PNB Joins PCAF, Strengthens Climate Action Commitments
Punjab National Bank (PNB), India’s second-largest public sector bank, has become a signatory of the Partnership for Carbon Accounting Financials (PCAF), marking a major step in its climate action journey. This decision aligns with global standards for greenhouse gas (GHG) emissions accounting and the Reserve Bank of India’s (RBI) draft framework on climate-related financial risk disclosures, showcasing PNB’s dedication to sustainability and climate transparency.
PNB’s association with PCAF reflects its commitment to adopting global best practices in sustainability. This initiative strengthens its role as a responsible financial institution, contributing significantly to climate action and aligning with evolving global and domestic environmental standards.
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