Sage acquires Spherics to help SMBs reduce their environmental impact
Sage has completed the acquisition of Spherics, a carbon accounting solution to help businesses easily understand and reduce their environmental impact.
Spherics automates the process of calculating emissions by ingesting data from a customer’s accounting software and matching transactions to emission factors to create an initial estimate of their carbon footprint. The software then guides the customer to refine this estimate by submitting further data for a more accurate calculation - supporting SMBs on their journey to net zero.
Amaya Souarez, EVP Cloud Operations, Sage said that the acquisition of Spherics represented an important milestone in the company’s sustainability strategy. “By combining Spherics’ software with Sage's digital network, we are connecting businesses with their customer and supplier emissions data, enabling easy and collaborative climate action across value chains which helps to reduce carbon.”
Sage has pledged to fight climate change and help protect the planet, by halving its own emissions by 2030 and becoming net zero by 2040, by supporting SMBs to get to net zero, and by advocating for policy and regulatory frameworks to support the transition to a low carbon economy.
Spherics also helps SMBs apply carbon emission factors to procurement categories such as delivery, accommodation, electricity and travel to estimate the associated carbon footprint of a transaction. This approach supports customers with spend-based analysis and aligns with the Greenhouse Gas Protocol, the globally agreed standard for measuring carbon emissions.
Pieter Bensch, Executive Vice-President, Africa, Middle East, Asia and Australia at Sage added, “With this acquisition, Sage is uniquely positioned to enable millions of businesses to accelerate their transition to a more sustainable way of doing business and adapt to the new regulations and customer expectations.”