How can we ensure financial and energy accounting and disclosures of organizations reconcile at a fundemental level? At the macro / statistical level we have environmentally extended input-output frameworks that connect the dots between sectors and help trace benefits and responsibility across the economy. In a new white paper we explore how we can achieve a rigorous linkage of energy flows to monetary flows from an individual accounting entity perspective.
The proposed integrated accounting framework imposes on energy related non-financial disclosures the same double-entry balance constraints that apply to conventional financial accounting and statements. We identify the key ingredients required for a rigorous multidimensional accounting framework in terms of concepts, postulates and design choices, and we illustrate these ideas with a worked-out example of linking financial and energy accounts.
The Equinox platform is a versatile, cloud based, framework that supports sustainable portfolio management activity using an entirely modern and open source approach. This year we submitted a proposal under Challenge 2 of the EU Datathon 2022 (Theme: Transparency in Public Procurement) that aims to integrate procurement data with environmental impact data. We have just learned that we have been preselected to enter the formal stage of the competition and would love to hear from the community about tangible use cases, challenges or any other input as we develop equinox further
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