The Partnership for Carbon Accounting Financials has launched the second version of its global carbon emissions accounting and reporting standard for financed emissions, which introduces accounting guidelines on sovereign debt and carbon removal activities.
The new standards have been designed with the assistance of 22 financial companies, including both large, international names like BlackRock and Morgan Stanley, and specialist and regional ones like Triodos Bank and Banco Pichincha, as well as the UN-backed Net-Zero Asset Owner Alliance.
A service from the Financial Times