5 May 22

Greenstone’s investor ESG software named as finalist - Drawdown Awards

Drawdown Finalist blogGreenstone has been shortlisted as a finalist in The Drawdown Awards, in the ‘Technology: ESG’ category. The Drawdown Awards celebrate excellence and innovation within private capital fund operations. With a judging panel made up of leading industry practitioners (both GPs and LPs), the rigorous judging process makes these awards stand out from the crowd in both rigour and prestige.

Being named on the shortlist recognises Greenstone’s leadership in technology innovation through the launch and development of its investor ESG solution, InvestorPortal, which is currently being used by Private Equity firms all over the world with a collective total of over $400bn AUM. Through an easy-to-use interface, InvestorPortal simplifies the collection, management, analysis and reporting of ESG data for the General Partners, their portfolio companies and their own investors.

InvestorPortal is also enabling these firms to accurately calculate GHG emissions at Fund or Portfolio level. Measuring and tracking the GHG emissions of an investment portfolio enables investors to fully understand GHG impacts, identify climate-change related risks, meet regulatory requirements and calculate indirect (Scope 3) emissions across a value chain.

The Drawdown service provider awards, which include the ‘Technology: ESG’ category, celebrate a wide range of suppliers and vendors that have demonstrated expertise and top-class client services standards in their provision of services and advice to the private equity fund community. Success depends on a mixture of demonstrating customer and revenue growth, as well as detailing how new initiatives, products or services have aided the business and helped clients.

In 2021, Greenstone further enhanced its GHG emissions calculation functionality in InvestorPortal. Through InvestorPortal, firms can send data requests to their portfolio companies who can then calculate and report their own carbon footprints through easy-to-use step-by-step guided data ‘wizards’. For many portfolio companies, these wizards are a significant first-step in their journey to measure and reduce carbon emissions and most are using this data for their internal reporting at board-level and external reports.

InvestorPortal’s multiple dashboards enable users to engage at portfolio, fund and company-level and to identify and compare key ESG metrics and trends. Questions can be mapped to multiple global sustainability reporting frameworks such as CDP, GRI, SASB, SDGs, SFDR, TCFD etc. to streamline reporting.

Winners of The Drawdown Awards will be announced at the awards ceremony in London on 9th June 2022. For more information on the awards, please visit The Drawdown Awards 2022 website.