PCAF and CDP collaborate closely to enable transparent disclosures allowing stakeholders to better understand the climate impact of financial institutions’ portfolios. CDP’s disclosure framework integrates The Global GHG Accounting and Reporting Standard for the Financial Industry into its Climate Change Questionnaire for Financial services, which asks for disclosure of Scope 3 portfolio emissions.
PCAF partners with RMI’s Center for Climate-Aligned Finance to advance the goal of enabling low-carbon transitions for key global industries. This collaborative engagement supports the development of sector-specific data to improve implementation of the Global GHG Accounting and Reporting Standard in banks, asset managers and asset owners; facilitate the engagement of financial institutions with their customers; and support programs that advance the quality of the data systems and approaches available for financial institutions to support effective measurement and alignment.
PCAF and CIBAFI partner to enable Islamic banks to measure and disclose the greenhouse emissions financed by loans and investments. Jointly, they are developing bespoke guidance for Islamic banks to build capacities in the measurement of financed emissions.
PCAF is partnering with CRREM and GRESB in 2021 to provide investors and banks with the guidance they need to measure and report on their financed emissions from real estate. This partnership is meant to help financial institutions formulate, set, and implement forward-looking targets in relation to their financed emissions.
The Green Climate Fund is an observer to the process of developing the Global GHG Accounting and Reporting Standard for the Financial Industry. PCAF proactively informs the Green Climate Fund and involves them in the development process of the Standard, giving them the opportunity to provide input and feedback.
PCAF is partnering with GRESB and CRREM in 2021 to provide investors and banks with the guidance they need to measure and report on their financed emissions from real estate. This partnership is meant to help financial institutions formulate, set, and implement forward-looking targets in relation to their financed emissions.
PCAF and JIM collaborate to improve financed emissions estimates in developing countries. By making the JIM available to PCAF participating banks, it can be used to fill the gap in GHG emissions data for corporate lending portfolios in developing countries when real data is lacking or incomplete.
PCAF and KoSIF have partnered to support financial institutions in South Korea to measure and disclose the financed emissions of their portfolios. The PCAF-KoSIF coalition is set to build capacities on PCAF standard implementation for the measurement of financed emissions in a Korean context.
PCAF and the Mongolian Sustainable Finance Association (MSFA) partner to enable MSFA and its members to advance their ambitions and decarbonize their investments in line with the Paris Agreement. MSFA aims to introduce PCAF standards in the financing activities of all 11 commercial banks, 10 major micro-finance institutions, asset managers, insurance companies, the Development Bank of Mongolia, and the Mongolia Mortgage corporation.
PCAF has partnered with NRDC China to enable Chinese financial institutions to measure and disclose the greenhouse gas emissions financed by their loans and investments. This collaboration aims to develop region-specific guidance for Chinese financial institutions.
PCAF is collaborating with the Paris Aligned Investment Initiative (PAII) to advance the development of PCAF’s GHG accounting methodology so that it can be used to effectively underpin the Net Zero Investment Framework (NZIF) going forward. The PAII already points to PCAF as the leading GHG accounting approach to underpin the NZIF.
The UN-convened Net-Zero Asset Owner Alliance (NZAOA) is represented on the PCAF Steering Committee by Nordea Life & Pension. The NZAOA is an international group of 37 institutional investors (as of 30 April 2021) with $5.7 trillion in assets under management delivering on a bold commitment to transition their investment portfolios to net-zero GHG emissions by 2050. The Alliance was initiated by Allianz, Caisse des Dépôts, La Caisse de dépôt et placement du Québec (CDPQ), Folksam Group, PensionDanmark, and SwissRe. Since then, Alecta, AMF, CalPERS, Nordea Life and Pension, Storebrand, and Zurich have joined as founding members. Aviva, AXA, CNP Assurances, David Rockefeller Fund, Fonds de Réserve pour les Retraites (FRR), Generali, the Church of England and more have joined the growing group.
PCAF and SBTi collaborate to enable financial institutions to align their lending and investment portfolios with the Paris Agreement’s mitigation goals. Financial institutions that decide to set science-based targets using the sector decarbonization approach (SDA) can use PCAF to measure their financed emissions for baselining and tracking of progress against targets.
PCAF and the Verein für Umweltmanagement und Nachhaltigkeit in Finanzinstituten e.V. (VfU) have partnered to roll out GHG portfolio accounting in the D/A/CH/Li (German-speaking) region of Europe. This collaboration supports financial institutions in Germany, Austria, Switzerland and Liechtenstein to measure and disclose their financed emissions.
PCAF developed an accredited partner program to meet the growing demand from financial institutions committing to use the PCAF Standard to measure and disclose emissions associated with their financial activities and the corresponding need to collaborate with third-party businesses supporting this activity. The accredited partner program is a collaboration between PCAF and the service providers to support consistent, comparable, and high-quality disclosures and is designed for consultancies, data providers, and software providers operating in this space. The model offers these service providers access to the PCAF Academy, the PCAF Database and Technical Assistance in the application of the PCAF Standard, along with other benefits.
S&P Global Sustainable1 is the central source for sustainability intelligence from S&P Global. Sustainable1 matches customers with sustainability products, insights and solutions from across S&P Global's divisions to help meet their unique needs. Our comprehensive coverage across global markets combined with in-depth sustainability intelligence provides financial institutions, corporations and governments with expansive insight on business risk, opportunity, and impact as we work towards a sustainable future. Our data and well-informed point of view on critical topics like energy transition, climate resilience, positive impact and sustainable finance allow us to go deep on the details that define the big picture so customers can make decisions with conviction.
Watershed is the enterprise climate platform. Companies across industries use Watershed to measure, report, and act on their emissions, so they can produce audit-ready carbon footprints that drive real reductions. With embedded climate intelligence from the world’s leading climate and policy experts, Watershed is the platform of choice for companies seeking to satisfy regulatory requirements, unlock new business opportunities, and address climate-related risks. Watershed customers also have exclusive access to a marketplace of pre-vetted, high-quality carbon projects and groundbreaking virtual power purchase agreements.
Persefoni AI Inc. helps businesses and financial institutions measure, report, and reduce their carbon emissions — all via an auditable, ERP-grade, single source of truth platform. Persefoni's AI-enhanced software enables you to manage your climate data with the same accuracy, transparency, and internal controls as your financial data. With Persefoni's PCAF- and GHG-aligned platform — and its team of in-house PCAF experts — you can create investor-grade carbon footprints with confidence and plan your decarbonization journey.
Zfolio is the leading platform for measuring and managing financed emissions. The system includes everything required to calculate, understand, and disclose the emissions of investments and loan portfolios. Zfolio’s software includes the most extensive data in the industry to provide unmatched portfolio coverage and the best data quality scores, with no need for any supplemental data subscriptions. The proprietary analytics compare emissions with benchmarks and explain changes in portfolio emissions over time. The platform covers all the asset classes needed by investment managers, asset owners, banks and insurers.
StepChange is a state-of-the-science climate-tech enterprise platform that enables large enterprises and financial institutions to measure, mitigate, and report on their emissions (across Scopes 1, 2, and 3) and climate risks. StepChange is at the forefront of enabling financial institutions in the Global South to navigate their sustainability and decarbonisation journeys through their Net Zero Navigator.
Riverstone Environmental is Malaysia’s leading environmental consulting firm, specializing in carbon footprint assessment, climate risk and strategy advisory, environmental impact and due diligence assessments. Founded in 2011, Riverstone Environmental started its journey serving the oil and gas clients in Malaysia who operate in offshore upstream, supporting them in accounting and reporting of GHG emissions, including Malaysia’s national oil custodian Petroliam Nasional Berhad (PETRONAS). Today, the team has grown and comprises of multi-disciplinary technical experts who are passionate about our environment, sustainability and climate change.
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra - a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets.
