Sage buys carbon accounting platform

Sage has completed the acquisition of Spherics, a carbon accounting solution that helps businesses understand and reduce their environmental impact.

The acquisition reinforces Sage’s commitment to sustainability. 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. 

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. 

Amaya Souarez, EVP Cloud Operations, Sage said: “The acquisition of Spherics represents an important milestone in our sustainability strategy. By combining Spherics’ innovative 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.”