26 banks will calculate their greenhouse gas emissions to align with climate targets
The Global Alliance for Banking on Values (GABV) has committed to working with its members to track and monitor the carbon impact of their portfolio of loans and investments over a three-year period.
The banks plan to use a measurement methodology that covers several relevant asset classes and was developed by a group of Dutch banks, the Platform for Carbon Accounting Financials (PCAF). The final methodology report was compiled, reviewed and edited by Guidehouse. The sustainable finance experts at Guidehouse assist banks with their greenhouse gas emission calculations of their loan and investment portfolios.
This initiative kicked off after the Global Alliance for Banking on Values Summit, and is a part of a larger commitment to affect positive social and environmental change throughout the financial industry.
Read more in the GABV press release.