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This project had the objective of supporting member organizations in developing knowledge on “financed emissions” and subsequently being able to derive quantitative decarbonization targets for financial portfolios.
Our solution
denkstatt prepared and held a workshop series for the member organizations focusing on:
- Calculating “financed emissions” in accordance with Global Carbon Accounting Standard from the Partnership for Carbon Accounting Financials (PCAF).
- Development and submission of science-based targets by the SBTi
Client benefit
Member organizations know and understand the calculation of their financed emissions. This allows the estimation of the climate impact on the respective financial portfolios. The project raised awareness for and understanding of existing climate standards for financial institutions. Science-based targets can now be developed and validated.
