EFRAG joins PCAF Engagement Group

The European Financial Reporting Advisory Group (EFRAG) has joined the Partnership for Carbon Accounting Financials (PCAF) Engagement Group for Central Banks and Financial Regulators. The group provides a forum for dialogue and collaboration among standard setters, regulators and financial institutions to promote consistent approaches to accounting for emissions associated with financial activities.

EFRAG stated that participation in the group will support greater transparency, consistency and comparability in climate-related disclosures, while strengthening the connection between sustainability reporting frameworks and greenhouse gas accounting methodologies.

The press release may be accessed here.