PCAF and StepChange Collaborate to Transform Financial Sustainability in India

The Partnership for Carbon Accounting Financials (PCAF) has announced a collaboration with India’s StepChange, enhancing their sustainability efforts. This partnership aims to improve carbon emissions measurement and management in the financial sector, supporting India's alignment with global sustainability goals and attracting international investment.

Utrecht, 22 August 2024: The Partnership for Carbon Accounting Financials (PCAF) has announced a significant collaboration with StepChange, one of India's principal sustainability platforms. This move marks StepChange as the first accredited regional partner in the Global South, hoping to strengthen PCAF's footprint in the region.

This collaboration intends to aid the transition to a sustainable economy, enhancing economic resilience, luring global investment, and boosting transparency and accountability. StepChange's recognition follows dual accreditation from the Global Reporting Initiative (GRI) and the IFRS Foundation, milestones that reinforce its authority in sustainability.

Nagadarsan Suresh, Strategic Partnerships Lead for PCAF, expressed excitement about this venture with StepChange, emphasizing its role in facilitating India's climate goals. Ankit Jain, Co-Founder & CEO of StepChange, highlighted the importance of this partnership in advancing financial institutions' decarbonization journeys. The PCAF accredited partner program provides the necessary tools and support to measure and manage greenhouse gas emissions.

Interested parties can contact PCAF for more information about the program at info@carbonaccountingfinancials.com.

(With inputs from agencies.)