Utrecht, 16 December 2024: The Partnership for Carbon Accounting Financials (PCAF) today announces a new collaboration with EKI Energy Services Ltd. (erstwhile EnKing International), a leader in carbon consulting and climate action in India. EKI is the second entity in India to join the program to become an accredited partner of PCAF, reinforcing the growing momentum of GHG accounting in the market.
India is rapidly positioning itself as a leader in sustainable finance in South Asia, supported by significant initiatives such as the Reserve Bank of India’s Framework for Green Finance and the country’s commitments to achieving net-zero by 2070. Enrolling in the process to become an accredited partner of PCAF underscores EKI’s ambition to help financial institutions align with global climate goals, measure and report emissions associated with financial activity, and transition to a low-carbon economy.
As an accredited partner of PCAF, EKI will support financial institutions in adopting the PCAF Standard. With its extensive expertise in carbon footprint assessment, carbon credit trading, and sustainability strategy positions, EKI is as an influential player in driving accountability and progress in India’s financial sector.
“EKI is deeply committed to enabling organizations in aligning with global climate objectives and drive impactful climate action. Becoming an accredited regional partner of PCAF marks an important milestone in our mission to empower financial institutions across India and South Asia with the tools and expertise needed to measure, report, and manage their portfolio emissions. By supporting these institutions to adopt PCAF standards and set science-based targets, we aim to catalyze progress toward a sustainable, low-carbon future.”
Manish Dabkara, Chairman and Managing Director of EKI Energy Services Ltd.
“We welcome EKI as it begins its journey to becoming an accredited partner of PCAF. This collaboration underscores our commitment to equipping organizations with the necessary training and resources to support the financial sector in accurate GHG accounting. India’s sustainable finance landscape is evolving rapidly, and we look forward to contributing to the region’s transition towards a greener economy.”
Bart van Lunteren, Accredited Partner Lead at PCAF
The PCAF accredited partner program for consultancies involves a robust accreditation process that consists of completing PCAF’s comprehensive training platform, the PCAF Academy.
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About PCAF
The Partnership for Carbon Accounting Financials (PCAF) was launched globally in September 2019. Currently, more than 550 financial institutions have subscribed to the PCAF initiative. PCAF signatories work together to develop the Global GHG Accounting and Reporting Standard for the Financial Industry to measure and disclose the greenhouse gas emissions of their loans and investments. By doing so, PCAF signatories take an important step to assess climate-related risks, set targets in line with the Paris Climate Agreement, and develop effective strategies to decarbonize our society.
About EKI Energy Services Ltd. (erstwhile EnKing International)
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra - a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
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