# Asset Classes | Peercarbon

**URL:** [https://peercarbon.earth/asset-classes](https://peercarbon.earth/asset-classes)

> **Description:** Institutional-grade financed emissions across PCAF asset classes. Loan and investment portfolio coverage with governed methodology.

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Coverage Active 

#  The Portfolio is Opaque.   
The Liability is Real.

PCAF's Third Edition covers ten asset classes for emissions associated with financial activities, plus facilitated and insurance-associated emissions. Each has distinct attribution logic. Peercarbon applies the right methodology to each, consistently. 

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![Portfolio Scanner: Revealing Liability in an Opaque Market](/_astro/asset_scanner_opaque.z08tzNjl_Z1NVjOS.png)

10 PCAF Asset Classes · 1 Governance Model 

Production Ready  PCAF Category 6

##  Motor Vehicle Loans

Passenger vehicles, commercial fleets, and transport assets. Where most institutions start. 

Why start here?

Data availability (Make/Model/Year/Distance), methodological clarity under PCAF, and audit familiarity make motor vehicles the lowest-friction entry point for verification. 

PCAF Category 6 Aligned

###  Attribution Logic

  * Vehicle-level classification by fuel type, technology, and usage (WTW/TTW)

  * Distance- and intensity-based tailpipe emissions factors

  * Data quality scoring at counterparty and asset level

  * Explicit documentation of assumptions and factor sources




Motor vehicles are typically the fastest path to a first audited record. 

Expansion Coverage

##  Same governance architecture.  
Different attribution logic.

PCAF Third Edition defines distinct methodologies for each asset class. Attribution Factor × Borrower Emissions. Version-controlled. Auditable. 

### Business Loans & Unlisted Equity

CAT 02

Private corporate exposures, SME and mid-market portfolios.

  * Economic activity–based exposure classification
  * ISIC/NACE sector mapping for proxy selection
  * Bulk ingestion of legacy loan tapes
  * Explicit identification of defensibility gaps



### Listed Equity & Corporate Bonds

CAT 01

Public equity and debt instruments.

  * Attribution based on EVIC per PCAF guidance
  * Sector classification via ISIC/NACE
  * Clear separation of reported versus estimated data
  * Counterparty-level emissions reconciliation



### Project Finance

CAT 03

Infrastructure, energy, and industrial projects.

  * Physical activity–based emissions estimation
  * Use-of-proceeds attribution logic
  * Project-level boundary definition
  * Lifecycle emissions visibility where relevant



### Commercial Real Estate

CAT 04

Commercial property portfolios and REIT exposures.

  * Floor-area and energy-intensity calculations
  * Building-level data normalization
  * Separation of Scope 1, Scope 2, and proxy estimates
  * Explicit boundary condition documentation



Methodological Principles

###  What makes numbers defensible.

01

#### Strict Alignment

PCAF attribution and aggregation rules applied without deviation. No “creative interpretation.”

02

#### Data Quality Scores

PCAF 1–5 scoring at counterparty level. Weighted by financed amount. Gaps visible before publication.

03

#### Complete Transparency

All proxy usage explicitly disclosed with source URIs. Auditors see exactly what was estimated.

04

#### Audit Readiness

Assumptions, factors, and methodology versions documented in the CarbonMap Record. Replayable computation.

Live Now

Part A: Emissions Associated with Financial Activities · Part B: Facilitated Emissions · Part C: Insurance-Associated

Governance Architecture 

##  Governance across difference.

Each asset class operates under its own methodology, data hierarchy, and attribution logic. 

Peercarbon does not force uniformity. It governs variation. Ungoverned variation is where audits fail. 

"

> PCAF compliance is not achieved by forcing sameness.   
>   
>  It is achieved by applying the right logic consistently, across difference. 
> 
> Core Philosophy

##  One asset class.  
One portfolio.  
One period. 

Defensibility before expansion. 

Most institutions begin with one asset class, one portfolio, one reporting period — and expand from there. 

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