PolicyVoluntary standard
PCAF Global GHG Accounting & Reporting Standard
How financial institutions measure the emissions they finance, facilitate and insure.
CThe Collabryx EditorialCurated for the network8 October 2026 · 2 min read
At a glance
- Jurisdiction
- Global (voluntary)
- Status
- Voluntary standard
- Applies to
- Banks, investors and insurers measuring Scope 3 Category 15 emissions.
- Timeline
- Part A — Financed emissions
- Part B — Facilitated emissions (capital markets)
- Part C — Insurance-associated emissions
- Ongoing — Methods extended to new asset classes: check the latest version
- Last reviewed
- June 2026
What it requires
Emissions are attributed to the financial institution in proportion to its share of a client's or project's value — for example outstanding amount divided by enterprise value including cash for listed companies.
Key features
- Methods by asset class, including listed equity and bonds, business loans, project finance, commercial real estate, mortgages, motor vehicle loans and sovereign debt
- A data quality score from 1 (verified, reported emissions) to 5 (estimates from economic activity)
- Separate treatment of financed, facilitated and insurance-associated emissions
Why it matters for your work
PCAF is the de facto method behind financed-emissions disclosure and net-zero banking targets. Improving data quality scores year on year is where most of the work sits.