Platform for Carbon Accounting Financials (PCAF) published a progress report


The Platform for Carbon Accounting Financials (PCAF) has published a progress report, summarizing the results of the working groups on ‘mortgages’, ‘listed equity’, ‘project finance’ and ‘government bonds’. The report proposes ‘work in progress’ methodologies to calculate financed emissions of these asset classes. it has been distributed to a number of institutions for peer-review. A final report will be published in October 2017.

Twelve Dutch financial institutions – the Platform for Carbon Accounting Financials (PCAF) – have agreed to work together to jointly develop open source methodologies to measure the carbon footprint of their investments and loans. By measuring and disclosing this information they expect to develop more effective strategies that help contribute to a low carbon society, in the hope that other institutions will follow suit.

PCAF was launched via a Dutch Carbon Pledge calling on the negotiators at the Paris Climate Summit in 2015 to take on board the role that investors and financial institutions can play in delivering an essential shift to a low carbon economy. If it’s successful the group will create a more transparent approach to assessing the carbon footprint for stakeholders inside and outside the Dutch financial industry.

Download the progress report (pdf)

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