ELFA - Equipment Leasing and Finance Association - Equipping Business for Success

Alfa Announces Free Scope 3 Emissions Reporting

Posted 09/15/2023

Alfa, the makers of Alfa Systems - the first-choice software platform for providers of asset finance, worldwide - has announced new functionality to help its customers track and report their portfolios’ Scope 3 greenhouse gas emissions.

A complementary add-on for current and prospective Alfa customers, Scope 3 Reporting in Alfa Systems measures emissions at the asset level, based on published emissions data and actual or predicted usage, and is available for reporting or extraction from the Alfa Systems reporting database.

Aimed at CFOs, data reporting teams and customer service reps, users can track all of the emissions-producing assets in a portfolio, over usage periods or the life of a contract. They can update usage automatically via web services, and retrieve published emissions data for classified assets. This applies to a diverse range of portfolios, including plant, machinery and construction, as well as ICE, EV, and hybrid vehicles.

Emily Hammond, Alfa’s Head of Product, said: “Alfa has a strong green heritage, and we’re looking to provide solutions as the industry transitions to Net Zero. The new functionality will help our customers meet published and future regulatory requirements around reporting financed emissions from motor vehicle loans of all types - tractors and trucks, as well as cars - and equip them to make smarter, more sustainable decisions.”

Scope 3 emissions are those up and down the value chain for which the financier is indirectly responsible - such as those comprising a portfolio of financed assets. While Scope 3 reporting isn’t yet a mandate in the US, it is a requirement of the Science Based Targets initiative (SBTi)’s global Net Zero standard. From 2025, companies in Europe will be required to report Scope 3 emissions across their value chain.

Read more at alfasystems.com/ghg or the Greenhouse Gas Protocol.


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About Alfa

Alfa has been delivering systems and consultancy services to the global asset and automotive finance industry since 1990.

Our best practice methodologies and specialised knowledge of asset finance mean that we deliver the largest and most complex systems transformation projects. With an excellent delivery history of more than three decades in the industry, Alfa’s track record is unrivalled.

Alfa Systems, our class-leading technology platform, is the heart and lungs of some of the world’s largest and most progressive asset finance providers. Satisfying leasing software requirements of all sizes, the cloud-native Alfa Systems represents an integrated point solution, a rapid off-the-shelf implementation, or an end-to-end platform for the complex global enterprise.

Alfa Systems supports both retail and corporate business for equipment, automotive, wholesale and dealer finance, including originations, servicing and collections. It manages both high-volume transactions and complex leases and loans, in any region, language and currency. Fully extensible and providing real-time insights, integrated workflow and business rules, alongside business decisions driven by machine learning, the opportunities that Alfa Systems presents to asset finance companies are clear and compelling.

With over 30 current clients and 38 countries served, Alfa has offices all over Europe, Australasia and the Americas. For more information, visit us at alfasystems.com or on LinkedIn.


Related Resource alfasystems.com/ghg
Kirsten Fleming
Alfa Financial Software Inc
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