Banyan Infrastructure Cuts Reporting Down to One Click
New reporting feature will save green banks and community lenders time and money on compliance reporting
The Greenhouse Gas Reduction Fund (GGRF) is set to have a transformative impact on America’s sustainable infrastructure market, reducing climate pollution and promoting a cleaner future for communities across the United States. However, participating in the GGRF requires compliance with complex federal reporting requirements that could impede green banks and community lenders from fully seizing this historic opportunity. Banyan Infrastructure is removing this roadblock with a new one-click reporting feature that allows lenders to submit comprehensive reports to the Environmental Protection Agency (EPA) in seconds.
As a leader in project finance software, Banyan Infrastructure has been streamlining the industry’s origination, compliance, and reporting for sustainable infrastructure since its founding in 2018. The GGRF’s arrival brought new opportunities to innovate on Banyan’s industry-leading software and collaborate with stakeholders within the project finance ecosystem. The EPA estimates GGRF recipients could spend anywhere from $1.6 million to $10.8 million annually in reporting costs. After much anticipation, the EPA has now released the specific reporting requirements, detailing up to 234 data points that must be tracked across all projects on a quarterly, biannual, or annual basis. The projected number of hours required to report on GGRF projects ranged from just under 15,000 to more than 200,000 hours annually. As high as these figures are, several recipient organizations have since argued that the true burden of accurate GGRF reporting is actually much higher.
Without streamlined reporting, this monumental program faces roadblocks to effectively monitoring and measuring its success. Technology is the only way to significantly reduce this administrative burden and allow for an efficient way to collect, track, and report project finance data to the EPA, which is where Banyan Infrastructure comes in.
NEW! Banyan Infrastructure’s One-Click Reporting
Banyan Infrastructure's new One-Click Reporting will simplify the reporting process by automatically gathering and compiling the necessary data to ensure program compliance. Our platform seamlessly integrates with existing software, like accounting and SCADA systems, to automate data collection, eliminating manual data entry and reducing the risk of errors. With Banyan Infrastructure, all project data can be stored and managed in one secure, easy-to-access solution that allows you to monitor your project's performance and emissions reductions in real-time. The Banyan Infrastructure software also will generate reports that meet the EPA requirements, saving you valuable time and ensuring accuracy.
Banyan Infrastructure allows lenders to operate more efficiently and financiers can focus more on driving project goals forward and less on the complexities of compliance reporting. You can also mitigate compliance risk by ensuring accurate reporting, thereby avoiding penalties and project delays. With less time spent gathering and submitting data to the EPA, you can focus on reducing emissions and showcasing the positive impact of your projects.
The GGRF presents a unique opportunity to accelerate America’s transition to a clean energy future. Banyan Infrastructure's One-Click Reporting empowers you to take control of what matters most — driving your project forward — while we handle the complexities of compliance reporting.
Contact us today for a demo of how Banyan Infrastructure can streamline your organization’s green lending.