Can I use CYF if measuring equity investments only?

 Yes, CYF can be used for measuring equity investments. If you have access to data from the investee organisation, you can enter it into the platform under a designated facility. The emissions are then integrated into your overall carbon report, allowing you to see a breakdown of emissions by facility. If you have financed emissions data from other sources, you can also enter these figures directly into CYF under the Financed Emissions category.

No software out there can currently measure financed emissions - hence the need for consultancy support. These emissions include each underlying asset including equity, fixed income, various corporate loans with known purchases, and now cash and sovereigns have a methodology. These are calculated according to PCAF methodology and are complex. We would work out the emissions of the underlying asset, and then allocate their proportion based on a ratio (which is either market capitalisation or EVIC - EVIC is preferred). If you already have the tCO2e for financed emissions (for example pension providers usually offer this information), then you can enter this figure into CYF under the Financed Emissions category. 

So, there are two ways of exposing financed emissions, one is using Category 15 and adding in tCO2e from the output of consultancy work, and the other uses a different consolidation approach (equity share) and scatters the underlying assets' emissions across the whole inventory.