PCAF Expands Global GHG Accounting Standard for Finance and Insurance
• The updated PCAF Standard adds new methodologies covering use-of-proceeds structures, securitisations, structured products, sub-sovereign debt, treaty reinsurance and project insurance.• More than 100 experts from institutions across all regions contributed to the development process through PCAF’s industry-led working groups.• The expansion equips banks, insurers and asset owners with clearer mechanisms to quantify financed and […]
BMW Group sets 2035 Climate Target to Cut CO2e by at Least 60 Million Tons
• BMW Group raises its long-term climate ambition, targeting at least 60 million tons of CO2e savings by 2035 compared to 2019.• The new goal adds roughly 20 million tons of additional reductions beyond the company’s existing 2030 target.• Measures span renewable energy, supply chain decarbonization, secondary materials, efficiency gains, and wider electrification. BMW Group […]
