Two major updates for spend-based emissions calculations coming to Avarni in the coming days!
Transparent currency conversions & sources
Choose between three sources of currency conversion rates for your organisation’s spend-based calculations:
- US Federal Reserve
- Reserve Bank of Australia
- International Monetary Fund
Currency conversion rates & their source will appear right alongside the input amount and emissions on the emissions hub, as well as when data is exported to excel, ensuring you have a full audit trail for the conversion rates and where they came from.
If you’d like to see more sources of currency conversion rates, please get in touch.
Automatically applied inflation rates
This highly requested feature is almost here. Spend-based factors must have an inflation rate applied to them when the year of an activity doesn’t match the year of the factor. Otherwise, the final emissions amount may be misrepresented, particularly if inflation rates were high between the two years.
Avarni will now automatically apply inflation rates to spend-based calculations where the factor years do not match the activity years, based on the inflation rate of the country assigned to the activity. The source of these rates, as well as their values, will also be displayed on the emissions hub & on excel exports prominently, to assist with audit-ability.
