Previously, we explored specialized software platforms for sustainability accounting. This question however, is not limited to specialized tool. Some companies might be using other systems too or may not yet have software in place. Using existing enterprise resource planning (ERP) software such as SAP, Odoo, Enablon and even Excel often…
Blog
Decarbonization and sustainability: SMEs tackle the transition
In an era where climate urgency meets business resilience, small and medium-sized enterprises (SMEs) are increasingly finding themselves at the frontlines of change. It is therefore important for Swiss SMEs to collaborate with economic and sectoral partners throughout Switzerland to navigate this multifaceted journey toward sustainability and decarbonization. The benefits…
Blog
A comprehensive review of sustainability accounting platforms Part 1
Carbon accounting can be a daunting task, especially when it comes to Scope 2 and Scope 3 emissions. Sustainability accounting software solves the challenge of accurately tracking, managing, and reducing an organization’s environmental impact, particularly carbon emissions and resource consumption. It simplifies compliance with complex sustainability regulations, reduces inefficiencies, identifies…
Blog
Europe Relaxes Rules on Company Climate Reports
Officials are seeking to boost competitiveness and reduce the regulatory burden on businesses. The European Commission has adopted new proposals that will cut red tape and simplify EU rules for citizens and business. In the recent Competitiveness Compass, the Commission set out its vision to make the EU’s economy more…
Blog
Understanding Scope 3 Emissions
Scope 3 emissions are the indirect greenhouse gas (GHG) emissions that occur in an organization’s value chain, both upstream and downstream of its operations (archived here). These emissions are not directly produced by the company itself, nor are they the result of the energy it purchases (which are Scope 2…
Blog
Understanding Scope 2 Emissions
Scope 2 emissions are the indirect greenhouse gas (GHG) emissions from the consumption of purchased energy (archived here). These emissions occur at the facility where the electricity or heating is produced, not at the point of use. However, they are attributed to the organization that consumes the energy because the…
Blog
Scope 1
Scope 1 emissions include greenhouse gas emissions (GHG) that originate directly from sources owned or controlled by an organization (archived here). These emissions are a crucial part of emissions accounting as they represent a company’s immediate and direct impact on the environment. Definition and Examples Scope 1 emissions encompass all…
Blog
Legal Background for Climate Reporting in Switzerland
On January 1, 2024, the Climate Reporting Ordinance came into force. The Climate Reporting Ordinance is based on the indirect counterproposal to the Responsible Business Initiative (RBI) and provides large Swiss publicly traded companies, banks, and insurance companies with guidance and clarity on the information they must include in their…