April 23, 2021 – Today the Partnership for Carbon Accounting Financials (PCAF) published the Strategic Framework for Paris Alignment, a framework that clarifies the complex landscape of net zero commitments, initiatives, methodologies and tools. The Strategic Framework describes the non-linear process that financial institutions can embark on to achieve Paris alignment, no matter what stage of the journey they are in.
At the heart of the publication is an overview of 19 global climate initiatives for financial institutions. These initiatives are classified according to the value they bring to banks and investors in each of the stages of the Paris alignment process. The overview enables financial institutions to navigate the landscape of initiatives and more easily identify which best suit their needs.
An Annex of 25 methodologies and tools rounds out the landscape overview of resources available to financial institutions on their climate journey toward Paris alignment.
The Strategic Framework for Paris Alignment also provides an up-to-date summary of developments in the sustainable finance globally, from the convergence of frameworks and standards to policies and regulation. Download the Strategic Framework to learn more.