Carbon accounting platform Normative now enables financial institutions to comply with climate disclosure requirements and turn their net zero commitments “into pragmatic, science-based transition plans”. The UK’s Streamlined Energy and Carbon Reporting policy requires organisations to disclose carbon emissions information in their annual reports. In the EU, the Sustainable Finance Disclosure Regulation obligates financial market participants to report sustainability impact, including Scope 3 emissions. The US Securities and Exchanges Commission has also proposed rules that would require climate-related disclosures for investors. To help financial institutions cope with the compliance burden, as well as to report in line with frameworks like the Task Force on Climate-Related Financial Disclosures (TCFD), Normative’s carbon accounting platform delivers accurate carbon emissions calculations through Scopes 1, 2, and 3 for enterprises, further aiding portfolio analysis. “At Normative, we help our customers produce science-based and accurate carbon calculations, which empowers them to make emissions reductions where it really counts,” Kristian Rönn, CEO and Co-founder of Normative, said. “Our latest product update is key for financial institutions to stay compliant with legislation and take control of their value chain emissions.”
[Article] Empowering financial institutions to manage financed emissions.
Our latest product update automates calculating financed emissions, empowering financial institutions to turn their net-zero commitments into science-based actions 💪 https://t.co/NcuxSLLOKD
— Normative (@normativeio) March 21, 2023