Kumari Bank Limited Joins Global Partnership Carbon Accounting Financials
Summary
Kumari Bank Limited has joined the Partnership for Carbon Accounting Financials to measure and report greenhouse gas emissions from its loans and investments. The move will help the bank assess financed emissions and factor climate risks into its lending and investment decisions.
Key Points
- Kumari Bank Limited has joined the Partnership for Carbon Accounting Financials (PCAF), a global network for measuring financed emissions.
- The bank will assess greenhouse gas emissions linked to its loans and investments under PCAF’s global standards.
- The initiative is intended to help Kumari Bank factor climate risks and environmental impact into its financing decisions.
- Kumari Bank said the step supports its broader efforts to integrate environmental factors into lending and investment activities.
