Nordea joins the Partnership for Carbon Accounting Financials
Nordea takes an important step to further strengthen its work to track and measure its climate change risks and impacts by joining the industry-led Partnership for Carbon Accounting Financials (PCAF).
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This will support Nordea’s commitment to aligning its lending and investment portfolio to the climate goals of the Paris Agreement.
Banks play a crucial role in combatting the impacts of climate change and enabling the transition to a low-carbon economy. Nordea announces today that it has become a member of PCAF, a global partnership of financial institutions that work together to develop and implement a harmonised approach to assessing and disclosing the greenhouse gas (GHG) emissions associated with their loans and investments.
- We are committed to working together with our customers to align with the climate goals of the Paris Agreement. PCAF will provide us with an important building block in delivering on this commitment, namely a consistent and standardised carbon accounting method to measure our financed emissions, says Ylva Hannestad, Deputy Head of Group Sustainable Finance.