- Corporate issuers are spending over $675,000 annually on climate-related disclosures
- Institutional investors, on the other hand, spend about $1.4 million to collect, analyze and report climate data
- Correlate Infrastructure Partners Inc. seeks to offer deep financial savings and energy efficiency by reducing site-specific energy consumption and deploying clean energy generation
- Through its offering, it aims to help companies and investors cut down on costs associated with climate-related disclosures while also helping them adhere to the new rules and guidelines
Companies worldwide are facing increasing pressure to provide climate-related disclosures. Regulators have been at the forefront of demanding these releases in a move that seeks to foster accountability and push for a more sustainable and greener planet. Most notably, the United States Securities Exchange Commission (“SEC”) has been on an aggressive push for these disclosures, even unveiling its proposed rules back in March 2022 (https://ibn.fm/hihTE).
It is estimated that corporate issuers are spending over $675,000 annually on climate-related disclosures. In addition, it is estimated that institutional investors are spending close to $1.4 million to collect, analyze and report climate data, which is a hefty sum that can be channeled towards other areas of operation, including, but not limited to renewable energy.
Correlate Infrastructure Partners (OTCQB: CIPI) has proven to offer deep financial savings and energy efficiency across the commercial sector. With an opportunity pipeline of over $100 million in commercial projects and more than $20 million in awarded backlog, this company seeks to leverage the U.S. portfolio energy optimization market, which is currently valued at $290 billion.
In a study conducted by the SustainAbility Institute by ERM, it was discovered that corporate issuers spend over $677,000 every year on climate-related disclosure activities. Greenhouse gas (“GHG”) analysis accounted for the highest expenditure at $237,000 on average, while climate scenario analysis accounted for $154,000. In addition, climate risk management control costs $148,000 on average, which, in total, was not far off from the SEC’s estimates which stood at $640,000.
The study, which involved 39 corporate issuers across multiple U.S. sectors, with a market cap range of under $1 billion to over $200 billion, along with 35 institutional investors representing a total of $7.2 trillion of assets under management (“AUM”) was aimed at highlighting the costs incurred by enterprises in the quest for environmental accountability.
“This survey shows that both companies and investors recognize the benefits of disclosing their climate-related activities,” noted Mark Lee, the Director of SustainAbility Institute by ERM.
“It also offers a rare glimpse into issuer and investors’ current investments in measurement, analysis, and disclosure of climate-related information, which will be a valuable resource for organizations considering their response to the proposed SEC rules,” he added.
With this push by the SEC, companies and investors are being urged to adopt greener energy alternatives and lower their overall carbon footprint. Correlate Infrastructure Partners is well-positioned to satisfy this growing need. With its unique value proposition, companies are bound to reap the benefits of its infrastructure, ranging from cost savings to lower carbon emissions and meeting the changing regulations being implemented with every passing day.
For more information, visit the company’s website at www.CorrelateInfra.com, including the following:
- Breaking Down Barriers To Your ESG Goals While Generating Additional Net Operating Income: www.CorrelateInfra.com/our-process
- Platform Generates New Rent And Operating Income, Allowing You To Meet Your ESG Goals: www.CorrelateInfra.com/program
NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI
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