Evercomm & CTBC launch PATHMATCH AI platform for banks’ net zero
Evercomm and CTBC Bank have announced the full operational deployment of PATHMATCH, an AI-powered transition finance engine. The platform aims to assist banks in assessing the decarbonisation impact of loans and managing Scope 3 financed emissions. PATHMATCH is designed to help financial institutions track portfolio transition performance in real time, in line with evolving sustainability standards.
Data standards
The deployment of PATHMATCH comes as banks face mounting pressure to base financing decisions on consistent and verifiable data. International expectations, such as those set out in the Partnership for Carbon Accounting Financials (PCAF) framework and IFRS S2 standards, demand accuracy across both the assessment of financed emissions and the measurement of companies' operational emissions. Aggregating Scope 3 emissions data across complex supply chains has traditionally required significant manual input.
PATHMATCH's core function is to address these challenges by aligning methodologies and improving cohesion between financial institutions and their clients. By providing a digital platform for credible and comparable carbon accounting, banks can better align capital allocation with the sustainability performance of their portfolio companies.
Simulation technology
The key technology underpinning PATHMATCH is Evercomm's proprietary AI simulation engine. Developed through a six-year initiative, this engine is built on thermodynamics modelling and provides predictive simulations of energy flows across industrial systems. The result is scientifically calibrated forecasts of emission levels and the creation of tailored decarbonisation roadmaps for clients.
The R&D backing the technology included an investment of SGD $18.7 million and validation through publication in 29 international journals. Banks using PATHMATCH are able to automate portfolio-wide Scope 3 reporting and reduce manual data processing requirements by as much as 1,500 man-hours each year.
Industry perspective
"The next chapter of transition finance is about direction and adaptability, especially in a region like ours where industrialisation continues to drive growth. Banks are at the heart of this transformation, and they need practical tools that accelerate measurable emissions reduction. We designed our engine to evolve with the market, integrating new data and technologies as they emerge. This adaptability ensures it remains relevant, scalable, and impactful, empowering banks like CTBC and many more to come, to move faster, lower emissions, and finance the transition with confidence," said Ted Chen, Chief Executive Officer, Evercomm Group.
Regional adoption
With its operational base in Singapore, Evercomm is positioning PATHMATCH to support financial institutions and corporates across Southeast Asia. The company is tailoring the solution for markets that require readiness for global frameworks such as PCAF and IFRS S2, but also need to reflect specific local circumstances. The digital infrastructure underpinning PATHMATCH is designed to serve as a bridge between industrial growth and climate responsibilities in the region.
Bank experience
CTBC has played a central role in launching the technology, with experience dating back to 2020 as an early adopter of PCAF methodology for disclosing financed emissions.
"As a financial institution, CTBC stands at the frontline of the sustainability transition, but our confidence is often tested by fragmented data, unverified information and constantly evolving methodologies. Since 2020, CTBC has been among the few early adopters to disclose financed emissions using PCAF methodology. Because of adopting PCAF, we can identify high-carbon exposures in our lending and investment portfolio, set achievable science-based targets in mid and long term, and shape our decarbonisation strategy that enables us to manage the progress and to make necessary adjustments along the way," said Rachael Kao, President, CTBC Financial Holding and Chair of PCAF Asia-Pacific.
"Beyond developing our own strategy, we are committed to driving and supporting the adoption of PCAF standards across the financial industry in the region. Together with Evercomm, we jointly developed PATHMATCH which simplified PCAF implementation, harnessing AI and advanced digitisation to manage Scope 3 financed emission and portfolio transition performance. We will be able to strengthen compliance, manage risks and accelerate sustainable financing with confidence," said Kao.
