Sustainable financing is a strategic direction for ArmSwissBank. The Bank is dedicated to fostering sustainable and environmentally responsible investments. Being part of institutions with similar values and providing reliable, consistent reports to stakeholders is significant.

ArmSwissBank CJSC, a leading financial institution in Armenia, is setting a benchmark in the banking sector for environmental responsibility by adopting best practices in greenhouse gas (GHG) emissions reporting. In alignment with the International Partnership for Carbon Accounting Financials (PCAF) methodology, the Bank has undertaken the significant step of disclosing its GHG emissions transparently and standardized in its 1st GHG Emission Report.

The Partnership for Carbon Accounting Financials (PCAF) provides a globally recognized framework for financial institutions to measure, manage, and disclose GHG emissions related to their loan and investment portfolios. This methodology is designed to support financial institutions in understanding and mitigating their environmental impact, with an emphasis on achieving the ambitious goals of the Paris Agreement.

In the scope of calculating GHG emissions, ArmSwissBank has collaborated with Greenly, a leading software platform for carbon accounting.

Greenly’s software helps the Bank evaluate the environmental impact of its financial activities. With this collaboration, the bank was able to have its GHG emissions report in place and align its practices with international climate goals.

ArmSwissBank CJSC’s GHG emissions report, created in cooperation with Greenly and following the PCAF methodology, represents a significant milestone in the bank’s journey toward sustainability. Through this initiative, the bank showcases its commitment to financial sector sustainability, strengthening its contribution to the global effort to mitigate climate change.