news and press News Dutch initiative from financial institutions is now being copied worldwide
News Utrecht 24 September 2019 12:00 EU/Amsterdam

Dutch initiative from financial institutions is now being copied worldwide

The launch of PCAF Global was announced Monday 23 September. PCAF stands for a methodology developed for the calculation of the carbon footprint of investments. a.s.r. is one of the participants in this initiative, which until now, has only been supported by Dutch financial institutions.

The "Partnership for Carbon Accounting Financials" (PCAF) initiative has been in existence for 4 years and is a collaboration between Dutch financial institutions, to develop a methodology that calculates and reports on the climate impact of their investments. Monday, the launch of PCAF Global was announced in New York. 50 international financial institutions have joined PCAF Global. This is the first step towards a worldwide standard. 

For the Netherlands, a good methodology is now available for a large part of the investment categories. At a.s.r. more than 85% of our investments can be calculated using the carbon footprint! The Executive Board made this a non-financial target in 2018. The aim is to be able to measure the carbon footprint for at least 95% of our investments by 2021.

Partnership for Carbon Accounting Financials (PCAF)
PCAF is a global partnership of financial institutions that work together to develop and implement a harmonized approach to assess and disclose the greenhouse gas (GHG) emissions associated with their loans and investments. The harmonized accounting approach provides financial institutions with the starting point required to set science-based targets and align their portfolio with the Paris Climate Agreement. PCAF enables transparency and accountability and will develop an open-source global carbon accounting standard for financial institutions.
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