IDCOL joins global carbon accounting initiative PCAF

Infrastructure Development Company Limited (IDCOL) has become a signatory to the Partnership for Carbon Accounting Financials (PCAF), reinforcing its commitment to sustainability and climate action.

The partnership provides a framework for transparent sustainability reporting, enabling IDCOL to measure and disclose greenhouse gas emissions associated with its financing activities.

PCAF is a global collaboration of financial institutions aimed at harmonising the measurement and disclosure of emissions financed through loans and investments. The initiative currently includes more than 700 financial institutions across six continents, with growing participation in North America, Latin America, Europe, Africa, and the Asia-Pacific region.

By joining PCAF, IDCOL will adopt a globally harmonised standard for measuring and disclosing financed emissions, enhancing transparency and accountability. The move is expected to support data-driven decision-making and contribute to Bangladesh's transition to a low-carbon and climate-resilient economy.

'Joining PCAF marks a significant milestone in our sustainability reporting,' said Alamgir Morshed, Executive Director and CEO of IDCOL. 'It will allow us to benchmark our portfolio against global standards and reinforces our commitment to financing green infrastructure that delivers tangible climate risk mitigation.'

IDCOL is a government-owned financial institution that focuses on bridging financing gaps in private-sector infrastructure and renewable energy projects. The organisation plays a key role in promoting sustainable investments, energy efficiency, and renewable energy initiatives to strengthen national energy security.

The institution also serves as a major conduit for domestic and international climate finance, with support from development partners including the World Bank, KfW, USAID, JICA, and the Green Climate Fund. Through its activities, IDCOL contributes to improving energy efficiency in energy-intensive sectors such as textiles and the ready-made garment industry, supporting Bangladesh's nationally determined contributions and renewable energy targets.