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Carbon accounting software for fintech software companies

Plan A provides a certified carbon accounting software for the software & IT industry and the personal support of leading experts to enable fintech software companies to streamline carbon management, align with regulations, and reach net-zero emissions

The opportunity

Gain a competitive advantage through decarbonisation

67%
Higher return
Companies that disclose environmental data and pursue ambitious emissions reduction targets have a 67% higher ROI on investment.
Source: CDP
60%
Investor pressure
Majority of investors say they will increase their investments in companies that prioritise sustainability over the next five years.
Source: McKinsey
5.6%
Competitive advantage
Companies with science-based reduction targets outperform their peers by 5.6% in terms of shareholder returns.
Source: CDP

Calculate your emissions in line with the latest scientific standards to ensure greater accuracy

Simplify data collection across all your teams and suppliers
Calculate your emissions following the latest scientific standards for greater accuracy
Deepen the analysis of your data with customisable dashboards and charts

Drive decarbonisation with the power of science

Set science-based targets to reduce your emissions
Leverage tailored actions for an effective decarbonisation plan
Forecast future emissions and cost risks to stay on track

Receive support for every stage of your CSRD journey

Manage all your emissions for your E1 disclosures
Benefit from personalised services such as conducting a gap analysis and reporting readiness assessment
Grow your expertise through digital or personal learning opportunities

Key information on carbon accounting software for fintech software companies

Why should fintech software companies do carbon accounting?

Fintech software companies should engage in carbon accounting to demonstrate their commitment to sustainability, enhance regulatory compliance, and build stakeholder trust.

As fintech software companies generally operate on a digital platform, they have a unique opportunity to lead in reducing emissions associated with data centres, cloud services, and digital transactions. By measuring and managing their carbon footprint, they can identify inefficiencies, optimise operations, and contribute to global sustainability goals. This proactive approach not only reduces greenhouse gas emissions but also aligns with the industry’s innovation-driven ethos.

Furthermore, the fintech industry operates in a highly regulated environment, with increasing pressure to comply with environmental standards and disclosure requirements. By implementing robust carbon accounting practices, fintech companies can avoid regulatory penalties, maintain their operational licences, and stay ahead of future legislation. This strategic compliance also serves to attract investors and customers who prioritise environmental responsibility.

Finally, transparent carbon accounting enhances the corporate reputation of fintech companies, building trust with stakeholders and differentiating them in a crowded market. Stakeholders, including investors, customers, and employees, are increasingly favouring businesses that demonstrate environmental stewardship. By committing to carbon accounting, fintech companies can improve their brand image, foster stronger relationships, and position themselves as leaders in the transition towards a sustainable economy.

Benefits fintech software companies have to implement a carbon accounting software

Fintech software companies implementing carbon accounting software can significantly enhance their operational efficiency and transparency in sustainability practices.

By automating and streamlining the carbon measurement process, fintech companies can integrate carbon accounting seamlessly into their existing digital infrastructure. This allows them to efficiently collect and analyse vast amounts of emissions data from both their internal operations and associated partners, reducing manual errors and the time invested in these tasks. Moreover, the real-time insights provided by carbon accounting tools enable quick and informed decision-making, which is invaluable in the fast-paced financial sector.

Furthermore, adopting carbon accounting software ensures that fintech firms remain compliant with global sustainability frameworks like the GHG Protocol and ESRS. This compliance not only helps avoid regulatory fines but also bolsters the company’s reputation for transparency and accountability. By accurately reporting their carbon footprint, fintech companies can demonstrate their commitment to sustainability, a factor increasingly valued by investors and clients alike.

Finally, the analytical and reporting tools embedded within carbon accounting software support fintech firms in setting and tracking their sustainability goals. These tools facilitate the creation of detailed progress reports for stakeholders, which enhances strategic planning and provides a framework for future sustainability initiatives. As stakeholders grow more concerned about corporate responsibility and climate change, the ability to demonstrate tangible environmental progress can serve as a distinctive competitive advantage.

How does Plan A's software help fintech software companies do carbon accounting?

Plan A’s software aids fintech software companies in conducting carbon accounting by streamlining data collection, offering detailed emissions analysis, and ensuring regulatory compliance.

Plan A’s platform simplifies the initial step of data collection for fintech companies by integrating seamlessly with existing workflows to gather emissions data from various sources, including internal operations and external service providers. This integration supports bulk uploads and is aligned with the latest scientific standards to ensure data accuracy and integrity, which is crucial for fintech firms handling vast amounts of sensitive financial data. The customisable dashboard consolidates all emissions data in one secure location, providing fintech firms with a reliable source for environmental reporting and decision-making.

Once data is collected, the platform’s analytical tools empower fintech companies to analyse their carbon footprint comprehensively, looking into scopes 1, 2, and 3 of emissions. By identifying emission hotspots across different business units, the software helps fintech firms prioritise actionable steps for emissions reduction. These insights are critical for fintech companies as they operate in highly regulated and competitive environments, where sustainability performance can impact both compliance and brand reputation.

Moreover, Plan A’s software aids fintech companies in setting science-based decarbonisation targets to strategically plan their path towards net-zero. The platform provides fintechs with forecasts of potential emissions and cost implications, facilitating the development of effective decarbonisation strategies. By ensuring alignment with environmental regulations, Plan A not only helps fintech companies stay competitive but also strengthens their commitment to sustainability, thus fostering trust among stakeholders and the broader community.

How does carbon accounting software help fintech software companies reduce emissions?

Carbon accounting software helps fintech software companies reduce emissions by providing precise insights into their carbon footprint, enabling strategic actions for emission reduction, and ensuring continuous monitoring for sustained improvements.

For fintech companies, detailed carbon accounting software helps unravel the direct and indirect emissions associated with digital operations such as data centres, travel, and office energy use, offering a clear picture of their overall carbon footprint. By breaking down emissions into specific categories, companies can identify major emission hotspots within their operations and the supply chain, allowing for targeted interventions where they will be most effective. This focus ensures that resources are efficiently allocated to the areas that have the most significant impact on reducing emissions.

Facilitating targeted actions, these tools help fintech companies assess the effectiveness of various emission reduction initiatives, whether by optimising server efficiency, transitioning to cloud-based solutions with lower carbon impact or adopting remote work models to cut down on travel-related emissions. By simulating different scenarios, fintech firms can devise cost-effective and impactful strategies aligned with their sustainability goals. Furthermore, by setting and tracking specific emission reduction targets, companies can ensure that they are consistently working towards and meeting their environmental commitments.

Continuous monitoring through the software ensures fintech companies can track their emissions performance over time, identify deviations from targets, and adapt their strategies accordingly. Automated reporting capabilities simplify compliance with regulatory requirements and reporting standards, ensuring that fintech companies remain accountable and transparent in their sustainability efforts. This fosters a culture of continuous improvement, helping firms achieve sustained emissions reductions and solidifying their long-term environmental responsibility.

A certified platform combining cutting-edge technology and the latest scientific standards

GHG Protocol compliant & TÜV Rheinland certified
Listed as Global top 5% in B Corp "Governance"
Committed to Science-based targets and The Climate Pledge
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