SUSTAINABILITY

Persefoni calls itself the ERP of carbon, and it is aiming straight at Wall Street. The Arizona-founded company calls itself the“ ERP of carbon”, and its sharpest edge is aimed at banks, insurers and investors that must account not just for their own emissions but for the far larger footprint of everything they finance. That financed-emissions problem is the reason climate reporting unnerves finance chiefs, and Persefoni built for it first. The platform produces“ investorgrade” emissions data mapped to the frameworks that now matter, the ISSB, California’ s SB 261 and Europe’ s CSRD. A partnership with climate-data firm First Street lets users price physical risks like flood and wildfire against specific assets. Led by Co-Founder and CEO Kentaro Kawamori, Persefoni has raised about US $ 179m and says it has reached the profitability that much of climate tech still only promises. Its wager is narrower and more pointed than most. The hardest, most regulated corner of net zero is finance itself, and whoever owns the carbon sub-ledger for financial institutions owns the most valuable seat in the market.“ Carbon and climate disclosures will be the biggest compliance market since the advent of Sarbanes-Oxley and GDPR, but with even greater complexity,” says Kentaro Kawamori, CEO and Co-Founder at Persefoni.

THE PITCH

Kentaro Kawamori CEO and Co-founder

Persefoni

Investor-grade carbon accounting purpose-built for financed emissions and financial-services disclosure.