Finativ and STH Consulting to deliver Scope 3 emissions reporting

Finativ, a provider of advisory services for finance firms, and STH Consulting, a specialist provider of asset emissions data for finance companies, have announced a strategic partnership to deliver a market-leading solution for finance companies seeking to measure, analyse and manage the level of emissions generated by the vehicles and equipment they finance.

Finance companies face growing pressure from regulators, shareholders and capital providers to report and manage Scope 3 emission levels, while sustainability issues continue to grow in importance for customers – a recent survey by Novuna Business Finance showed that 88% of SMEs place greater importance on sustainability matters than a year ago, including cleaner forms of transport and energy production.

The challenge for finance providers has been that until now, comprehensive emissions data has not been available across the whole of the company’s diverse lending portfolio, and Scope 3 reporting (incorporating the emissions involved in production) has not been possible.

Leveraging extensive research and development, Finativ and STH Consulting are now able to provide lenders with a full solution, reporting at an asset and portfolio level, to satisfy regulatory reporting, Net Zero strategy development and the needs of individual customers.

This latest initiative builds on Finativ’s growing sustainability financing proposition, which features renewable energy asset finance strategy, implementation and support services, guiding firms through the ISO 32210 sustainable finance management framework, access to specialist insurance services and now, emissions reporting and reduction strategies.

“The market remains under-served – finance companies engaging early can gain a knowledge-based competitive advantage that will be hard to replicate. We’re delighted to be working with STH Consulting to bring such a comprehensive emissions reporting solution to the market”.

STH Consulting are led by Petr Thiel who is an internationally recognised expert on asset-related data and a leading member of the Leaseurope Taskforce on ESG & Green Leasing Taxonomy.