Fujitsu and tradeslot sign carbon mgmt deal
Wednesday, 25 June 2008 12:48pm
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, CarbonNavigator 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.
Ruth Liew
