Wawanesa Insurance is joining a global initiative aimed at improving how financial institutions measure and report climate-related emissions.

 

The Winnipeg-based company has joined the Partnership for Carbon Accounting Financials, also known as P-C-A-F.

 

The initiative provides a standardized approach for tracking greenhouse gas emissions connected to financial activities.

 

Wawanesa says the move is part of its work to better assess climate-related risks and support long-term resilience in the communities it serves.

 

The company plans to measure and disclose emissions across a defined part of its portfolio within three years.

 

Wawanesa adds that participation is non-binding and will not impose requirements, targets, or constraints on its business, underwriting, or investment decisions.