In May, we convened the Perseus User Needs & Impact Advisory Group, co-chaired by Barclays and Icebreaker One.
Date: 7th May 2025 10:00-11:30 BST
Location: online
Co-Chairs: Gavin Starks, IB1; Claire Reid, Barclays
Secretariat: IB1
The meeting aims were as follows:
- Alignment on scope, priorities, decisions
- Endorsement of the approach
- Agreement on deadlines to identify and connect us with in-house peers
Summary:
- It was noted that:
- AG1 meetings are being restructured to be shorter, and focus on decision making and steering. Workshops will be held as our ‘getting things done’ mechanism.
- Development Bank Wales announcement has been published showcasing using Perseus in their due diligence process: https://ib1.org/2025/05/06/development-bank-of-wales-uses-perseus-in-green-lending
- AG1’s 2025 priorities are to:
- articulate the commercial value of financial products, market readiness, and segmentation
- engage and identify stakeholders across your organisation so we can help with internal communication and readiness
- prioritise next product category of GHG data and business use case
- agree 2025 case studies and collaborate with AG4 to share
- It is crucial we know who the internal stakeholders are who need to be brought in at the right time.
- It was agreed that:
- Gas will be the data type we should prioritise next, with waste generation as the second chosen option.
- Sustainability Linked-Loans (SLL) and use of proceeds are the product focuses prioritised for investigation.
- It was discussed that:
- A benefit of use of proceeds is it should be available in most FSPs and we don’t have to think about building new frameworks of SLL while adding a new level of complexity.
- There are ways use of proceeds can be further disaggregated and show how to demonstrate the value of Perseus for wider portfolio monitoring and reporting.
Next meeting date: 10-10:30 24th July 2025
Formal records are maintained by the secretariat. These are confidential to the Advisory Group Members.