Today, we live in an era where environmental challenges and climate crises keep accelerating. However, the transition toward net-zero emissions is on the rise. Did you know that 84 percent of consumers believe that they are likely to alienate themselves from a brand owing to poor environmental practices?
Yes, you read it right! That is why more and more businesses focus on their sustainability performance.
As stakeholder expectations increase and regulatory requirements intensify, it has become essential for companies to measure and manage their carbon emissions. A point to note here is that doing it manually can be daunting. Therefore, businesses are in search of the best carbon accounting software to remain competitive in the market.
The carbon accounting software market is likely to reach USD 100.84 billion by 2032.
The numbers clearly show the growing demand in the market.
In this blog, you will explore the top carbon accounting software you can count on. Let’s dive in!
Carbon accounting is all about calculating the amount of carbon dioxide emissions produced directly or indirectly due to business activities. The carbon accounting software is a tool that allows organizations to effectively quantify emissions. It helps companies to gather necessary information, keep track of emission data, and plan strategies to reduce them.
With ample tools available in the market, selecting the right one can be challenging. Delve into the list of best carbon accounting software to use for optimal outcomes!
This software from Microsoft comes with exceptional ESG capabilities and allows organizations to drive business growth and ensure sustainability progress. Microsoft Sustainability Cloud helps companies to effectively integrate carbon accounting data across the value chain and promotes better cost savings. Moreover, the tool also enables businesses to improve workflow management and audit trails. You can even leverage the software to export comprehensive and accurate sustainability reports and evaluate the success of your efforts.
As a top-rated emissions management solution, this software makes use of IBM AI capabilities to provide basic climatic risk analytics. The tool mainly focuses on response efforts and risk analysis. The suite combines environmental and climatic data with advanced analytics to allow companies to predict and manage environmental risks. Its different features enable organizations to monitor disruptive climate conditions and operationalize carbon accounting.
Persefoni is one of the best carbon accounting software dedicated to climate management. With a commitment to efficiency, accuracy, and transparency, this tool makes it easier for organizations to calculate carbon footprints. The platform leverages AI for anomaly and error detection and offers on-demand technical support to organizations. Persefoni is an ideal tool for financial institutions, SMB markets, and enterprises. The enterprise-grade support and scalability of this software make it a top choice among Fortune 500 organizations.
Sinai Technologies comes with planning and modeling capabilities and ensures effective decarbonization. It allows companies to minimize their carbon emissions and meet their milestones while harnessing growth. However, its limited features can be a potential downside of this software.
This carbon accounting software leverages the prowess of Salesforce in language support, integration features, and automation. It proves to be beneficial for organizations and helps them in effective emission reporting. Also, the software can be easily scaled to meet the evolving requirements of your company. A potential limitation of this tool is its reliance on the existing data schema.
Sweep is a leading sustainability data management platform that allows businesses to achieve their climatic goals. Designed for robust ESG data management, this software is capable of handling huge datasets, providing dynamic analysis capabilities, and ensuring data integrity. The core aim is to assist businesses in making a positive impact in their sustainability journeys. Sweep offers extensive customization options and enables organizations to meet their needs with ease. The tool also provides unique reporting capabilities to businesses and guarantees proper alignment with industry standards.
Sphera is an ESG performance and risk management software that approaches carbon emission accounting through the lens of integration. This tool emphasizes the enhancement of organizational safety and liability reduction. The main focus is to foster trust within the organization and create a positive environmental image. Sphera dissolves information silos by centralizing data, management, and reporting tools. Moreover, the platform also ensures optimum collaboration among teams for sustainability and safety pursuits.
Greenly is a carbon accounting software ideal for businesses of all sizes. By leveraging third-party expertise and data analytics, the tool offers personalized solutions to customers looking to address the carbon footprint of their company. The data-driven approach of this software allows organizations to conveniently develop carbon reduction plans and mitigate environmental impacts. The main goal of Greenly is to lower the efforts of companies through strategic activities and ensure accurate carbon assessment.
Managing carbon emissions across supply chains and achieving net zero goals is challenging. That is where Emitwise comes into the big picture. The centralized data management solution empowers teams to handle carbon agendas with ease. However, this software can be smaller in terms of staff compared to other tools in the list.
Diligent is a leading risk, governance, and compliance platform suitable for governments, non-profit organizations, and executives. The core goal of this tool is to strengthen governance by streamlining the association between compliance, risk, auditing, and cost savings. Leveraging the software can enable organizations to generate ESG and sustainability reports in a hassle-free manner.
Regulating emissions is no easy feat. The right features have the potential to either make or break carbon accounting software. Delve into the key features to keep in mind!
Lowering carbon emissions and protecting the environment have become more essential for businesses than ever before. As the world rapidly transitions towards net zero, companies not taking the lead on sustainability are likely to be left behind in the competition. So, leveraging the best carbon accounting software is the key to stand out in the market. Are you looking for more information about the carbon accounting software market? SNS Insider can be the perfect destination for all your needs.
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