Back

2 July 2024

Sava Insurance Group joins PCAF

Sava Insurance Group joins PCAF

Sava Re d.d., on behalf of the Sava Insurance Group, has joined the Partnership for Carbon Accounting Financials (PCAF). PCAF aims to facilitate the financial industry’s alignment with the Paris Climate Agreement. It is a global partnership of financial institutions working together to develop and implement a harmonised approach to assessing and disclosing the greenhouse gas emissions associated with their loans and investments. In addition, PCAF is also working to develop standards for reporting on emissions associated with insurance portfolios.

As a member of PCAF, we have gained access to the methodologies and emission factors we need to calculate the carbon footprint of our insurance products and investments. Through working groups, we will actively engage with major (re)insurers and other financial institutions to further develop sustainable financial products.

Established in September 2019, PCAF now has more than 480 financial institutions from six continents as members.

We look forward to working together towards a more sustainable future.