Carbon Accounting Software for Australian Banks, Insurers, and Asset Managers

For Australian financial institutions, the AASB S2 disclosure obligation pulls in Scope 3 Category 15 financed and insurance-associated emissions, which often dwarf the operational footprint by orders of magnitude. PCAF methodology, counterparty data quality tiering, asset-class attribution, and the relationship between disclosed numbers and ongoing supervision are all in scope.

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What changes for financial services and insurance

Counterparty emissions data captured per loan, investment, or insured asset with PCAF data quality tier scored from 1 (verified) to 5 (industry average)
AASB S2 disclosure with Scope 3 Category 15 financed emissions and reporting boundary documented
Counterparty engagement workflow as supplier sustainability data improves over time
Climate scenario analysis tied to portfolio composition for AASB S2 paragraph 22
Continuous data architecture rather than annual point-in-time exercise
Audit trail from disclosed portfolio emissions back to counterparty source data

What the system does

Stores counterparty emissions data with attribution methodology and data quality tier
Calculates portfolio emissions by asset class with documented PCAF methodology
Applies state-based NGA grid factors for operational footprint
Produces data extracts that feed CDP Financial Services questionnaire and sustainability reports
Per-project workspace structure suits multi-counterparty advisory and consulting engagements
API and webhook integration for portfolio system feeds

Frequently asked

Does it produce a PCAF report?

The system stores counterparty-level emissions data with PCAF data quality tiering and produces data extracts that feed the PCAF Standard methodology. The disclosure document itself is typically authored separately; the system provides the audit trail and underlying calculations.

How does it handle counterparty engagement over time?

Counterparty data quality tiers track from 5 (industry average) through 1 (verified) as primary data improves. The system stores the engagement history and re-calculates portfolio emissions automatically when better data arrives.

What about ASIC surveillance of the AASB S2 disclosure?

Period locking, source-document audit trail, and methodology versioning are what make a disclosure defensible under ASIC RG 280 surveillance. The system supports the full evidence pack for limited and reasonable assurance under ASSA 5010.

Ready to see how this works for your operation?

Email hello@carbonly.ai with your reporting obligation, number of sites or projects, and current process. We reply within business hours.