Together with financial information, non-financial metrics should be part of the decision making process to understand the relationship between accounting and environmental issues. Based on a detailed understanding of the processes at a fine granularity (from solution above "Screen the impacts on the entire value chain"), the following tools are methods for assessing the externalities that sustainability accounting is expected to integrate:
Life Cycle Assessment (LCA) - measures the environmental impact of a product or service from start to finish, covering all stages of a life cycle. Carbon footprint could be an example. The Life Cycle Initiative provides insight into LCA assessment tools and methodologies. The principles and framework for LCA are described in ISO 14040 and the requirements themselves are set out in ISO 14044.
Social Return on Investment (SRoI) - to assess the range of impacts of an investment. It differs from other methods in that it allows the societal value of an investment to be calculated beyond the financial return. It helps to identify the different types of social, environmental and economic outcomes that an activity has. Example: NGOs and non-profit organisations use SRoI to effectively measure their activities and their impact on creating value in society.
Internal carbon pricing - an internal carbon pricing system identifies the process in which emissions are produced and puts an internal shadow price on them. You can browse our website on carbon footprint management.
Living wage - When outsourcing to a low-income country, a living wage should be incorporated to reflect the real cost of the product. It is a standardised cost that includes the actual cost of labour paid in the foreign country, increased by a wage differential based on the domestic market. More details on the Living Wage Accounting Model (Shift, 2023).
126th / 142 countries
is Singapore's rank in terms of carbon emissions per $GDP
(NCCS)
over 80%
of the world's wastewater is discharged untreated into biodiversity-rich freshwater and into coastal ecosystems
(World Economic Forum)
Article:
World Business Council for Sustainable Development - 'Navigating internal carbon pricing to drive decision-making and emissions reduction: three strategies for effective implementation'
Asuene - Asuzero is a comprehensive platform for enterprises aiming to achieve net-zero and combat the global climate crisis. Our unique value proposition lies in offering a one-stop solution that educates and guides customers on their decarbonization journey. We provide bespoke consulting services to help organisations understand their carbon footprint and greenhouse gas (GHG) emissions across all three scopes.
By addressing Scope 3 emissions, we assist customers in engaging with their vendors and conducting assessments to accurately calculate and offset their emissions.
Furthermore, our platform offers Life Cycle Assessment (LCA) and Supply Chain functions to help manage sustainability performance and track progress towards sustainability goals.
As a certified provider by CDP and TCFD, we are authorised to issue sustainability ratings for companies and products, highlighting their level of sustainability performance. Asuzero enables enterprises to take decisive action, drive momentum, and work towards a sustainable, low-carbon future.
SustainableSG was started in September 2018 to accompany companies, non-profit entities and government agencies to review and implement effective and sustainable corporate strategies. Our services include:
Sustainao supports companies in their sustainability journey by building an impactful strategy, embedding sustainable practices across operations, and reporting performance to stakeholders.
Our sustainability consulting services are designed in a continuous improvement process:
At Tulyā, we are accredited sustainability consultants holding certifications in GRI, SASB and TCFD (now IFRS-ISSB), and ISO 14064 GHG Lead Verifiers, alongside being Singapore Certified Management Consultants. We are dedicated to driving sustainable business development across industries through Sustainable Management Accounting.
We help MNCs with:
We help SMEs with:
Walk The Talk is a boutique consultancy working with businesses, financial institutions (agnostic of sector and size) and multi-stakeholder organisations to deploy circular business models, create and manage impact and contribute to a regenerative economy.
We support organisations across the sustainability, impact and climate action lifecycle from ideation to execution and offer services related to: ESG & Financial Advisory, Impact and Value Creation, Monitoring, Evaluation & Reporting, and Systems Convening.
We are a decarbonization software focussing on automating the emission measurement of Scope3 emissions, specialising in Asia Pacific supply chains.
