Carbon Accounting Starts with Financial Accounting – Notodden Energi Chooses Aider’s Sustainability Team

Notodden Energi aims to become the leading electricity provider in Telemark and to contribute to building an attractive local community by making technology accessible to everyone. In addition to electricity, the company provides Altibox and broadband services.

Sustainability is a key priority for energy companies, as they operate in a sector with significant environmental, societal, and economic impact. Notodden Energi actively works to reduce its climate footprint and invests in the local community, including sponsorship of local teams and associations

 

Consistently High Reporting and System Requirements

In 2022, the Notodden Energi group selected Xledger as its new ERP system and Aider as its partner. This collaboration expanded in 2023 when the group needed support in payroll, accounting, and controlling.

“When the Transparency Act came into effect in 2022, it was natural for us to extend the collaboration to cover this area as well,” says Asbjørn Kasin, Quality Manager at Notodden Energi Holding. He adds, “Our positive experience with Aider’s sustainability team on the Transparency Act made it easy to engage them when we saw the need for carbon accounting at the company level. Aider introduced the Morescope climate platform, and we quickly recognized that it was a perfect fit for us

 

Carbon Accounting Starts with Financial Accounting

With Morescope, you can quickly estimate your company’s emissions using figures from the annual financial statements—this is called transaction-based carbon accounting. You can then update the data with more precise information if available, known as activity data, which comes from your own operations, suppliers, or partners. The result is a full carbon account covering Scope 1, 2, and 3 emissions in accordance with the GHG Protocol.

“Since carbon accounting starts with financial figures and an overview of purchases and suppliers, it is an advantage that we are familiar with the customer’s accounting. And because the Notodden group has been a financial client for several years, we naturally have an in-depth understanding of their accounts,” says Sjur Langedal, Director at Aider.

 

Targeted Actions Where They Matter Most

An important part of a company’s competitive advantage is obtaining accurate data on its carbon emissions. This provides the foundation for implementing measures to reduce emissions where they have the greatest impact. Morescope enables companies to set targets in line with the Paris Agreement and Science Based Targets. The entire carbon account can be automatically integrated into sustainability reporting following the VSME standard within the same platform.

“Setting up the integration between the accounting system and Morescope is very quick, allowing financial data to be imported automatically. We started with the 2024 carbon account and then added transaction data from 2023. We quickly generated comprehensive overviews, enabling companies to track progress from year to year,” concludes Langedal.

Ønsker du å ta en prat med oss?

• 

  Sjur Langedal

  Director

  sjur.langedal@aider.no

  +47 97 74 69 59

  LinkedIn

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