A Pioneer in Private Equity and Impact Investing
ESG leadership and innovation are woven throughout this top private equity firm’s heritage. The firm has consistently set the bar for investment and operational excellence. Through its visionary work, the firm has redefined the impact investing space and set a steadfast commitment to understanding and managing its environmental impact. As part of its commitment, it sought to understand its own operational carbon footprint as well as the impact of its vast portfolio investments.
To accomplish this, the asset management firm knew it needed to partner with a leading SaaS carbon accounting company that offered quick onboarding, deep expertise in the financial sector, and subject matter experts in carbon accounting. The choice was easy in selecting Persefoni as their partner.
Leveraging the Top Climate Software was a Must.
Before engaging with Persefoni, the firm relied on consultants to calculate its carbon footprint. The process was not simple. The firm still faced challenges including disparate data sources, the inability to manage vast quantities of data in a centralized way, and the inability to drill down into the primary drivers of emissions. It needed a solution that streamlined the complex carbon accounting process and gave it visibility to make actionable decisions related to carbon..
When the firm's leadership team met Persefoni, it was the first time they had seen a technology offering capable of enabling rigorous Greenhouse Gas Protocol and Partnership for Carbon Accounting Financials calculations all in one place. By partnering with Persefoni’, the firm was able to analyze and streamline the calculation, audit, and assurance processes of its operational carbon footprint and financed emissions across its investment holdings. They achieved this by leveraging Persefoni’s expertise with the Partnership for Carbon Accounting Financials (PCAF) methodology and the platform’s ability to easily scale across its entire portfolio.
As of today, the firm has an established approach for sourcing and calculating emissions from business travel, employee commuting, energy consumption, owned and operated assets. These inputs are used for integrating carbon footprint data into internal and external ESG reports and other disclosure frameworks. Also, the firm is confident that the data and calculations from the Persefoni Platform are verifiable and easily trackable for third-party audits.
Partnership with Persefoni Drove Critical Operational Outcomes
By leveraging Persefoni’s Climate Management and Accounting Platform (CMAP), the firm was able to decrease audit costs by nearly 30%, eliminate expensive consulting fees, increase employee bandwidth, and enable teams to focus on higher-impact activities.