For this Company Spotlight, we interviewed Persefoni’s Chief Sustainability Officer (Tim Mohin) about the company’s Climate Management & Accounting Platform (CMAP). Persefoni’s Software-as-a-Service (SaaS) solutions enable enterprises and financial institutions to meet stakeholder and regulatory climate disclosure requirements with the highest degrees of trust, transparency, and ease. For more information on Persefoni, please visit persefoni.com.

Background: After leading corporate sustainability efforts at companies such as Intel, Apple, and AMD, as well as serving as Chief Executive of the Global Reporting Initiative (GRI – the largest standard for environmental, social, and governance (ESG) reporting), Tim Mohin joined Persefoni months after it was founded. Mohin was an early joiner because of his experience with corporate sustainability leaders who are still using rudimentary tools like spreadsheets calculate their carbon emissions. Knowing that changes in regulations and standards would soon create a need for enterprise-level software, the opportunity was clear. This knowledge combined with the vision, people, and values of the Persefoni team made it an easy decision to join. Today, Persefoni has raised a record $114M for its ClimateTech software and has clients from 18 of the 20 North American Industry Classification System (NAICS) sectors.

Value Proposition: With investors and regulators demanding investor-grade climate information, companies will not be able to rely on spreadsheets to report their carbon emissions with the level of reliability needed. Persefoni’s platform is the ERP of carbon – it is purpose-built to help companies measure, manage, and disclose carbon emissions metrics on a real-time and forecasted basis.

Completeness: The Greenhouse Gas Protocol (GHGP) is the global accounting standard for estimating greenhouse gas accounting. This 1,800-page standard provides accounting rules and more than 260 calculations covering thousands of data types (e.g., miles traveled, tons of materials used, etc.). Persefoni’s platform has codified these accounting procedures and incorporates more than 107,000 GHG emission factors covering 156 countries. The system is designed to minimize user-provided information by encoding the most up-to-date carbon accounting information possible and linking to the client’s existing ERP systems.
Auditable & Assured Compliance: Persefoni’s software documents all emissions calculations at a granular level. Each transaction is recorded in a carbon ledger that enables third-party auditors to easily verify and validate greenhouse gas disclosures.
Decision Useful: The main value of the Persefoni platform is that it provides reliable and timely carbon information to corporate management and governance bodies. With this information, companies can assess their climate-related risks and develop strategies to mitigate such risks. Not only are such strategies good for business, but they are also required disclosures under the proposed SEC climate regulations.
Analytics & Integrations: Persefoni provides analytical tools to help develop climate risk strategies, such as climate trajectory modeling and scenario analysis. By integrating with other climate offerings like carbon offset marketplaces (e.g., Patch) and top-rated management consulting (e.g., Bain and Co), the Persefoni platform provides an end-to-end solution, which accelerates the process.
Sustainability Intelligence: The ESG field is changing rapidly and Persefoni works with leading experts to keep the platform and its clients on the cutting-edge. Persefoni’s Sustainability Advisory Board are globally recognized ESG experts who help the company anticipate and stay current with the latest developments. In addition, Persefoni recently hired a senior attorney from the SEC who provides deep intelligence about ESG disclosure policy in the U.S. and around the world.

Closing Thoughts: Mandatory disclosure of carbon metrics, governance, and strategies is here. This is no longer a “nice to do” exercise – carbon must now be treated with the same rigor as financial reporting. The Persefoni platform enables robust and reliable carbon measurement, management, and disclosure that meets the needs of regulators and investors alike. Most importantly, the Persefoni tool accelerates the transition to a low carbon economy because what gets measured gets done.

Company Spotlights

April 2022