How does a mutual fund calculate the carbon footprint of its portfolio?
Under PCAF, each holding's emissions are attributed by the fund's share: the value held divided by the company's enterprise value including cash. Add the attributed Scope 1 and 2 across holdings, and show a data quality score, since many Indian companies still estimate.
The formula
Attributed emissions = value held / EVIC x company emissions. Sum across listed equity and corporate bonds.
For investee companies
Funds ask for reported emissions because estimates score lower. Bill-backed Scope 1 and 2 improve the fund's data quality score.
One holding
- Held Rs 50 crore of a company with EVIC Rs 5,000 crore: 1%
- Company Scope 1 and 2: 80,000 t; attributed 800 t
What Senseible does here
Senseible builds a bill-backed emissions record with the source on every line, the evidence a lender's credit team can check.
Sources: PCAF, Global GHG Accounting and Reporting Standard for the Financial Industry, GHG Protocol Corporate Standard
Last reviewed 2026-10-22.