Zeroboard to launch "Consolidated Carbon Accounting Function" for group management companies, supporting third-party verification, from July 16th
- Enabling efficient data collection within corporate groups while ensuring governance -
Zeroboard Inc.(Minato-ku, Tokyo; CEO: Michitaka Tokeiji ; hereinafter referred to as "the Company"), which supports corporate sustainability management, began offering a "Consolidated Carbon Accounting Function" on July 16, 2024, which enables efficient account authorization Settings , unification of calculation rules, and data collection for GHG (greenhouse gas) emission amount within corporate groups.
This function enables user companies to exchange data while ensuring uniformity and transparency of rules such as Emission factor within the group, and allows them to manage GHG emission amount and environmental indicators for the entire group with governance guaranteed. This not only eliminates dependency on individuals and improves operational efficiency, but also improves data accuracy, making it possible to support third-party verification.
Background and purpose of providing the "Consolidated Carbon Accounting Function"
The framework for sustainability information disclosure recommended to companies has shifted from the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) to the standards proposed by the International Sustainability Standards Board (ISSB), which are being adopted as regulations and legal frameworks in various regions. In Japan, too, there is a trend toward making it mandatory for companies, primarily those listed on the prime stock exchange, to calculate and disclose GHG emission amount on a global consolidated basis in their securities reports, and to obtain third-party assurance for that data. When calculating GHG emission amount on a consolidated basis, data must be collected from group companies based on rules set by the parent company, and the accuracy of the data must be guaranteed when undergoing third-party verification.
What the "Consolidated Carbon Accounting Function" can do
- The parent company can deploy to each company a designated format that conforms to the rules used within the group .<br />The parent company can deploy to group companies (subsidiary and sub-subsidiary Company) a designated format for collecting data that conforms to pre-determined rules, such as Emission factor and classification of environmental indicator items (water resources, waste, etc.).
- The parent company collects and manages the input data of each company in the group in one place. <br />By having group companies (child and sub-child Company) input data into a specified format, the parent company can collect and manage the data in one place.
- Workflow management within the group and erroneous input detection function <br />Workflow management with application and approval routes within the group to ensure governance and erroneous input detection are possible.
These functions allow you to pass on Settings such as location consolidation and Manage users authority to each group company while maintaining control within the group, reducing the management workload of the parent company's personnel. Furthermore, combined with existing functions such as support for multiple languages and Emission intensity, it is possible to significantly reduce calculation workload globally. In addition, the function to detect differences with past data and import data via API prevents erroneous input, leading to highly reliable disclosure.
Flow of using the "Consolidated Carbon Accounting Function" and benefits of using it
This function is provided as a paid option for "Zeroboard ". Our staff will support you with the initial Settings required for creating a hierarchy on a consolidated basis and Create application and approval paths.
Prime-listed companies that have been using this function in advance have told us that "by utilizing this function, we have been able to significantly reduce the amount of work required for the information confirmation process with group companies while maintaining effective governance, and can now approach obtaining third-party assurance and public disclosure with peace of mind." We will continue to aim to expand the number of companies using this function.
Going forward, we will continue to develop services that support sustainability management by leveraging the strengths of our technology and collaboration with collaborative partners in the accurate collection, calculation, analysis and improvement of a wide range of ESG-related data, including GHG, including from group companies and companies related to the supply chain and value chain, in response to strong demand, particularly from listed companies.
Webinar on "Consolidated Carbon Accounting Function" to be held!
We will be holding a free webinar to provide a detailed introduction to the "Consolidated Carbon Accounting Function." We welcome participation from companies that need to share data between group companies, or companies that have Issue with data exchange while ensuring governance.
Event overview
Date and time: July 18, 2024 (Thursday) 11:00 - 12:00
Application deadline: Wednesday, July 17, 2024
Application URL: zeroboard
Participation: Online, free Title: Towards efficient data collection and strengthened governance - Data collection and disclosure practices utilizing corporate group functions -
- overview and background of corporate group functions
- Examples of using corporate group functions
- How companies practice data collection and governance
- Q&A session
Company Overview
Company name : Zeroboard Inc. Inc. ( zeroboard )
Location: 10th floor , Sumitomo Fudosan Mita Twin Building West Wing, Tokyo Representative: CEO Michitaka Tokeiji
Established: August 24, 2021 Service : Development and provision of " Zeroboard ," a solution for calculating and visualizing GHG (greenhouse gas) emission amount ; consulting on sustainability management; operation of the Community "All Aboard""All Aboard!"; development and provision of "Zeroboard Sustainability Platform," a solution for unifying ESG information
What is Zeroboard ?
“Zeroboard” is a solution that supports GHG emission calculation, disclosure, and reduction. It enables the calculation and visualization of domestic and international supply chain emissions, as well as emissions per product or service (Product Carbon Footprint: PCF), through a cloud-based platform. It also enables the registration of reduction contributions and water resources and supports the generation of various reports. By providing GHG reduction solutions tailored to the specific challenges of user companies, “Zeroboard” supports in their decarbonization efforts.
Based on “Zeroboard,” we have developed and started offering industry-specific products such as “Zeroboard construction” for the construction industry and “Zeroboard logistics” for the logistics industry, with industry-specific functionalities.
In addition, “Zeroboard for batteries”, a solution to comply with EU battery regulations.
* Zeroboard, zeroboard construction, zeroboard logistics, and All Aboard! are registered trademarks of Zeroboard Inc.
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