CTBC joins global carbon accounting partnershipStaff writerCTBC Financial Holding Co (中信金控) has signed on to the Partnership for Carbon Accounting Financials (PCAF), becoming Taiwan’s first financial institution to join the industry-led initiative. “Urgent solutions are required to address the risks brought by climate change,” CTBC Financial president Daniel Wu (吳一揆) said in a news release on Monday. The bank on Monday said that it became Taiwan’s first financial institution to join the Partnership for Carbon Accounting Financials initiative. The Science Based Targets initiative has officially endorsed the PCAF’s methodology as a universal method for calculating and disclosing financial products’ greenhouse gas emissions. In the past two years, CTBC Financial and its subsidiaries have voluntarily joined a raft of international sustainability initiatives.

Source: Taipei Times October 27, 2020 15:56 UTC