The Partnership for Carbon Accounting Financials (PCAF) has issued a public consultation on its newly developed methods for measuring and reporting financed greenhouse gas (GHG) emissions. The first of two consultation documents outlines new methods and guidance for measuring financed emissions that fall under or support Part A of PCAF’s Global GHG Accounting and Reporting Standard. It covers use of proceeds accounting, securitised and structured products, and sub-sovereign debt. The second document presents methods for two new lines of business under Part C of the standard – project insurance and treaty reinsurance – to expand emissions measurement capabilities within the international insurance sector. “As the need for greater transparency and accountability in climate reporting grows, PCAF remains committed to continuously expanding the standard to provide the international financial sector with increasingly robust tools for emissions measurement,” said Hetal Patel, Chair of the PCAF core team. The proposed methods were developed by industry-led working ground made up of PCAF signatories. “[The consultation represents an important step forward in refining global standards that promote credible and consistent data reporting across the financial sector,” said Caspar Noach, PCAF’s Technical Director. Respondents have until 28 February 2025 to submit their feedback.
