Persefoni

The private equity firm, a pioneer in impact investing, was committed to understanding and managing its environmental impact. This included understanding its operational carbon footprint and the impact of its vast portfolio investments. However, the firm faced challenges in calculating its carbon footprint. It relied on consultants for this task, but the process was complex and fraught with difficulties. The firm grappled with 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 provided visibility to make actionable decisions related to carbon.

A North American technology company, recognized as a Forbes Cloud 100 Honoree, was committed to sustainability and aimed to scale its efforts for improved efficiency. The company, with nearly 1,000 employees, is trusted by over 3,500 of the world's top brands and fastest-growing innovators. It is designed to reduce power consumption through optimization and automation. However, the company was facing challenges in tracking its carbon footprint. The process was manual, involving internal teams and external consultants, which was time-consuming and tedious. The company wanted to increase visibility at an organizational level through automation and quantify its full impact. It also aimed to integrate sustainability cross-departmentally and accelerate its efforts towards sustainability.

Hoover CS, a global provider of sustainable industrial packaging and fleet management solutions, was committed to sustainability and aimed to provide 'more value with less waste'. They wanted to move their customers away from single-use containers. However, they faced a challenge in accurately measuring Scope 1, 2, and 3 emissions. This was crucial for them to assess their progress towards their internal climate goals, create reports for audits, stakeholder requests, and annual ESG reports. The complexity of their operations, spanning across multiple sites, countries, and states, made it difficult to gather and analyze the necessary data.

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.