Ardshinbank CJSC joins the Partnership for Carbon Accounting Financials.

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Ardshinbank CJSC joins the Partnership for Carbon Accounting Financials.

We are proud to announce that, with the commitment to enhance the transparency and standardize the carbon accounting, Ardshinbank joins the Partnership for Carbon Accounting Financials (PCAF).

The Partnership for Carbon Accounting Financials (PCAF) is a collaboration between financial institutions worldwide to enable harmonized assessments and disclosures of greenhouse gas emissions financed by loans and investments. With more than 480 financial institutions from six continents, the group is rapidly expanding in North America, Latin America, Europe, Africa and Asia-Pacific.

By joining PCAF, we aim to measure and disclose our financed emissions. This commitment aligns with our climate agenda, emphasizing our dedication to mitigating climate change impacts through responsible investment and lending practices. Joining PCAF allows us to set more informed and ambitious climate targets, demonstrating our leadership in the financial sector’s transition to a low-carbon economy.

“I am pleased to announce that Ardshinbank CJSC is entering into a strategic partnership with PCAF to launch a comprehensive carbon accounting initiative. This significant collaboration is poised to elevate our environmental stewardship by enhancing the accuracy and quality of our greenhouse gas disclosures.

This initiative is a testament to our unwavering dedication to sustainability and responsible business attitude. And we believe that this partnership will not only improve our transparency and accountability in environmental reporting, but also set the respective benchmark in the financial sector.

Ardshinbank is proud to take this significant step forward, reinforcing our commitment to environmental responsibility and sustainable growth” – stated Artak Ananyan, Chairman of the Management Board of the Bank.

About Ardshinbank

Ardshinbank CJSC is the leading Bank in Armenia with a diversified universal banking offering including retail and commercial banking, investment banking, and private & wealth solutions. The Bank has over 380.000 customers served by 1700+ employees, a strong omnichannel distribution platform with 65 branches, supported by a comprehensive mobile and online banking platform. The bank possesses the largest branch network in the country and maintains a representative in Paris, France. 

Ardshinbank’s commitment extends to investing in alternative energy, aligning with bank’s journey towards the advancement of green banking. The bank’s operational framework is anchored in social and environmental responsibility, coupled with strong corporate governance. This commitment reflects Ardshinbank’s dedication to the principles of sustainable development, showcasing that bank is on the right path.

About the Partnership for Carbon Accounting Financials (PCAF)

The Partnership for Carbon Accounting Financials (PCAF) was launched globally in September 2019. Currently, more than 480 financial institutions have subscribed to the PCAF initiative. PCAF participants work together to jointly develop the Global GHG Accounting and Reporting Standard for the Financial Industry to measure and disclose the greenhouse gas emissions of their loans and investments. For more information see https://carbonaccountingfinancials.com/