by WWF China

Tiange Wei, PCAF Asia-Pacific Regional Lead, presented the PCAF Standard and the importance of measuring financed emissions for financial institutions.

12 May 2022

TCFD Capacity Building Series for China: Metrics and Targets

A virtual webinar hosted by PRI China, part of a capacity building series for Chinese investors and regulators to build their knowledge and capacity on implementing and reporting on the four TCFD pillars.

Tiange Wei, PCAF Asia-Pacific Regional Lead, discussed measuring and disclosing financed emissions with PCAF as an essential way of fulfilling the Metrics and Targets pillar of TCFD for financial institutions.

Watch the whole series by PRI China here
TCFD Capacity Building Series for China: Metrics and Targets