Closed Loop Partners: Advancing Sustainability through Carbon Accounting

Closed Loop Partners is a New York-based company that invests, innovates, and operates to advance the circular economy. The company is comprised of three key business segments: an investment firm, innovation center, and operating group. Since its founding, the company has been committed to driving systems change through every investment it makes. The impact outcomes of Closed Loop Partners are driven forward by the business models of its portfolio companies. The company is motivated by its investors to move forward with stronger reporting and disclosures, and it aims to capture robust data and KPIs that measure emissions that have been and could be avoided as a result of its investments.

Closed Loop Partners, a New York-based company, is committed to advancing the circular economy through its three key business segments: an investment firm, innovation center, and operating group. The company has always been focused on impact measurement and management, but it has been continuously evolving its methodologies and processes. The company aims to drive systems change through every investment it makes, and its impact outcomes are driven by the business models of its portfolio companies. However, the company faced a challenge in capturing robust data and Key Performance Indicators (KPIs) that measure emissions that have been and could be avoided as a result of its investments. The company also wanted to broaden its impact metrics to include all emissions, both produced and avoided, to fully understand its carbon footprint and identify opportunities for improvement.

To address this challenge, Closed Loop Partners decided to start measuring and reducing its carbon footprint. The company issued requests for proposals to 20 carbon providers and asked its portfolio companies to vote on their optimal choice. After evaluating each based on the reach and expertise of the company and the effectiveness and fit of their product, the portfolio companies selected Greenly. Greenly was chosen not only for its extensive client base and knowledge of various industries, but also for its user-friendly interface and approach to client support. Greenly offers to measure emissions not only within the three standard scopes but also includes scope four, which stood out to Closed Loop Partners. This solution allows Closed Loop Partners to track the full scope of its carbon footprint and move forward with stronger reporting and disclosures.

• The partnership with Greenly has allowed Closed Loop Partners to measure and manage its carbon footprint more effectively, which is a critical step in making a meaningful impact on climate change. The company now has a better understanding of both the emissions it has produced and those it has avoided, which provides a more comprehensive view of its carbon footprint. This has enabled the company to identify opportunities for improvement and drive systems change more effectively. Furthermore, the user-friendly interface and client support offered by Greenly have made the process of carbon accounting easier and more efficient for Closed Loop Partners. The company believes that carbon accounting will continue to be a key solution for those seeking to establish greater transparency in the future.