Green Finance
Financed Emissions
Measuring and managing the carbon footprint of financial portfolios
About this course
Why this course exists
A comprehensive course on financed emissions covering the PCAF Global GHG Accounting and Reporting Standard (3rd Edition, December 2025), attribution methods across all ten asset classes, facilitated and insurance-associated emissions, data quality frameworks, and regulatory disclosure requirements for financial institutions.
What you will learn
After this course you will be able to
- Apply the PCAF Global GHG Accounting and Reporting Standard for the Financial Industry
- Calculate financed emissions for listed equities, business loans, mortgages, and project finance
- Use the right attribution factor for each asset class without double counting
- Disclose financed emissions and data quality scores in a CDP or TCFD report
Course content
6 modules · 25 lessons
Walk through the modules in order or jump to a specific lesson. Each lesson is a real chapter you can open and start reading immediately.
Module 1·4 lessons
Introduction to Financed Emissions
Why financial institutions must account for portfolio carbon
- 0.14 min read
What Are Financed Emissions?
PCAF Standard Part A (3rd Ed.), Chapter 1
- 0.25 min read
The GHG Protocol & Scope 3 Category 15
GHG Protocol Scope 3 Standard, Category 15; PCAF Part A Chapter 2
- 0.34 min read
The Business Case for Measuring Financed Emissions
PCAF Standard Part A (3rd Ed.), Chapters 2-3
- 0.46 min read
Key Frameworks & Standards Landscape
PCAF Standard Part A (3rd Ed.), Chapter 3; Part B Chapter 1; Part C Chapter 1
Module 2·4 lessons
The PCAF Standard
Principles, methodology, and data quality
- 1.16 min read
PCAF Overview & Guiding Principles
PCAF Standard Part A (3rd Ed.), Chapter 4
- 1.26 min read
The General Attribution Formula
PCAF Standard Part A (3rd Ed.), Chapter 5 (Introduction)
- 1.36 min read
Data Quality Scores & the Score Ladder
PCAF Standard Part A (3rd Ed.), Chapter 6; Annex 10.1
- 1.46 min read
Emission Factors & Data Sources
PCAF Standard Part A (3rd Ed.), Chapter 5 (Data Providers, Estimation Models)
Module 3·5 lessons
Asset Class Methodologies, Part 1
Listed equity, business loans, project finance, real estate, and mortgages
- 2.14 min read
Listed Equity & Corporate Bonds
PCAF Standard Part A (3rd Ed.), Chapter 5.1
- 2.25 min read
Business Loans & Unlisted Equity
PCAF Standard Part A (3rd Ed.), Chapter 5.2
- 2.35 min read
Project Finance
PCAF Standard Part A (3rd Ed.), Chapter 5.3
- 2.44 min read
Commercial Real Estate
PCAF Standard Part A (3rd Ed.), Chapter 5.4
- 2.54 min read
Mortgages
PCAF Standard Part A (3rd Ed.), Chapter 5.5
Module 4·4 lessons
Asset Class Methodologies, Part 2
Motor vehicles, use of proceeds, securitizations, and sovereign debt
- 3.14 min read
Motor Vehicle Loans
PCAF Standard Part A (3rd Ed.), Chapter 5.6; Motor Vehicle TCO Data
- 3.24 min read
Use of Proceeds Structures
PCAF Standard Part A (3rd Ed.), Chapter 5.7
- 3.34 min read
Securitizations & Structured Products
PCAF Standard Part A (3rd Ed.), Chapter 5.8
- 3.45 min read
Sovereign Debt & Sub-sovereign Debt
PCAF Standard Part A (3rd Ed.), Chapters 5.9-5.10
Module 5·4 lessons
Beyond Financed Emissions
Facilitated emissions, insurance-associated emissions, and data quality
- 4.15 min read
Facilitated Emissions (Capital Markets)
PCAF Standard Part B, Chapters 1-5
- 4.24 min read
Insurance-Associated Emissions
PCAF Standard Part C; Insurance FAQ; Motor Vehicle TCO Data
- 4.35 min read
Data Challenges & Estimation Approaches
PCAF Standard Part A (3rd Ed.), Chapter 5 (all asset classes, Options 1-3)
- 4.46 min read
Improving Data Quality Over Time
PCAF Standard Part A (3rd Ed.), Chapter 6; Disclosure Checklist
Module 6·4 lessons
Disclosure, Targets & Regulation
Reporting requirements, target-setting frameworks, and regulatory landscape
- 5.14 min read
PCAF Reporting Requirements & Metrics
PCAF Standard Part A (3rd Ed.), Chapter 6; Annex 10.2
- 5.25 min read
PCAF Disclosure Checklist & Process
PCAF Disclosure Checklist Part A; Disclosure Checklist FAQs
- 5.35 min read
Science-Based Targets for Financial Institutions
SBTi FI Guidance; PCAF Standard Part A (3rd Ed.), Chapter 7
- 5.46 min read
Regulatory Landscape (TCFD, ISSB, EU)
TCFD Recommendations; IFRS S2; EU SFDR; Pillar 3 ESG Disclosures
Continue your path
This course is part of 2 curated paths
Each path is a sequence of five courses designed to take a practitioner from first principles to defensible output. Pick one to see where this course fits.