Climate reporting is no longer an issue for large corporations alone.

The pressure is spreading across the business landscape as customers, financiers and commercial partners place greater weight on emissions data and climate disclosure. 

For small and medium businesses, that means climate reporting is becoming a practical business issue as well as a regulatory one.

Brisbane company Arteh has developed a software platform designed to help businesses respond. 

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The platform measures carbon emissions using activity data to establish both a transit risk and a reliable transition plan. 

The platform has been developed against the backdrop of the 2015 Paris Agreement and the climate policies that have followed in Australia. 

While mandatory reporting obligations are being phased in, the commercial effects are already being felt much more broadly as businesses across the economy are asked for better information and greater transparency.

Arteh founder and finance insurance expert Dr Natalie Hurtado said the company was built well before climate reporting became a mainstream business concern.

With co-founder Dr Saphira Rekker and data analyst Dr Hugo Silva, Arteh secured early recognition and seed funding to develop the platform, Dr Hurtado said.

“I sensed that this would be an issue that all companies would have to come across in the future,” she said. “It is very scientific for people in the financial field who know very little about the science involved.

“Saphira brought also a lot of credibility as a researcher well known in the field of sustainable finance, and she’s one of the people in the world that is studying the trajectories that companies should follow.

“We wanted to develop this platform that would support companies in their transition to net zero. This will help them meet both the spirit and the letter of the mandatory reporting requirements.”

Dr Hurtado said Arteh had been built with smaller and medium-sized businesses in mind, particularly those without large internal compliance teams.

“Arteh is really helpful for smaller and medium sized businesses because they are the ones less prepared to face the requirements of the legislation and they have less resources, including staff, to call on.

“So they need something that is easy, simple, scientifically reliable and also financially accessible.

“Also, Arteh should be considered an asset for businesses because supply chain compliance will help their clients become compliant. It also adds value to the business in the event of mergers and acquisitions.”

Businesses wanting to get ahead of climate reporting expectations can learn more at Arteh.com.au