The Global GHG Accounting and Reporting Standard, developed by the PCAF Global Core Team, is comprised of three parts, A, B and C. 

Part A - Financed Emissions provides detailed methodological guidance to measure and disclose GHG emissions associated with seven asset classes as well as guidance on emission removals:

Part B – Facilitated Emissions provides detailed methodological guidance for measuring and reporting the GHG emissions associated with capital markets issuances.

Part C – Insurance-Associated Emissions provides methodological guidance for measuring and reporting the GHG emissions associated to re/insurance underwriting.

As the Standard and PCAF evolve, additional asset classes and case studies will be added to the Standard.
Using this Standard equips financial institutions with harmonized, robust methods to measure financed emissions, a metric that enables them to:

• Assess climate-related risks in line with the Task Force on Climate-related Financial Disclosures (TCFD).
• Set science-based targets (SBTs) using the sectoral decarbonization approach developed by the Science Based Targets initiative.
• Report to stakeholders like the Carbon Disclosure Project (CDP).
• Inform climate strategies and actions to develop innovative financial products that support the transition toward a net-zero emissions economy.

Part A - Financed Emissions:

Download part A - Financed Emissions 2nd edition (2022)

Download part A - Financed Emissions (Executive Summary)

The previous version of the Global GHG Accounting and Reporting Standard is available for reference: Part A – Financed emissions 1st edition (2019)

Built on GHG Protocol

The first edition of this Financed Emissions Standard has been reviewed by the GHG Protocol and is in conformance with the requirements set forth in the Corporate Value Chain (Scope 3) Accounting and Reporting Standard, for Category 15 investment activities. The newly added sovereign debt methodology and guidance on emission removals in this second edition are pending GHG Protocol review and approval.

The PCAF Disclosure Checklist

As part of PCAF’s efforts to drive standardization and quality of GHG emissions reporting, the Technical Assistance team has developed a disclosure checklist to support financial institutions to produce PCAF-aligned disclosures.

From the start of 2025, the PCAF Secretariat will use this checklist in the process of reviewing new disclosures before uploading them to this website, offering greater credibility to both PCAF and our Signatories whilst growing the value-add of having disclosures listed here.

The Disclosure Checklist for Part A Financed Emissions is available for download here.

Download the PCAF Disclosure Checklist

Part B - Facilitated Emissions:

Download part B - Facilitated Emissions

Part C - Insurance-Associated Emissions:

Download part C - Insurance-Associated Emissions

Download part C - Insurance-Associated Emissions (Executive Summary)

Download and read the Frequently Asked Questions about Insurance-Associated Emissions (pdf).

Download and consult the PCAF personal motor industry attribution factor approach (pdf) for more information on the (Industry) attribution factor.

Watch the Standard Launch recording