New collaboration enhances enterprise
climate reporting and compliance efficiency
TEMPE,
Ariz., June 17, 2024 /PRNewswire/ -- Persefoni, a
leading Climate Management & Accounting Platform (CMAP) for
enterprises and financial institutions; and First Street, the
standard for physical climate risk data, are pleased to announce a
market-leading partnership to integrate First Street's advanced
physical risk management capabilities directly into a new offering
within the Persefoni platform, offering enterprises a seamless way
to access location-based climate risk data for their assets.
This partnership is designed not only to
save organizations time but also to enhance the accuracy of these
reports
In today's global regulatory landscape, enterprises will soon be
required to report physical climate risk information to comply with
standards set by the U.S. Securities & Exchange Commission,
California's SB 261, CSRD, and
various other global governing bodies. This partnership is designed
not only to save organizations time but also to enhance the
accuracy of these reports, providing enterprises with a robust tool
for comprehensive disclosure and reporting preparation.
The initial product will offer property specific physical risk
data for U.S.-based assets with a subsequent release for global,
non-U.S., asset coverage. The product will be available to purchase
in Q4 2024. Most Persefoni customers will be able to purchase and
use this new set of capabilities with little to no implementation
work needed as they will already have the necessary data available
to take advantage of this new set of analytics.
"Persefoni's commitment to product innovation is unwavering,
acknowledged by esteemed research entities and valued by global
partners. Integrating First Street's physical risk data into our
platform marks a pivotal stride towards our mission: crafting
unparalleled carbon and climate solutions. This partnership
fortifies our collective capabilities, empowering customers with
indispensable data to navigate evolving carbon accounting
standards." said Kentaro
Kawamori, CEO and Co-founder of Persefoni.
Matthew Eby, Founder and CEO
of First Street, added, "Our collaboration with Persefoni
represents a simplification for enterprise procurement, management
and compliance with climate regulations. By embedding access to our
data into Persefoni's comprehensive climate accounting platform,
we're providing a single solution for both physical risk and carbon
accounting needs."
This partnership underscores Persefoni's commitment to
delivering a comprehensive solution for carbon and climate
management. Alongside Persefoni's industry-leading advances in
Generative AI and Supply Chain Management, Persefoni Pro, this new product continues to set
Persefoni apart from other industry vendors.
For more information, visit Persefoni's website and First
Street's website.
About Persefoni
Persefoni AI Inc. offers businesses
and financial institutions the software and AI tools to manage
their organization's climate-related data, disclosures, and
performance with the same level of rigor and confidence as their
financial reporting systems. With our platform, users can
streamline their carbon footprint calculations, develop and oversee
decarbonization strategies, and generate audit-ready sustainability
reports.
About First Street
First Street™ is the standard for
physical climate risk data working to connect climate change to
financial risk. First Street uses transparent, peer-reviewed
methodologies to calculate the past, present, and future climate
risk for properties globally and makes it available for citizens,
industry and government.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/persefoni-and-first-street-announce-partnership-launching-joint-climate-physical-risk-solution-in-the-persefoni-platform-302173674.html
SOURCE Persefoni