Accounting for the emissions of a global tech empire is not a simple task, and what industry standards we do have for disclosure may allow tech companies to systematically understate their carbon footprint. A Guardian report compares official declarations of carbon emissions, including what amount to offsets purchased elsewhere, with “location-based” emissions, another standard metric […]
Embedded accounting startup Layer secures $2.3M toward goal of replacing Quickbooks
Embedded finance is usually what we hear about when brands and non-financial businesses want to offer financial products or services — like banking, insurance, lending and payments — to provide a better user experience for customers. Layer is leaning into that better user experience, but with embedded accounting. Its customers are those, like Square or […]
SEC adopts climate disclosure rules, giving carbon accounting startups firm footing
The SEC voted on Wednesday to require public companies to report a portion of their greenhouse gas emissions and their exposure to risks from climate change. The rules will require certain companies to report their Scope 1 and 2 emissions, those that result from direct operations and energy use, but omits Scope 3 emissions, or […]
Accounting Firm PWC’s Hong Kong Branch Purchases Land in The Sandbox Metaverse
On Thursday, Pricewaterhouse Coopers’ (PWC) Hong Kong unit announced that it purchased a land site in The Sandbox metaverse. The PWC Hong Kong branch will be the first internationally recognized professional services brand to enter The Sandbox metaverse. PWC Hong Kong Enters the Metaverse While land located next to Snoop Dogg’s Sandbox plot has sold […]