NewTech Friday: Pelt8 – Simplifying sustainability reporting
Swiss startup Pelt8 is one of the five winners of the fourth edition of the LHOFT Catapult: Kickstarter program. Its Co-Founder & Chief Commercial Officer, Gwen Jettain, tells us about the company’s solution that supports clients on their sustainability journey.
Swiss startup Pelt8 is one of the five winners of the fourth edition of the LHOFT Catapult: Kickstarter program. Its Co-Founder & Chief Commercial Officer, Gwen Jettain, tells us about the company’s solution that supports clients on their sustainability journey.
What led to the creation of Pelt8?
In 2015, my co-founder Julian went to Kyrgyzstan and Georgia on an internship with a microfinance institution. To determine the credit worthiness of a specific entrepreneur, they had defined a set of non-financial indicators that allowed them to assess the ability and potential to repay to about 95% certainty. This was the first case he saw of non-financial data being used so prominently on a financial case. With the EU regulations on corporate sustainability and sustainable finance progressing, he believed that there would be an opportunity to help businesses bring sustainability related metrics at a comparable level to financial data to drive business decisions.
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