Kathmandu. Kumari Bank Limited has joined PCAF and committed to greater transparency in understanding and managing greenhouse gas emissions from responsible banking, climate action and its financial activities. By becoming a member of PCAF, Kumari Bank will use PCAF’s globally recognized standards and methods to measure and publicly publish greenhouse gas emissions from its loans and investments. This initiative represents an important step forward in further strengthening the Bank’s practices on climate data, risk management, and sustainable finance. <\/p>\n
The financial sector has a critical role to play in supporting the transition to a low-carbon and climate-resilient economy. By joining the PCAF, Kumari Bank aims to enhance its capacity to understand the climate impact of its investment activities and use the knowledge to inform future financial decisions, risk management and sustainability initiatives. <\/p>\n
PCAF is a global collaboration of financial institutions that facilitates a uniform assessment and disclosure of greenhouse gas emissions through loans and investments. Its growing global network provides financial institutions with a common framework for measuring emissions related to financing and improving climate transparency. <\/p>\n
For Kumari Bank, becoming a member of ABB is a significant step forward in its broader sustainability journey. It also reflects the Bank’s commitment to incorporate environmental aspects into its business and financial activities. <\/p>\n
Arpan Poudel, Head, Sustainable Banking, Kumari Bank Limited said, “Joining PCAF is an important milestone in Kumari Bank’s sustainability journey. Understanding the emissions related to our financial activities will help us make mature decisions based on facts and information to strengthen our climate strategy, increase transparency, and help move towards a resilient and sustainable economy.” \u201d<\/p>\n
The bank will continue to expand sustainable finance opportunities, further integrate environmental and climate factors into its operations and financial activities, and collaborate with stakeholders to contribute to Nepal’s long-term climate and development priorities. <\/p>\n
Kumari Bank Limited, which has a large presence across the country, has a good foundation to leverage its established banking network to expand and effectively implement sustainable financial initiatives to the targeted communities of Nepal. The bank has a network of 279 branches, 296 ATMs, 41 extension counters, 40 branchless banking units and 1,233 POS terminals, along with digital banking platforms, mobile banking and international cashcob card services. <\/p>\n
With a focus on customer-centric innovation, responsible banking, and sustainable finance, Kumari Bank continues to strengthen its role in Nepal’s long-term economic transformation. The bank continues its commitment to sustainability through its products, manpower and strategic partnerships, while harnessing its nationwide reach to promote inclusive and responsible financial solutions.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Kumari Bank Limited has joined PCAF and committed to greater transparency in understanding and managing greenhouse gas emissions from responsible banking, climate action and its financial activities. By becoming a member of PCAF, Kumari Bank will use PCAF’s globally recognized standards and methods to measure and publicly publish greenhouse gas emissions from its loans […]<\/p>\n","protected":false},"author":9,"featured_media":314645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45117,45159],"tags":[],"class_list":["post-314647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bank-finance-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/314647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=314647"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/314647\/revisions"}],"predecessor-version":[{"id":314648,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/314647\/revisions\/314648"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/314645"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=314647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=314647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=314647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}