The Partnership for Carbon Accounting and SEC rule may be the driver for many large US headquartered businesses, but together or alone, neither are the full picture for sustainability in the Financial Services industry.
Enterprise products with a roadmap aligned to abstract or nascent frameworks like PCAF were doomed to fail if too bureaucratic or lacking in commercial/finance knowledge. The Consultant Group at Rio have been advising this exact viewpoint, particularly for the Insurance industry which in many respects due to the role of an Actuary, is already decades ahead on climate/GHG emissions, than most other industry segments.
We are actively advising the business on this landscape and supporting with the global and subsidiary sustainability requirements.
