Carbon Accounting has arrived in Australia. New regulation for big businesses to report Greenhouse Gas (GHG) emissions as part of the Environmental, Social, and Governance (ESG) has their SME suppliers scrambling to also report their emissions or risk losing clients.
Viridity defines the standard in good guidance to provide carbon reporting solutions that not only manage your exposure to losing revenue, but also generate new business opportunities.
Our clients are Australian SMEs that are preparing themselves now to report their emissions to any client demanding carbon reporting, putting them on the front foot in what is going to become a “licence to operate” within a very short space of time. Our clients are protecting their business profitability and leveraging new ways of working to increase market share.
Viridity, alongside our priority technology provider, can help you understand your responsibilities and set you up to meet your and your clients’ carbon accounting needs and keep your business going strong.
Benefits of Viridity’s Carbon Accounting Services
Carbon accounting and ESG responsibilities explained
Viridity removes the confusion around the new way of operating and tracking and reporting on those operations.
‘Scope 3 emissions’ identified and tracked
Understand and apply what is needed to monitor and track carbon emissions to meet regulations and client needs.
Carbon reporting software integrated into accounting systems
Harness innovative technology designed to integrate easily into existing accounting software for accurate emissions tracking.
Training to track and report your figures accurately
Viridity gives you confidence to use new technology effectively so your clients trust your reports are accurate.
Support to lift ESG standards lifted and promote your capability
Carbon accounting is one change needed within a broader shift in business sentiment to ethical operations. Viridity can help you chart a course to position your business as leaders.
Manage your carbon accounting reporting
Viridity can take charge of your carbon accounting and bookkeeping to meet the higher standards of accuracy needed with this type of reporting.
Frequently Asked Questions
ESG stands for Environmental, Social, and Governance and encompasses a set of criteria used to evaluate a company’s ethical and sustainability practices. Environmental factors assess the company’s impact on the planet, social factors examine its relationships with stakeholders, and governance factors evaluate its management and accountability structures.
It’s not just about numbers and policies. The components of ESG can offer many business benefits to small and large businesses. Directly publicising your commitment to sustainability can lead to an enhanced brand reputation, improved stakeholder relations, and greater customer loyalty.
Navigating the evolving landscape of Carbon Reporting and ESG (Environmental, Social, and Governance) compliance can seem overwhelming, but you don’t have to tackle it alone. Our team is well-versed in the Principles of Carbon Accounting and ESG and is here to support you every step of the way. We offer diverse tools and resources to get you on track. Ask us how.
Scope 1, Scope 2, and Scope 3 emissions represent different categories of greenhouse gas emissions that organisations track to assess their environmental impact. Scope 1 emissions are direct emissions from company-owned sources, Scope 2 includes indirect emissions from purchased energy, and Scope 3 covers all other indirect emissions along the supply chain, including suppliers, transportation, and product use.