IndusInd Bank Limited joins the Partnership for Carbon Accounting Financials

IndusInd Bank, today, announced that it has joined the Partnership for Carbon Accounting Financials (PCAF), a global collaboration of financial institutions working to develop and implement a harmonised approach for measuring and disclosing greenhouse gas (GHG) emissions associated with financial activities.

As part of its sustainability journey, IndusInd Bank is committed to integrating environmental, social and governance (ESG) considerations into its business strategy and risk management processes. Joining PCAF marks an important milestone in the Bank's efforts to enhance transparency, strengthen climate-related disclosures, and establish a robust framework for measuring and managing the carbon footprint associated with its lending and investment portfolio.

PCAF enables financial institutions to assess and disclose the emissions linked to their financial activities, helping them better understand climate-related risks and opportunities while supporting the transition to a more sustainable economy. With more than 750 financial institutions participating globally, PCAF has become the leading framework for Scope 3 Category 15 accounting.

IndusInd Bank has been steadily advancing its sustainable finance agenda by financing renewable energy, energy efficiency, sustainable infrastructure, and other climate-positive sectors. By adopting the PCAF methodology, the Bank aims to establish a credible baseline for emissions associated with financial activities, identify decarbonization opportunities across sectors, and support customers in their transition towards lower-carbon business models.

Shares of IndusInd Bank Limited was last trading in BSE at Rs. 1010.00 as compared to the previous close of Rs. 1032.00. The total number of shares traded during the day was 47881 in over 2793 trades.

The stock hit an intraday high of Rs. 1023.85 and intraday low of 1003.00. The net turnover during the day was Rs. 48366518.00.

Source : Equity Bulls

Keywords

IndusIndBank INE095A01012 Partnership CarbonAccountingFinancials