SÃO PAULO, July 19, 2021 /PRNewswire/ — BTG Pactual (BPAC11), the biggest Investment decision Financial institution in Latin America, announces that it has joined the Partnership for Carbon Accounting Financials (PCAF). PCAF is a collaboration of money institutions close to the entire world for harmonizing assessments and disclosures of greenhouse gas emissions funded by loans and investments. With a lot more than 140 financial institutions and investors from 5 continents, the team is promptly growing into North The usa, Latin The us, Europe, Africa and the Asia-Pacific.
“Joining PCAF will permit us to make an stock of emissions not only from our very own pursuits, but also from the organizations and investments in which we operate right or indirectly, in a comparable way with that of our peers”, notes Rafaella Dortas, the director liable for ESG at BTG Pactual.
By signing with PCAF, BTG Pactual is committed to measuring and disclosing the greenhouse fuel emissions of its portfolio firms inside of three many years, although learning and sharing trustworthy GHG accounting procedures and encounter.
“This is an essential milestone in our ESG agenda, reflecting the Bank’s motivation to sustainability”, claims BTG Pactual CEO Roberto Sallouti.
In 2019 and 2020, BTG Pactual offset 100% of its immediate carbon emissions and indirect emissions from air travel, personnel transportation and squander created in functions. Also very last 12 months, BTG designed the Impact Investing place, which encourages creating products and solutions and providers that mix economic returns with a optimistic social and environmental impact. In 2021, the lender joined the Nasdaq Sustainable Bond Community (SBNS), a databases of the US inventory exchange that gathers details on the principal difficulties of sustainable bonds all around the environment.
About BTG Pactual
BTG Pactual (BPAC11) is the major investment decision financial institution from Latin The us, functioning in Expense Banking, Corporate Lending, Income & Trading, Wealth Management and Asset Administration. Since inception, in 1983, the Bank has been run dependent on a meritocratic partnership lifestyle, focused on clientele, excellence and a long-phrase eyesight. We have cemented our standing as one of the most progressive sector gamers and have received many countrywide and worldwide awards. http://www.btgpactual.com
About the Partnership for Carbon Accounting Financials (PCAF)
PCAF was released globally in September 2019. At this time, much more than 140 banks and investors have subscribed to the PCAF initiative. PCAF individuals do the job collectively to jointly produce the Global GHG Accounting and Reporting Conventional for the Money Marketplace to measure and disclose the greenhouse gas emissions of their financial loans and investments. https://carbonaccountingfinancials.com/
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Source BTG Pactual
