EKI Energy (EKI) saw its shares rise by 5% following its announcement of joining the partnership for Carbon Accounting Financials (PCAF) accreditation program. EKI becomes only the second company in India to embark on this significant journey, bolstering India’s commitment to global climate goals.
The move aligns with India’s evolving sustainable finance landscape, supported by initiatives such as the Reserve Bank of India’s Green Finance Framework and the nation’s pledge to achieve net-zero emissions by 2070. Through PCAF, EKI aims to help financial institutions measure and report greenhouse gas emissions related to their loans and investments.
As a PCAF partner, EKI will utilize its expertise in carbon footprint assessment and sustainability strategies to guide institutions in setting science-based targets, supporting the transition to a low-carbon economy in line with the Paris Agreement.
As of 12:36 pm, EKI Energy shares were trading 4.45% higher at Rs 313.55 on the NSE.
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