PACE for Banks

Banks face major obstacles in obtaining accurate Scope 3 emissions data from airline customers as there is no universal reporting standard, and only a small proportion of airlines publish usable data. This makes it difficult for banks to compare airline performance on a like-for-like basis and to accurately compile their financed emissions, with the added complexities of flight routes, aircraft types, load factors, and fuel efficiency of different aircraft types.

Key Features:

Global coverage of >35,000 commercial airlines for passenger and cargo
Comparison on a customer by customer basis since 2018
Scope 3 emissions CO2e Well-to-Wake
Pegasus Guidelines approved data (CO2e WTW RTK)
Detailed revenue-based emissions analysis (RPK, RTK, RCTK)
Customer Success programme supporting Banks’ sustainability teams

Pace for Banks - airplane flying over buildings

>99%

of commercial flights

370,000

individual airline routes recorded

24 hourly

updates of all flight data

>10 billion

flight data points

How PACE works

PACE for Banks automatically calculates Scope 3 emissions data that meets the complexity of financed emissions reporting. For secured asset portfolios, PACE delivers precise emissions calculations for specific reporting periods, while for unsecured finance PACE facilitates detailed airline-level and aircraft level comparison. By using normalised datasets, PACE ensures comparability across clients through outputs that meet framework requirements such as Pegasus Guidelines and Impact Milestones. PACE supports banks in scenario modelling, enabling them to assess how financed emissions will align with science-based pathways such as Mission Possible Partnership and IEA Net Zero.

JPMorgan Chase
Improving comparability and data transparency

To calculate the carbon intensity of companies in JPMorgan Chase’s Aviation sector portfolio, the Bank uses detailed Scope 3 emissions data modelled by PACE and historical passenger and belly freight activity data from the International Civil Aviation Organization (ICAO), supplemented by company-reported data where necessary. This standardizes the emissions calculation methodology for all its clients, improving comparability and providing greater client coverage and data transparency. Read more about Carbon Compass^SM

JPMorgan Chase’s Carbon Compass^SM methodology