Multitude Enhances Sustainability with PCAF Membership

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by KnowESG
KnowESG_Multitude Enhances Sustainability with PCAF Membership
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Multitude SE, an internationally regulated growth platform for financial technology, has announced its membership in the Partnership for Carbon Accounting Financials (PCAF).

This affiliation underscores Multitude's dedication to advancing environmentally friendly financial services. Recognising the imperative for collaborative efforts in addressing climate change, Multitude is steadfast in its commitment to facilitating the transition towards a low-carbon economy.

PCAF, a global initiative uniting over 440 financial institutions across six continents, concentrates on standardising assessments and disclosures of greenhouse gas emissions related to loans and investments.

Multitude now stands alongside esteemed financial innovators such as Barclays, Morgan Stanley, Citi, Bank of America, ABN AMRO, and Lloyds, aligning with the shared objective of establishing precise carbon accounting standards in the financial sector. As Multitude's presence rapidly extends across North America, Latin America, Europe, Africa, and Asia-Pacific, PCAF's membership exceeds 100 institutions, including approximately 80 banks.

As an integral component of its Environmental, Social, and Governance (ESG) strategy, the Group endeavours to proactively manage its environmental impact. Since 2022, Multitude has implemented progressive measures to enhance the monitoring of its carbon footprint, particularly concerning SME and corporate lending activities.

Joining PCAF empowers Multitude to significantly enhance its carbon accounting practices, as it adheres to a well-defined standard for measuring and disclosing financed emissions. This initiative informs strategic actions that align with the objectives of the Paris Agreement and contributes to effective climate risk management.

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Source: Multitude

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