Sumday makes GHG accounting affordable for your portfolio companies
Save your internal time and resources.
Provide access to best in class education, support and software with Sumday.
Empower your portfolio to make GHG accounting part of business as usual without the fuss and expense.
Access to online courses to upskill their internal finance team or external accountants in GHG accounting to global standards
Improve the quality of your own scope 3 reporting
Credibly track progress towards net-zero and unlock emission related lending criteria
Get ready for compliance with global standards
Get ahead of compliance requirements
Many financial institutions must report on their emissions and disclose the uncertainty of their calculations from 2024/2025.
It's not possible to credibly measure carbon return on investment
without primary data from your portfolio companies or customers.
Exercise best practice with Sumday by passing on education and support to every company.
Add value to your borrowers and portfolio companies
Pass on free access to Sumday's training, software and accounting support, to every company you lend to, or invest in. Improve the quality of your data, while bringing your portfolio along for the journey.
We do things a little differently
Sumday empowers companies to upskill and make GHG accounting an extension of normal accounting and reporting. Our education and support is a fraction of the cost of other enterprise GHG accounting platforms.
Things you'll love
Teach your customers and portfolio companies how to fish, we focus on education rather than forms asking for data they may not have
Accessible and affordable for all companies - it has to be for GHG accounting to become high quality and standard practice
Save internal resources and make the Sumday accounting support help desk available to your customers and portfolio companies
Meet stakeholder expectations
Account for and report on carbon emissions, including financed emissions
Produce audit ready reporting from the outset, and lead by example
View dashboards to visualise where you stand
Forecast your carbon return on investment with reliable data over time
An education first approach
Let Sumday train your team with industry-leading courses.
Up-skill your team on how to practically start carbon accounting for financed emissions, in line with global standards. Get answers to your questions from the Sumday Accounting Support team as you go.
Catch a preview of the Accounting for Financed Emissions course below.
Want to know how Sumday thinks about the future of financed emissions?
"Investors want to unlock sustainable investment and account for impact, without an accusation of greenwashing. However, the current approach to calculating financed emissions is grossly inadequate for banks and investors to make informed decisions. They cannot truly track their progress towards net zero or offer sustainability linked finance with confidence that targets have been met by customers and portfolio companies."
How it works
Subscribe to Sumday
Train the internal team through the Sumday Academy
Pass on training, tools and support to every company you invest in or lend to
Sumday supports your portfolio companies to report year on year
Sumday distributes the emission data to you on completion, track progress
A few myths worth busting
The ISSB standards state that financial institutions will need to account for scope 3 emissions in line with the GHG Protocol from 2025, these are their words: IFSR 2, section B59 Paragraph 29 (a)(i)(3) requires an entity to disclose its absolute gross Scope 3 Greenhouse gas emissions generated during the reporting period, including upstream and downstream emissions. An entity that participates in one or more of the following financial activities is required to disclose additional and specific information about its Category 15 emissions or those emissions associated with its investments which is also known as ‘financed emissions’: (a) asset management (see paragraph B61); (b) commercial banking (see paragraph B62); and(c) insurance (see paragraph B63).
For banks and investors, the majority of emissions come from the companies you lend to or invest in. Without actual data from those companies, it is impossible to accurately account for emissions. Failing to account for these emissions often means reporting on less than 10% of the actual carbon footprint, which needs to be clearly disclosed. While asking companies to report their carbon emissions was once a unique request, it has become increasingly common worldwide. It’s irrelevant as to whether those companies have a legal obligation to provide the data, you can still ask and offer support. With Sumday, you can add value by supporting your customers and portfolio companies to start carbon accounting, benefiting both them and your institution.
Pricing for banks and investors
Pricing is based on the number of companies you would like to make Sumday available to and the period (remember, Sumday is affordable for your customers and portcos to keep going after you provide a head start).
Here to help
Whether it’s product or accounting support, we have a dedicated team to guide you through the process. We’re here when you need us.
