Kathmandu. Machhapuchchhre Bank has partnered with the Partnership for Carbon Accounting Financials (PCAF). The bank has collaborated with PCAF, which has been working in the area of measurement and evaluation of greenhouse gas emissions from financial activities.

The bank said in a statement that it partnered with PCAF because it was aware of the growing global greenhouse gas problem and the serious problems it could cause in the future. The bank believes this partnership with PCAF will further strengthen its environmental responsibility in its business practices and long-term strategy.

According to the statement, this collaboration will strengthen the Bank’s climate agenda, understand the environmental impact of financial actions and enhance its capacity to manage climate risks. PCAF plays a critical role in enabling banks and financial institutions to identify greenhouse gas emissions from their financial activities and adopt reliable climate strategies through globally recognized standards.