Saudi Awwal Bank (SAB) has joined the Partnership for Carbon Accounting Financials (PCAF), a global initiative that helps financial institutions measure and disclose greenhouse gas emissions linked to their loans and investments. With over 700 members worldwide, PCAF provides a standardized methodology for assessing financed emissions. SAB's membership aligns with Saudi Vision 2030 and the Saudi Green Initiative, signaling a push for more transparent climate reporting in the region. This move lets SAB evaluate climate exposure across its portfolios and support client transition plans. The bank previously issued a Green Sukuk and a Green Bond in 2025. For carbon markets and climate finance watchers, this is a concrete step toward data-driven emissions tracking in the Gulf, though the real test will be how SAB applies the methodology and whether other regional banks follow.
