Nordic banking group Nordea not long ago announced it has joined Partnership for Carbon Accounting Financials (PCAF) in purchase to fortify its function to track and evaluate its weather transform threats and impacts.

Financial institutions perform a critical purpose in combatting the impacts of local weather modify and enabling the transition to a low-carbon financial state. Nordea announces now that it has come to be a member of PCAF, a world-wide partnership of money institutions that get the job done with each other to establish and apply a harmonised solution to assessing and disclosing the greenhouse gas (GHG) emissions affiliated with their financial loans and investments.”

Ylva Hannestad, Deputy Head of Group Sustainable Finance, more mentioned that he and his staff are dedicated to performing together with Nordea customers to align with the local weather objectives of the Paris Arrangement. Hannestad extra:

“PCAF will present us with an significant building block in delivering on this determination, namely a reliable and standardised carbon accounting strategy to evaluate our financed emissions.”

Nordea claims to be the biggest economical companies group in the Nordic area and a single of the major banking institutions in Europe. The banking team desires to make a actual difference – for its customers and for the communities in which it operates – by sharing its know-how based mostly on 200 many years in the banking small business.