And to which standard or framework? Is there an opportunity for you to help?

How did we go from Accountant and Auditors to working in Climate? 🧐

We're thinking a short 4 week program, with 1 hour video call commitment per week, where we'll share how our team started their careers, discovered our passions, and navigated our way here so far. And of course, we'd be happy to answer any questions and share any tips from our experiences!

Comment and react to let us know if you'd be keen!

When I did the Sumday intro course, I noted that data used for conversion factors comes from multiple different sources. Some comes from overseas, some is a few years old. This is not a criticism – it just depends on whats available. However Im just wondering if anyone has ever had any “push back” from assurance practitioners (or anyone else) about where they got their data from (e.g. “you’ve used data from Europe – this is not relevant for an Australian entity.”)

The GHG Protocol published their Scope 3 Stakeholder Survey Responses recently.

Lindsay and I are starting a new series where we unpack those suggestions and look at what the pros and cons of each are 😊

First up in our series - we're chatting about the often criticised 💸 Spend-Based Calculation methods 💸

Catch the full interview here 🎦

What did you think about these suggestions? Are there any you agree or disagree with?

We're curious to hear what you think! Do let us know!

Stay tuned for Part 2 coming out soon, we'll be delving into what the feedback means for those magic numbers 🪄 Emission Factors 🪄

Following a successful passage through the Senate yesterday, on the 22nd of August, it’s all but guaranteed to pass - meaning Group A companies have 4 months until requirements kick in!

The bill now only awaits approval of the amendment in the House before its royal ascent.

The Australian Accounting Standards Board (AASB) is wrapping up the final touches on climate reporting standards this month as well, while the Australian Auditing and Assurance Board (AUASB) is working on assurance standards expected later this year too.

We've been saying it's coming for businesses in Australia... and it really is happening, soon!

With only 4 months left to go, what are you doing about it? How are you feeling about it?

We've got a few ideas on what might be good to do next week:

✅ Refresh on the context behind this legislation - blog here.

✅ Skim over the actual legislation (or get the highlighters out, go wild)

✅ Get across the jobs to be done for the GHG accounting requirements - start the introduction to carbon accounting course and the assurance course by signing in to the Academy.

Currently the General Ledger Accounts show in random order, which makes it a mental puzzle to figure out which accounts to exclude and which ones to bring transactions in for. I'm wanting to exclude all Revenue accounts, and it's not super easy to compare this to the Trial Balance in Xero. The context to the left is great, do more of this. And possibly have an example.

I'm working on my first few emissions statements with Sumday, and while I am still learning I definitely blew out the budget 😆

In the Sumday 'Pricing Your Services' guide it talks about working with your client to determine the level of accuracy.

Two questions:

How are you approaching those conversations?

How do you practically achieve this using Sumday?

Xero has inbuilt calculators in it's invoices and manual journals that are super helpful. I would love that in the workpapers in Sumday. In this case I am calculating the KMs travelled for multiple staff and would love to enter 1600 x 5 which is the round trip to Christchurch for 5 people.

There's a lot of opportunity on the table to reduce data entry if it asked what locations you are travelling between and number of travellers. Or even, learning from the transaction data to suggest the locations that we can review and enter.

In this scenario, the KM travelled were included in the description field. I'm unable to expand it or see the information and have Xero open to be able to reference and add the information in.

It would be great to be able to see the information in Sumday without having to reference Xero.

It would be great to see the asset name when entering in data in later months of the year. Currently this is not viewable on screen. An added bonus would be some visual cue to show what row you are editing, similar to Google Sheets (see screenshot below with 82 highlighted).

[common advisor user question]

[common user question]

[common user question]

[common user question]

Air New Zealand has announced this week they are dropping their 2030 emissions reduction target, citing delivery delays of fuel-efficient aircraft and high green fuel prices. They are the first airline to revise their emission targets. source

What do you think about Air New Zealand's decision to revise their target?

Vote with your emojis:

• 👍 I support the decision. Realistic and achievable goals are more important.

• 😢 I disagree with the decision. Companies should strive to meet their original commitments.

• 👏 This is a show of leadership.

• 😯 I have mixed feelings. It's understandable but still disappointing.

• 🙏 I need more information to form an opinion.

• ⭐ Companies should focus more on innovative solutions to meet their targets.

Please share your thoughts in the comments too!