In line with “you can’t manage what you don’t measure”, the footprinting of GHG emissions in the portfolio is the starting point for everything that follows.
Magnolia Consulting assists clients in selecting relevant data sources that serve as a basis for their own (net zero) climate targets. We support the implementation of the established GHG accounting standard for financial institutions. The relevant standard was developed by the Partnership for Carbon Accounting Financials (PCAF) and is recognized by the GHG Protocol. The market as well as regulation reflect the PCAF standard for measuring financed emissions, for example in the Sustainable Finance Disclosure Regulation.
At Magnolia Consulting, we provide independent advice in the data selection process and always keep an eye on any other potential data needs. Those can be the data needed to calculate climate targets as part of the Science-Based Targets Initiative, the Net Zero Asset Managers Initiative or the Net Zero Asset Owner Initiative. You can also rely on our independent expertise when responding to climate stress tests. We have many years of experience with different data providers and can draw on detailed knowledge of the quality of various CO2 data source and provide a comprehensive overview of the market.