Dutch financial institutions develop methodology to measure their ca..
12 december 2017
News
Dutch financial institutions develop methodology to measure their carbon impact
Published: 12/12/2017
The Platform Carbon Accounting Financials (PCAF), consisting of twelve Dutch banks, insurance companies and pension funds, have developed a methodology for measuring the carbon footprint of their investments and loans. Ecofys, a Navigant company, supported the effort by reviewing, providing in-depth feedback and editing the progress and final report.
The PCAF members? goal was to develop a common, transparent methodology that would enable financial institutions to set targets for carbon emissions and to measure the extent to which these targets were achieved. A recently published report describes such methodologies for listed equities, project finance, government bonds, mortgages, corporate finance and real estate.
Giel Linthorst, Associate Director at Ecofys, a Navigant company: ?I congratulate these twelve Dutch financial institutions on leading the development of carbon footprinting methodologies for various asset classes. Great to see that a large part builds on the work we have done for the individual members of PCAF. This final report is ground-breaking and will inspire many other financial institutions to follow PCAF?s example?.
In a next step, the PCAF members will share best practices, address dilemmas and work together on improving the methodologies. PCAF will also develop science-based targets linked to the methodologies under a new initiative of CDP, WRI, WWF, Ecofys and 2° investing initiative, in order to allow steering towards a low-carbon portfolio in line with the Paris Agreement.
Find additional insights at: carbonaccountingfinancials.com
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