%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(34).png "Punjab National Bank has become a Partnership for Carbon Accounting Financials (PCAF) signatory")
- The PCAF is an international initiative that helps financial institutions measure and disclose their greenhouse gas (GHG) emissions.
- By becoming a signatory, PNB commits to adopting standardized methodologies for carbon accounting.
- This alignment with global standards enables PNB to better understand and manage the environmental impact of its financing activities, supporting its broader sustainability and climate responsibility goals.
- Key points about PCAF:
- Standardized Methodology: Provides a consistent framework for measuring GHG emissions across various financial products and services.
- Transparency: Institutions disclose their carbon footprint, increasing accountability and fostering trust with stakeholders.
- Global Network: Connects PNB with a network of financial institutions committed to climate action and sustainability.
Question:
1 What is the primary objective of the Punjab National Bank Partnership for Carbon Accounting Financials (PCAF)?
- A) To promote financial literacy among underprivileged groups
- B) To establish guidelines for international trade settlements
- C) To enhance digital banking infrastructure in rural areas
- D) To measure and disclose greenhouse gas (GHG) emissions of financial institutions
