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Xero has announced a global partnership with Sumday, a carbon accounting platform, to help accountants and bookkeepers globally to manage their own and their clients’ carbon accounting.
As part of the partnership, Xero and Sumday will work together to empower small businesses to understand their emissions to an audit-ready standard with the help of their trusted advisor.
Sumday’s integration with Xero will also provide easy access to relevant financial and activity data, while transaction data will be easily coded to the relevant emissions source in Sumday. A comprehensive carbon general ledger report prepared in Sumday will ensure audit readiness and easy reconciliation with financials.
Xero also announced it will use Sumday for its own carbon accounting to enhance its in-house carbon accounting expertise in line with global carbon accounting standards and Xero’s own net-zero commitments.
Tamara Somers, director of sustainability and ESG at Xero, said: “Regulators are increasingly signalling mandated carbon accounting globally, making it a non-negotiable for businesses large and small. We’re excited to be partnering with Sumday, to enable accountants and bookkeepers on Xero across the world to account for their carbon emissions and support their clients with their efforts.
“Sumday’s commitment to enabling the accounting and bookkeeping community through education on how and why measuring carbon emissions is important is a big part of what drew us to partner with them.”
Jessica Richmond, CEO and co-founder of Sumday, added: “Carbon accounting to an audit-ready standard must be accessible and affordable to all businesses – whether you’re a public company like Xero or a small business supplier. It’s the only way we can credibly track progress towards net-zero. We must make sure businesses aren’t losing out, simply because they can’t provide stakeholders with the emissions data they increasingly need.”
