BC Partners joins Partnership for Carbon Accounting Financials

by Alice Murray 5 November 2021

BC Partners has announced its plans to join the Partnership for Carbon Accounting Financials (PCAF), a global collaboration between financial institutions to develop a global, standardised methodology to measure and disclose financed emissions. 

Committing to the PCAF means the firm will report GHG emissions across its private equity, credit, and real estate portfolio according to the PCAF Standard within the next three years.

BC Partners chair Raymond Svider said: "Our belief is clear: thoughtful ESG strategy drives strong investment outcomes and serves the broader interests of our investors. Joining PCAF is a pivotal step for our firm, allowing us (and our investors) to better understand and manage the risks of climate change. We are also incredibly proud to be able to once again be early adopters of an important ESG initiative, and encourage our peers in private markets to join us to improve GHG calculation and disclosure"

BC Partners' head of ESG Colin Etnire added: "Understanding financed emissions is vital for investors to navigate climate change. We are particularly excited to join PCAF and take advantage of their emissions factor database and technical support from Guidehouse, which will help us more precisely calculate GHG exposure in our portfolio, and use it to inform how we can improve emissions management at our portfolio companies."

PCAF is a global partnership of more than 170 financial institutions across five continents working together to develop and implement a uniform approach to assess and disclose greenhouse gas emissions financed by loans and investments. The partnership was launched in Europe in 2015 and globally in 2019, and currently represents over $54.5 trillion in total financial assets.

Categories: NewsESGESG policyESG regulationESG updateReporting & Transparency Accounting standards

4 December 2023

MUFG IS anchors in Malaysia

New office to provide full-service offering across fund accounting, administration and asset servicing

4 December 2023

Quantium partners with Microsoft Azure

Investment management software stores data and has built its investor portal on Microsoft’s cloud computing platform

1 December 2023

Hillhouse opens London office

The London operations team of the investment firm will be led by vice president Hallie Fishman

1 December 2023

ESG, retail investors and you

The latest Efama conference brought together regulators and asset managers who championed the idea for product instead of fund labels and brainstormed ideas for retailisation

30 November 2023

SDCL acquires Volery Capital

Firm aims to expand into US with acquisition which sees Ares Management and Folsom Point Funding continue to hold minority stakes in Volery

29 November 2023

Kroll launches risk assessment tool

Offering includes portfolio monitoring and diligence, streamlined data collection and benchmarking