Diamond Trust Bank (DTB) has joined the Partnership for Carbon Accounting Financials (PCAF), a global network that helps financial institutions measure and disclose greenhouse gas emissions linked to their lending and investment activities.
The move brings DTB’s banking operations in Uganda, Kenya and Tanzania under internationally recognised carbon accounting standards, reinforcing the Group’s commitment to stronger climate-related disclosures, greater transparency and sustainable finance across East Africa.
PCAF is a global initiative comprising more than 750 financial institutions that are working to improve the consistency, transparency and comparability of emissions accounting within the financial sector. Membership gives DTB access to globally recognised methodologies and technical guidance for measuring financed emissions.
The bank said the development is part of its broader sustainability strategy aimed at strengthening climate risk management, improving environmental reporting and supporting the transition to a more resilient and low-carbon economy.
Group Chief Executive Officer Nasim Devji said joining PCAF marks a significant step in DTB’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.
The announcement comes as regulators, investors and customers increasingly demand greater transparency on climate-related risks and environmental performance from financial institutions.
By adopting PCAF’s global framework, DTB will be better positioned to quantify the carbon footprint of its financing activities, strengthen climate reporting and align its sustainability efforts with international best practices.
The bank said initiatives such as PCAF will help it build the partnerships, expertise and tools needed to create long-term value for customers, shareholders and communities while supporting responsible economic growth across East Africa.
