The Public Company Accounting Oversight Board (PCAOB), established in 2002, is a pivotal entity in the United States dedicated to overseeing the audits of public companies. Headquartered in Washington, D.C., the PCAOB operates primarily across the U.S., ensuring compliance with auditing standards and enhancing the reliability of financial reporting. The PCAOB's core mission revolves around protecting investors and promoting the public interest by fostering informative, accurate, and independent audit processes. Its unique approach includes setting rigorous auditing standards and conducting inspections of registered public accounting firms. Notably, the PCAOB has made significant strides in improving audit quality, positioning itself as a leader in the accounting industry. Through its commitment to transparency and accountability, the PCAOB continues to play a crucial role in maintaining trust in the financial markets.
How does PCAOB's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
PCAOB's score of 3 is lower than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
The Public Company Accounting Oversight Board (PCAOB), headquartered in the United States, currently does not have available data on its carbon emissions, as no specific emissions figures have been reported. Additionally, there are no documented reduction targets or climate pledges outlined in their initiatives. In the absence of concrete emissions data, it is important to note that many organisations in the financial and regulatory sectors are increasingly recognising the importance of addressing climate change and are committing to sustainability practices. While PCAOB has not publicly stated its own climate commitments or reduction initiatives, the broader industry context suggests a growing trend towards transparency and accountability in carbon emissions management. As the PCAOB continues to operate, it may consider establishing measurable targets and strategies to align with global climate goals, reflecting the increasing emphasis on environmental responsibility within the sector.
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
PCAOB is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.