Schneider Electric, the leader in the digital transformation of energy management and automation, announced its collaboration with the Partnership for Carbon Accounting Financials (PCAF), becoming their first global sustainability consultant partner, effective January 1, 2025. This strategic collaboration marks a significant step in delivering innovative solutions to clients in the financial services sector.
As a leader in sustainability, Schneider Electric is committed to empowering financial institutions to accurately measure and report their financed emissions. The partnership with PCAF will further enhance capabilities in guiding financial clients through their sustainability journeys. Utilizing PCAF's GHG accounting methodologies, the collaboration aims to support financial institutions in addressing and meeting their climate challenges and goals while fostering a low-carbon transition.
"We are excited to be PCAF's inaugural global sustainability partner which underscores our dedication to equipping organizations with the tools and expertise needed to navigate financed emissions accounting effectively," said Erik Mohn, Vice President, Global Sustainability Consultancy & Reporting Services for Schneider Electric. "Together, we aim to improve the measurement and disclosure of investment-related emissions and support our clients in their portfolio decarbonization efforts."
The PCAF-accredited partner program for consultancies involves a robust accreditation process that consists of completing PCAF's comprehensive training platform, the PCAF Academy. Once complete, Schneider Electric will leverage its extensive experience in sustainability consulting to help financial institutions improve their GHG disclosures, integrate decarbonization strategies and implementation roadmaps into their investment profiles, unlocking new opportunities while promoting social good on a global scale.
"We look forward to working closely with Schneider Electric to enhance the capabilities of financial institutions in measuring and reporting their carbon emissions. Our accredited partnership program is a crucial part of our efforts to support financial institutions in their efforts towards decarbonization and is key to accelerating the transition towards a more sustainable and equitable global economy." Bart Van Lunteren, Head of Partnerships for PCAF.
Join January 30th at 10 AM EST for an insightful webinar, "Sustainable Impact Through Financial Accounting," with ESG Today. The webinar will delve into the global impact of this partnership, and also explore some of the latest emerging trends in ESG and financial accounting.