Skip to content
Energy, Information Technology

Digital Twinning Australia Introduces CCEmissions360 Console for Real-Time Carbon Counting

Digital Twinning Australia - Navigating Compliance Challenges and Business Opportunities 2 mins read
Digital Twinning Australia

Digital Twinning Australia’s (DTA’s) new CCEmissions360 Console allows companies to leverage technology to uncover energy and emissions savings within their processes. This, in turn, will turn an apparent compliance challenge into an innovation opportunity.

In 2023, the Australian Treasury released a consultation paper outlining its final proposals for implementing mandatory climate-related financial disclosure requirements. These proposals significantly expanded the reporting scope, capturing a broader range of entities under the scheme. As of July 2024, any Australian company with net revenue exceeding $500 million must include Scope 3 emissions in its annual reports. Scope 3 includes indirect emissions from suppliers, goods and services, and customers. The pressure on large and small companies to collect and report on their environmental performance has intensified.

Challenges for SMEs

While large corporations grapple with compliance, small and medium-sized enterprises (SMEs) face unique challenges. With limited financial, technical, and human capital resources, SMEs find calculating and tracking emissions resource-intensive. The complexity of methodologies, data collection, and reporting requirements can be daunting for smaller businesses. SMEs often prioritise day-to-day operations and survival, making emissions accounting a secondary concern when immediate challenges arise.

The Fear of Inaccurate Reporting

There’s a legitimate fear that emissions data collected by SMEs may be patchy or inaccurate. Rigorous auditing standards demand accurate reporting, and many companies worry their emissions data will not withstand scrutiny. However, there’s a solution on the horizon—one that transforms compliance into an opportunity.

Real-Time Reporting and Data Modelling

Digital twinning technology offers a path forward. With cloud computing and the proliferation of internet-connected sensors (thanks to the Internet of Things), real-time emissions reporting has become more accessible. Advanced data modelling technology enables emissions data to be traced from source to reporting, reducing the risk of green-washing and reporting errors. Companies can now embrace compliance while simultaneously enhancing productivity.

Framing the Issue

Emissions accounting should not be viewed solely as an obligation but as a business opportunity. Net-zero goals, sustainable practices, and productivity improvements are critical for the Australian economy.

Join the Movement Towards a Sustainable Future

Digital Twinning Australia invites businesses of all sizes to explore the CCEmissions360 Console and join the movement towards a more sustainable future. By working together and leveraging innovative technologies, we can transform asset management, reduce carbon emissions, and create a more resilient planet.

For more information and to schedule a demo of the CCEmissions360 Console, visit Digital Twinning Australia.

About Digital Twinning Australia

Digital Twinning Australia, established in 2019, is a leader in delivering and managing data-driven solutions to accelerate decarbonisation in asset-heavy industries.

Renowned for pioneering deep carbon emission counting, our products are secure, reliable, and easy to use.

We tackle data management and advanced analytics challenges, enhancing user experiences with a holistic product design approach.

Our technologies transform your data assets into a steady stream of measurable value.

Contact details:

Michael Morgan

M: 0438822663




More from this category

  • Community, Energy
  • 20/05/2024
  • 13:57

Media Release: Helen Haines backs Local Energy Hubs for regional communities

For immediate release 20 May 2024 RE-Alliance welcomes news independent MP Helen Haines has backed Local Energy Hubs as a way to deliver accurate information about the energy shift to local communities. RE-Alliance, which works with regional communities as they navigate the energy shift, said Local Energy Hubs would be physical information centres staffed by experienced local experts. They could inform local people about local renewables and transmission projects; household and farm business electrification and battery storage; electric vehicles; offshore wind projects and more. RE-Alliance National Director, Andrew Bray, said local experts relaying accurate information to their communities was the…

  • Energy, Federal Budget
  • 20/05/2024
  • 11:54
Adrian Merrick, Founder of Energy Locals

Our thoughts on the Government’s $300 power rebate

Last week’s Federal Budget brought with it some interesting news: starting July 1, 2024, every Australian household will enjoy a $300 rebate on their energy bills, which we’ll automatically apply to reduce your costs. At Energy Locals, we’re thrilled to see Australians receiving a bit of financial breathing room after the heavy cost-of-living pressures we've all faced. However, we question whether this rebate truly tackles the root causes of high energy prices. Most of the rises in Australia’s energy costs in the past few years stem from higher wholesale power costs. Power station operators, which includes the ‘big 3’ energy…

  • Business Company News, Information Technology
  • 17/05/2024
  • 11:37
UNSW Institute for Climate Risk & Response

How AI can revolutionise the global fast fashion industry

New research shows artificial intelligence (AI) can reduce fast fashion's carbon footprint by improving supply chain efficiencies. The fast fashion industry is one of the world’s biggest polluters. Employing some 75 million people and valued at over US$2.5 trillion (A$3.8 trillion), it is responsible for about 10 per cent of global carbon emissions. The evidence is clear: the industry must embrace more sustainable business practices. The findings of a new study, co-authored by the UNSW Institute for Climate Risk & Response, have shown that AI-driven technologies can be harnessed for climate action and significantly advance environmental and market performance. The…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.