BTG Pactual (BPAC11), the largest Investment Bank in Latin America, announces that it has joined the Partnership for Carbon Accounting Financials (PCAF). PCAF is a collaboration of financial institutions around the world for harmonizing assessments and disclosures of greenhouse gas emissions funded by loans and investments. With more than 140 banks and investors from five continents, the group is quickly expanding into North America, Latin America, Europe, Africa and the Asia-Pacific.
“Joining PCAF will enable us to make an inventory of emissions not only from our own activities, but also from the businesses and investments in which we operate directly or indirectly, in a comparable way with that of our peers”, notes Rafaella Dortas, the director responsible for ESG at BTG Pactual.
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By signing with PCAF, BTG Pactual is committed to measuring and disclosing the greenhouse gas emissions of its portfolio companies within three years, while learning and sharing reliable GHG accounting methods and experience.
“This is an important milestone in our ESG agenda, reflecting the Bank’s commitment to sustainability”, says BTG Pactual CEO Roberto Sallouti.
In 2019 and 2020, BTG Pactual offset 100% of its direct carbon emissions and indirect emissions from air travel, employee transportation and waste generated in operations. Also last year, BTG created the Impact Investing area, which encourages creating products and services that combine financial returns with a positive social and environmental impact. In 2021, the bank joined the Nasdaq Sustainable Bond Network (SBNS), a database of the US stock exchange that gathers information on the main issues of sustainable bonds around the world.
