Prime Bank has officially joined the Partnership for Carbon Accounting Financials (PCAF), becoming one of more than 700+ global signatories committed to measuring and disclosing greenhouse gas (GHG) emissions associated with financial activities.
As a PCAF signatory, Prime Bank will gain access to specialised accounting tools, technical working groups and peer collaboration, according to a press release.
Faisal Rahman, chief executive officer of Prime Bank, said, "Joining PCAF reflects our unwavering commitment to responsible banking. We believe transparency in carbon accounting is essential to building a resilient financial system that supports Bangladesh's sustainable development goals. By adopting the global standard, Prime Bank ensures it can transparently track, manage, and ultimately reduce the carbon footprint of our capital, ensuring that our financing continues to support a low-carbon, resilient economy for Bangladesh."
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