We are proud to announce our membership in the Partnership for Carbon Accounting Financials (PCAF). This move is a step forward in our commitment to sustainability: it demonstrates our action to integrate carbon accounting into our core business practices.
About the Partnership for Carbon Accounting Financials.
The Partnership for Carbon Accounting Financials is a global collaboration of financial institutions that work together to develop and implement a harmonised approach to assessing and disclosing greenhouse gas (GHG) emissions associated with loans and investments. By joining PCAF, we align ourselves with an esteemed network of banks, asset managers, and other financial entities dedicated to fostering transparency and accountability in carbon emissions reporting.
As a member of PCAF, we will adopt standardised methodologies to measure and disclose the GHG emissions linked to our financial activities. This standardised approach enables us to better understand the carbon footprint of our lending and investment portfolios. It will also allow our employees, customers and other stakeholders to gain a clearer understanding of our climate-related impacts.
“Joining the Partnership for Carbon Accounting Financials is a significant milestone in Beyond Bank Australia's climate journey” said Brooke Avory, Sustainability Manager. “With over 90% of our total emissions coming from our lending and investment activities, measurement will help to inform future decisions towards a lower carbon trajectory.”
Joining PCAF requires us to commit to disclose the greenhouse gas emissions in our loan and investments portfolio by 2028, using PCAF methodology. We are aiming to achieve that well before as we work towards publishing our first climate disclosures in 2026.
