Mumbai: IndusInd Bank, today, announced that it has joined the Partnership for Carbon Accounting Financials (PCAF), a global collaboration of financial institutions working to develop and implement a harmonised approach for measuring and disclosing greenhouse gas (GHG) emissions associated with financial activities.
PCAF enables financial institutions to assess and disclose the emissions linked to their financial activities, helping them better understand climate-related risks and opportunities while supporting the transition to a more sustainable economy. With more than 750 financial institutions participating globally, PCAF has become the leading framework for Scope 3 Category 15 accounting.
IndusInd Bank has been steadily advancing its sustainable finance agenda by financing renewable energy, energy efficiency, sustainable infrastructure, and other climate-positive sectors. By adopting the PCAF methodology, the Bank aims to establish a credible baseline for emissions associated with financial activities, identify decarbonization opportunities across sectors, and support customers in their transition towards lower-carbon business models.
