Beyond Compliance: Carbon Accounting for Sustainable Success

Beyond Compliance: Carbon Accounting for Sustainable Success

In a world increasingly attuned to environmental concerns, understanding and managing your business’s carbon footprint is not just a regulatory hurdle, but a strategic advantage.

This is where carbon accounting steps in. As your ultimate green GPS, carbon accounting quantifies the climate impact of your operations, revealing the invisible footprint your business leaves.

Your Transparent Path to Sustainability

At its core, carbon accounting is about understanding the environmental impact of your business. But its significance extends far beyond mere calculation. It serves as a powerful tool to:

  • Report and Share Progress: Customers, investors, and employees are increasingly drawn to responsible brands. A PwC report highlights that consumers and employees prefer businesses that invest in sustainable improvements. Share your carbon journey transparently to build trust and gain a competitive edge.
  • Reduce, Reuse, Reap the Rewards: By gaining visibility over your organization’s activities and supply chain, carbon accounting helps identify inefficiencies and hotspots of GHG emissions, highlighting areas of cost savings and operational improvements.
  • Stand Out From the Crowd: Carbon accounting offers an opportunity to create business value. It’s a tool for businesses to stand out, innovate, and identify new market opportunities in a future low-carbon economy.
  • Future-Proof Your Success: Climate risks like extreme weather and rising emissions threaten profitability. Carbon accounting helps navigate these challenges and unlock new low-carbon business opportunities that can be worth trillions, according to a CDP report.
Mandatory Climate Disclosures

Stay Ahead of the Curve

The Australian Treasury has signalled that mandatory climate disclosures, aligned with International Financial Reporting Standards S2, will be phased in for Australian entities from the 2024-2025 financial year.

Once fully phased in, directors will be liable for the accuracy of the figures in the same way they are currently liable for the accuracy of other financial reporting.

Evalue8: Your Carbon Accounting Ally

Confused and overwhelmed by the complexities of carbon accounting? Relax, Evalue8 is here to help. Tailored specifically for small to medium-sized enterprises, Evalue8’s software provides:

  • Effortless Data Entry: Link your accounting software and answer a few questions – that’s all it takes
  • Real-Time Results: Track your emissions progress as easily as you monitor your finances.
  • Savings Spotlight: Identify energy-saving opportunities and watch your costs shrink.
  • Benchmarking: Compare your performance with similar businesses and set attainable goals.
  • Actionable Insights: Get a clear roadmap to reduce your carbon footprint, with business cases and actionable recommendations.

Measurement is the first step to improvement.

As Dr. H.J. Harrington said, “If you can’t measure something, you can’t understand it. If you can’t understand it, you can’t control it. If you can’t control it, you can’t improve it.”

Ready to unlock the power of carbon accounting? 

Reach out to us today and we’ll help guide you through every step of the way.

Source: Tailored Accounts

Read More

Christmas may be a time of giving but be careful not to gift too much lest you accidentally step into a Fringe Benefits Tax trap!

From what records to keep to the difference between “Entertainment” and “Gift”, ask the right questions early on to save yourself a tax headache in the new year.

 

In the age of today, a single disruption to our phones and internet connections can have far-reaching consequences beyond just one or two missed calls.

The recent Optus outageleft many Optus customers feeling frustrated and concerned. So, what’s next for affected customers? Let’s explore the options available for seeking compensation and, if you’re still unsatisfied, how you might be able to end your contract with Optus early.

In today’s digital age, scammers are becoming increasingly sophisticated, crafting schemes that are ever more convincing. 

The latest Targeting Scams report by the Australian Competition & Consumer Commission has revealed Australians lost a record $3.1 billion to scams in 2022.

Think you’ve got what it takes to avoid a scam? Take our quiz and find out!

Be the first to access articles like these and more by subscribing to our newsletter.

Tailored Accounts © All rights reserved.