Jordan Ahli Bank Joins Partnership for Carbon Accounting Financials

Amman: Jordan Ahli Bank has recently joined the Partnership for Carbon Accounting Financials (PCAF), a collaboration between financial institutions worldwide facilitating harmonized assessments and disclosures of greenhouse gas (GHG) emissions financed by loans and investments.

By becoming a member of PCAF, Jordan Ahli Bank is taking a significant step towards improving the transparency and accountability of its environmental impact reporting, in alignment with the Paris Agreement, while supporting the bank’s broader strategy to embed sustainability into its financial operations. As part of this commitment, the bank aims to measure and disclose GHG emissions associated with bank loans and investments, positioning itself as a leader in responsible banking.

Through its affiliation with PCAF, Jordan Ahli Bank conforms to a network of like-minded institutions, enhancing its ability to provide transparent and consistent reports on its financed emissions to stakeholders. This partnership also corresponds with its objective of transitioning towards a low-carbon economy and empowering national efforts in this regard.

"This partnership with PCAF is an important milestone for Jordan Ahli Bank, equipping us with an industry-standard methodology that paves the way for sustainability in Jordan’s banking sector. By participating in this global initiative, we can better assess our portfolio’s carbon intensity and emissions and bolster our risk management strategy, while advancing our mission to promote shared prosperity and address climate risks," stated Jordan Ahli Bank CEO/General Manager, Dr. Ahmad Al-Hussein.

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