Financed emissions / owned emissions

Financed emissions, or owned emissions, measure the greenhouse gas (GHG) emissions associated with a financial institution's financing activities, such as its investment portfolio or loan book. They are calculated by determining the emissions generated by the holdings that are invested in and attributing those emissions to the financial institution based on the amount and proportion of the investment. The Partnership for Carbon Accounting Financials (PCAF) provides a global standard for measuring and disclosing financed emissions. See how we measure financed emissions in our emissions data.