IndusInd Bank Joins Carbon Accounting Financials Partnership

IndusInd Bank has joined the Partnership for Carbon Accounting Financials (PCAF), a global initiative that helps financial institutions measure and disclose the carbon emissions associated with their loans and investments. The move signals growing adoption of standardized carbon accounting in India's banking sector, where lenders are increasingly expected to report on the climate impact of their portfolios. PCAF provides a common framework for banks to assess financed emissions, which is a key step for aligning lending practices with net-zero targets. For IndusInd Bank, this partnership means it can now use PCAF's methodology to track and report its financed emissions, making its climate disclosures more transparent and comparable with international peers. The announcement is part of a broader trend where Indian banks are starting to integrate climate risk into their operations. While the bank has not yet published specific emissions data, joining PCAF is a practical step toward building that capability. It also puts pressure on other lenders in the region to follow suit, as investors and regulators push for more consistent climate reporting.