The State Of The Carbon Management Software Market
The market landscape for carbon management software has evolved rapidly over the past three years, driven by mandatory reporting rules based on the Task Force on Climate-Related Financial Disclosures (TCFD), the need to deliver on the Science Based Targets initiative (SBTi) and other net zero pledges, and pressure from external stakeholders. These new drivers have required carbon management software applications to expand beyond calculating and modelling Scope 1, 2 and 3 emissions to incorporate a wider range of functionality – such as forecasting future emissions to deliver on net zero goals, tracking the progress of decarbonization projects, incorporating financial analysis into asset investment planning, producing investment-grade financial disclosures, and conducting physical asset risk assessments – to fit a wide range of industries and use cases (see Verdantix Best Practices: Creating an RFP For Enterprise Carbon Management Software). With the rapid evolution of regulations and the increasing integration of carbon emissions into disclosures, the carbon management software market is in an expansion phase.
Given the rapid pace of change in the market, this report provides individuals responsible for selecting, implementing and deriving value from carbon management software applications with a detailed assessment of the 15 most prominent platform solutions providers and their product offerings. The customer questions answered by this report encompass:
- What is the current state of the carbon management software market?
- Which carbon management software applications lead the market?
- Which carbon management applications will best match the requirements of my firm?
- How can I benchmark the capabilities of carbon management software applications?
- What factors indicate that a carbon management software vendor is a reliable partner for the future?
o answer these questions, Verdantix assessed 15 suppliers using a 103-point questionnaire, two-hour live
demonstrations by vendors, and interviews with more than 25 carbon management software customers across a range of industries, such as consumer goods, retail, pharmaceuticals, tourism, manufacturing, transportation and technology. The resulting analysis is based on the proprietary Verdantix Green Quadrant methodology, which is designed to provide an evidence-based, objective assessment of vendors offering comparable products or services.
A New Wave Of Enterprise Carbon Management Software Arrives
Over the past three years, rising pressure from investors to identify climate risks, the realization that firms can achieve a competitive advantage with a lower carbon footprint, and increasing regulations have led to a surge in demand among buyers across all industries, as well as greater interest from the C-Suite. Growing demand has created a fast-evolving marketplace for carbon management software.
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