Strategic Focus: How PCAF Is Driving An Evolution In Carbon Data Management
09 Feb, 2023
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Executive Summary
Financial institutions play a pivotal role in driving decarbonization across global economies. To understand and report on carbon impact, the Partnership for Carbon Accounting Financials (PCAF) was created in 2015, providing a bedrock methodology for the accounting of financed emissions. This report gives an overview of how the growing adoption of PCAF has forced an evolution in the way in which emissions data are managed and disclosed. Executives should leverage this report to futureproof their data management and disclosure strategies.
Financial Institutions Created PCAF To Bring Clarity To Emissions Reporting
PCAF Reveals Financial Institutions’ Actual Emissions Performance
PCAF Also Exposes Problems In Actual Emissions Data
Financial Institutions’ PCAF Adoption Drives Innovation In Carbon Data Management
An Emissions Data Chain Will Improve Net Zero Progress And Reporting
How Financial Institutions Should Support An Emissions Data Chain
How Issuers Should Prepare For An Emissions Data Chain
PCAF Reveals Financial Institutions’ Actual Emissions Performance
PCAF Also Exposes Problems In Actual Emissions Data
Financial Institutions’ PCAF Adoption Drives Innovation In Carbon Data Management
An Emissions Data Chain Will Improve Net Zero Progress And Reporting
How Financial Institutions Should Support An Emissions Data Chain
How Issuers Should Prepare For An Emissions Data Chain
Figure 1. The Carbon Data Reporting Landscape For Financial Institutions
Figure 2. XBRL Tagging Of Emissions Data
Figure 3. An Emissions Data Chain
Figure 2. XBRL Tagging Of Emissions Data
Figure 3. An Emissions Data Chain
Task Force on Climate-related Financial Disclosures (TCFD), CDP, ACA Group, Massachusetts Institute of Technology (MIT), GHG Protocol, Santander, Workiva, Partnership for Carbon Accounting Financials (PCAF), Global Reporting Initiative (GRI), SINAI Technologies, Etsy, NatWest Group, ABN AMRO, 2° Investing Initiative (2DII), Sweep, Moody’s, GHGSat, Sphera, Citi, TD Bank, Sustainability Accounting Standards Board (SASB), Science Based Targets initiative (SBTi), Ethos ESG, Persefoni, Gap Inc., MethaneSAT, US Securities and Exchange Commission (SEC), FigBytes
About the Authors
Connor Taylor
Senior Analyst
Connor is a Senior Analyst at Verdantix. He focuses on delivering research to help senior executives navigate decarbonization decision-making and build effective strategies to…
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Ryan Skinner
Research Director
Ryan is a Research Director at Verdantix, where he leads a team of analysts delivering research, data and advisory services that help clients navigate the fast-evolving landsc…
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