PACE Supports the Pegasus Guidelines with Advanced Sustainability Analytics

Fexco’s PACE welcomes today’s introduction of the Pegasus Guidelines by the Rocky Mountain Institute (RMI) together with the Climate Aligned Finance (CAF) banking group, marking a significant advancement in climate-aligned finance for the aviation sector.

The Pegasus Guidelines mark a pioneering step, designed to help banks independently measure and disclose the emissions intensity and climate alignment of their aviation lending portfolios compared to a 1.5°C scenario to reach net-zero emissions by 2050. This process engaged banks, experts, and members of industry, and provides a common framework to measure and support the decarbonising of the aviation sector and help accelerate the adoption of technology levers such as sustainable aviation fuels (SAF).

PACE’s Role in Facilitating Compliance and Transparency

PACE has been working directly with Banks for the past two year and has been developing the platform to meet the requirements of the Pegasus Guidelines, presenting the framework at Airline Operator, Owner, and Portfolio levels and incorporating actual flight utilisation and load factor data from ICAO (International Civil Organisation Agency). PACE users can see the full lifecycle Well to Wake emissions incorporating both CO2 and GHG equivalent emissions, presented as CO2e WTW. PACE users can analyse these emissions though Revenue Tonne Kilometer (RTK).

This creates a significant opportunity for financiers to enhance reporting completeness and accuracy, as PACE’s research reveals that less than 15% of commercial airline operators published emissions data in 2022, leaving a huge gap of data for Financiers to fill.

“The Pegasus Guidelines provides a very thorough reporting standard, and we are delighted to be announced as a qualified data provider,” said Rob Neale, Chief Product Officer of PACE. “We view this as a significant milestone in addressing the sustainability challenges of the sector. PACE is dedicated to supporting the Pegasus Guidelines with precise analytics and reporting, aiding the sector in aligning with the global shift towards environmental responsibility. This endorsement enables PACE users to conduct in-depth analysis of airline performance, providing a comprehensive overview of sectoral emissions.”

PACE has already established itself as one of the most authoritative voices in the aviation and sustainable finance sector, through innovation and strategic partnerships with key clients such as SMBC Aviation Capital and Aergo Capital, and with leading industry authorities such as Ishka. These strategic partnerships, coupled with the successful completion of the Pegasus Guidelines qualifying process, ensures PACE remains the global benchmark when it comes to supporting customers in addressing aviation’s biggest challenge in mapping its pathway to Net-Zero by 2050.

PACE is Fexco’s Sustainability Platform. Starting in aviation, PACE is broadening its scope to other industries, empowering businesses to make better environmental decisions.                                                                               

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