The Standard, developed by the PCAF Global Core Team, provides detailed methodological guidance to measure and disclose GHG emissions associated with six asset classes. As the Standard and PCAF evolve, additional asset classes and case studies will be added to the Standard.
Using this Standard equips financial institutions with harmonized, robust methods to measure financed emissions, a metric that enables them to:
- Assess climate-related risks in line with the Task Force on Climate-related Financial Disclosures (TCFD).
- Set science-based targets (SBTs) using the sectoral decarbonization approach developed by the Science Based Targets initiative.
- Report to stakeholders like the Carbon Disclosure Project (CDP).
- Inform climate strategies and actions to develop innovative financial products that support the transition toward a net-zero emissions economy.