We are taking an important step to protect our future! As QNB Group, we have become a signatory of the "Partnership for Carbon Accounting Financials" (PCAF). With this membership, we increase our environmental transparency by measuring the emissions from our loans and investments in accordance with international standards. We will continue to work together for a more sustainable future!
PCAF membership facilitates the Bank’s measurement of greenhouse gas emissions arising from its loans and investments, ensuring greater transparency and accountability of the Bank’s environmental impact. PCAF supports this effort by setting the standard, providing guidance, building capacity, and providing technical support and access to an emission-factor database.
The PCAF is a collaboration between financial institutions worldwide to enable harmonized assessments and disclosures of greenhouse gas emissions financed by loans and investments. With approximately 500 financial institutions from six continents, the group is rapidly expanding in North America, Latin America, Europe, Africa and Asia-Pacific.
