Last updated: 09 Jan 2024 09:30 Posted in: Sustainability
The AI Accountant proudly announces its move towards net neutrality, marking a significant stride in sustainable business practices. Under the guidance of AIA member in practice and CEO Steve Hall, the firm has set an exemplary standard in the accounting industry.
Founded by Steve Hall in July 2023, The AI Accountant is dedicated to continuous improvement and innovation. During an AIA webinar, software provider, Trace introduced a tool for measuring an organisation's environmental impact. Utilising Trace's software, The AI Accountant conducted a thorough assessment aligned with the Greenhouse Gas Protocol, revealing a monthly carbon footprint of 1 tonne of CO2, totalling 12.3 tCO2 for 2023, primarily from supplier choices. Empowered by this insight, Steve swiftly implemented a robust carbon reduction plan, collaborating with Trace to make significant strides towards the firm becoming carbon neutral through contributions to conservation projects.
Commenting on the achievement, Steve said, "Our journey towards becoming net neutral reflects our commitment to responsible business practices. We believe in leading by example, setting a precedent for our industry and demonstrating the positive impact businesses can make on the environment.
“This was all made possible by the invaluable support of AIA and Trace. AIA's guidance helped me understand the need to be more aware of our carbon footprint, and we want to thank AIA for fostering an environment that encourages responsible business practices."
Looking forward, Steve has joined the Carbon Accounting Fellowship program, aiming to launch Carbon Accounting services for small businesses in the UK by February 2024, addressing the increasing demand for environmental reports in supply chain bids and tenders. Steve's commitment includes addressing supply chain carbon footprints to begin their movements to become carbon neutral also. As a member of the B1G1 organisation committed to "Business for Good", which promotes positive impact globally, Steve will be contributing to the United Nations Sustainable Development Goals.
The AI Accountant‘s commitment to improving their carbon footprint exemplifies its dedication to positive industry change, aligning with the AIA's mission to support global accountants.
"AIA's guidance and support helped me understand the need to be more aware of our carbon footprint, and we want to thank AIA for fostering an environment that encourages responsible business practices."
Steve Hall, CEO at The AI Accountant