Partnership for Carbon Accounting Financials (PCAF)
PCAF is a global financial-industry coalition that develops the Global GHG Accounting and Reporting Standard, enabling 730+ banks, investors, and insurers across 85+ countries to measure and disclose emissions tied to their loans, investments, and insurance activities.
- Company typePrivate
- Founded2019
- HeadquartersFort Bonifacio, Philippines
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Partnership for Carbon Accounting Financials (PCAF) does
The Partnership for Carbon Accounting Financials (PCAF) is a global, member-driven coalition of financial institutions, founded in September 2019 and headquartered in Utrecht, Netherlands, with the Secretariat facilitated by Guidehouse Netherlands B.V. PCAF develops and maintains the Global GHG Accounting and Reporting Standard for the Financial Industry — a three-part methodology covering Financed Emissions (Part A), Facilitated Emissions (Part B), and Insurance-Associated Emissions (Part C) — enabling banks, investors, insurers, and other financial institutions to measure and disclose Scope 3 Category 15 emissions associated with their loans, investments, underwriting, and insurance activities. The 2025 standard update added guidance on Financed Avoided Emissions, Forward-Looking Metrics, securitization, structured products, sub-sovereign debt, and project/treaty insurance.
The initiative's product portfolio centers on the standard itself, supplemented by the PCAF Database and the European Building Emission Factor Database (covering EU countries plus Norway, Switzerland, UK, Serbia, Bosnia & Herzegovina, Kosovo, and Turkey, with CRREM-aligned factors on a 2020 baseline), the PCAF Portal for signatories, and the PCAF Academy training platform (access restricted to signatories and Accredited Partners). PCAF operates regional chapters in Japan and India and maintains a 15-person Global Core Team of signatory representatives that guides standard development; PCAF also sits on the GHG Protocol's Technical Working Group for the Scope 3 Corporate Standard revision.
PCAF's business model is membership-based: financial institutions join as signatories and pay size-based annual fees, with smaller institutions eligible for reduced or zero fees to enable broad inclusion. As of 2025, 730+ financial institutions representing nearly $100 trillion in assets across 85+ countries had joined, and 250+ disclosures had been submitted using the PCAF methodology. Distribution occurs through direct signatory membership and a growing Accredited Partner network of consultancies, software providers, and data providers (including SAP Fioneer, BlueComm, Perse, Measurabl, StepChange, Riverstone Environmental, and EKI Energy Services) that implement PCAF methodologies for financial institution clients.
Partnership for Carbon Accounting Financials (PCAF) firmographics
Firmographics- Name
- Partnership for Carbon Accounting Financials (PCAF)
- Legal name
- Partnership for Carbon Accounting Financials
- Website
- https://carbonaccountingfinancials.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- PCAF is a global financial-industry coalition that develops the Global GHG Accounting and Reporting Standard, enabling 730+ banks, investors, and insurers across 85+ countries to measure and disclose emissions tied to their loans, investments, and insurance activities.
- Ownership category
- akta.pro rank
Partnership for Carbon Accounting Financials (PCAF) industry classification
Industry- Product category
- Climate Accounting and Sustainability Standards
- akta.pro primary industry
- Enterprise Carbon Accounting & GHG Inventory Platforms (EUABAEAA)
- akta.pro secondary industries
- Supply Chain (Scope 3) Emissions & Supplier Engagement Platforms (EUABAEAE), Emissions Factors, LCA & Product Carbon Footprint (PCF) Platforms (EUABAEAD)
Keywords
Where Partnership for Carbon Accounting Financials (PCAF) is headquartered
LocationHeadquarters
- HQ city
- Fort Bonifacio
- HQ country
- Philippines
- HQ region
- Asia
Offices1 record
Markets served
Partnership for Carbon Accounting Financials (PCAF) business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Signatory Annual Fees: Financial institutions joining PCAF pay an annual fee to support PCAF activities. The signatory fee is dependent on the size of the institution, enabling participation of smaller financial institutions with no or low fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Size-based annual membership fees |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
Partnership for Carbon Accounting Financials (PCAF) product offering
Product offeringCore offering
PCAF develops and maintains the Global GHG Accounting and Reporting Standard for the Financial Industry, a harmonized methodology for measuring and disclosing Scope 3 Category 15 emissions associated with loans, investments, and insurance activities. The standard is delivered in three parts (Part A: Financed Emissions, Part B: Facilitated Emissions, Part C: Insurance-Associated Emissions) and is accompanied by supporting data resources, the PCAF Database, training via the PCAF Academy, and Technical Assistance services accessible to signatories and Accredited Partners.
Product overview
The Partnership for Carbon Accounting Financials (PCAF) is a global industry initiative that develops and maintains the Global GHG Accounting and Reporting Standard for the Financial Industry—a harmonized methodology for measuring Scope 3 Category 15 emissions associated with financial activities. PCAF's product portfolio centers on its three-part Standard (Part A: Financed Emissions, Part B: Facilitated Emissions, Part C: Insurance-Associated Emissions), complemented by supporting data resources including the European Building Emission Factor Database, the PCAF Database of emission factors, and the PCAF Portal. Additional offerings include the PCAF Academy training platform, technical webinars, and guidance documents on net-zero building transition. PCAF does not sell commercial software products; instead, it enables a global network of financial institutions, Accredited Partners, and technology providers to implement standardized carbon accounting.
Differentiator
Problem solved
Functional benefit
Products and services
- Global GHG Accounting and Reporting Standard - Part A: Financed Emissions Foundational methodology for financial institutions to measure and disclose greenhouse gas emissions associated with loans, investments, and other financial activities. The 3rd edition (2025) includes supplemental guidance on Financed Avoided Emissions and Forward-Looking Metrics.
- Global GHG Accounting and Reporting Standard - Part B: Facilitated Emissions Methodology for measuring and disclosing greenhouse gas emissions associated with financial activities where financial institutions facilitate capital raisings, underwriting, or advisory services.
- Global GHG Accounting and Reporting Standard - Part C: Insurance-Associated Emissions Methodology for measuring and disclosing Scope 3 Category 15 emissions associated with insurance activities, including project insurance and treaty insurance. The 2nd edition was released in 2025.
- European Building Emission Factor Database Web-based database providing emission factors for commercial real estate and mortgages across all EU countries plus Norway, Switzerland, UK, and select Balkans/Turkey. Includes factors based on CRREM global pathways with baseline year 2020, EPC rating distinctions, and embodied carbon emission factors.
- PCAF Database (Emissions Factor Database) Web-based emission factor database accessible to PCAF signatories and Accredited Partners, containing emissions factors for calculating financed emissions across asset classes.
- PCAF Portal Online platform for PCAF signatories to access resources, manage disclosures, and track progress on emissions measurement and reporting.
- PCAF Academy Comprehensive training platform providing educational content on PCAF methodologies and standards, exclusively available to PCAF signatories and Accredited Partners.
- PCAF Standard Launch 2025 Technical Webinars Series of technical webinars explaining the updated PCAF Standard methodologies, including Use of Proceeds Structures, Avoided Emissions, Forward-Looking Metrics, Securitization, Structured Products, Sub-sovereign Debt, Project Insurance, and Treaty Insurance.
- PCAF Guidance on Financing the Net-Zero Building Transition Guidance document for financial institutions on measuring and tracking financed emissions of mortgage and commercial real estate portfolios towards net-zero, including a four-step net-zero journey framework.
Quantifiable outcome
- 730+ financial institutions measuring and disclosing emissions
- +3 more outcomes
Companies that use Partnership for Carbon Accounting Financials (PCAF)
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Partnership for Carbon Accounting Financials (PCAF) technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Partnership for Carbon Accounting Financials (PCAF) partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and secondary.
- PersecorePerse became the first UK-based Accredited Partner. Perse enables banks and lenders to use actual, meter-level energy consumption data when assessing emissions linked to property portfolios, supporting more accurate portfolio-level emissions reporting in line with PCAF methodologies.
- BlueCommcoreBlueComm joined as Regional Accredited Partner for East Asia and Pacific region. The climate technology company leverages AI-powered analytics and scenario modeling to empower financial institutions to measure, report, manage, and reduce emissions tied to their financial activities using PCAF standards.
- SAP FioneercoreSAP Fioneer joined as Accredited Partner in Europe and Central Asia. Through its ESG KPI Engine, SAP Fioneer supports financial institutions in measuring and disclosing GHG emissions associated with financial activities in alignment with the PCAF Standard. The partnership integrates PCAF-aligned metrics into finance, risk, and credit workflows.
- MeasurablcoreMeasurabl joined as Accredited Partner to support financial institutions in measuring and disclosing GHG emissions associated with financial activities in alignment with Part A of the PCAF Standard. Measurabl is a sustainability data management platform for real estate with over 1,000 organizations across 90+ countries.
- L&T FinancecoreL&T Finance hosted the PCAF India Inaugural Summit 'From Vision to Action' in February 2026. As a leading Indian NBFC with sustainability embedded in business strategy, L&T Finance is instrumental in convening the ecosystem and advancing carbon accounting in India.
- Deutsche BanksecondaryDeutsche Bank hosted PCAF at NY Climate Week 2025 on September 23rd, featuring presentations by PCAF Board of Directors and insights from leading climate finance professionals on financed emissions accounting.
- EKI Energy Services LtdsecondaryEKI Energy Services (formerly EnKing International) is the second entity in India to begin accreditation to become a Regional Accredited Partner. EKI supports financial institutions in adopting the PCAF Standard with expertise in carbon footprint assessment and sustainability strategy.
- Riverstone EnvironmentalcoreRiverstone Environmental is PCAF's first Regional Accredited Partner in Malaysia and Southeast Asia. A leading sustainability consultancy, Riverstone helps financial institutions measure and report carbon emissions and supports Malaysia's 11 financial institutions committed to upholding the PCAF Standard.
- StepChangecoreStepChange is the first Regional Partner in India and the Global South. One of India's leading sustainability platforms, StepChange enables financial institutions to measure, mitigate, and report on emissions across Scopes 1, 2, and 3, including a Financed Emissions Module for portfolio carbon footprint quantification.
Scale indicators5 records
Recent moves9 records
Expansion highlights6 records
Partnership for Carbon Accounting Financials (PCAF) competitors and assessment
Company assessmentDirect peers
- Science Based Targets initiative (SBTi): SBTi defines science-based target-setting methodologies for corporates and financial institutions, directly intersecting with PCAF's financed emissions methodology. Financial institutions use both frameworks in tandem: PCAF for measurement and disclosure, SBTi for target validation, creating strong functional overlap in the climate accounting workflow.
- CDP (Carbon Disclosure Project): CDP runs the dominant global disclosure platform used by investors and corporations for climate (and broader environmental) data. Many PCAF signatories use CDP for Scope 3 financed emissions reporting, positioning CDP as a complementary disclosure channel that competes for the same institutional attention and budget as PCAF-driven disclosures.
- Net-Zero Banking Alliance (NZBA): NZBA is the leading bank-led UN-convened alliance for net-zero commitments, requiring members to set and disclose financed emissions reduction targets using PCAF methodology. As NZBA's analytical backbone for banks, PCAF and NZBA operate as a tightly coupled standard-setting and commitment pair in the banking sector.
- Net Zero Asset Owner Alliance (NZAOA): NZAOA convenes asset owners and insurers on net-zero portfolio targets, again anchored on PCAF methodology for measuring financed and insurance-associated emissions. It is the institutional investor counterpart to NZBA and operates with PCAF as its measurement substrate.
- Task Force on Climate-related Financial Disclosures (TCFD): TCFD established the foundational climate-related financial disclosure framework now being absorbed into ISSB IFRS S2. PCAF's emissions accounting methodologies plug into TCFD/ISSB's Strategy, Metrics & Targets pillars, making them functionally complementary in serving financial institutions' broader climate disclosure obligations.
- GHG Protocol: GHG Protocol sets the foundational corporate GHG accounting standards (Scope 1, 2, 3) on which PCAF's financial-industry standard builds. PCAF's Standard Development Lead sits on GHG Protocol's Technical Working Group, indicating direct interaction and partial functional overlap in defining emissions accounting methodologies used by financial institutions and their investees.
Emerging players
- Institutional Investors Group on Climate Change (IIGCC): IIGCC convenes European institutional investors on climate stewardship and portfolio decarbonization, using PCAF methodology as the underlying emissions accounting reference. It represents a complementary investor coalition competing for the same member attention and policy influence.
- Climate Bonds Initiative: Climate Bonds Initiative sets standards and certification for green/sustainable debt instruments and tracks thematic investing flows. It overlaps with PCAF in fixed-income and project finance asset classes and is increasingly referenced in the same financed emissions disclosures.
Broad incumbents
- MSCI (Sustainability & Climate products): MSCI provides commercial climate data, financed emissions analytics, and ESG ratings to financial institutions using PCAF-aligned methodologies. As a broad incumbent data provider, MSCI competes for the budget and analytical workflow that PCAF seeks to standardize for its signatories.
- S&P Global (Sustainable1 / Trucost): S&P Global Sustainable1 offers financed emissions data, climate risk analytics, and ESG datasets used by financial institutions alongside or in lieu of PCAF's open standard. As a broad incumbent, it competes for the implementation layer of PCAF-aligned disclosure.
Market position
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
Partnership for Carbon Accounting Financials (PCAF) social profiles
Digital presencePartnership for Carbon Accounting Financials (PCAF) financial estimates
Financial estimateRevenue estimate
Valuation estimate
Partnership for Carbon Accounting Financials (PCAF) leadership team
Management profileNumber of profiles
Profiles19 records
Partnership for Carbon Accounting Financials (PCAF) funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Partnership for Carbon Accounting Financials (PCAF) M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Partnership for Carbon Accounting Financials (PCAF)
What does Partnership for Carbon Accounting Financials (PCAF) do?
PCAF develops and maintains the Global GHG Accounting and Reporting Standard for the Financial Industry, a harmonized methodology for measuring and disclosing Scope 3 Category 15 emissions associated with loans, investments, and insurance activities. The standard is delivered in three parts (Part A: Financed Emissions, Part B: Facilitated Emissions, Part C: Insurance-Associated Emissions) and is accompanied by supporting data resources, the PCAF Database, training via the PCAF Academy, and Technical Assistance services accessible to signatories and Accredited Partners.
Is Partnership for Carbon Accounting Financials (PCAF) a public or private company?
Partnership for Carbon Accounting Financials (PCAF) is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Partnership for Carbon Accounting Financials (PCAF) founded?
Partnership for Carbon Accounting Financials (PCAF) was founded in 2019. It employs 11 to 50 people.
Where is Partnership for Carbon Accounting Financials (PCAF) based?
Partnership for Carbon Accounting Financials (PCAF) is headquartered in Fort Bonifacio, Philippines, in the Asia region.
How does Partnership for Carbon Accounting Financials (PCAF) make money?
One revenue line is on record: signatory Annual Fees.
Who are Partnership for Carbon Accounting Financials (PCAF)'s main competitors?
Direct peers on record are Science Based Targets initiative (SBTi), CDP (Carbon Disclosure Project), Net-Zero Banking Alliance (NZBA), Net Zero Asset Owner Alliance (NZAOA), Task Force on Climate-related Financial Disclosures (TCFD) and GHG Protocol. Emerging players are Institutional Investors Group on Climate Change (IIGCC) and Climate Bonds Initiative. Broad incumbents are MSCI (Sustainability & Climate products) and S&P Global (Sustainable1 / Trucost).
Does Partnership for Carbon Accounting Financials (PCAF) have an API?
No public API is recorded for Partnership for Carbon Accounting Financials (PCAF).
What industry is Partnership for Carbon Accounting Financials (PCAF) in?
Partnership for Carbon Accounting Financials (PCAF)'s product category is Climate Accounting and Sustainability Standards. Its primary akta.pro industry code is EUABAEAA, Enterprise Carbon Accounting & GHG Inventory Platforms, with a secondary code of EUABAEAE, Supply Chain (Scope 3) Emissions & Supplier Engagement Platforms.