In the pursuit of a sustainable future, the financial industry plays a crucial role in mitigating climate change by aligning its practices with environmentally conscious standards. The Partnership for Carbon Accounting Financials (PCAF) has emerged as a key player in this space, introducing the Global GHG Accounting and Reporting Standard specifically tailored for the financial sector. This groundbreaking standard is designed to measure and disclose the greenhouse gas (GHG) emissions related to business sectors associated with financial activities, providing transparency and accountability in the fight against climate change. While the SEC’s proposed Climate Disclosure Rule awaits its verdict, that doesn’t mean financial institutions are off the hook.

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