YEREVAN, April 3. /ARKA/. Unibank has joined the Partnership for Carbon Accounting Financials (PCAF), reinforcing its commitment to integrating climate considerations into its financial activities and improving transparency around emissions.
The Partnership for Carbon Accounting Financials (PCAF) is a collaboration between financial institutions worldwide to enable harmonized assessments and disclosures of greenhouse gas emissions financed by loans and investments. With more than 700 financial institutions from six continents, the group is rapidly expanding in North America, Latin America, Europe, Africa and Asia-Pacific.
By joining PCAF, Unibank aims to adopt globally recognized methodologies to measure and disclose emissions associated with its financial activities.
“This is an important step in strengthening our approach to become a climate-neutral institution. It enables us to effectively manage the climate impact of our portfolio, increase transparency for our stakeholders, and support both our long-term commitment to responsible banking and our clients in their transition to a lower-carbon economy,” said Vaghinak Stepanyan, Deputy Chairman of the Management Board of Unibank.
This initiative supports the bank’s broader climate agenda, enhances risk management practices, and contributes to the transition to a green economy.
