Korea Credit Information Services Becomes First in Asia-Pacific to Join PCAF Group
Support for Measuring Financed Emissions
Joining Discussions on Revisions to International Measurement Standards
Latest Standards to Be Incorporated into Domestic Platform
Korea Credit Information Services will become the first institution in the Asia-Pacific region to join a group that discusses international standards for measuring financed emissions.
Korea Credit Information Services announced on November 12 that it would join the Engagement Group, a separate group under the Partnership for Carbon Accounting Financials (PCAF). Financed emissions are greenhouse gas emissions attributed to financial institutions through activities such as lending and investment. As of October 2026, 798 financial institutions worldwide had joined PCAF, which is developing international standards to ensure such emissions can be measured and disclosed consistently. The member institutions hold approximately $99.2 trillion in financial assets, and 23 of them are based in South Korea.
Launched in June 2025, the Engagement Group is a forum where central banks and financial regulators from various countries discuss standards for measuring and disclosing financed emissions, as well as policy and regulatory trends. The European Financial Reporting Advisory Group (EFRAG), Canada's Office of the Superintendent of Financial Institutions (OSFI), and the Qatar Financial Centre Regulatory Authority (QFCRA) are among its participants. Members can use PCAF's emissions-factor database and receive training and technical support.
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Since March 2026, Korea Credit Information Services has been piloting a joint platform to help financial institutions calculate and manage their financed emissions. It plans to apply the latest PCAF measurement methods to the platform and support South Korean financial institutions in calculating emissions using a common standard and using the results for climate-related disclosures and risk management. "Joining the PCAF Engagement Group will link South Korea's financed-emissions management framework with international discussions and help strengthen the domestic financial sector's capabilities in measuring and managing financed emissions," said Yoo Suyeong, president of Korea Credit Information Services.
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