This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2024 Wave 2 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2024 Wave 2.
The 10th of the new functionality in the Legislation section is enable Internal Carbon Fee calculation in Sustainability.
Motivate your business, or individual business units, to reduce carbon emissions by setting up carbon fees for greenhouse gas emissions.
Enabled for: Users, automatically
Public Preview: –
General Availability: Oct 2024
Feature Details
Companies can set up an internal fee that they charge themselves for each unit of carbon they emits. An internal company carbon fee is a fee that a company charges itself for each unit of CO2 that it emits. The purpose of the fee is to encourage the organization to reduce its carbon footprint and be more environmentally sustainable. By putting a price on carbon emissions, the company or individual organizational units are motivated to find ways to reduce emissions and save money.
Organizations can set their carbon fee, and fees for other greenhouse gas (GHG) emissions, by scope type or use a flat fee across scopes. GHG fee calculation should include allocations by Country/regions and by Responsibility Centers.
Administrators can enable carbon fee (or other GHG fees) calculations using the GHG Fees field on the Sustainability Setup page. Afterward, Business Central automatically calculates the fees when posting sustainability journals, or you can run a manual action. The fees are posted to the Sustainability Ledger Entry page, where they’re available in the Emission Fee field.
To use this functionality, you must set up fees on the Emission Fees page, where you can specify the GHG emissions you want to use in calculations and the emission fee amount. You can also use a recalculation model to calculate all fees in a carbon equivalent.