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Carbon Accounting

Carbon Accounting for Financial Markets Webinar Recap

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April 14, 2023
July 25, 2022
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Article Overview

If you didn’t catch our “Carbon Accounting for Financial Markets” webinar, no need to worry, we got you covered. Here is a rundown of five of the key takeaways:

1. Carbon accounting and reporting are now a priority, but most financial institutions lag behind.

Pressure is growing for financial markets to start measuring their climate performance. These key drivers include compliance & regulation, investor pressure, maturation of the ESG industry, risk management, and more. But most financial companies are still in the early stages of building their knowledge base and understanding how to start carbon accounting.

2. Financial institutions should move to a strategic phase of carbon accounting and disclosing.

Financial institutions should move from the tactical phase of carbon accounting and disclosing to a more strategic phase. A strategic phase would involve aligning with climate disclosure standards like the TCFD, committing to carbon reduction targets and creating strategies to meet them, incorporating climate change into due diligence, and analyzing the cost of carbon.

3. Persefoni is built to help financial institutions with the strategic phase.

Persefoni fits in because we are built for financial services. We have a breadth of experience across the financial service industry, specifically with the two primary standards for calculating and disclosing financial institutions’ emissions, the TCFD and PCAF. We have calculated 8.6 GT CO2e across over 65,000 investments and work with some of the top private equity and private credit companies around the globe.

4. Persefoni Portfolio analytics will enable financial institutions to develop better insights and strategies.

We are announcing two additional modules to help our customers in the financial sector dive deeper into their data and automate their data collection and uploads. The first update is Persefoni Portfolio Analytics, which provides banks, private market investors, insurance companies, and asset managers with carbon insights for better decision-making. You can find out more about the functions of this add-on in our blog.

5. Persefoni’s Integration Hub will allow financial institutions to upload data from the software systems they already have.

Because without data, there is no analytics. We are introducing Integration Hub, which enables organizations to connect Persefoni with their other software systems to collect the necessary activity information to estimate their carbon footprint. Again, you can find out more about the application our Integration Hub supports in our blog.

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