Diamond Trust Bank (DTB) has joined the Partnership for Carbon Accounting Financials (PCAF), a global initiative that supports financial institutions in measuring and disclosing greenhouse gas emissions linked to their lending and investment activities.
The membership covers DTB’s banking operations in Kenya, Tanzania and Uganda, reinforcing the Group’s commitment to improving climate-related disclosures, enhancing transparency, and adopting globally recognised standards for carbon accounting across its regional footprint.
Through PCAF, DTB will gain access to internationally recognised methodologies and guidance to help measure, report, and manage emissions associated with its financial activities.
PCAF brings together more than 750 financial institutions globally that are working to improve consistency, transparency, and comparability in emissions reporting across the financial sector.
DTB said the membership is part of its wider sustainability agenda aimed at strengthening climate action, supporting responsible financing, and contributing to a more sustainable and resilient economy.
Commenting on the development, DTB Group Chief Executive Officer Nasim Devji said the partnership marks an important step in the bank’s sustainability journey.
“As a responsible financial institution, we recognise the important role banks play in supporting the transition to a more sustainable and resilient economy. Joining PCAF is an important milestone in our sustainability journey and will help us strengthen climate-related disclosures, improve our understanding of emissions associated with our financial activities, and support informed decision-making across the Group,” Devji said.
With sustainability increasingly influencing business decisions, investment strategies, regulatory frameworks, and community expectations, DTB said it will continue investing in partnerships and tools that promote responsible economic growth across East Africa.
