Current Affairs - Banking - Discussion

Punjab National Bank (PNB), India’s second-largest public sector bank, has joined the Partnership for Carbon Accounting Financials (PCAF), demonstrating its commitment to sustainability and climate action. By adopting globally recognized standards for greenhouse gas emissions accounting, PNB aligns with the Reserve Bank of India’s draft climate risk guidelines. This initiative enhances the bank’s ability to disclose climate-related financial risks, participate in international knowledge-sharing forums, and access advanced tools and insights for carbon accounting, solidifying its role as a leader in responsible banking practices.