Carbon accounting has recently emerged as new subdomain of environmental/sustainability accounting. Business carbon accounting refers to a system that uses accounting methods and procedures to collect, record, and analyse climate change–related information and account for and report carbon-related assets, liabilities, expenses, and income to inform the decision-making processes of internal managers and external stakeholders (Tang 2017). The primary purpose of corporate carbon accounting is to assist directors to assess climate related risks and opportunities, and manage carbon emissions for the green transition toward a carbon neutral business model.
Carbon report (also called climate statement) refers to a report that covers GHG emissions, climate related risks and opportunities, corporate carbon reduction strategy, governance and decarbonization targets and performance of a reporting entity. Carbon report is emerging as an indispensable component of an overall corporate financial reporting system for the decision-making of investors and other stakeholders.
Digital transformation has shifted the focus of accounting and finance within a business and at every level with a greater emphasis on process optimisation and handling.
We do not just stop at offering cloud accounting, we offer a host of add-ons and ecosystem solutions that complement cloud accounting — working in tandem to provide seamless integration.