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United Bank for Africa (UBA) Plc, often referred to as Africa’s Global Bank, has achieved a significant milestone by gaining membership in the prestigious Partnership for Carbon Accounting Financials (PCAF). UBA’s selection as a core team member of PCAF, comprising 14 leading global institutions from various regions, underscores its unwavering commitment to sustainable finance and carbon accounting. UBA is the sole financial institution from West Africa to secure a place on this esteemed global core team.
The rigorous selection process, which saw over 50 highly qualified candidates from the PCAF signatory community, recognized UBA for its outstanding dedication and leadership in sustainable finance. As a core team member, the bank will actively contribute to the development of international accounting standards for the financial industry.
Ace Robinson, the Chief Executive Officer of PCAF, commended UBA’s exemplary contributions to the carbon accounting initiative. He particularly highlighted the bank’s unique position as the only representative from West Africa on the global core team, signifying its alignment with PCAF’s exacting standards.
Robinson stated, “UBA stood out exceptionally after a rigorous application process, which attracted over 50 highly qualified candidates from across the PCAF signatory community. The bank is the only financial institution from West Africa to be listed on the prestigious global core team, which is commendable and shows that UBA is indeed at the forefront when it comes to advancing the Carbon Accounting agenda.”
Chidozie Ezike, UBA’s Head of Sustainability, expressed gratitude for the bank’s selection as a PCAF member. He emphasized UBA’s unwavering commitment to inclusivity, social responsibility, decarbonization, responsible business practices, and robust governance. Sustainability is a core focus for UBA, aiming to generate economic, social, and environmental value across the bank and its entire value chain. Ezike underlined UBA’s dedication to Africa’s long-term well-being and its commitment to creating socioeconomic and environmental value.
UBA’s inclusion in the PCAF global core team reflects the bank’s determination to engage more deeply with PCAF standards and contribute to enhanced international consistency and comparability in financed emission accounting.
The new members of PCAF’s Global Core Team include Chidozie Ezike of UBA (Nigeria), Emily Rodgers of EIG (US), Frida Panayi of Metrics Credit Partners (Australia), Giel Linthorst of ING (Netherlands), Hetal Patel of Phoenix Group (UK), Jamie Mattison of Morgan Stanley (US), Maren Bodenschatz of Swiss Re (Switzerland), Melanie Janse van Vuuren of Investec (South Africa and UK), Rafael Martins de Oliveira of Itau Unibanco (Brazil).
Other members consist of Ryan Greenwald of PIMCO (US), Sharad Tuladhar of NMB Bank (Nepal), Sharna Bourke of the Commonwealth Bank of Australia (Australia), Stefan Henningsson of Nordea (Finland), and Yu Takita of Mizuho Financial Group (Japan). The group is chaired by Hetal Patel, Head of Climate Investment Risk at Phoenix Group.
UBA, a leading pan-African financial institution, serves over 37 million customers through 1,000 business offices and customer touchpoints across 20 African countries. With a global presence in New York, London, Paris, Cayman Island, and the UAE, UBA plays a vital role in connecting people and businesses across Africa through a wide range of financial services, including retail, commercial, and corporate banking, cross-border payments, trade finance, and ancillary banking services.
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