Eviota | Green Deal Data Observatory

Sustainability measurement and reporting for the CFO

Fri, 10 Mar 2023 11:00:00 +0100

The Eviota project aims to create sustainability reports connected to the financial accounts of companies, NGOs, and civil society actors. The first phase concentrates on greenhouse gases and air pollutants. We want to create reliable estimates of the carbon and other pollutants footprint of music-related (social) enterprises based on their spending (“connected financial and sustainability reporting”.)

Reporting the impacts of the entire value chain.

16:30: Meet and greet
17:00: Short presentation
17:15: Discussion of your reporting

The discussion will be based on the accounting documents sent to us in advance. We will create a first version of a simplified sustainability report about your music or film company (for profit, or non-profit.) we will not share any financial information in the meetup, only visualizations of risk heatmaps, and common reporting and sustainability problems.

Why connect to your accounting software?

The accounting system already records all those economic events that may have an impact on how your company, directly or indirectly, causes greenhouse gas emissions, uses precious water, or may help to close (or, accidentally, widen) the gender pay gap.

As soon as the modification of the EU accounting directive take effect, you will have to connect your financial accounts to your sustainability reporting.

No extra management time is needed: it is already recorded by every company’s accountant. The general ledger is recorded by your accountant. We start from the annual summary of supplier and buyer ledgers, or the trial balance that has this information.
It is not subjective. It states exactly what you were spending on.
It is more or less standardized across Europe—and almost all countries of the world, with the exception of the U.S. and some other countries. It is easy to reconcile with US GAAP based documents.
We need to use the same working document that your accountant uses to maintain an important objectivity criterion: connectivity.

This way your annual report will be consistent, if you say in the financial part that you spend 1000 euro on energy, then we will calculate the greenhouse gas emissions based on KWh volume of the the energy that cost you 1000 euros.

New trends in controlling: the strategic and digital challenge

Wed, 08 Mar 2023 16:30:00 +0100

Reporting the impacts of the entire value chain.

16:30: Meet and greet
17:00: Short presentation
17:15: Discussion of your reporting

Why connect to your accounting software?

As soon as the modification of the EU accounting directive take effect, you will have to connect your financial accounts to your sustainability reporting.

No extra management time is needed: it is already recorded by every company’s accountant. The general ledger is recorded by your accountant. We start from the annual summary of supplier and buyer ledgers, or the trial balance that has this information.
It is not subjective. It states exactly what you were spending on.
It is more or less standardized across Europe—and almost all countries of the world, with the exception of the U.S. and some other countries. It is easy to reconcile with US GAAP based documents.
We need to use the same working document that your accountant uses to maintain an important objectivity criterion: connectivity.

Sustainability measurement and reporting for the CFO - the case of the music and film industries

Wed, 08 Mar 2023 15:00:00 +0100

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🖱 Highlighted text: clickable link (to our project page.)

Introduction 2. Our Approach 3. Main Features 4. Connected Financial and Sustainability Reporting 5. Why are we developing it? 6. Is There a Film/TV Industry Version? 7. Questions

Introduction

Timeline

2019: European Green Deal and Sustainable Finance Disclosures Regulation.

2020: 2030 EU climate target (-55%); EFRAG to standardize connected financial and sustainability reporting (IFRS, GRI, SASB/IIRC, TCFD, WICI, UN).

2021: Strategy for financing the transition to a sustainable economy; CSRD announced (changes in EU accounting and audit law); Reprex Eviota concept based on our iotables 0.4.7, which was updated with environmental impact analysis.

2022: EU Taxonomy (“Climate Delegated Act” see: FAQ). Reprex Music Eviota with MusicAIRE and wins Hague Innovators Award Audience Prize; Horizon Europe Research & Innovation winner.

Future Timeline

2023: Corporate Sustainability Reporting Directive (CSRD); first 50,000 companies apply the new rules for the financial year 2024 (report in in 2025.) Investors, banks, insurance companies, granting organizations, corporate donors, even audiences want to see more and more proof of conducting sustainable business.

2024: CSRD for the first 50,000 companies.

2025: First mandatory connected reporting for 50,000 large companies and listed SMEs.

2026: The European Commission plans to extend the EU taxonomy to six environmental objectives and rules for about 50,000 companies by 2026. Many small companies will have to make mandatory disclosures and reporting.

Sustainability Reporting Architecture

Our approach

Cultural & Creative Sectors Industries Approach

Main Features

Connected Financial and Sustainability Reporting

In 2020 the European Commission requested technical advice, mandating the European Financial Reporting Advisory Group, EFRAG, to undertake preparatory work for the elaboration of possible EU non-financial reporting standards in a revised EU Non-Financial Reporting Directive (i.e., harmonizing financial reporting and audit with connected sustainability reporting) within the framework of the European Green Deal sustainable finance package and the Corporate Social Responsibility Directive.

Ongoing Standardization

🖱 Link: EUROPEAN LAB – Project Task Force on Preparatory Work for the Elaboration of Possible EU Non-Financial Reporting Standards

Why Are We Developing Eviota for Music?

CSRD/EFRAG Timeline in the EU

Is There A Film Industry Version?

Yes, it is coming! Ask for a demo on Email | Keybase | LinkedIn.

Questions?

Ask: Email | Keybase

LinkedIn: Daniel Antal | Reprex

Data Observatory Labs

Thu, 02 Mar 2023 13:40:00 +0100

Check out our slides. We are still looking for certain partners.

We want to build a network of Innovation Labs, connecting labs and businesses that bring these novel scientific and innovation results nearer to civil society actors, individual creators, and microenterprises in services. We bring data-, sustainability-, rights management innovation, and novel distribution models nearer to the grassroots level of creation. We want to transform scientific and technical development into business development available for small creative organizations without a data engineering/science function.

Table of Contents

WP 1 Coordination

Reprex aims to coordinate this project with a dedicated, experienced Creative Europe project manager who is familiar with the music and audiovisual creation.
Because of the project size and subsidy rate (60%) every partner must contribute to financing WP Project Coordination in proportion to their effective subsidies.

WP Survey Recycling

Utilize the survey harmonization and recycling tools developed in music to be available for film, television, photography, and book publishing users.
Extend harmonized question banks, and remove interoperability and semantic barriers to reuse data from previous audience and policy surveys for these CCSIs.
Subsidize the initial costs in use to transfer from non-reusable market research to reusable, collaborative market research.

WP Heritage Reuse

Utilize the best practices from music archives, film archives, and private photography archives to remove copyright law, ethical, interoperability, and semantic barriers to mix archival/heritage and new content in music, film, and photography (including in books.)
Create a special-purpose record label and audiovisual distributor that specializes in difficult, out-of-commerce/archival/commercial derivative work distribution on global streaming platforms.
Build a best practice for the legal and ethical public performance of derivative works that are made from archival/heritage (which were not deposited with the intent to be commercially used or widely circulated) and new creations.

WP AI & Big Data That Works For Everyone

Utilize the best practices from data feminism, music, and film distribution of niche, marginalized content, and create a general framework that reduces inequalities created by lower data representation (of women, small countries, small languages) that result in new injustice on algorithmic platforms. See publication.
Build new music, film, and photography information services that reduce the data imbalances, and make small language (for example, Estonian) or historically underrepresented (for example, female artists) more likely to be recommended by AI-driven algorithmic platforms such as YouTube, Spotify, or Amazon.
Create open source solutions and open knowledge that enables small, independent music, documentary, photography, and book publishers to build audiences, and monetize content with big data and AI algorithms that work for everyone, not only male artists, English language content, and mainstream works.

Potential partners

Creative enterprises with good YouTube (+Vimeo and other) distribution and rights management track record.
Market research, particularly survey based in film and television.
Services for private collections/collectors.

Who are we?

In 90 secs: conceptual introduction

⚙️/ subtitles/ 🇳🇱 🇬🇧 🇧🇦 🇨🇿 🇭🇺 🇩🇪 🇱🇹 🇫🇷 🇸🇰 🇪🇸 🇹🇷 + Catalan.

Music Eviota

Tue, 28 Feb 2023 11:13:00 +0200

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🖱 Highlighted text: clickable link (to our project page.)

Introduction 2. Our Approach 3. Main Features 4. Connected Financial and Sustainability Reporting 5. Why are we developing it? 6. Is There a Film/TV Industry Version? 7. Questions

Introduction

Sustainability Reporting Architecture

Our approach

Main Features

Connected Financial and Sustainability Reporting

Ongoing Standardization

🖱 Link: EUROPEAN LAB – Project Task Force on Preparatory Work for the Elaboration of Possible EU Non-Financial Reporting Standards

Why Are We Developing Eviota for Music?

CSRD/EFRAG Timeline in the EU

Is There A Film Industry Version?

Yes, it is coming! Ask for a demo on Email | Keybase | LinkedIn.

Questions?

Ask: Email | Keybase

LinkedIn: Daniel Antal | Reprex

LineCheck, Milano, IT

Thu, 24 Nov 2022 15:15:00 +0000

Table of Contents

Green Deal, this time for real

Daniel Antal, co-founder of Reprex will participate in the panel about on Thursday, November the 24th at 3.15pm about environment and sustainability in the music industry and introduce Eviota, our simplified, connected financial and sustainability reporting tool.

At LineCheck X, you can find out more about our projects

You can get a free, total value chain based sustainability report. (Get in touch with us before 18 November)
We will demonstrate how you can eradicate packaging waste from your music events by making the packaging edible.
And you can find out how we are trying to find where energy is going down the sewage, literally, with Thermowatt and the Green Deal Data Observatory.

Beta test our sustainabilitiy reporting tool

We are looking for beta testers for our simplified sustainability report that is made from your trial balance. We sign and NDA about your accounting data if you test with us, and you can test with older data, too. Beta testing is free.

Our solution benefits the music MSMEs and CSOs in several ways:

The European Commission estimates that the cost of connecting sustainability and finanical reporting will cost on average €10,000 for corporations. We want to bring down the voluntary reporting costs for MSMEs below €500 euro to benefit from green loans, green insurance and other green financing.
It provides them with a size adequate sustainability management and reporting tool that helps first the management of greenhouse gas emissions, and later sustainable water use, pollutions, biodiversity, and recycling in their entire value chain (for example, it flags environmental risks in the supply base of a festival including equipment rentals, transport, security firms, catering facilities, etc.) by connecting standard accounting documents of the MSME with SNA and EEA science based benchmarks.
Our system will be extendible to management of social sustainability. We are also showcasing harmonized gender inequality data collection with our other project (see below.)

Digital Music Observatory: survive in the music business without a data engineer

⚙️/ subtitles/ 🇳🇱 🇬🇧 🇧🇦 🇨🇿 🇭🇺 🇩🇪 🇱🇹 🇫🇷 🇸🇰 🇪🇸 🇹🇷 + Catalan. If you are there, please leave a 👍, too :)

We will introduce Surveyharmonies, a survey recycling and survey harmonization tool. You can participate in our international gender bias survey in January 2023. Our team will also participate in the KeyChange Creative Lab on Friday, 25 November at 11.00.
You can learn about our Listen Local project, which helps local music ecosystems remain visible on global platforms.
We will offer you a cup of tea or coffee in an edible cup.

Harmonizing surveys on gender (in)equaliaty

You can create better surveys with less cost: you only need to ask the information, or change of information, that is not included in our harmonized datasets. Shorter, better questionnaires, smaller samples sizes, huge cost savings.
When you make questionnaire-based research, you immediately get a history (the same question asked years ago) and an international comparison (the same question asked in other countries.)
Often you do not even have to pay for the survey, because somebody else has already made a similar taxpayer funded research and we can just get the data for you.

Survey harmonization is a powerful research tool to increase the usability of questionnaire-based empirical research. Read more on our blog.

Reprex

Wed, 21 Sep 2022 16:00:00 +0200

Big Data Creates Inequalities

Only the largest corporations, best-endowed universities, and rich governments can afford data collection and processing capacities that are large enough to harness the advantages of AI.

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Big data that works for all

Reprex: No matter how big is the problem or how small is your team, we fill your reports, dashboards, newsletters, books with data and its visualization.

Connected financial and sustainability reporting based on open data

Eviota: We map your material impacts in your value chain and connect it with environmental or social data that is re-used from the public sector.

Data problems: Reprex

Most SMEs, and civil society organizations do not have a data scientist/engineer in their team, maybe not even an IT person or a HR professional to make such a hire.
When these organizations must solve novel problems, like connecting their financial accounts with environmental and social impact data or connecting to automated transaction systems (like in music), they need novel solutions that do not require managing a database within their organization.

Data problems: Eviota

Most SMEs, and civil society organizations do not have a data scientist/engineer in their team, maybe not even an IT person or a HR professional to make such a hire.
To access green bank loans, insurance products, subsidies, or investments, or to keep track of their sustainability goals in line with the Paris Accord or gender equality plan, organizations must connect their accounting system to external environmental data. We connect their accounts with impact estimates from reliable scientific sources.

Data problems (examples)


	The cost of questionnaire-based market research (survey) is increasing exponentially and offers mediocre results without an enormous question bank and harmonization with other surveys.(See 🖱 blogpost)
	Manual data acquisition is an error-prone and boring task for humans that requires many working hours (often not credited in consultancies, law firms, or research institutes.)
	Wrangling spreadsheet tables or word processor documents by people without data knowledge is the 🖱 data Sisyphus.

Our solution: Reprex

We create data ecosystems with the modernization of the EU/OECD/UN-endorsed 'data observatory' concept. Our data observatory 3.0 uses the knowledge graphs of the web of data.
We acquire and process data on a scale in our data observatories. We acquire and process data on a scale in our data observatories. Our approach significantly reduces the cost of data acquisition and opens invisible, reliable governmental and scientific data sources. We are currently building five observatories, and one of them is already mature enough to be considered for official EU recognition (serving the music industry).
We provide applications, for example, our Eviota application, which connects financial accounts with environmental and social data, and crates reliable indicators and benchmarks for the requirements of the sustainable finance package.

Our solution: Eviota (Non-Financial)

We create data ecosystems with the modernization of the EU/OECD/UN-endorsed 'data observatory' concept. Our Green Deal Data Observatory uses the knowledge graphs of the web of data and gives access to reliable, often unseen, hard-to-access ESG data sources.
We acquire and process data on a scale in our data observatories. Our approach significantly reduces the cost of data acquisition and opens invisible, reliable governmental and scientific data sources.
We provide applications, for example, our Eviota application, which connects financial accounts with environmental and social data, and crates reliable indicators and benchmarks for the requirements of the sustainable finance package. Unlike our competitors, we can serve SMEs, too, at a competitive cost.

Our solution: Eviota (For Banks)

We create data ecosystems with the modernization of the EU/OECD/UN-endorsed 'data observatory' concept. Our Green Deal Data Observatory uses the knowledge graphs of the web of data and gives access to reliable, often unseen, hard-to-access ESG data sources.
We acquire and process data on a scale in our data observatories. Our approach significantly reduces the cost of data acquisition and opens invisible, reliable governmental and scientific data sources.
We provide applications, for example, our Eviota application, which connects financial accounts with environmental and social data, and crates reliable indicators and benchmarks for the requirements of the sustainable finance package. We are validating our product in the regulatory sandbox of a central bank to show that we provide a cost-effective solution to many regulatory problems opened by the new [sustainable finance package of the EU](https://finance.ec.europa.eu/publications/sustainable-finance-package_en).

UNIIQ

Objectives, including product roadmap (technology/time/money)
Schematic overview of developments since inception

Market

Competition

Know-how and integration of open source components

Reprex has a special know-how to map and connect private datasets managing the boundaries of organizations that often have conflicting interests. Our know-how was developed over 10 years, and the data of about 60, often conflicting music industry actors in 12 countries.
Our team has many years of experience with working public sector information reuse, or 'open data', and have built reliable open source software to process legally open, not readily downloadable, and very valuable information that is not available for market vendors.
We use RDF (linked open data) and other technologies to link scattered small data to big data; we use our own R libraries to test and process various data into reliable statistical data or indicators.
Based on our unique data access and software we are developing the Eviota App to connect financial accounts and environmental, social and governance data.

Team [rewrite with GDO]


	The two co-founders, 🖱 Daniel Antal, CFA and 🖱 Andrés García Molina, PhD, and the core team manage the ecosystems’ development, develop knowledge management, and direct the software development. 🖱 Team on full screen
	Each observatory has a broader team of users, data and knowledge curators, and developers. The most developed 🖱️ Digital Music Observatory has 16 institutional users and a team of about 20 music and data professionals. The newer observatories have a smaller, initial service development and data curatorial team.

Timeline

Inception: Yes!Delft AI+Blockchain Product Market Fit Validation with the Digital Music Observatory
New observatory development started with computational antitrust, ESG reporting, and
Several, peer reviewed software releases
DMO has more than 20 curators, 3 million euro budget for 3 years, increasing user base.
Eviota and the Green Deal

We are part of rOpenGov and have access to very special knowledge working with national accounts data and ESG data used by governments to keep track with the Paris Accord. We can access data cheaper, faster, better than our competitors.
We have a know-how to manage conflicts of interest and very complex data use rights.

Data observatories 3.0

Reprex is offering shared data ecosystems. Our observatories are great solutions for organizations without a data specialization:


🌳 Organizations that cannot afford to build a large enough data team to sustain consistent, extensive data collection and processing (many large institutions and companies)
🪴 Who cannot hire even a single data engineer or a data scientist (medium-sized companies, NGOs)
🌱 Who do not even have a permanent IT function (about 2 million European small enterprises and civil society organizations)


	The European Union, the World Bank, OECD, and UN have facilitated the creation of more than 80 so-called ‘data observatories’ to help companies, researchers, NGOs, and governments systematically collect data and knowledge.
	We are currently building one prototype for the European Music Observatory financed by the European Union and music industry players (cc 3-4 million euros.) We would like to take over existing or start new observatories in 2 years at least 5)
	Our observatories are competitive, because they use high-quality open source scientific software; they exploit the new Data Governance Act and Open Data Directive, deploy web 3.0 data synchronization, and offer great value-added research products.

Platform products	Value added data applications
The European Union, the World Bank, OECD, and UN have facilitated the creation of more than 80 so-called ‘data observatories’ to help companies, researchers, NGOs, and governments systematically collect data and knowledge.	The different observatories offer different types of knowledge products, such as statistical yearbooks, various apps, and database access.
Most of them use web 1.0 technologies, inefficient knowledge accumulation. Already 20 of them have been discontinued.	We are developing software solutions that exploit our platforms: we harmonize surveys, statistical data, automate research reporting, elements of market monitoring or ESG reporting.
We are currently building one prototype for the European Music Observatory financed by the European Union and music industry players (cc 3-4 million euros.) We would like to take over existing or start new observatories in 2 years at least 5)	Each observatory gives us intimidate customer access to 3-4 large universities, 1-2 large consultancies, and various specialist institutions.

Marketing strategy


	Buma/Stemra like copyright management agencies, music export offices, festivals and venues, University of Amsterdam, Sant’Anna, Economic University of Bratislava, ministries of culture, grant agencies.
	University of Amsterdam, Europeana, Sant’Anna, Hungarian Film Fund
	Connected financial and sustainability reporting: bank consultancies, big four audit companies, large environmental NGOs.
	Antitrust agencies, law firms, economics consultancies working with mergers and other competition related issues.

Target market size


The observatory platforms usually have a build-up cost of about 3-5 million euros and an annual running costs of 0.1-3 million euros.	We hope to gain at least 10% global market share on the observatory platform management market to pay our basic data science team and R&D.
Our existing observatories give us access to the market and public surveying markets (cc € 30-40 bn in the developed nations), particularly to its software component (€ 10 billion euros).	retroharmonize integrates pre-existing questionnaire-based surveys and new surveys. We see interest from the biggest global players.
Our existing observatories gave us access to environmental impact assessment and currently we build an ESG reporting tool with a central bank, a value bank, and a big four company.	Connected ESG reporting has a €4 bn market in the EU alone, and our Eviota product is very competitive. Due to regulatory pressure, we can harvest a decent share if we are able to attract venture capital.

The observatory platforms usually have a build-up cost of about 3-5 million euros and an annual running costs of 0.1-3 million euros.

We hope to gain at least 10% global market share on the observatory platform management market to pay our basic data science team and R&D.

Our existing observatories give us access to the market and public surveying markets (cc € 30-40 bn in the developed nations), particularly to its software component (€ 10 billion euros).

retroharmonize integrates pre-existing questionnaire-based surveys and new surveys. We see interest from the biggest global players.

Our existing observatories gave us access to environmental impact assessment and currently we build an ESG reporting tool with a central bank, a value bank, and a big four company.

Connected ESG reporting has a €4 bn market in the EU alone, and our Eviota product is very competitive. Due to regulatory pressure, we can harvest a decent share if we are able to attract venture capital.

Team


	The two co-founders, 🖱 Daniel Antal, CFA and 🖱 Andrés García Molina, PhD, and the core team manage the ecosystems’ development, develop knowledge management, and direct the software development. 🖱 Team on full screen
	Each observatory has a broader team of users, data and knowledge curators, and developers. The most developed 🖱️ Digital Music Observatory has 16 institutional users and a team of about 20 music and data professionals. The newer observatories have a smaller, initial service development and data curatorial team.

Traction


💻 Our free scientific software products have a steadily growing user base (several thousand users globally.)
📈 We are able to convert this to paying research automation services at a higher growth rate.
🚀 We won four competitive tenders this year, but we feel that the slow tendering/acquisition/cash cycle is hampering our growth, we see far more opportunities that we can serve. Therefore we are looking for investors.

Funding


We have a good track record in EU tenders, but we would like to build up this reputation in the Netherlands, too, mainly for new platforms.
We help our non-profit users, such as cultural heritage organizations, music export offices, collective rights management agencies to get funding to use our platforms and services
Our for profit-users need a more polished, user-friendlier front-end. Some are interested in joint ventures (like exploiting our survey capabilities). Venture capital would be preferred, as demand outstrips growth.

Do it Smarter

They usually do not exchange standard data with statistical agencies, they are not synchronized on knowledge graphs of the Europeana or national libraries, and their research output is usually not to be found on open science repositories.
The Hague is the winner of the World Smart City Award 2021, and we would like to attract the planned European Music Observatory and other, EU/UNESCO recognized institutions into the town building on the innovations of Reprex and the ecosystem of the Hague.

Questions?

Email | Keybase

LinkedIn: Daniel Antal - Reprex

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Eviota

Tue, 30 Aug 2022 13:52:00 +0200

Reporting the impacts of the entire value chain.

Our minimum viable product will create sustainability reports (or report components) for greenhouse gases and sustainable water use with applying the Global GHG Accounting & Reporting Standard for the Financial Industry and EFRAG’s proposed concept on connecting European accounting standards and information with sustainability. We will help small music organizations in their sustainability reporting, where detail data and reporting standards are only available for greenhouse gas emissions. The Music Eviota project is supported by the MusicAIRE.

Open collaboration

Our project is based on open collaboration. Our proposal, if funded, will provide us with resources to supply further music businesses, music civil society organizations and researchers with high-quality data (during the duration of the project for free.) We are already looking for interested parties to put our data and research projects into use and validate their usability and quality in real-life policy or business development scenarios.

Why are we developing this service?

The European Green Deal, which includes the proposed Corporate Sustainability Reporting Directive, and the sustainable finance package, aims to set the European economy on a permanent decarbonization and sustainability increasing path with adjusting the rules how economic activities are financed by bank loans, insurance, investments, and direct subsidies. From 2023, it will be cheaper to get loans, insurance, and other types of funding for organizations that can prove that they follow the environmental, social and governance path set out in the Paris Agreement and other UN, OECD, and EU agreements.

Requirements for connecting financial and sustainability reporting.

Correct and reliable sustainability management will come with many financial advantages and increased responsibility. The European Financial Reporting Advisory Board is currently preparing the new combined financial and sustainability reporting standard that will be used in banks, insurance, investment, granting, and the large companies of Europe in their entire supply and purchaser chain. The European Commission estimates that compliance costs until the end of 2023 will amount to 4 billion euros, with reporting and auditing costs mounting 10,000 euros per organization. While music small and medium sized organizations (MSMEs) and limited liability civil society organizations (CSOs) will be exempted from mandatory sustainability management and audited reporting, they can still comply in a non-audited and voluntary way.

Our solution benefits the music MSMEs and CSOs in several ways:

It provides them with a size adequate sustainability management and reporting tool that helps first the management of greenhouse gas emissions, and later sustainable water use, pollutions, biodiversity, and recycling in their entire value chain (for example, it flags environmental risks in the supply base of a festival including equipment rentals, transport, security firms, catering facilities, etc.) by connecting standard accounting documents of the MSME with SNA and EEA science based benchmarks.
Our system will be extendible to management of social sustainability. Our previous research shows that particularly the live music industry that needs a large workforce, suffers from underuse of, and discrimination of female workers in various technical and even managerial roles. Our system will be able to flag risks of gender paygap and related issues in the entire value chain and of course, provide good benchmarks for internal activities.

Our review of the environmental, social and governance risk management (ESG sustainability management) suggests that complying with ESG standards is not only a pre-requisite to get cheaper loans (less important) and cheaper insurance (very important in live music), but also a requirement by corporate sponsors of events, and even a large part of the audience. While some music organizations already provide sustainability reporting, they are not standardized and are less factful as they are not connected to accounting information at every point. Our solution aims to give much credibility to both the sustainability reports and non-financial disclosures of the financial reports (which are not mandatory for MSMEs but increase their trustworthiness on an elective basis if they are included.)

Growing interest for ESG in select countries.

Music Eviota

Thu, 09 Jun 2022 09:40:00 +0100

Reporting the impacts of the entire value chain.

Creating connected sustainability reports has many advantages.

It shows consumers, donors, and buyers that the company cares for sustainable growth.
The organization can ask for grants related to increasing sustainability.
In the EU, the company will be eligible for cheaper green loans, green insurance, and green investments.
Large corporations, including music event donors, may require their supply chain to produce credible sustainability metrics.

There are some difficulties that we want to overcome in this project.

Connected financial and sustainability reports are complex, they require plenty of data, and mandatory only for ’large’ corporations. Just like small companies can make ‘simplified tax returns’ and ‘simplified financial reports’, we aim to create a less complex and cheap simplified, connected financial and sustainability report.
Due to the high complexity, they take a long time to create and are costly: the European Commission estimates their total cost at €10,000.

In Europe, there are a handful of large organizations present in the music industry. So, there is no regulatory push for music enterprises to engage in sustainability reporting. However, this means that they cannot benefit from the advantages above.

Table of Contents

Our approach

Most sustainability calculators are very complex because they use many data inputs from the company. Our mission is to reduce the complexity; however, this would require plenty of experience to define the shortcuts. We will compare all spending (upstream value chain or suppliers) and all income (downstream value chain or buyers) to the know spending of all similar organizations in your country in the comparison year.

To reduce the data need, we only take into consideration cost/income groups that meet the financial materiality treshold, i.e. 3% of your total costs or total business-to-business sales.

We offer free, manual calculation in the first phase to ensure we define these simplifications well. To reduce the time needed to collect data about your purchases and sales, we will rely on a part of the “trial balance”, because this is available in your accounting system (and can be exported by your accounting software.) The trial balance is an annual summary of the general ledger accounts. We need only the expenses and revenues accounts, and do not need assets, liabilities, gains and losses.

A part of a fictitious Italian trial balance with Italian and English language labels. The blurred numbers are randomized from an actual trial balance and presented in a different currency than the original.

Why the trial balance?

We start from a document that every company has, and does not require extra management time to prepare, the so-called trial balance. This is an accounting document that can be obtained from the company’s accountant.

A trial balance is a report that lists the balances of all general ledger accounts of a company at a certain point in time. The accounts reflected on a trial balance are related to all major accounting items, including assets, liabilities, equity, revenues, expenses, gains, and losses. It is primarily used to identify the balance of debits and credits entries from the transactions recorded in the general ledger at a certain point in time.

No extra management time is needed: it is already recorded by every company’s accountant. The general ledger is recorded by your accountant. We do not need the ledger, only the annual account summaries of revenues and expenses.
It is not subjective. It states exactly what you were spending on.
It is more or less standardized across Europe—and almost all countries of the world, with the exception of the U.S. and some other countries.
We need to use the same working document that your accountant uses to maintain an important objectivity criterion: connectivity. This way your annual report will be consistent, if you say in the financial part that you spend 1000 euro on energy, then we will calculate the greenhouse gas emissions based on KWh volume of the the energy that cost you 1000 euros.

This way we avoid a lot of data entry into the calculator. At this stage, you we do not offer an uploader, because we want to test manually different trial balances before automating the uploading process.

How does it work?

In the future, we hope our calculator will ask the user to upload the trial balance to a secure location, answer a few questions, and get the sustainability report back. Because the trial balance has no strictly defined form (it differs between small, very small, and medium-sized companies, and country to country), we need to do some manual reporting to standardize this procedure.

We use the trial balance (see examples of a trial balance), because that is a standard document that your accountant has about all your purchases and all your sales.

We compare your company’s supply purchases and sales with all similar companies in your country and industry for the comparison year. In this example, we compare the data of Hungarian publisher’s GHG emissions using the purchases in its trial balance with the emissions of all Hungarian publishers (based on their data reported to the tax authorities) in 2020.

Currently your accountant creates two documents, which are binded together and published by law in one “book”, your (Simplified) Annual Report. In Europe, all micro- and small companies create a Simplified Annual Report.

the annual (simplified) balance sheet
the annual (simplified) profit and loss statement

Using exactly the same data, i.e. the “trial balance”, and adding sustainability data, we will create a third document: 3. The annual (simplified) sustainability report, which is a non-financial disclosure of the annual report.

Process: From your data to the final report

We sign a non-disclosure agreement.
You send us your trial balance.
We create a first draft of your carbon footprint. We categorize your suppliers (costs) and buyers (income) into 64 categories for which we have reliable data. See methodology below.
Most of our calculations are made with iotables, our scientific and open source software. We rely on open data from the Green Deal Data Observatory, which in turn processes reliable data of Eurostat and the European Environmental Agency in readily usable format. The use of open source reporting tools and open data helps keep our costs low.
We set up a short call with you and your accountant to make some clarifications.
We provide you the final report.

What is the report?

The report is technically a non-financial disclosure (NFD) of your annual financial report, which currently consists of the balance sheet, the profit and loss statement. You can add an optional sustainability report as a third part.

The making of an NFD is not mandatory for small- and medium sized companies and NGOs that usually produce simplified financial reports.
It is two paragraphs of factual text, accompanies with a table and chart about how much greenhouse gases (or other pollutants) are created by your activities.
A sustainability report is a first step to factual sustainability management and avoiding greenwashing. When you know factually how your activities (including purchases from your suppliers) cause greenhouse gas emissions (or contribute to the gender paygap), you can devise steps to reduce your negative impact, or increase your positive impact.
We work with reliable expert advice so that you can act in a credible way, and make credible promises to your customers, your audience, your donors, granting agencies, bank, insurance, or investors.

Methodology

We follow the CPA classification for your suppliers and corporate buyers. See Statistical Classification of Products by Activity Some categories, like B MINING AND QUARRYING are aggregated, i.e. we cannot make a distintion among various mining activities. In service industries this is not required.
We use the same data for comparators that states use to monitor the Paris Accord. We use the categories of the System of National Accounts, which is harmonized on the level of the EU and the level of the UN. In 2022 we only work with EU and candidate countries that follow the EU version, and we’ll adjust our software in 2023 for the rest of the world.
Our sustainability methodology is based on the Global GHG Accounting & Reporting Standard for the Financial Industry.
We follow the EFRAG’s Proposals for a Relevant and Dynamic EU Sustainability Reporting Standard Setting (pdf download) because this will be the basis of future, mandatory reporting standards in Europe.
We will help small music organizations in their sustainability reporting, where detail data and reporting standards are only available for greenhouse gas emissions.

The Music Eviota project is supported by the MusicAIRE.

Open collaboration

Our project is based on open collaboration. Our proposal, provides us with resources to supply further music businesses, music civil society organizations and researchers with high-quality data (during the duration of the project for free.) We are already looking for interested parties to put our data and research projects into use and validate their usability and quality in real-life policy or business development scenarios.

Why are we developing this service?

Requirements for connecting financial and sustainability reporting.

Our solution benefits the music MSMEs and CSOs in several ways:

It provides them with a size adequate sustainability management and reporting tool that helps first the management of greenhouse gas emissions, and later sustainable water use, pollution, biodiversity, and recycling in their entire value chain (for example, it flags environmental risks in the supply base of a festival including equipment rentals, transport, security firms, catering facilities, etc.) by connecting standard accounting documents of the MSME with SNA and EEA science based benchmarks.
Our system will be extendible to management of social sustainability. Our previous research shows that particularly the live music industry that needs a large workforce, suffers from underuse of, and discrimination of female workers in various technical and even managerial roles. Our system will be able to flag risks of gender paygap and related issues in the entire value chain and of course, provide good benchmarks for internal activities.

Our review of the environmental, social and governance risk management (ESG sustainability management) suggests that complying with ESG standards is not only a pre-requisite to get cheaper loans (less important) and cheaper insurance (very important in live music), but also a requirement by corporate sponsors of events, and even a large part of the audience. While some music organizations already provide sustainability reporting, they are not standardized and are less factual as they are not connected to accounting information at every point. Our solution aims to give much credibility to both the sustainability reports and non-financial disclosures of the financial reports (which are not mandatory for MSMEs but increase their trustworthiness on an elective basis if they are included.)

Growing interest for ESG in select countries.

Future plans: Social Sustainability and Anti-Bribary

MusicAIRE Green Recovery in the Music Sector

Co-funded by the European Union

The objectives of the MusicAIRE GREEN recovery program is increasing the music sector’s environmental sustainability and ecological awareness with a view to greening the music industry, in particular live acts, festivals and touring, as well as supporting innovative start-ups aiming at decreasing the environmental footprint of online data storing and music distribution.

Co-funded by the European Union

Eviota

Wed, 05 Jan 2022 00:00:00 +0000

The European Union is introducing a ground-breaking accounting standard which will call on about 49,000 enterprises to assess their ‘double materiality’, i.e. both the financial and sustainability impacts of their own activities, as well as those of their buyers and suppliers. Does your company buy cattle or sheep products to produce meat? You must consider the methane emissions of your suppliers. Do you manufacture cars? You must account for the fuel emissions of the buyers and users of your product.

Why Eviota?

We named Eviota after a small fish that lives symbiotically among the tentacles of the mushroom coral. It not only rhymes with our software, iotables, but it refers to the fragile ecosystem of coral reefs: miraculous and beautiful forms of life under threat from global warming. The first step of saving our planet is to objectively detect where your organization’s stakeholders – suppliers, buyers, workers, technology – leave an impact on the environment.

Creating connected sustainability reports has many advantages.

It shows consumers, donors, and buyers that the company cares for sustainable growth.
The organization can ask for grants related to increasing sustainability.
In the EU, the company will be eligible for cheaper green loans, green insurance, and green investments.
Large corporations, including music event donors, may require their supply chain to produce credible sustainability metrics.

There are some difficulties that we want to overcome in this project.

Connected financial and sustainability reports are complex, they require plenty of data, and mandatory only for ’large’ corporations. Just like small companies can make ‘simplified tax returns’ and ‘simplified financial reports’, we aim to create a less complex and cheap simplified, connected financial and sustainability report.
Due to the high complexity, they take a long time to create and are costly: the European Commission estimates their total cost at €10,000.

Table of Contents

Our approach

To reduce the data need, we only take into consideration cost/income groups that meet the financial materiality treshold, i.e. 3% of your total costs or total business-to-business sales.

Why the trial balance?

No extra management time is needed: it is already recorded by every company’s accountant. The general ledger is recorded by your accountant. We do not need the ledger, only the annual account summaries of revenues and expenses.
It is not subjective. It states exactly what you were spending on.
It is more or less standardized across Europe—and almost all countries of the world, with the exception of the U.S. and some other countries.
We need to use the same working document that your accountant uses to maintain an important objectivity criterion: connectivity. This way your annual report will be consistent, if you say in the financial part that you spend 1000 euro on energy, then we will calculate the greenhouse gas emissions based on KWh volume of the the energy that cost you 1000 euros.

How does it work?

We use the trial balance (see examples of a trial balance), because that is a standard document that your accountant has about all your purchases and all your sales.

the annual (simplified) balance sheet
the annual (simplified) profit and loss statement

Process: From your data to the final report

We sign a non-disclosure agreement.
You send us your trial balance.
We create a first draft of your carbon footprint. We categorize your suppliers (costs) and buyers (income) into 64 categories for which we have reliable data. See methodology below.
Most of our calculations are made with iotables, our scientific and open source software. We rely on open data from the Green Deal Data Observatory, which in turn processes reliable data of Eurostat and the European Environmental Agency in readily usable format. The use of open source reporting tools and open data helps keep our costs low.
We set up a short call with you and your accountant to make some clarifications.
We provide you the final report.

What is the report?

The making of an NFD is not mandatory for small- and medium sized companies and NGOs that usually produce simplified financial reports.
It is two paragraphs of factual text, accompanies with a table and chart about how much greenhouse gases (or other pollutants) are created by your activities.
A sustainability report is a first step to factual sustainability management and avoiding greenwashing. When you know factually how your activities (including purchases from your suppliers) cause greenhouse gas emissions (or contribute to the gender paygap), you can devise steps to reduce your negative impact, or increase your positive impact.
We work with reliable expert advice so that you can act in a credible way, and make credible promises to your customers, your audience, your donors, granting agencies, bank, insurance, or investors.

Methodology

We follow the CPA classification for your suppliers and corporate buyers. See Statistical Classification of Products by Activity Some categories, like B MINING AND QUARRYING are aggregated, i.e. we cannot make a distintion among various mining activities. In service industries this is not required.
We use the same data for comparators that states use to monitor the Paris Accord. We use the categories of the System of National Accounts, which is harmonized on the level of the EU and the level of the UN. In 2022 we only work with EU and candidate countries that follow the EU version, and we’ll adjust our software in 2023 for the rest of the world.
Our sustainability methodology is based on the Global GHG Accounting & Reporting Standard for the Financial Industry.
We follow the EFRAG’s Proposals for a Relevant and Dynamic EU Sustainability Reporting Standard Setting (pdf download) because this will be the basis of future, mandatory reporting standards in Europe.
We will help small music organizations in their sustainability reporting, where detail data and reporting standards are only available for greenhouse gas emissions.

The Music Eviota project is supported by the MusicAIRE.

Open collaboration

Why are we developing this service?

Requirements for connecting financial and sustainability reporting.

Our solution benefits the music MSMEs and CSOs in several ways:

It provides them with a size adequate sustainability management and reporting tool that helps first the management of greenhouse gas emissions, and later sustainable water use, pollution, biodiversity, and recycling in their entire value chain (for example, it flags environmental risks in the supply base of a festival including equipment rentals, transport, security firms, catering facilities, etc.) by connecting standard accounting documents of the MSME with SNA and EEA science based benchmarks.
Our system will be extendible to management of social sustainability. Our previous research shows that particularly the live music industry that needs a large workforce, suffers from underuse of, and discrimination of female workers in various technical and even managerial roles. Our system will be able to flag risks of gender paygap and related issues in the entire value chain and of course, provide good benchmarks for internal activities.

Our review of the environmental, social and governance risk management (ESG sustainability management) suggests that complying with ESG standards is not only a pre-requisite to get cheaper loans (less important) and cheaper insurance (very important in live music), but also a requirement by corporate sponsors of events, and even a large part of the audience. While some music organizations already provide sustainability reporting, they are not standardized and are less factual as they are not connected to accounting information at every point. Our solution aims to give much credibility to both the sustainability reports and non-financial disclosures of the financial reports (which are not mandatory for MSMEs but increase their trustworthiness on an elective basis if they are included.)

Growing interest for ESG in select countries.

Future plans: Social Sustainability and Anti-Bribary

MusicAIRE Green Recovery in the Music Sector

Co-funded by the European Union

Eviota | Green Deal Data Observatory

Sustainability measurement and reporting for the CFO

New trends in controlling: the strategic and digital challenge

Sustainability measurement and reporting for the CFO - the case of the music and film industries

Slide navigation

Contents

Introduction

Timeline

Future Timeline

Sustainability Reporting Architecture

Our approach

Cultural & Creative Sectors Industries Approach

Main Features

Connected Financial and Sustainability Reporting

Ongoing Standardization

Why Are We Developing Eviota for Music?

CSRD/EFRAG Timeline in the EU

Is There A Film Industry Version?

Questions?

Data Observatory Labs

WP 1 Coordination

WP Survey Recycling

WP Heritage Reuse

WP AI & Big Data That Works For Everyone

Potential partners

In 90 secs: conceptual introduction

Music Eviota

Slide navigation

Contents

Introduction

Sustainability Reporting Architecture

Our approach

Main Features

Connected Financial and Sustainability Reporting

Ongoing Standardization

Why Are We Developing Eviota for Music?

CSRD/EFRAG Timeline in the EU

Is There A Film Industry Version?

Questions?

LineCheck, Milano, IT

Green Deal, this time for real

Beta test our sustainabilitiy reporting tool

Digital Music Observatory: survive in the music business without a data engineer

Harmonizing surveys on gender (in)equaliaty

Reprex

Big Data Creates Inequalities

Slide navigation

Big data that works for all

Connected financial and sustainability reporting based on open data

Data problems: Reprex

Data problems: Eviota

Data problems (examples)

Our solution: Reprex

Our solution: Eviota (Non-Financial)

Our solution: Eviota (For Banks)

UNIIQ

Market

Competition

Know-how and integration of open source components

Team [rewrite with GDO]

Timeline

Data observatories 3.0

Marketing strategy

Target market size

Team

Traction

Funding

Do it Smarter

Questions?

Eviota

Open collaboration

Why are we developing this service?

Music Eviota

Our approach

How does it work?

What is the report?

Methodology

Open collaboration

Why are we developing this service?

Future plans: Social Sustainability and Anti-Bribary