Persefoni Case Studies Establishing Carbon Footprint in Investment Banking: A Case Study

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	Establishing Carbon Footprint in Investment Banking: A Case Study Persefoni

Establishing Carbon Footprint in Investment Banking: A Case Study

Persefoni

Technology Category	Infrastructure as a Service (IaaS) - Private Cloud Platform as a Service (PaaS) - Application Development Platforms
Applicable Industries	Finance & Insurance
Use Cases	Inventory Management Track & Trace of Assets
Challenge	The case study revolves around a multinational bank with expertise in investment banking, investment management, and private wealth management. The bank, which operates in approximately 20 to 40 offices worldwide, has been providing advisory services, strategies, and solutions for nearly a century. The bank had developed a process and analysis framework to determine each of its portfolio company’s relevant ESG-related risk exposures and opportunities. This positioned the bank to make strategic investment decisions based on these insights. However, the bank wanted to expand on sustainability and gain better visibility into its own carbon footprint. The first step in this direction was to understand its carbon footprint baseline. Read More
About Customer	The customer is a multinational bank with expertise in investment banking, investment management, and private wealth management. As an independent and employee-owned firm, the bank operates in approximately 20 to 40 offices worldwide. For nearly a century, the bank has been providing advisory services, strategies, and solutions driven by its ability to thoughtfully evolve to meet clients’ ever-changing needs amidst dynamic market conditions. The bank has developed a process and analysis framework to determine each of its portfolio company’s relevant ESG-related risk exposures and opportunities, positioning it to make strategic investment decisions based on these insights. Read More
Solution	To understand its carbon footprint baseline, the bank partnered with Persefoni and leveraged its Climate Management and Accounting Platform (CMAP). This platform helped the bank to quickly develop a data-driven baseline for its carbon footprint and allowed executives to measure and track progress on a continual basis. Once the baseline was developed, the bank explored additional ways to partner with Persefoni to further corporate sustainability initiatives. The bank began investigating best practices and leveraged Persefoni to achieve more granular insights into different office locations, departments, and layers of their business. Today, the bank uses the Persefoni Platform to seamlessly track Scope 1-3 emissions across 95% of its geographic footprint. The bank's internal team is developing subject matter expertise across different business units to create change management initiatives to streamline processes for years to come. Read More Log in to view content
Contents

Technology Category

Infrastructure as a Service (IaaS) - Private Cloud

Platform as a Service (PaaS) - Application Development Platforms

Applicable Industries

Finance & Insurance

Use Cases

Inventory Management

Track & Trace of Assets

Challenge

The case study revolves around a multinational bank with expertise in investment banking, investment management, and private wealth management. The bank, which operates in approximately 20 to 40 offices worldwide, has been providing advisory services, strategies, and solutions for nearly a century. The bank had developed a process and analysis framework to determine each of its portfolio company’s relevant ESG-related risk exposures and opportunities. This positioned the bank to make strategic investment decisions based on these insights. However, the bank wanted to expand on sustainability and gain better visibility into its own carbon footprint. The first step in this direction was to understand its carbon footprint baseline.

About Customer

The customer is a multinational bank with expertise in investment banking, investment management, and private wealth management. As an independent and employee-owned firm, the bank operates in approximately 20 to 40 offices worldwide. For nearly a century, the bank has been providing advisory services, strategies, and solutions driven by its ability to thoughtfully evolve to meet clients’ ever-changing needs amidst dynamic market conditions. The bank has developed a process and analysis framework to determine each of its portfolio company’s relevant ESG-related risk exposures and opportunities, positioning it to make strategic investment decisions based on these insights.

Solution

To understand its carbon footprint baseline, the bank partnered with Persefoni and leveraged its Climate Management and Accounting Platform (CMAP). This platform helped the bank to quickly develop a data-driven baseline for its carbon footprint and allowed executives to measure and track progress on a continual basis. Once the baseline was developed, the bank explored additional ways to partner with Persefoni to further corporate sustainability initiatives. The bank began investigating best practices and leveraged Persefoni to achieve more granular insights into different office locations, departments, and layers of their business. Today, the bank uses the Persefoni Platform to seamlessly track Scope 1-3 emissions across 95% of its geographic footprint. The bank's internal team is developing subject matter expertise across different business units to create change management initiatives to streamline processes for years to come.

Impact #1	The partnership with Persefoni has enabled the bank to gain better visibility into its own carbon footprint. The bank now has a centralized hub of all its carbon footprint data that is automated and integrates with their existing applications. This has allowed the bank to identify its strengths and weaknesses, understand industry trends, benchmark against peers, and create robust decarbonization strategies. The bank hopes that leading by example will help both peers and clients see the ease and opportunity enabled by investor-grade carbon accounting.

Impact #1

The partnership with Persefoni has enabled the bank to gain better visibility into its own carbon footprint. The bank now has a centralized hub of all its carbon footprint data that is automated and integrates with their existing applications. This has allowed the bank to identify its strengths and weaknesses, understand industry trends, benchmark against peers, and create robust decarbonization strategies. The bank hopes that leading by example will help both peers and clients see the ease and opportunity enabled by investor-grade carbon accounting.

Benefit #1	Developed a data-driven baseline for its carbon footprint
Benefit #2	Tracks Scope 1-3 emissions across 95% of its geographic footprint
Benefit #3	Developing subject matter expertise across different business units

Benefit #1

Developed a data-driven baseline for its carbon footprint

Benefit #2

Tracks Scope 1-3 emissions across 95% of its geographic footprint

Benefit #3

Developing subject matter expertise across different business units

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Overview

Establishing Carbon Footprint in Investment Banking: A Case Study

Operational Impact

Quantitative Benefit