Financial institutions face increasing pressure to calculate their carbon emissions. New regulations in the EU and UK require auditable carbon disclosures from the finance sector, while customers are developing greater expectations for transparency from bankers and investors. Additionally, alongside their own disclosures, financial professionals need to collect climate data about the loans and investments they make in order to assess risk.
However, financial institutions – like private equity, venture capital, and asset managers – struggle with comprehensive and accurate carbon accounting. This is largely due to the complexity of collecting and processing data from their many assets and investments. To overcome this, financial professionals need solutions that automatically intake data and perform scientifically-rigorous calculations.
