We know that the end of the financial year is a time of intense scrutiny.
For large companies and those with public-sector contracts, there are now even more sustainability and ESG reports to file, driven by the push for Net Zero, new mandatory Sustainability Disclosure Regulations (SDR) and the EU’s Corporate Sustainability Reporting Directive (CSRD).
Which makes us ask: can you easily, accurately and confidently verify your sustainability claims in your annual report? Or does the thought make you panic like you’ve woken up on Christmas morning and forgotten to do any shopping?
If the answer is anything less than a resounding yes to those questions, then Axiom is here to help turn that end-of-year panic into easy compliance.
For UK companies, there are two main sustainability reporting requirements, depending on your organisation’s size.
Large UK companies (with over 500 employees and high turnover/balance sheet totals) are already required to report in alignment with the Task Force on Climate-related Financial Disclosures (TCFD) framework.
This requires large UK companies and LLPs to disclose their UK energy use, associated GHG emissions and the energy efficiency measures they have used.
Failure to accurately compile and disclose this information results in non-compliance and potential penalties, with year-on-year consistency needed to demonstrate progress.
While not always legally required for inclusion in the annual report (yet), many investors, lenders and key public-sector clients demand credible evidence of a Net Zero Transition Plan.
A credible plan requires consistent, accurate baseline data to demonstrate how carbon-reduction targets are being met. Vague claims are being flagged and rejected by financial markets.
We know that companies are under pressure to submit accurate, audit-ready data that stands up to in-depth scrutiny. We’re here to quickly and easily track your environmental and social performance, providing the data you need to demonstrate compliance.
Year-end reporting means finalising the Scope 1, 2 and 3 emissions for the entire year. Manually compiling this from utility bills, mileage logs and supplier data is slow, error-prone and lacks an auditable trail.
Axiom integrates directly with utility providers and ERP/finance systems, automating the collection and calculation of GHG emissions using the latest conversion factors. This provides a single, tamper-proof record of the entire year’s emissions, complete with source documentation for auditors.
Compliance is about more than numbers; it’s about structuring data in accordance with specific legislative frameworks (e.g., the four TCFD pillars).
Axiom features pre-built reporting templates aligned with SECR and TCFD requirements. Clients can generate a near-complete draft of the quantitative disclosures section – including energy consumption, emissions, and intensity ratios – at the click of a button. This massively reduces the time and expense of working with external consultants to format the report.
The end of the financial year is the time to report on performance against targets set the previous year. Our software allows clients to track progress toward their Net Zero targets in real time.
The regulatory environment is only going to get tougher, with the UK set to adopt the International Sustainability Standards Board (ISSB) standards in the coming years. Getting your data in order now will help you and your business prepare for the future of financial reporting.
If you want to make the transition from manual spreadsheet reporting to automated, audit-ready sustainability data before the next deadline looms, Axiom is here to help no matter where you are on your sustainability journey.
AXIOM is a powerful cloud-based platform that helps your business monitor, analyse and improve sustainability performance.
Using specialist technology, we equip businesses with a tool which enables them to track their environmental and social performance whilst also improving governance – identifying and mitigating risks associated with business operations and relationships.
Book your free demo here.
