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Achmea Bank joins the Partnership for Carbon Accounting Financials

Monday 29 March 2021

Achmea Bank N.V. joins the Partnership for Carbon Accounting Financials (PCAF) and started using the PCAF methodology to calculate the carbon footprint of her mortgage portfolio.

The Partnership for Carbon Accounting Financials (PCAF) is a collaboration between financial institutions worldwide to enable harmonized assessments and disclosures of greenhouse gas emissions financed by loans and investments. With more than 100 banks and investors from five continents, the group is rapidly expanding in North America, Latin America, Europe, Africa and Asia-Pacific.

Achmea Bank published Greenhouse Gas Emissions Report 2020

Addressing the urgent challenge of climate change, and decarbonizing our economy, is more pressing now than ever. Banks can facilitate the energy transition. That is why we have committed ourselves to the Paris Climate Agreement to reduce, measure and disclose the greenhouse gas (GHG) emissions associated with our mortgage portfolio. Standardized disclosure methodologies create transparency and accountability. We have published our second Greenhouse Gas Emissions Report. This report can be downloaded from our website.

Pierre Huurman, chairman of Achmea Bank’s Executive Board: “We believe we can make a positive impact by helping our customers to make their homes more energy efficient. Therefore we proactively inform our customers about the options to make their homes more sustainable. Our brands Centraal Beheer and Woonfonds offer a variety of solutions and also the option to finance them as part of the mortgage. To align our portfolio with the goals of the Paris Climate Agreement our goal is that our mortgage portfolio has an average energy label A in 2030". 

About the Partnership for Carbon Accounting Financials (PCAF)

In September 2019, the Partnership for Carbon Accounting Financials (PCAF) was launched globally. Currently, more than 100 banks and investors have subscribed to the PCAF initiative. PCAF participants work together to jointly develop The Global GHG Accounting and Reporting Standard for the Financial Industry to measure and disclose the greenhouse emissions of their loans and investments. By doing so, PCAF participants take an important step to assess climate-related risks, set targets in line with the Paris Climate Agreement and develop effective strategies to decarbonize our society. For more information see carbonaccountingfinancials.com/

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