India, Nov. 2 -- Public sector lender to measure and disclose emissions from loans and investments, strengthening its climate risk assessment.
Mumbai : Central Bank of India has joined the partnership for Carbon Accounting Financials (PCAF), a global initiative that enables financial institutions to measure and disclose greenhouse gas emissions associated with their lending and investment activities.
As a signatory, the bank will measure and disclose its Scope 3, Category 15 emissions, associated with financial activities using PCAF's standardised methodology. The move is aimed at strengthening climate risk assessment, improving portfolio transparency and supporting customers in transitioning towards a low-carbon economy.
The initiative ...