EIP is Now SOC 2 Type II Compliant to Better Serve Our Customers

EIP shows dedication to process integrity, data security, and the protection of client information.  

Energy Infrastructure Partners (EIP) proudly announces its successful completion of the Service Organization Control (SOC) 2 audit to achieve its Type II compliance report. This significant achievement underscores EIP's unwavering dedication to process integrity, data security, and the protection of client information.  

The SOC 2 framework, governed by the American Institute of Certified Public Accountants (AICPA), sets rigorous standards for organizational controls and processes. EIP underwent a comprehensive evaluation by Advantage Partners, an independent service auditor renowned for assisting emerging technology companies in achieving seamless SOC 2 attestations. The audit meticulously assessed EIP's policies, procedures, and operational effectiveness, confirming the company's adherence to the highest data security standards.  

"Achieving SOC 2 compliance is a testament to our proactive approach in implementing robust security controls," said Renwick Paige, CEO at EIP. "Given that EIP has doubled the size of its workforce in the past 12 months, it was imperative to establish SOC 2 compliance to protect data and mitigate potential security risks."  

This accomplishment not only demonstrates EIP's commitment to data security but also provides assurance to clients, stakeholders, and partners regarding the company's dedication to maintaining the confidentiality and integrity of sensitive information.  

Why Pursue SOC 2 and Why Now 

SOC 2 compliance exemplifies an organization’s commitment to their customer’s trust and is a major milestone towards improving their overall security posture. With increasing cybersecurity threats and data breaches, it is paramount that organizations prioritize information security and the protection of their systems and data. By undergoing a SOC 2 audit, our controls and processes were validated by a third party who attests to the functioning of the controls relevant to our application.  

EIP’s Journey to SOC 2 Compliance 

Our Compliance Partners   

Vanta  

We partnered with Vanta, the leader in the Trust Management space, to help us automate the collection of our audit evidence. Vanta provides us with the strongest security foundation to protect our customer data. 

Advantage Partners  

Our audit firm, Advantage Partners, was extremely helpful in creating a seamless audit experience. With their guidance and support, we were able to achieve SOC 2 compliance in a swift, efficient manner.  

Our Process  

While SOC 2 can be a big undertaking, our compliance partners streamlined the process. We leveraged Vanta to integrate our key systems and guide us in implementing policies and procedures to quickly become audit-ready. Vanta gave us the direction we needed to pursue our compliance journey.  

The Timeline  

One key takeaway is understanding that improving our security posture and achieving compliance is a monumental task. This can be made easier with the right compliance partners but it will take dedicated focus and time from your organization. The readiness period can take the most time but we were able to make compliance a priority to get audit-ready in a matter of weeks versus months.  

Lessons we learned  

1. Focus on improving security posture, not checking boxes 
   1. Security is a continuous project that should be prioritized in an organization.  
2. Improving security and achieving compliance can help scale your business  
   1. Vendor security reviews are highly requested in sales cycles and SOC 2 can help unblock that business.  
3. Knowing your stakeholders in the compliance process  
   1. Deciding which internal stakeholders are needed for policies, procedures, and engineering tasks.  
   2. Your entire organization will be involved in improving security and adhering to procedures.  
4. The right partners are key 
   1. Finding a tool to guide you through the process. 
   2. Partnering with an audit firm that is dedicated to your success.  

About Energy Infrastructure Partners (EIP)   

EIP is a national diversity firm with extensive experience in strategic energy management. With engineering and technical expertise in energy efficiency and sustainability, EIP serves utilities, the public sector, and green energy project lenders across the United States. Committed to environmental justice and workforce diversity, EIP leverages its national capabilities from its four service hubs of New York City, Chicago, Los Angeles, and Portland, while being deeply embedded in those local communities. For more information, visit https://energyinfrapartners.com or contact us at https://energyinfrapartners.com/contact.