Central Bank of India Joins Global PCAF Initiative to Strengthen Climate Risk Management
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Mumbai, November 2, 2026: Central Bank of India has joined the Partnership for Carbon Accounting Financials (PCAF), a global initiative aimed at enabling financial institutions to measure, assess and disclose greenhouse gas emissions associated with their lending and investment portfolios.
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Kalyan Kumar, MD & CEO, Central Bank of India
With this association, the public sector lender will measure and disclose its Scope 3, Category 15 emissions, covering emissions linked to its financial activities, by adopting PCAF’s standardised global methodology.
The move marks an important step in the bank’s efforts to integrate sustainability into its banking operations, enhance climate risk assessment and bring greater transparency to the environmental impact of its financing activities.
The initiative assumes significance against the backdrop of increasing global attention towards climate-related financial risks and the Reserve Bank of India’s proposed framework for climate risk disclosures. By adopting the PCAF framework, the bank aims to strengthen its ability to identify, evaluate and manage climate-related risks across its loan and investment portfolios.
Commenting on the development, Kalyan Kumar, MD & CEO, Central Bank of India, said, “The Central Bank of India envisions a future where banking is synonymous with sustainability, inclusivity, and ethical governance. Becoming a signatory is a testimony to that vision. Measurement and disclosure of emissions associated with financial activities will allow us to better understand climate-related risks within our portfolio and support our customers through the transition to a low-carbon economy.”
Established in 1911 by Sir Sorabji Pochkhanawala, Central Bank of India is among India’s pioneering indigenous commercial banks. Its association with PCAF further reinforces its commitment to responsible banking, environmental sustainability and the integration of climate considerations into financial decision-making.
Through this initiative, the bank seeks to build stronger analytical capabilities, improve portfolio transparency and encourage sustainable financing practices. The adoption of globally recognised carbon accounting standards is also expected to help align its financial operations with the broader transition towards a low-carbon and climate-resilient economy.
The development underscores the growing role of India’s banking sector in advancing sustainable finance, as financial institutions increasingly recognise that climate responsibility is not merely an environmental concern but also an integral part of long-term financial stability and responsible economic growth.
