We want to help you know all kinds of value as easily as price. This will enable a fairer economy and more prosperous world.
Organisations need to improve their impact on people and planet
Consumers are demanding more sustainability
Employees want to do good whilst going well
Government regulations are becoming tougher
Greenhouse gas emissions are only the start. In time, all organisations will need better systems to manage non-financial issues – such as biodiversity, contamination of waterways, labour conditions, fair pay, and so on.
Ultimately, the data about your impact belongs to you – it is your asset, not only the purview of rating agencies or third party analysts. Reliable impact data is a competitive advantage.
We are guided by a simple mantra – radical simplicity.
In 2021 we won a challenge set by the Scottish Government: “how can technology help manufacturing businesses decarbonise while building resilience and strengthening competitive advantage?” After demonstrating a functional prototype, we secured a government contract to build our Neoni® software.
We were invited to present our innovation at COP26 in Glasgow, and were selected for the Scottish TechScaler programme as well as the High Growth Venture Portfolio of Scottish Enterprise.
Independently of our work, in 2021 Prof Robert Kaplan (Harvard University) and Prof Karthik Ramanna (University of Oxford) published articles outlining what they called the E-Liability Method for carbon accounting. They say it is a common-sense approach – we agree because our Neoni® methodology and the E-Liability Method are the same. This is mutually validating.
Please join our journey by registering for our beta testing programme.
Neoni® is the first software to implement the E-Liability Method for carbon accounting. This method improves upon the standards of the Greenhouse Gas (GHG) Protocol. It applies proven cost accounting methodologies to more accurately calculate carbon emissions across supply chains. The method was developed and refined by Prof Karthik Ramanna (University of Oxford) and Prof Robert Kaplan (Harvard University). Prof Kaplan was a lead architect of Activity Based Costing, which is used to assign costs such as shared overheads to individual product lines. In their words: “The E-Liability Method is a common-sense approach to carbon accounting... the GHG Protocol standards are flawed in concept because they are unreliable, costly to implement, and lead to multiple-counting. Furthermore, the symmetric treatment of upstream and downstream emissions by the GHG Protocol ignores that a company’s ability to influence is not symmetric between suppliers and customers”. The E-Liability Method calculates and allocates carbon emissions across a supply chain in a similar way to how value added tax (VAT) is calculated. They established the E-Liability Institute and have documented how the E-Liability Method improves upon the GHG Protocol.
We collaborate closely with the E-Liability Institute to promote the E-Liability Method. We are not formally affiliated but pleased the institute recognises Neoni® as a way for implementing the E-Liability Method.
Yes. Neoni® supports this classification of emissions and can produce reports according to the categories of Scope 1, 2, and 3. However, for the reasons mentioned above, we prefer to simply distinguish between 'direct' and 'indirect' emissions. This is easier to understand and also more technically correct when applying a cost accounting approach.
We're working on it. Neoni® was built to prove that our novel method can reduce effort and improve the accuracy of supply chain data for carbon emissions. In time we will extend the functionality to include all types of ESG and sustainability data.
Transaction data from your purchase ledger. Your financial accounting software or enterprise resource planning (ERP) systems can produce this. We support CSV file upload to ensure compatibility with all systems.
Yes, this was our priority from day 1. Only anonymised data is transferred to your customers. This is an aggregated emissions value, which is known as an intensity ratio. This describes an amount of emissions per unit of currency or product. At no time is your granular purchase ledger data shared – it remains confidential within Neoni® just like your financial accounting and enterprise resource planning (ERP) systems. You can also revoke access at anytime to organisations that subscribe to your data feed.
Yes. Neoni®, and the E-Liability Method, works equally well across all industries, including both private and public sectors. The Scottish Government competition we won in 2021 focused on the manufacturing sector and proved that our innovation works.
Yes, you can use Neoni® to aggregate emissions data about organisations in your investment portfolios or loan books. We are refining these features to provide analysts with greater insights specifically tailored to the financial sector.
Yes, Neoni® is backward compatible with existing standards like the GHG Protocol, CDP, TCFD, SBTi. We are currently building the features to automate these submissions where possible.
If you are ambitious about your decarbonisation goals, then please register here for our beta testing programme. We will be happy to arrange a call with you.
Neoni® is currently only available via the cloud as a software-as-a-service (SaaS) solution. We are planning a standalone version because we know many organisations demand it.
Yes. We would like to meet organisations who have ambitious decarbonisation goals and want a competitive advantage – we could be your technical partner for implementing the E-Liability Method across your supply chain.
Yes, 'neoni' is the Scottish gaelic word for 'zero'. We are a Scottish company. The name of our software is inspired by our origins and the goal of achieving net zero emissions.