VeloBank has joined the Partnership for Carbon Accounting Financials (PCAF), the bank said in its announcement. VeloBank says joining PCAF will help it take a more structured approach to measuring emissions associated with its financial activities.
PCAF says its signatories commit to use its standards to measure and disclose greenhouse gas emissions linked to their financial activities. aboutmarketing.pl says the methodology can estimate emissions associated with corporate, mortgage and car loans, and that VeloBank is one of 13 PCAF signatories in Poland.
The outlet said access to partner expertise and market practices is expected to help VeloBank improve the quality of its data and refine goals in its ESG strategy and transition plan. PCAF says its signatories commit to measuring and disclosing emissions associated with their financial activities.
