The Partnership for Carbon Accounting Financials ( PCAF ) has surpassed 600 signatories globally, a major milestone that emphasizes the financial sector’s commitment to standardized accounting and disclosure of greenhouse gas ( GHG ) emissions associated with financial activities.

The PCAF is a global, industry-led initiative of financial institutions, dedicated to building a community that fosters knowledge-sharing and partnerships to drive meaningful, scalable action. It also enables financial institutions worldwide to connect to improve GHG transparency.

Signatories to the PCAF, it points out, benefit from a comprehensive package of support, including access to an extensive emissions factor database, tailored technical assistance and education through the PCAF Academy.

Alongside the growing signatory base, the PCAF has made significant progress in expanding its standard, driving regional and cross-regional collaboration, and welcoming new organizations through its accredited partner programme.

“Becoming a signatory presents an opportunity to build and collaborate with a community focused on sharing knowledge and embedding GHG accounting into regular financial reporting processes,” says Angélica Afanador, the initiative’s executive director. “Reaching 600 signatories is a testament to the power of inclusive growth, with institutions of all types and from every region joining the movement.”