Fund
managers and super funds at a loss on how to quantify the costs of
going carbon neutral or want to analyse their carbon footprint can look
to a new carbon management platform developed by IT group tradeslot
with the backing of Fujitsu Consulting. Boutique
commodity trading software developer tradeslot has partnered with
Fujitsu to launch a carbon management platform that calculates
companies financial risk exposure as it relates to their
carbon-related policies.
According
to Fujitsu Consulting, tradeslot's consulting implementation partner,
Carbon Navigator provides a three-way bridge between sustainability,
finance, and investment planning. The service is rolled out via a
hosted web platform, and is accessible at the click of a mouse once the
software is installed. The
product allows organisations to perform compliance related tasks such
as carbon foot printing, managing financial risk exposure, and even
calculate the cost of going carbon neutral. "We're
just going to market with this and it's for any company who has a
carbon liability" said Alison O'Flynn, principal consultant of Fujitsu
Consulting.
"The
product has a framework that helps rate internal abatement projects,
which one to do which ones not to do, for instance. It can help map out
what your company's liability is and what your investment options are"
she said.Despite
being developed locally in Melbourne, the software is supported by
market data fed from Europe and the US letting Australian companies
create 'what-if' scenarios on an international scale.As
a result, fund managers and super funds will be able to optimise the
allocation of funds for projects and offsets, and forecast their
expenditure for a few years."It's like a financial trading market tool for carbon" said O'Flynn.