Union Bank of India Becomes the First Major Bank to Join the Partnership for Carbon Accounting Financials (PCAF).

Banking & Finance

Union Bank of India has achieved a significant milestone by becoming the first major Indian bank to join the Partnership for Carbon Accounting Financials (PCAF). PCAF is a global initiative aimed at developing and implementing a standard for carbon accounting in the financial sector. By joining PCAF, Union Bank of India commits to measuring and managing the greenhouse gas emissions associated with its loan and investment portfolios. This move aligns with the bank's sustainability goals and demonstrates its leadership in environmental responsibility. It marks a crucial step in enhancing transparency and accountability in the financial industry's efforts to combat climate change.


      Union Bank of India's PCAF membership will enhance its climate risk management and transparency in financial reporting.

      The bank's PCAF involvement reflects a commitment to global climate initiatives and supports sustainable finance practices.

     

 

     


About Union Bank of India,

Managing Director & CEO : A. Manimekhalai
Headquarter : Mumbai
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