Perseus – the business case

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Here are summaries of the business cases for:

Business Case: Perseus for Small and Medium-sized Businesses (SMEs)

The business case for small and medium-sized enterprises (SMEs) to engage with Perseus lies in the potential for accessing capital, reducing emissions, and enhancing reputation. Here are key points for the business case:

  1. Access to Capital: Perseus can help SMEs unlock access to capital that will reduce their emissions. By providing automated access to assurable energy data, SMEs can demonstrate their commitment to sustainability and provide reliable data to lenders. This can help them secure financing for energy efficiency upgrades, renewable energy projects, and other sustainability initiatives.
  2. Improved Data Quality: Perseus improves the quality of data related to GHG emissions and energy usage. By automating the delivery of assurable data, SMEs can ensure that their data is accurate, reliable, and standardised. This can help them identify areas for improvement, track progress, and report on their sustainability performance more effectively.
  3. Enhanced Reputation: Participating in Perseus can enhance the reputation of SMEs. By demonstrating their commitment to sustainability and transparency, SMEs can differentiate themselves from competitors and attract customers who prioritise sustainability. This can lead to increased brand loyalty, customer retention, and positive word-of-mouth.
  4. Cost Savings:
    Perseus can help SMEs identify opportunities for cost savings related to energy usage. By providing access to comprehensive and reliable data, SMEs can identify areas for improvement, implement energy efficiency measures, and reduce their energy costs. This can lead to significant cost savings over time, improving the financial health of the business.
  5. Compliance: Perseus can help SMEs comply with regulatory requirements related to GHG emissions and sustainability reporting. By automating the delivery of assurable data, SMEs can ensure that they are meeting regulatory requirements and avoiding potential penalties or fines.
  6. Business Growth Opportunities: As consumers increasingly prioritise sustainability, SMEs that demonstrate their commitment to sustainability can attract new customers and expand their customer base. By participating in Perseus, SMEs can differentiate themselves from competitors and tap into the growing market for sustainable products and services.

In conclusion, participating in Perseus offers SMEs numerous benefits, including access to capital, improved data quality, enhanced reputation, cost savings, compliance, and business growth opportunities. By embracing Perseus, SMEs can demonstrate their commitment to sustainability, improve their financial health, and position themselves for long-term success.

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Business Case: Perseus for Banks

Perseus is a global initiative that will to enable banks and other financial institutions to unlock net-zero incentives and reduce risks with open standards and assurable data.

The business case for banks to engage with Perseus lies in the potential for improved climate risk management, enhanced ESG reporting, and alignment with industry standards such as PCAF and GHG Scope 3 Category 15. Here are some key points for the business case:

  1. Improved Climate Risk Management: Perseus aims to better manage climate risk and audit loan books. By engaging with Perseus, banks can access reliable and standardised energy data that will improve their ability to assess and manage climate-related risks. This will help banks identify potential vulnerabilities, develop mitigation strategies, and ensure the long-term sustainability of their operations and investments. This alignment can also enhance the credibility and reliability of banks’ climate risk management practices, which are increasingly valued by investors and stakeholders.
  2. Enhanced ESG Reporting: Perseus offers banks the opportunity to improve their ESG reporting and disclosure practices. By participating in Perseus, banks can access reliable and standardised energy data that will enhance the quality and accuracy of their ESG reporting. This will help banks meet regulatory requirements, respond to investor demands, and demonstrate their commitment to sustainability. Additionally, by aligning with Perseus, banks can contribute to the development of industry standards and best practices in ESG reporting and disclosure.
  3. Alignment with PCAF: Perseus is endorsed by the Partnership for Carbon Accounting Financials (PCAF), a global initiative that aims to develop a harmonised approach to measuring and disclosing the greenhouse gas emissions of financial institutions. By engaging with Perseus, banks can align with PCAF’s methodology and reporting framework, which will enhance the comparability and reliability of their emissions data. This alignment will also demonstrate banks’ commitment to industry standards and best practices in carbon accounting and disclosure.
  4. Address GHG Scope 3 Category 15: Perseus focuses on automating access to assurable energy data to support GHG Scope 3 Category 15 emissions. By engaging with Perseus, banks will gain insights into their Scope 3 emissions and identify opportunities to reduce their carbon footprint. This will help banks meet regulatory requirements, respond to investor demands, and demonstrate their commitment to sustainability. Additionally, by aligning with Perseus, banks will contribute to the development of industry standards and best practices in Scope 3 emissions reporting and disclosure.
  5. Market Opportunities: Engaging with Perseus will position banks as industry leaders in sustainability and innovation. This will open up new market opportunities for banks, including attracting environmentally conscious clients, accessing sustainable investment opportunities, and differentiating themselves from competitors. By aligning with Perseus and demonstrating a commitment to climate risk management, ESG reporting, and industry standards such as PCAF and GHG Scope 3 Category 15, banks will enhance their reputation, build trust with stakeholders, and strengthen their position in the market.
  1. Collaboration and Partnerships: Engaging with Perseus provides banks with the opportunity to collaborate with other financial institutions, technology providers, and industry experts. This collaboration can foster knowledge sharing, innovation, and the development of best practices in climate risk management and emissions reporting. By participating in Perseus, banks can access valuable resources, expertise, and networks that can support their sustainability efforts and drive continuous improvement. Additionally, collaboration with other stakeholders can lead to the development of new financial products and services that align with the transition to a low-carbon economy.
  2. Regulatory Compliance: Perseus aligns with regulatory requirements related to climate risk management, emissions reporting, and sustainability. By engaging with Perseus, banks can ensure compliance with these requirements and avoid potential penalties or reputational risks. This alignment can also provide banks with a structured framework for reporting and managing their emissions, simplifying the process and reducing administrative burdens. By proactively addressing regulatory expectations through participation in Perseus, banks can demonstrate their commitment to responsible and sustainable business practices.

In summary, engaging with Perseus can bring numerous benefits to banks, including improved climate risk management, enhanced ESG reporting, alignment with industry standards such as PCAF and GHG Scope 3 Category 15, market opportunities, collaboration and partnerships, and regulatory compliance. By aligning with Perseus, banks can strengthen their sustainability practices, enhance their reputation, attract environmentally conscious clients, access sustainable investment opportunities, and contribute to the transition to a low-carbon economy.

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Business Case: Perseus for Energy Companies

The business case for an energy company to support Perseus is rooted in the potential benefits it can bring to the company’s operations, reputation, and alignment with sustainability goals. Here are some key points for the business case:

  1. Streamlined Data Access: Perseus aims to automate access to assurable energy data at market scale. By supporting Perseus, an energy company can benefit from streamlined access to reliable and standardised energy data. This can improve the company’s internal data management processes, enhance operational efficiency, and facilitate data-driven decision-making.
  2. Enhanced Sustainability Reporting: Perseus focuses on automating GHG reporting across the entire economy. By supporting Perseus, an energy company can improve its sustainability reporting capabilities. This can help the company meet regulatory requirements, demonstrate its commitment to transparency and accountability, and enhance its reputation as a responsible and sustainable energy provider.
  3. Market Opportunities: Supporting Perseus can position an energy company as an industry leader in sustainability and innovation. This can open up new market opportunities, attract environmentally conscious customers, and differentiate the company from competitors. By aligning with Perseus, an energy company can demonstrate its commitment to addressing climate change and contribute to the transition to a low-carbon economy.
  4. Risk Management: Perseus aims to better manage climate risk and audit loan books. By supporting Perseus, an energy company can improve its ability to assess and manage climate-related risks. This can help the company identify potential vulnerabilities, develop mitigation strategies, and ensure the long-term sustainability of its operations and investments.
  5. Collaboration and Partnerships: Supporting Perseus provides an opportunity for an energy company to collaborate with other stakeholders, including financial institutions, technology providers, and auditors. This collaboration can foster knowledge sharing, innovation, and the development of new low-carbon technologies and solutions. It can also enhance the company’s reputation as a collaborative and forward-thinking industry player.

In summary, supporting Perseus can bring benefits to an energy company in terms of streamlined data access, enhanced sustainability reporting, market opportunities, risk management, and collaboration. By aligning with Perseus, an energy company can improve its operational efficiency, strengthen its reputation, seize market opportunities, manage climate-related risks, and contribute to the transition to a sustainable energy future.

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Business Case: Perseus for Audit Firms

The business case for an audit firm to support Perseus lies in the potential for enhanced audit quality, risk management, and reputation. Here are some key points for the business case:

  1. Improved Audit Quality: Perseus aims to automate access to assurable energy data at market scale. By supporting Perseus, an audit firm can benefit from streamlined access to reliable and standardised energy data. This can improve the quality and accuracy of audit procedures, enabling more effective identification and assessment of climate-related risks and opportunities. This alignment can also enhance the credibility and reliability of audit reports, aligning with the objectives of audit firms to provide high-quality and reliable assurance services.
  2. Enhanced Risk Management: Perseus seeks to better manage climate risk and audit loan books. By supporting Perseus, an audit firm can improve its ability to assess and manage climate-related risks. This can help the firm identify potential vulnerabilities, develop mitigation strategies, and ensure the long-term sustainability of its operations and investments. This alignment can also enhance the firm’s reputation as a responsible and forward-thinking industry player.
  3. Market Opportunities: Supporting Perseus can position an audit firm as an industry leader in sustainability and innovation. This can open up new market opportunities, attract environmentally conscious clients, and differentiate the firm from competitors. By aligning with Perseus, an audit firm can demonstrate its commitment to addressing climate change and contribute to the transition to a low-carbon economy.
  4. Collaboration and Partnerships: Supporting Perseus provides an opportunity for an audit firm to collaborate with other stakeholders, including financial institutions, technology providers, and ESG standards bodies. This collaboration can foster knowledge sharing, innovation, and the development of new audit methodologies and tools. It can also enhance the firm’s reputation as a collaborative and forward-thinking industry player.
  5. Regulatory Compliance: Perseus aligns with regulatory requirements related to climate risk management and reporting. By supporting Perseus, an audit firm can ensure compliance with these requirements and provide added value to clients. This alignment can also enhance the firm’s reputation as a trusted and reliable provider of audit services.

In summary, supporting Perseus can bring benefits to an audit firm in terms of improved audit quality, enhanced risk management, market opportunities, collaboration, and regulatory compliance. By aligning with Perseus, an audit firm can improve its operational efficiency, strengthen its reputation, seize market opportunities, manage climate-related risks, and contribute to the transition to a sustainable future.

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Business Case: Carbon accounting firms

The business case for carbon accounting firms to engage with Perseus lies in the potential for improved data quality, enhanced reporting capabilities, and alignment with industry standards such as PCAF and GHG Scope 3 Category 15. Here are some key points for the business case:

  1. Improved Data Quality: Perseus aims to automate access to assurable energy data, which can improve the quality and reliability of emissions data. By engaging with Perseus, carbon accounting firms can access standardised and reliable energy data that can enhance the accuracy and completeness of their emissions inventories. This can help carbon accounting firms provide more robust and reliable carbon accounting services to their clients, which can enhance their credibility and reputation in the market.
  2. Enhanced Reporting Capabilities: Perseus offers carbon accounting firms the opportunity to enhance their reporting capabilities and provide more comprehensive and accurate emissions reports to their clients. By participating in Perseus, carbon accounting firms can access reliable and standardised energy data that can improve the quality and accuracy of their emissions reports. This can help carbon accounting firms meet regulatory requirements, respond to investor demands, and demonstrate their commitment to sustainability. Additionally, by aligning with Perseus, carbon accounting firms can contribute to the development of industry standards and best practices in emissions reporting and disclosure.
  3. Alignment with PCAF: Perseus is endorsed by the Partnership for Carbon Accounting Financials (PCAF), a global initiative that aims to develop a harmonised approach to measuring and disclosing the greenhouse gas emissions of financial institutions. By engaging with Perseus, carbon accounting firms can align with PCAF’s methodology and reporting framework, which can enhance the comparability and reliability of their emissions data. This alignment can also demonstrate carbon accounting firms’ commitment to industry standards and best practices in carbon accounting and disclosure.
  4. Address GHG Scope 3 Category 15: Perseus focuses on automating access to assurable energy data, including GHG Scope 3 Category 15 emissions, which are indirect emissions from the use of products and services. By engaging with Perseus, carbon accounting firms can gain insights into their clients’ Scope 3 emissions and identify opportunities to reduce their carbon footprint. This can help carbon accounting firms provide more comprehensive and accurate emissions reports to their clients, which can enhance their credibility and reputation in the market. Additionally, by aligning with Perseus, carbon accounting firms can contribute to the development of industry standards and best practices in Scope 3 emissions reporting and disclosure.
  5. Market Opportunities: Engaging with Perseus can position carbon accounting firms as industry leaders in sustainability and innovation. This can open up new market opportunities for carbon accounting firms, including attracting clients who prioritise accurate and comprehensive carbon accounting, accessing partnerships with financial institutions and technology providers, and differentiating themselves from competitors. By aligning with Perseus and demonstrating a commitment to data quality, enhanced reporting capabilities, and industry standards such as PCAF and GHG Scope 3 Category 15, carbon accounting firms can enhance their reputation, build trust with clients, and strengthen their position in the market.
  1. Collaboration and Partnerships: Engaging with Perseus provides carbon accounting firms with the opportunity to collaborate with other stakeholders, including financial institutions, energy companies, and technology providers. This collaboration can foster knowledge sharing, innovation, and the development of best practices in carbon accounting and emissions reporting. By participating in Perseus, carbon accounting firms can access valuable resources, expertise, and networks that can support their sustainability efforts and drive continuous improvement. Additionally, collaboration with other stakeholders can lead to the development of new services and solutions that align with the transition to a low-carbon economy.
  2. Regulatory Compliance: Perseus aligns with regulatory requirements related to emissions reporting, sustainability, and transparency. By engaging with Perseus, carbon accounting firms can ensure compliance with these requirements and avoid potential penalties or reputational risks. This alignment can also provide carbon accounting firms with a structured framework for reporting and managing emissions, simplifying the process and reducing administrative burdens. By proactively addressing regulatory expectations through participation in Perseus, carbon accounting firms can demonstrate their commitment to responsible and accurate carbon accounting practices.

In summary, engaging with Perseus can bring numerous benefits to carbon accounting firms, including improved data quality, enhanced reporting capabilities, alignment with industry standards such as PCAF and GHG Scope 3 Category 15, market opportunities, collaboration and partnerships, and regulatory compliance. By aligning with Perseus, carbon accounting firms can strengthen their sustainability practices, enhance their reputation, attract clients who prioritise accurate carbon accounting, access partnerships and collaborations, and contribute to the transition to a low-carbon economy.

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Policy Case: Government policymakers and regulators

The case for government policymakers and regulators to engage with Perseus lies in the potential for improved climate risk management, enhanced emissions reporting, and alignment with regulatory requirements and industry standards. Here are some key points for the case:

  1. Improved Climate Risk Management: Perseus aims to automate access to assurable energy data, which can improve the quality and reliability of emissions data. By engaging with Perseus, policymakers and regulators can access standardised and reliable energy data that can enhance their understanding of climate risks and inform policy decisions. This can help policymakers and regulators develop more effective climate policies, identify areas of high risk, and support the transition to a low-carbon economy.
  2. Enhanced Emissions Reporting: Perseus offers policymakers and regulators the opportunity to enhance their emissions reporting capabilities and provide more comprehensive and accurate emissions reports to the public. By participating in Perseus, policymakers and regulators can access reliable and standardised energy data that can improve the quality and accuracy of their emissions reports. This can help policymakers and regulators meet regulatory requirements, respond to public demands for transparency, and demonstrate their commitment to sustainability. Additionally, by aligning with Perseus, policymakers and regulators can contribute to the development of industry standards and best practices in emissions reporting and disclosure.
  3. Alignment with Regulatory Requirements: Perseus aligns with regulatory requirements related to climate risk management, emissions reporting, and sustainability. By engaging with Perseus, policymakers and regulators can ensure compliance with these requirements and avoid potential penalties or reputational risks. This alignment can also provide policymakers and regulators with a structured framework for reporting and managing emissions, simplifying the process and reducing administrative burdens. By proactively addressing regulatory expectations through participation in Perseus, policymakers and regulators can demonstrate their commitment to responsible and sustainable policy-making.
  4. Alignment with Industry Standards: Perseus is endorsed by the Partnership for Carbon Accounting Financials (PCAF), a global initiative that aims to develop a harmonised approach to measuring and disclosing the greenhouse gas emissions of financial institutions. By engaging with Perseus, policymakers and regulators can align with PCAF’s methodology and reporting framework, which can enhance the comparability and reliability of emissions data. This alignment can also demonstrate policymakers and regulators’ commitment to industry standards and best practices in emissions reporting and disclosure.
  5. Market Opportunities: Engaging with Perseus can position policymakers and regulators as leaders in sustainability and innovation. This can open up new market opportunities for policymakers and regulators, including attracting investment, fostering economic growth, and attracting businesses that prioritise sustainability. By aligning with Perseus and demonstrating a commitment to data quality, enhanced reporting capabilities, and industry standards, policymakers and regulators can enhance their reputation, build trust with stakeholders, and strengthen their position as leaders in climate action.
  1. Collaboration and Knowledge Sharing: Engaging with Perseus provides policymakers and regulators with the opportunity to collaborate with other stakeholders, including financial institutions, energy companies, and technology providers. This collaboration can foster knowledge sharing, innovation, and the development of best practices in climate risk management and emissions reporting. By participating in Perseus, policymakers and regulators can access valuable resources, expertise, and networks that can support their policy-making efforts and drive continuous improvement. Additionally, collaboration with other stakeholders can lead to the development of new policies and regulations that align with the transition to a low-carbon economy.
  2. Public Trust and Transparency: Perseus promotes transparency and accountability in emissions reporting and climate risk management. By engaging with Perseus, policymakers and regulators can demonstrate their commitment to transparency and provide the public with reliable and standardised information on emissions and climate risks. This can enhance public trust in government actions, increase awareness and understanding of climate issues, and foster public support for sustainable policies and regulations.
  3. International Leadership: By leading the way in engaging with Perseus, policymakers and regulators can position themselves as international leaders in climate action. This can enhance their influence in global climate negotiations, attract international collaborations and partnerships, and contribute to the development of global standards and best practices. By aligning their policies and regulations with Perseus, policymakers and regulators can demonstrate their commitment to global climate goals and inspire other countries to follow suit.

In summary, engaging with Perseus can bring numerous benefits to government policymakers and regulators, including improved climate risk management, enhanced emissions reporting, alignment with regulatory requirements and industry standards, market opportunities, collaboration and knowledge sharing, public trust and transparency, and international leadership. By aligning with Perseus, policymakers and regulators can strengthen their climate policies, enhance their reputation, attract investment and businesses, foster economic growth, and contribute to the global transition to a low-carbon economy.

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Business Case: Perseus for ESG standards bodies such as PCAF and CDP

The business case for ESG standards bodies such as PCAF (Partnership for Carbon Accounting Financials) and CDP (Carbon Disclosure Project) to support Perseus lies in the potential for collaboration, alignment of objectives, and the advancement of sustainable finance. Here are some key points for the business case:

  1. Harmonisation of Reporting Standards: organisations such as PCAF and CDP are dedicated to developing and promoting standardised reporting for carbon accounting and disclosure. By supporting Perseus, these bodies can contribute to the harmonisation of reporting standards and methodologies. This alignment can enhance data comparability, reliability, and transparency, enabling more accurate and meaningful assessment of carbon emissions and climate-related risks.
  2. Data Quality and Assurance: Perseus aims to provide a trusted and assurable process for accessing and reporting GHG data. By supporting Perseus, ESG standards and reporting bodies can contribute to the development of robust data quality and assurance mechanisms. This can enhance the credibility and reliability of GHG data reported by financial institutions, aligning with the objectives of PCAF and CDP to ensure accurate and verifiable carbon accounting.
  3. Integration of Financial and ESG Data: Perseus seeks to automate the flow of energy data from utilities to financial institutions. By supporting Perseus, ESG standards bodies can contribute to the integration of financial and ESG data. This integration can provide a more comprehensive view of the environmental impact and climate risks associated with financial portfolios. It can also facilitate the development of innovative financial products and services that incorporate ESG considerations.
  4. Advancement of Sustainable Finance: Perseus aligns with the objectives of sustainable finance, which aims to integrate environmental and social factors into investment decision-making. By supporting Perseus, ESG standards bodies can contribute to the advancement of sustainable finance practices. This can help investors and financial institutions better assess climate-related risks, allocate capital to low-carbon and sustainable projects, and drive positive environmental and social outcomes.
  5. Collaboration and Knowledge Sharing: Supporting Perseus provides an opportunity for ESG standards bodies to collaborate with other stakeholders, including financial institutions, utilities, and technology providers. This collaboration can foster knowledge sharing, innovation, and the development of best practices in carbon accounting and disclosure. It can also enhance the collective understanding of emerging sustainability challenges and facilitate the evolution of reporting frameworks to address these challenges effectively.

In summary, supporting Perseus can bring benefits to ESG standards bodies in terms of harmonisation of reporting standards, data quality and assurance, integration o financial and ESG data, advancement of sustainable finance, and collaboration. By endorsing and collaborating with Perseus, ESG standards bodies such as PCAF and CDP can contribute to the development of standardised and reliable carbon accounting practices, enhance the credibility of GHG data, promote the integration of financial and ESG considerations, and drive positive environmental and social outcomes. This collaboration can also foster knowledge sharing, innovation, and the development of best practices in carbon accounting and disclosure, ultimately advancing the collective understanding and implementation of sustainable finance principles.

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Why should we fund this rather than just wait for everyone else to fund it and come in later?

If you are questioning the need to invest now in a collective action challenge for climate change and suggest waiting for others to fund it and come along later, here are some key points to consider:

  1. Urgency of Climate Change: Climate change is a pressing global challenge that requires immediate action. Waiting for others to address the issue may lead to irreversible environmental and social consequences. Investing now in collective action can help tackle climate change’s root causes and mitigate its impacts effectively.
  2. Multiplier Effect: When multiple stakeholders come together to invest in a collective action challenge, the impact is magnified. Collective efforts can lead to more significant results, as resources, expertise, and knowledge are pooled. Waiting for others to act might delay or weaken the effectiveness of the response.
  3. Leadership and Influence: By taking the initiative to invest in climate change challenges, you can demonstrate leadership and influence others to follow suit. Your actions can inspire and encourage others to contribute to the cause, creating a positive domino effect.
  4. Innovation and Learning: Early involvement in collective action allows for experimentation, learning, and innovative solutions. Waiting for others to act might limit opportunities for developing new approaches and technologies that could lead to more efficient and impactful outcomes.
  5. Risk Mitigation: Climate change poses significant risks to businesses, communities, and economies. Investing in collective action now can help mitigate those risks and ensure a more resilient future.
  6. Moral and Ethical Responsibility: Addressing climate change is not just a matter of convenience; it is a moral and ethical responsibility to protect the planet and future generations. Delaying action may exacerbate inequalities and harm vulnerable communities disproportionately.
  7. Policy and Regulatory Environment: Global efforts to combat climate change are likely to result in stricter policies and regulations in the future. Investing early can position organisations and individuals to comply with emerging standards and avoid potential penalties.
  8. Economic Opportunities: Investing in climate change solutions can create new economic opportunities, drive innovation, and promote sustainable business practices. It can lead to the development of green technologies and industries, contributing to long-term economic growth.
  9. Global Collaboration: Climate change is a collective challenge that requires collaboration among governments, businesses, civil society, and individuals. Investing now in collective action demonstrates a commitment to global cooperation and partnership.
  10. Time for Impact: Climate change requires long-term solutions, and the longer we wait, the more challenging and costly it becomes to address its effects. Acting now increases the likelihood of achieving meaningful and lasting impact.

In conclusion, investing now in a collective action challenge for climate change is not just about financing a project; it is about taking responsibility, demonstrating leadership, and working together to safeguard the planet’s future. Delaying action may jeopardise our ability to address climate change effectively and could result in missed opportunities for positive change. By acting now, you can contribute to a more sustainable, resilient, and equitable future for all.

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What is GHG Scope 3 Category 15 and how is it relevant to PCAF?

GHG Scope 3 Category 15 refers to a specific category within the Scope 3 emissions framework. It is designed primarily for private financial institutions, but it is also relevant to public financial institutions and other entities with investments not included in Scope 1 and Scope 2. Category 15 focuses on accounting for the emissions associated with investments made by a company. When the scope 3 emissions from these investments are significant compared to other sources of emissions, investors should include them in their calculations.

The PCAF (Partnership for Carbon Accounting Financials) is a global partnership of financial institutions that work together to develop and implement a harmonised approach to assess and disclose the greenhouse gas (GHG) emissions associated with their loans and investments. The PCAF methodology is based on the GHG Protocol Corporate Value Chain (Scope 3) Accounting and Reporting Standard, which includes Category 15 for financial institutions to account for their investments’ emissions. Therefore, the guidance provided on measuring and reporting Scope 3 Category 15 emissions is relevant to financial institutions that are members of the PCAF and are committed to measuring and disclosing the carbon footprint of their investments.

Reference: https://ghgprotocol.org/sites/default/files/2022-12/Chapter15.pdf

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