With rising demand for managing the impacts of climate change, finance-related businesses are experiencing new challenges. Deloitte is partnering with Persefoni to launch a new integrated service that measures climate exposure, meets new regulations and delivers more informed data-focused decisions.

Persefoni, a climate management and accounting platform (CMAP) provide businesses, financial companies and government agencies with the software required for managing climate-related data and business performance with the same level of confidence as their financial reporting system. The software solutions will allow users to calculate their carbon footprint, perform climate modelling aligned to temperature rise scenarios and benchmark their impact by location, sector and other groups.

As Deloitte continues to focus on supporting clients on their path to net zero, it has formed a strong partnership with Persefoni. The collaboration will see the companies develop analytical solutions for the finance industry, supporting businesses to find a new path for measuring, disclosing and managing their carbon footprints, from an operational and financial perspective as part of their climate journey.

Ricardo Martinex, the sustainability, climate and equity leader at Deloitte Risk and Finance, explains that by leveraging rich data in the Persefoni platform combined with Deloitte’s analytics and services, they can support businesses through their end-to-end ESG transformation. As finance-related companies focus on carbon accounting requirements, recognising and evolving the financed emissions in their portfolios will enable clients to chart financed emissions, explore critical business risks and find opportunities to improve the structure of their financed portfolio, as well as meet all reporting obligations.

As leaders of sustainability and finance combine to tackle CMAP requirements, Persefoni and Deloitte’s clients can apply Persefoni’s tools and Deloitte’s experience with ESG practices and financial analytics to address sustainability and climate goals. The partnership has seen Deloitte create and integrate accelerators, analytics and other tools to support clients in the finance industry, and understand risks and opportunities based on financed emissions portfolio data.

The financial services industry faces rising pressure from governments, regulators and capital markets and is moving towards disclosing operational and financed emissions footprint. As finance companies work toward their net zero targets and improve their impact on the climate, creating a structured CMAP use will be vital, especially as ESG disclosures become regulated.

Kentaro Kawamori, CEO and Co-Founder of Persefoni, explains that Persefoni is excited to partner with Deloitte, a leader in sustainability, climate and equity strategy and advisor to many leading businesses and financial institutions. Supported by Perseoni’s technology platform and Deloitte’s sustainability, risk and reporting services, their clients in finance will have access to the best support on their climate journeys, from meeting compliance requirements to measuring climate exposure within their portfolios and enhancing their business strategies.