CHICAGO and NEW YORK (February 15, 2022) – Sphera®, a leading global provider of Environmental, Social and Governance (ESG) performance and risk management software, data and consulting services, today announced its carbon accounting solutions will contribute to Blackstone’s (NYSE: BX) Emissions Reduction Program.
With stakes in more than 250 companies and 10,000 real estate assets, Blackstone strives to create value for its investors and the communities where it operates by supporting ESG integration initiatives across its portfolio. Sphera joins a platform of companies, tools and resources available to Blackstone portfolio companies to support their carbon reduction goals—and this partnership enhances their ability to measure progress against decarbonization efforts and to strategically manage greenhouse gas (GHG) emissions.
“Blackstone has demonstrated a commitment to being a leader in ESG integration, engagement and reporting within the private equity industry,” said Paul Marushka, Sphera’s CEO and president. “We’re honored that the firm has brought us on as a partner to support its carbon footprinting initiatives and look forward to working with a number of its portfolio companies to establish robust monitoring and reporting frameworks for GHG emissions.”
“We are in a unique position at Blackstone to support the sustainability efforts of companies across sectors and geographies given our large, global portfolio—and sophisticated measurement tools are at the core of impactful decarbonization efforts,” said James Mandel, Chief Sustainability Officer at Blackstone. “We believe Sphera’s deep technical rigor on GHG inventories will be tremendously valuable in our ESG risk mitigation efforts, and are thrilled to integrate its software suite, consulting services and data into the platform of resources available to our portfolio companies.”
Spanning over 80 countries with more than 3,000 customers, Sphera supports businesses globally to manage and mitigate ESG risk through its software as a service solution (SaaS) and consulting services. Sphera’s innovative software, information and expert-driven insights empower organizations to protect their people, assets and communities.
Sphera is the leading provider of Environmental, Social and Governance (ESG) performance and risk management software, data and consulting services focusing on Environment, Health, Safety & Sustainability (EHS&S), Operational Risk Management and Product Stewardship. Learn more about Sphera at www.sphera.com. Follow Sphera on LinkedIn.
Blackstone is the world’s largest alternative investment firm. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $881 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
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