Capri Loans Joins PCAF for Enhanced Carbon Accounting Practices
Filing Summary
Capri Global Capital Ltd. (Capri Loans) has signed with the Partnership for Carbon Accounting Financials (PCAF) to adopt its methodology for measuring and disclosing financed emissions. This initiative aligns Capri Loans with global sustainability standards and integrates climate risk assessment into its financial operations. The company aims to enhance its carbon accounting practices and sustainability disclosures. Capri Loans, a non-banking financial company with an AUM of over Rs 30,000 crores, offers various secured loans and fee-based services across India.
Capri Global Capital Ltd. (Capri Loans) has announced its participation in the Partnership for Carbon Accounting Financials (PCAF). This engagement involves adopting the PCAF methodology to measure and disclose financed emissions across its lending portfolio. The initiative aligns with global sustainability standards and aims to enhance transparency in Capri Loans’ financial operations.
The filing does not specify any financial terms or payment structures related to Capri Loans’ participation in PCAF. The focus is on the adoption of the PCAF methodology for carbon accounting, which is expected to integrate climate risk assessment into the company’s lending and investment decisions. This move is part of Capri Loans’ broader commitment to embedding environmental, social, and governance (ESG) principles into its operations.
Capri Loans will utilize the PCAF’s Global GHG Accounting and Reporting Standard for the Financial Industry. This standard is designed to enhance the accuracy, consistency, and comparability of climate disclosures. The company aims to align its sustainability disclosures with internationally accepted frameworks, thereby reinforcing its commitment to responsible finance and climate accountability.
The filing highlights the significance of measuring financed emissions as central to sustainable finance strategies. Capri Loans’ participation in PCAF reflects its response to increasing regulatory expectations and stakeholder scrutiny regarding climate accountability. The company aims to integrate these practices into its core financial decision-making processes.
The filing does not provide specific timelines or milestones for the implementation of the PCAF methodology. However, it indicates that the initiative is part of Capri Loans’ long-term growth strategy, focusing on sustainable finance and climate risk governance.
The Partnership for Carbon Accounting Financials (PCAF) is a global collaboration involving over 700 financial institutions. It was launched in September 2019 to develop a standardized approach for measuring and disclosing the greenhouse gas emissions of loans and investments. PCAF participants work together to harmonize assessments and disclosures of emissions associated with financial activities.
Capri Global Capital Ltd. is a non-banking financial company listed on the BSE and NSE. It has an AUM of over Rs 30,000 crores and serves a customer base of over 6.3 lakh through more than 13,000 employees and 1,330 branches across India. The company offers a range of secured and collateralized loans, including MSME Loans, Gold Loans, Construction Finance, and Housing Loans through its subsidiary, Capri Global Housing Finance Limited. Additionally, Capri Loans engages in fee-based businesses such as the distribution of car loan products and insurance policies.