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Make Data Driven Decisions with Persefoni’s Climate Impact Benchmarking Module

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Published June 14, 2022

Operationalizing any process is complicated, and the decarbonization journey is no exception. A strong climate strategy involves many stakeholders, sufficient time to identify process improvements, and detailed analyses ready to be presented to board-level decision makers. To help provide visibility into industry baselines, we are excited to announce Persefoni’s Climate Impact Benchmarking (CIB), an add-on module to our core platform. Persefoni’s Climate Impact Benchmarking serves investors and companies alike.

Persefoni's Climate Management Accounting Platform
Persefoni's Climate Management Accounting Platform

With Climate Impact Benchmarking, companies can:

  1. Benchmark their carbon performance against peers who disclose to the CDP, providing information on peers’ total emissions, scope and category breakdowns, and emissions intensity. 

  2. View Industry Leaderboards to identify best practice within the company’s peer set

With Climate Impact Benchmarking, investors can:

  1. Calculate Emissions on any company, public or private, leveraging CDP data where actual carbon emissions are available or Persefoni’s PCAF-aligned emissions estimates. 

  2. Attribute  Emissions to an investment portfolio or fund, using Refinitiv market data where available and Persefoni’s PCAF-aligned attribution calculations. 

  3. Assess the Impact On a Fund, which helps you understand the projected absolute footprint impact an investment will have on your portfolio, based on the footprint and Investor Ownership amount you entered

  4. Select CDP peers to provide additional context on the company you’ve already selected for calculation or estimation of emissions. 

When an organization first starts its decarbonization journey, it builds a foundation through carbon footprint measurement and then goals and commitments. As it gets its footing, the pain points of identifying decarbonization levers relevant to business operations and contextualizing success become more prevalent. 

Through working with CDP, our platform now has Scope 1, 2, and 3 footprint data from 4,700 organizations spanning 17 sectors across 106 countries. In combination with Persefoni’s use of Refinitiv financial markets data, a user can quickly calculate the footprint of any company, whether actual or estimated. This allows for a thorough understanding of industry average and best practice in carbon performance.

For our corporate customers, one of the most common concerns after onboarding is ‘How do I know if these numbers are “good”?’ The CIB module provides instant feedback on comparison to peers, allowing management teams to walk into a board room with confidence, saying clearly: ‘We are in the top quartile of our industry’ or ‘We are behind our peers and need to take action this year.’

For investors, the biggest challenge in decarbonization tends to be bringing carbon analysis into the due diligence process. We frequently hear from our financial services customers, ‘I calculated last year’s portfolio footprint, but by the time I calculate next year’s, I will have lost control over decisions that could make it go up or down.’ The CIB module helps investors bring carbon analysis into the due diligence process, enabling an investment committee review of every transaction. 

Once the groundwork has been laid in carbon footprinting and goal setting, the CIB module helps our customers progress on the decarbonization journey by providing peer and market context. No strategy is linear and we frequently hear about setbacks in decarbonization driven by market and global turbulence. But most importantly, our customers know that when they use the Persefoni platform, they can make progres year over year in their decarbonization journey. CIB is the latest (power) tool in this toolkit. 

The Decarbonization Journey
The Decarbonization Journey

By understanding what peers are doing at a corporate and an investment level, organizations are now empowered to make bolder business and investment decisions around their carbon strategies to become market leaders - ultimately operationalizing and integrating carbon performance into their corporate or portfolio objectives. 

To learn more about Climate Impact Benchmarking, please click 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 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.

Ryan Miller

SVP & GM, Global Financial Services

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