Union Bank of India Joins PCAF

The Union Bank of India has joined the Partnership for Carbon Accounting Financials (PCAF), an initiative aimed at enhancing transparency and accountability in financial institutions’ carbon accounting. By joining PCAF, the Union Bank of India commits to measuring and disclosing the carbon emissions associated with its lending and investment activities. This move aligns with global efforts to address climate change and promote sustainable finance. The bank’s participation in PCAF reflects its dedication to integrating environmental considerations into its financial practices and contributing to the global climate action agenda. This step is part of a broader trend among financial institutions to adopt sustainable practices and enhance their environmental stewardship.