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Budget 2023: Hits and misses

Our experts weigh in on what the budget got right and what it missed in terms of supporting small businesses in Australia.

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Budget 2023: Startup founders call for tax breaks and sustainability

Startup founders reveal what they want to see in the 2023 federal budget next week, including more tax breaks and focus on sustainability.

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Schneider Electric and Avarni Partner To Expand AI-Enabled Scope 3 Decarbonization Solutions

Collaboration enhances Schneider's market-leading, AI-enabled software and sustainability consulting services with Avarni's global supply chain data set and AI-driven analytics to help the companies accelerate

Dennis-riedl , Shannon-davies , Courtney-phelps , Schneider-electricview , Steve-wilhite , Dylan-martinez , Tony-yammine , Schneider-electric , Ecostruxure-resource-advisor , Zero-carbon-project , Meaningful-purpose , Electric-media-relations

Avarni Raises $3M in Funding

FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time!

Australia , Sydney , New-south-wales , Anuj-paudel , Misha-cajic , Tony-yammine , Mckinsey-digital-capability-center , Macquarie-telecom-group , Mckinsey-company , Digital-capability-center-network , Main-sequence , Vulpes-ventures

Avarni is building a comprehensive dataset to analyze supply chain emissions

For companies aiming toward net zero, tracking scope 3 carbon emissions is a key challenge. Scope 3 are emissions along a supply and value chain, which means they have to account for a large number of partners. Avarni automates much of the process and says it can cut down the amount of time spent on carbon reporting from months to minutes. The Sydney, Australia-based startup announced today it has raised $3 million for its carbon management platform. The funding was led by deep tech venture firm Main Sequence, with returning investors Vulpes Ventures and Common Sense Ventures.

Australia , Sydney , New-south-wales , Misha-cajic , Anuj-paudel , Tony-yammine , Macquarie-telecom-group , Main-sequence , Vulpes-ventures , Common-sense , Macquarie-telecom , Field-pickering

Asia Digest: FinAccel welcomes Slack's Allen Shim; Australia's Avarni raises $3m; Blackstone eyes KKR's Australian Venue

Shim will support Finaccel's IPO plans as well as neo-bank launch.

Australia , Australian , Mike-zimmerman , Tony-yammine , Akshay-garg , Bank-bisnis , Australian-venue-co , Krom-bank-indonesia , Former-slack , Main-sequence , Vulpes-ventures , Common-sense

Avarni - Turning net zero commitments into reality

US government puts supply chains on notice to report emissions SYDNEY, Nov. 16, 2022 /PRNewswire/ -- Companies around the world are set to be impacted by the US Government's proposed Federal Supplier Climate Risks and Resilience Rule, which requires major federal government contractors report their Scope 1, 2 and 3 emissions. The inclusion of Scope 3 emissions reporting means organisations supplying goods or services to a major contractor will need to provide emissions data of their own. The US Federal Government is "the world's single largest buyer of goods and services-purchasing over $630 billion in the last fiscal year alone", according to the Office of the Chief Federal Sustainability Officer. Under the proposed rule, "major" contractors are those receiving more than $50 million in annual contracts, while those under that threshold will only need to report on Scope 1&2. Tony Yammine, co-founder and CEO of carbon management start-up Avarni, said: "Supply chains around the world are on notice. This is a clear message from the US government that if you aren't already measuring and reporting your emissions you should be. It is the critical first step in reducing emissions and addressing climate change. "Including Scope 3 emissions reporting will have ramifications far beyond those contracting with the US government. Any supplier to those contractors can expect a request for information on their own emissions. At up to 11 times as large as Scope 1&2, tackling Scope 3 emissions must be a priority for government and business - and it's hugely positive to see the US government showing such leadership through its procurement policies." Avarni's carbon data platform dramatically speeds the process of assessing, planning and monitoring emissions across an organisation and its supply chain. Using artificial intelligence and one of the world's most comprehensive datasets on emissions, Avarni provides enterprises with deep insights into their own along with their suppliers overall emissions profile, while allowing them to forecast the impact of different decarbonisation scenarios. By aggregating raw supply-chain and spending data, Avarni also helps customers understand their Scope 3 emissions and enables supplier engagement on carbon reduction strategies. In Australia, KPMGis using Avarnito progressively map climate risk in its supply chain[1]. Despite only launching at the beginning of 2022, Avarnihas already analysedmore than $100bn in corporate spending data and 150 million tonnes of CO2e in supply chains. https://www.avarni.co/ [1]See 2022 KPMG sustainability report (p.23) Nick Albrow +61-408-681-499 www.wilkinsonbutler.com

Australia , Sydney , New-south-wales , Tony-yammine , Prnewswire-companies , Federal-supplier-climate-risks , Resilience-rule , Chief-federal-sustainability , Us-government-puts-supply-chains-on-notice-to-report-emissions-sydney , Ov-16 , 022-prnewswire-companies-around-the-world-are-set-to-be-impacted-by-us-government-39s-proposed-federal-supplier-climate-risks-and-resilience-rule , Hich-requires-major-federal-government-contractors-report-their-scope-1

Avarni - Turning net zero commitments into reality

US government puts supply chains on notice to report emissions SYDNEY, Nov. 16, 2022 /PRNewswire/ -- Companies around the world are set to be impacted by the US Government's proposed Federal Supplier Climate Risks and Resilience Rule, which requires major federal government contractors report their Scope 1, 2 and 3 emissions. The inclusion of Scope 3 emissions reporting means organisations supplying goods or services to a major contractor will need to provide emissions data of their own. The US Federal Government is "the world's single largest buyer of goods and services-purchasing over $630 billion in the last fiscal year alone", according to the Office of the Chief Federal Sustainability Officer. Under the proposed rule, "major" contractors are those receiving more than $50 million in annual contracts, while those under that threshold will only need to report on Scope 1&2. Tony Yammine, co-founder and CEO of carbon management start-up Avarni, said: "Supply chains around the world are on notice. This is a clear message from the US government that if you aren't already measuring and reporting your emissions you should be. It is the critical first step in reducing emissions and addressing climate change. "Including Scope 3 emissions reporting will have ramifications far beyond those contracting with the US government. Any supplier to those contractors can expect a request for information on their own emissions. At up to 11 times as large as Scope 1&2, tackling Scope 3 emissions must be a priority for government and business - and it's hugely positive to see the US government showing such leadership through its procurement policies." Avarni's carbon data platform dramatically speeds the process of assessing, planning and monitoring emissions across an organisation and its supply chain. Using artificial intelligence and one of the world's most comprehensive datasets on emissions, Avarni provides enterprises with deep insights into their own along with their suppliers overall emissions profile, while allowing them to forecast the impact of different decarbonisation scenarios. By aggregating raw supply-chain and spending data, Avarni also helps customers understand their Scope 3 emissions and enables supplier engagement on carbon reduction strategies. In Australia, KPMGis using Avarnito progressively map climate risk in its supply chain[1]. Despite only launching at the beginning of 2022, Avarnihas already analysedmore than $100bn in corporate spending data and 150 million tonnes of CO2e in supply chains. https://www.avarni.co/ [1]See 2022 KPMG sustainability report (p.23) Nick Albrow +61-408-681-499 www.wilkinsonbutler.com

Australia , Sydney , New-south-wales , Tony-yammine , Prnewswire-companies , Federal-supplier-climate-risks , Resilience-rule , Chief-federal-sustainability ,

Avarni - Turning net zero commitments into reality

US government puts supply chains on notice to report emissions SYDNEY, Nov. 16, 2022 /PRNewswire/ — Companies around the world...

Australia , Sydney , New-south-wales , Tony-yammine , Federal-supplier-climate-risks , Resilience-rule , Chief-federal-sustainability ,

Next generation cytogenetics is on its way

Next generation cytogenetics is on its way
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