ACCA Sustainability Guide Featuring neoeco CEO & Co-Founder

We’re delighted to share ACCA’s sustainability guide that our CEO Stephen Pell had the pleasure of contributing to. As an ACCA member and someone who passionately pioneers the intersection of sustainability and technology, it was great for Stephen to be involved in this guide alongside many other accounting and sustainability experts.

The guide highlights the need for all businesses to report on sustainability - for the sake of regulatory requirements as well as for the sake of business operations, competitive advantage, profitability, and success with stakeholders.

The insights from the guide include that 58% of SMEs still use spreadsheets for data collection and ESG reporting - which is time-consuming, leads to inaccuracies, and lacks sufficiently robust data.

“A failure to provide sustainability-related information and use it in operational decision-making may lead to negative outcomes for SMEs, from worsening terms of trade and finance to the extremes of withdrawal of resources.”

The guide also points out the benefits of using technology as an enabler for sustainability reporting. By implementing an ESG reporting software that integrates with current systems to reconcile data and provide accurate audit-ready reports, companies will place themselves in a strong position for stakeholders, against competitors, and save immeasurable time and resources.

"The creation and use of sustainability-related information helps SMEs, their advisers and stakeholders to see and take advantage of their opportunities and manage their risks. This will put SMEs in a much stronger position financially – making it easier to attract investment and obtain preferential terms of trade with suppliers. In the battle for talent, it will help them recruit and retain high-calibre employees."

- Sharon Machado, Head of Sustainable Business, ACCA

neoeco’s solution is designed to make ESG reporting effortless and efficient, ensuring that your business meets all the regulatory requirements under the relevant frameworks whilst satisfying demands from stakeholders. Through our user-friendly interface, integrations, and AI automated transaction reconciliation, your business can get instant audit-ready reports across all of sustainability.

Click here to view the full sustainability guide.

To find out more about sustainability accounting and ESG reporting, get in touch with our team and book your free demo. Contact us here.