First in Asia: CTBC reveals financed emissions using PCAF methodologyStaff writerCTBC Financial Holding Co (中信金控) has disclosed its financed emissions after completing an inventory using the industry-leading Partnership for Carbon Accounting Financials (PCAF) methodology, becoming the first company in Asia to do so. “Financial institutions like us need to use our influence to make this low-carbon transition happen,” he added. The company will continue to track the GHG emissions of each financial business line and conduct more comprehensive assessments and disclosures, it said. In November last year, PCAF published the first edition of The Global GHG Accounting and Reporting Standard for the Financial Industry. To date, 138 financial institutions worldwide with assets totaling more than US$42 trillion have joined PCAF.

Source: Taipei Times July 08, 2021 15:56 UTC