Navigating the Carbon Accounting Software Market

NEEDLE IN THE TECHSTACK

As sustainability becomes an increasingly important consideration for corporations, many are turning to carbon accounting software to help them track and manage their emissions.

With so many options on the market, it can be difficult to know where to start. In this post, we'll take a look at the carbon accounting software market and what corporations should consider when selecting a provider.

CLIMATE MANAGEMENT IS HERE FOR GOOD

According to a report by ResearchAndMarkets, the global carbon accounting software market is expected to grow at a CAGR of 8.6% between 2021 and 2026. This growth is being driven by a number of factors, including increased regulatory pressure, stakeholder demands for transparency, and the need to manage carbon emissions to meet climate goals.

CONSIDERATIONS FOR CHOICE OF PROVIDER

FEATURES AND FUNCTIONALITY

When selecting a carbon accounting software provider, corporations should consider the features and functionality of the software. This could include things like data tracking, reporting, and analysis capabilities. It's important to choose a provider whose software can meet your organization's specific needs.

DATA INTEGRATION

The software should be able to integrate with other systems and platforms used by the corporation. This could include things like energy management systems, financial systems, and supply chain management platforms.

EASE OF USE

The software should be intuitive and easy to use, with a user-friendly interface. It's important to consider how easy it will be to onboard staff and integrate the software into existing processes.

‍

SUPPORT AND TRAINING

The provider should offer comprehensive support and training to ensure that users are able to make the most of the software. This could include things like online training materials, webinars, and access to a support team.

‍

"Look for providers that offer comprehensive training programs and ongoing support to help you and your team get the most out of the software."

- Carbon Disclosure Project

SCOPE 3 FUNCTIONALITIES A KEY DIFFERENTIATOR

A study by Verdantix found that ease of use and data integration were the two most important factors for corporations when selecting a carbon accounting software provider.

‍

The study also found that corporations were increasingly looking for software that could help them manage Scope 3 emissions, which are emissions generated by a corporation's value chain.

‍

AN INVESTMENT WELL MADE

Selecting a carbon accounting software provider is an important decision for any corporation looking to manage its emissions. By considering factors like features and functionality, ease of use, data integration, and support and training, corporations can ensure that they select a provider that meets their specific needs.

‍

With the right software in place, corporations can take meaningful steps towards reducing their carbon footprint and meeting their sustainability goals.

‍

FIVE GLACIERS IS HERE TO HELP...

As a sustainability consulting firm, Five Glaciers Consulting has extensive experience in helping corporations navigate the carbon accounting software market. Our team can assist in sourcing and evaluating providers, and provide guidance on selecting the software that best meets your organization's needs. Contact us today to learn more about how we can help you on your sustainability journey.

‍