Accelerate Your Carbon Accounting Strategy with New Benchmarks and Modeling from Persefoni
Talk of mandatory climate disclosure rules has permeated headlines over the last several months as companies scramble to comply with disclosure requirements and imminent SEC regulations. According to Harvard Business Review, about 90% of companies in the S&P 500 now issue some form of environmental, social, and governance (ESG) report, which almost always includes an estimate of the company’s GHG emissions.
What is not often talked about are the potential financial benefits of adopting sustainability practices, of how to measure progress against goals, benchmark against other companies, and how to set net zero targets in the first place. In order to help companies and portfolio managers navigate the complexities of industry-specific standards across geographies, Persefoni software guides companies through what otherwise would be convoluted carbon management and disclosure processes - making the complex feel simple.
Persefoni’s product development combines industry-leading data partnerships, world-class user experience and deep market experience. Last month, we announced the launch of Footprint Workbook, providing a way to kickstart a company’s decarbonization journey. As a next step, today we’re excited to announce the general availability of the industry-first Persefoni Climate Impact Benchmarking Module that helps companies compare their carbon performance against industry and regional peers across Scope 1, 2, and 3 emissions. Additionally, we are announcing the general availability of the Persefoni Climate Trajectory Modeling Module that helps companies model the emissions reductions necessary to set net-zero and science-based targets.
Jessica Pranksy, Principal Analyst, ESG & Sustainability, at Verdantix, said: “If we want businesses to meaningfully reduce their carbon emissions, investors and C-level executives must be equipped with tools that allow them to fully understand their carbon footprint and what they are exposed to. Information irregularity, lack of data and regulatory complexity are all major challenges facing corporates. Increased transparency and accountability throughout the supply chain will significantly accelerate the process of decarbonization.”
Measure How You Stack Up with Climate Impact Benchmarking
Carbon accounting is a relatively new domain of the financial disclosure process, and it’s rife with industry jargon and acronyms. Persefoni’s Carbon Accounting, Management, and Reporting Platform simplifies the entire process. We’ve tracked over 9 billion tons (8.5 gt) of carbon equivalents for customers. Persefoni’s calculation engine includes coverage of every Greenhouse Gas Protocol (GHGP) scope and category, and maps to the Partnership for Carbon Accounting Financials (PCAF) standard for calculating financed emissions.
Even when a company can measure its carbon footprint, it is not always clear how it compares with peers within a similar industry. This is why we’re excited to announce Persefoni’s new Climate Impact Benchmarking (CIB) module that allows organizations to quickly compare their footprint against the carbon performance of thousands of companies.
Through a collaboration with CDP, Persefoni CIB helps organizations set decarbonization goals and track progress over time by providing valuable baselines for comparison. Click here to learn more.
Take the Guesswork Out Of Setting Your Net-Zero Target with Climate Trajectory Modeling
Setting corporate or portfolio level GHG reduction targets can be very challenging because there are often many variables to consider and even with all the data, visualizing potential reduction pathways based on target reduction dates can be difficult. To remedy this, we’re thrilled to announce Persefoni’s new Climate Trajectory Modeling (CTM) module that helps companies visualize different reduction trajectories to help set their carbon goals.
CTM simplifies the process of developing a Science Based Target (SBTi) or a custom reduction target at a corporate level or investment portfolio level. By taking out the guesswork of setting a Science Based target (SBTi) or a customer reduction target, CTM helps companies understand their pace and trend lines towards hitting their target. Investors can also assess how different investments impact your carbon footprint.
Users can simply select if the target is a corporate or portfolio target, which scopes should be included, and whether this is a Science Based Target or a custom target to see the different types of target options. Click here to learn more.
We hope you’ve enjoyed reading more about what’s new in our product. We will be sharing more news in the coming weeks. As always, if you are interested in learning more, reach out to us at persefoni.com or register for a demo and our newsletter here.
© 2022 Persefoni AI Inc. All rights reserved. This presentation is the exclusive property of Persefoni and may not be copied or distributed, in whole or in part, without the express permission of Persefoni.
Persefoni is a leading Climate Management & Accounting Platform (CMAP). The company’s Software-as-a-Service solutions enable enterprises and financial institutions to meet stakeholder and regulatory climate disclosure requirements with the highest degrees of trust, transparency, and ease. As the ERP of Carbon, the Persefoni platform provides users a single source of carbon truth across their organization, enabling them to manage their carbon transactions and inventory with the same rigor and confidence as their financial transactions.