Key Impact Points:
- First of its kind: Schneider Electric becomes the first global sustainability consultant to join PCAF’s accredited partnership program.
- Enhanced GHG disclosures: The partnership will empower financial institutions to measure, report, and decarbonize financed emissions using PCAF’s GHG accounting methodologies.
- Strategic support for clients: Schneider Electric aims to guide financial institutions in integrating decarbonization strategies into investment profiles.
A Bold Partnership for Climate Action
Schneider Electric, a global leader in energy management and automation, announced its collaboration with the Partnership for Carbon Accounting Financials (PCAF) as its first accredited global sustainability consultant partner. Effective January 1, 2025, this partnership underscores Schneider Electric’s commitment to delivering innovative sustainability solutions for the financial sector.
Supporting Financial Institutions in Carbon Disclosure
As the inaugural global sustainability partner, Schneider Electric will work alongside financial institutions to enhance their greenhouse gas (GHG) disclosures and implement decarbonization strategies. This collaboration leverages PCAF’s robust GHG accounting methodologies to address critical climate challenges and advance the low-carbon transition.
“We are excited to be PCAF’s inaugural global sustainability partner, which underscores our dedication to equipping organizations with the tools and expertise needed to navigate financed emissions accounting effectively,”
said Erik Mohn, Vice President, Global Sustainability Consultancy & Reporting Services for Schneider Electric.
PCAF’s Accreditation and Mission
PCAF’s accredited partner program involves rigorous training through its PCAF Academy. Schneider Electric’s participation will further strengthen its ability to help financial institutions integrate sustainability practices and achieve portfolio decarbonization goals.
Bart Van Lunteren, Head of Partnerships for PCAF, emphasized,
“Our accredited partnership program is a crucial part of our efforts to support financial institutions in their efforts towards decarbonization and is key to accelerating the transition towards a more sustainable and equitable global economy.”
Upcoming Webinar: “Sustainable Impact Through Financial Accounting”
Join Schneider Electric and ESG Today for a webinar on January 30th at 10 AM EST to explore the global impact of this partnership and the latest ESG trends.
For further information, contact Schneider Electric’s private equity and financial services team.
Related Article: Schneider Electric Reports Highlight AI’s Dual Impact on Energy Use and Sustainability
About PCAF
Launched globally in 2019, PCAF is a coalition of over 530 banks and investors collaborating to develop the Global GHG Accounting and Reporting Standard for the Financial Industry. It plays a vital role in aligning climate-related targets with the Paris Agreement.
