PCAF standards allocate emissions to equity holders
Banks put financed emissions under greater scrutiny
Carbon accounting initiative grows amid pressure on institutions to report emissions from investment portfolios
Banks and other financial institutions are boosting efforts to measure and report emissions from the projects they are financing, increasing the pressure to steer capital away from fossil fuels and other carbon-heavy assets, one of the sector’s leading carbon accounting initiatives says. Financial institutions with assets of about $30tn have signed up to the Partnership for Carbon Accounting Financials (PCAF), with HSBC and Deutsche Bank joining in the last few weeks, according to PCAF executive director Giel Linthorst. “A lot of financial institutions are starting to understand that climate change brings risks” Linthorst, PCAF “We are growing quite rapidly,” he says. “A lot of fin
Also in this section
1 April 2026
Emerging industry must work with policymakers to convince a broader pool of investors to buy into its long-term potential
12 March 2026
Role of world’s largest carbon cap-and-trade market under scrutiny as war in Iran threatens to drive EU energy costs to unsustainable levels
10 March 2026
Europe urgently needs to bring more projects to FID, as CCS investors warn they might divert capital to faster-growing regions
9 January 2026
A shift in perspective is needed on the carbon challenge, the success of which will determine the speed and extent of emissions cuts and how industries adapt to the new environment
