EKI Energy Services Enrols in PCAF Accreditation Program to Advance Sustainable Finance
EKI Energy Services Ltd. has announced its enrolment in the Partnership for Carbon Accounting Financials (PCAF) accreditation program, becoming only the second entity in India to undertake this initiative.
December 16, 2024. By Mrinmoy Dey
Sustainable finance is evolving rapidly in India from its nascent stage, fuelled by initiatives like the Reserve Bank of India’s framework for Green Finance and the nation’s pledge to achieve net zero by 2070. Through the PCAF accreditation, EKI aims to empower financial institutions to adopt the PCAF Standard, enabling them to measure and report greenhouse gas (GHG) emissions associated with their loans and investments.
As an accredited PCAF partner, EKI will leverage its extensive expertise in carbon footprint assessment, carbon credit trading, and sustainability strategy to guide financial institutions in integrating science-based targets into their operations. By adopting these standards, institutions can align with the Paris Agreement’s goals and play a pivotal role in accelerating the transition to a low-carbon economy.
Commenting on the collaboration, Manish Dabkara, Chairman and Managing Director of EKI Energy Services Ltd., said, “We are dedicated to empowering organisations to align with global climate objectives and implement impactful climate actions. Joining the PCAF accreditation journey is a significant milestone in our mission to support India and South Asia’s financial institutions in measuring, reporting, and managing their portfolio emissions. Together, we aim to drive the region's transition to a sustainable, low-carbon future.”
Bart van Lunteren, Accredited Partner Lead at PCAF, further added, “We are delighted to welcome EKI as it embarks on its PCAF accreditation journey. This collaboration highlights our shared commitment to equipping financial institutions with the necessary tools and resources for accurate GHG accounting. As India’s sustainable finance spectrum grows, we look forward to seeing EKI contribute to the region’s green economy transformation.”
The PCAF accreditation program involves rigorous training through the PCAF Academy, equipping consultancies with the knowledge and expertise required to support financial institutions in adopting the Global GHG Accounting and Reporting Standard for the financial industry.
please contact: contact@energetica-india.net.
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