Get ahead of compliance requirements and measure carbon ROI
It will soon be mandatory for financial institutions to report on their emissions and disclose the uncertainty of their calculations.
It's not possible to measure the cROI or to account for the impact of your green products, without primary data from your portfolio companies or borrowers.
Sumday makes that possible with audit ready accounting software and an education first approach.
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 brining your portfolio along for the journey.
We do things a little differently
Sumday empowers your internal team and your external accountants to do the carbon accounting, properly. We also provide tangible support for you to start replacing averages with actuals by supporting your portfolio companies and customers.
Things you'll love
Training to help your team understand not just the how, but the why of carbon accounting
Collaborate with your accountants or finance teams across the one platform to maintain a source of truth
Tangible support you can pass on to your suppliers, bolstering your ESG strategy with high impact actions you can point to
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 bean counter style questions from the Sumday Accounting Support team as you go.
Catch a preview of the Accounting for Finance 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 team through the Sumday Academy
Pass on training, tools and support to every company you invest in or lend to
Gather the data you need for carbon accounting (we're here to help)
Start carbon accounting and reporting in Sumday
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
Save costs and start carbon accounting internally or with the help of your advisors. Get in touch for pricing.
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.