Ardshinbank joins Partnership for Carbon Accounting Financials

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YEREVAN, June 18. /ARKA/. Ardshinbank has joined the Partnership for Carbon Accounting Financials (PCAF), the bank reported on Monday./pp

The Partnership for Carbon Accounting Financials (PCAF) is a worldwide collaboration between financial institutions to enable harmonized assessments and disclosures of greenhouse gas emissions financed by loans and investments. With more than 480 financial institutions from six continents, the group is rapidly expanding in North America, Latin America, Europe, Africa and Asia-Pacific./pp

By joining PCAF, Ardshinbank aims to measure and disclose our financed emissions. This commitment aligns with its climate agenda, emphasizing the bank’s dedication to mitigating climate change impacts through responsible investment and lending practices. Joining PCAF allows Ardshinbank to set more informed and ambitious climate targets, demonstrating our leadership in the financial sector’s transition to a low-carbon economy, the bank said in a press release./pp “I am pleased to announce that Ardshinbank CJSC is entering into a strategic partnership with PCAF to launch a comprehensive carbon accounting initiative. This significant collaboration is poised to elevate our environmental stewardship by enhancing the accuracy and quality of our greenhouse gas disclosures.nbsp;/pp

This initiative is a testament to our unwavering dedication to sustainability and responsible business attitude. And we believe that this partnership will not only improve our transparency and accountability in environmental reporting, but also set the respective benchmark in the financial sector.nbsp;/pp

Ardshinbank is proud to take this significant step forward, reinforcing our commitment to environmental responsibility and sustainable growth,” stated Artak Ananyan, Chairman of the Management Board of the bank, said./p