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Projects
To illustrate our broad expertise, covering many different economic sectors, commodities, sustainability themes and countries, this page gives an overview of the different projects executed by Profundo over the years. In the menu, you can filter the projects by thematic area. Each project is described briefly and where available the project portfolio - such as reports, brochures or presentations - is provided. Attention is also given to the exposure generated by the project in the media, in politics and elsewhere.
We analyse the financial parameters of companies and assess how companies and their financiers could be affected in different scenarios by Environmental, Social and Governance (ESG) risks related to deforestation, climate change emissions, human rights abuses, resource depletion, health impacts and other sustainability issues.
We analyse the various human rights and other sustainability risks in international commodity supply chains and identify what different stakeholders can do to foster sustainable development of value chains in agriculture, forestry, livestock, energy, fisheries and mineral sectors.
We analyse how companies are financed by banks, shareholders and others financiers, to assess what financiers could do to foster sustainable corporate practices. Also, we dig into ownership structures and the schemes companies have set up to minimise tax payments.
We assess and benchmark responsible investment and credit policies of banks and investors and we advise on how policies can be improved and implemented through screening, voting, engagement and exclusion strategies.
June 2024
June 14, 2024
Climate emissions by Bitcoin mining companies and their financiers
For Greenpeace USA we developed an innovative approach for estimating the energy consumption and carbon emissions from 20 listed Bitcoin mining companies, using electricity grid emissions data and analytical support from nonprofit WattTime. We found that, in 2022, the 20 companies emitted as much carbon to the atmosphere as two coal power plants in a year, over 7.8 million metric tons CO2.
Further, we calculated the financed and facilitated carbon emissions attributed to lending, shareholding, bondholding, and underwriting for Bitcoin miners from financial services companies. We identified American investors Trinity Capital, Stone Ridge Holdings, BlackRock, Vanguard, and MassMutual as the top five financiers, accounting for over 1.7 million metric tons CO2 in 2022—equal to the emissions from over 335,000 American homes using electricity for a year
