Banks now have a powerful new tool to help SMEs commit to a low-carbon approach thanks to Sage. With the acquisition of Spherics, Sage offers an innovative API, allowing companies to measure and reduce their carbon footprint effectively. By leveraging management data and applying carbon emission factors to different expenses, this tool offers a practical solution to track and reduce greenhouse gas emissions. The path to zero carbon has never been so accessible.
Sage introduces a revolutionary API to measure carbon
Sage’s announcement is a real revolution for the banking sector and SMEs. Indeed, thanks to the acquisition of Spherics, Sage now offers an API to measure and reduce carbon emissions. This initiative aims to facilitate the integration of decarbonization strategies into daily life, based on a detailed analysis of company expenses.
Helping SMEs adopt sustainable practices
The API allows SMEs to calculate their carbon footprint simply and accurately. By analyzing the company’s expenses, the solution applies carbon emission factors to each transaction related, for example, to delivery or travel. A real boon for companies wishing to embark on a low-carbon approach without having to mobilize significant resources for complex tools. The benefits for banks and fintech
In addition to the help provided to SMEs, this Sage initiative is particularly beneficial for banks and fintechs. By integrating this
Carbon Footprint API in their services, they can now support their customers in their efforts to reduce their carbon footprint. Additionally, it opens the way to new business opportunities for fintechs seeking innovation and sustainable solutions. THE API are a powerful and versatile tool for all financial institutions. The Bpifrance and ADEME initiative: valuable support
Institutional support is essential to support companies towards a successful transition. As such, Bpifrance and ADEME launched the Decarbonization Accelerator, a program designed to help companies structure their low-carbon strategy. This support allows managers of SMEs and ETIs to benefit from advice and tools to successfully carry out their carbon footprint reduction projects.
Tools to measure carbon footprint
Measuring a company’s carbon footprint may seem complex, but tools like
Carbon base of ADEME simplify this task. This public database compiles emission factors for different sectors of activity, thus facilitating the production of a report on GHG (Greenhouse Gas) emissions. By combining this with Sage’s solutions, SMEs can gain a clear and precise view of their environmental impact. How to reduce the carbon footprint in business?
To take concrete action, companies can turn to simple and effective actions. Among these, the optimization of transport, the reduction of waste and the adoption of renewable energies feature prominently. Additional advice is available on specialist sites such as
these , which offer a myriad of practical advice for every level of the organization.Funding to support the transition
The energy transition and reducing the carbon footprint often represent a significant investment. Fortunately, various financing mechanisms exist to support businesses in this process. Banks, thanks to specific tools like the Carbon Offset API, can help their customers offset the emissions of their products and services. To learn more about available financing options, be sure to check out resources such as this
article .A promising future for sustainable finance
Initiatives like that of Sage demonstrate a strong commitment by the finance sector towards a more sustainable future. By integrating advanced carbon footprint measurement and reduction solutions, banks and fintechs can not only meet growing consumer expectations, but also play a key role in the fight against climate change. The future of finance is looking increasingly green, and developments like these only reinforce this trend. First sustainable development startup from Commerzbank find out more, click
here .https://twitter.com/diegane_diouf/status/1798334457197269256
