Xero and Sumday Team Up on Climate Reporting for Small Businesses
Partnership reduces the administrative burden on small companies.
They can focus more on their core operations and achieve sustainability goals.
Xero, a New Zealand-based cloud-based accounting software provider for businesses, has joined forces with Sumday to equip small firms with carbon accounting tools and help them achieve their climate goals.
The partnership comes at a time when larger organisations and governments demand more transparency in emission data, and it aims to help businesses, particularly small ones, track and report their carbon emissions easily to comply with evolving regulations.
Through the collaboration, Xero's customers have free access to Sumday's carbon accounting tools for a year to help them measure their environmental impact and take steps toward sustainability. Also, financial data from Xero is linked directly into Sumday to make carbon accounting more efficient and simpler.
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Xero GM of sustainability and impact Tamara Somers said: “We know small businesses have a lot on their plate, and tackling emissions reporting can seem overwhelming at first, but rather than seeing it as a burden, we encourage small businesses to see it as an opportunity to discover new efficiencies and appeal to environmentally conscious customers.
“It could be the difference between winning or losing a contract. Our partnership with Sumday puts powerful tools in the hands of small businesses so they feel prepared and able to drive towards a more sustainable future.”
This will also benefit accountants and bookkeepers, letting them provide improved, high-quality services to their clients. By having access to supply chain management tools, businesses can share their emissions data with larger clients and request information from suppliers, making compliance with mandatory reporting much easier.
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Sumday CEO and co-founder Jessica Richmond commented: “By making carbon accounting as routine and accessible as financial accounting, we're empowering small businesses to account for their impact beyond dollars and cents. Having been a small business owner myself, I understand the challenges these businesses face in making time to get across a new area.
“Our tools are making it easy for small businesses to understand their impact at a high level, before going deeper and helping improve the quality of their carbon accounting. Sometimes small businesses just need help and we have always believed that accountants would play a key role in that.
"Through this partnership with Xero, we're putting powerful carbon accounting tools in the hands of those who understand the business and want to deliver auditable accounting that generates meaningful insights as well.”
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Source: Xero
