As the focus on reducing carbon dioxide and greenhouse gas emissions intensifies, the importance of carbon accounting software has grown significantly. Many companies now strive for net-zero emissions, aiming to offset their carbon footprint completely.
Carbon accounting software enables companies to take responsibility for their environmental goals, implement emission reduction strategies, track progress, and receive expert guidance on sustainable practices. However, attaining this goal requires careful planning and execution.
To better understand the value of carbon accounting software and its benefits for your company, let’s delve into these questions further.
What are Carbon Accounting Platforms?
Carbon accounting platforms are third parties that quantify and track greenhouse gas emissions or carbon dioxide equivalent emissions associated with an organization’s activities, products, or services. It involves measuring, recording, and reporting these emissions to assess their impact on climate change.
Carbon accounting aims to provide an accurate and transparent assessment of an organization’s carbon footprint, enabling it to understand and manage its emissions more effectively. It helps organizations identify significant emission sources, set reduction targets, develop mitigation strategies, and monitor progress over time.
Overall, they enable individuals, businesses, and governments to measure, manage, and take action to reduce their carbon footprint, ultimately contributing to a more sustainable future.
After all, businesses and organizations have a responsibility to the environment, and while green computing can help us on the path towards sustainability, mapping one’s carbon footprint too is integral.
How Carbon Accounting Platforms Benefit Businesses
Carbon accounting platforms are valuable for businesses developing sustainable practices and fighting against climate change. Let’s see some more benefits:
- It establishes transparency and prevents greenwashing, providing statistical evidence of a company’s efforts to reduce carbon emissions.
- It supports achieving net-zero emissions and maintaining or reducing the carbon footprint.
- Increased interest in sustainability from investors, employees, and consumers enhances the likelihood of attracting new stakeholders and driving financial growth.
- Carbon accounting software assists in complying with environmental regulations and facilitates government approval by demonstrating a commitment to carbon footprint reduction.
- Adopting carbon accounting software benefits the environment while also benefiting the company by reducing emissions, attracting stakeholders, increasing profitability, and fostering business growth.
This article will explore the top carbon accounting platform options and highlight their key features, helping you choose the most suitable solution for your business.
Normative
Normative provides comprehensive carbon accounting solutions for businesses, enabling them to measure their emissions output precisely. The platform delivers accurate and dependable results by integrating hard data and robust calculations.
This empowers businesses to identify potential emissions reduction opportunities, mitigate climate risks, and explore avenues for growth in a net-zero economy.
Features:
- Detailed insights by leveraging high-resolution data to identify practical strategies for emissions reductions.
- Seamlessly explore emissions across your value chain with automated engagement tools and data synchronization.
- Safeguard your company’s reputation from accusations of greenwashing.
- Stay ahead in anticipating future climate reporting legislation due to strategic partnerships with the EU and UN.
With Normative’s expertise, companies can take informed actions to contribute positively to the environment while advancing their sustainability goals.
Supercritical
Supercritical is a pioneering organization dedicated to empowering businesses and institutions to leverage data and analytics effectively in their pursuit of selling high-quality carbon removal. As the industry leader, they provide an all-encompassing software solution that facilitates sustainability and energy management.
Their cutting-edge platform allows users to manage sustainability performance efficiently, involving data consolidation, streamlined reporting, or discovering optimization opportunities.
Features:
- Ensure compliance with regulations such as SECR and TCFD.
- Access the finest carbon removal solutions on the market through a single, convenient transaction.
- Every project undergoes a thorough 8-point vetting process to meet our rigorous standards.
- Dedicated solely to offering premium carbon removal options.
With Supercritical’s comprehensive suite of tools, organizations can drive their commitment to sustainability and contribute to a greener world.
Net0
Embrace the future with Net0, the cutting-edge carbon accounting software solution that empowers your company to lead sustainability. This revolutionary tool enables precise measurement of carbon emissions, unlocking new possibilities for greener business operations.
With NetO, tracking emissions becomes effortless with the right data in hand. At the same time, it guides you through actionable steps to reduce your greenhouse gas footprint and propel your journey toward carbon neutrality.
Features:
- Comprehensive coverage of scopes 1, 2, and 3 emissions measurements.
- Reporting that meets investor-grade standards, in full compliance with GHGP and local regulatory requirements.
- Seamlessly integrate AI-assisted data for automatic carbon reporting.
- Monitor carbon emissions in real-time for immediate and accurate insights.
Transform your company for the better with NetO’s powerful capabilities and make a positive impact on the environment.
Credible
Credible is a comprehensive carbon accounting platform designed to assist businesses in effectively measuring and monitoring their greenhouse gas (GHG) emissions across all three scopes (Scope 1, 2, and 3).
The platform offers a built-in calculator for precise data calculations, enabling accurate emissions assessments. Moreover, it facilitates transparent reporting of decarbonization advancements to stakeholders.
Features:
- Establish a system to monitor carbon emissions by specified decarbonization goals and customizable Key Performance Indicators (KPIs).
- Develop internal dashboards and external emission reports using recognized frameworks to showcase our carbon reduction progress.
- Implement streamlined and automated data collection methods for calculating our carbon footprint.
- Simplify internal processes for tracking and reporting greenhouse gas (GHG) inventory.
With Credible, businesses can seamlessly manage their environmental impact and contribute to a sustainable future.
Plan A
Streamline your corporate carbon accounting, decarbonization efforts, and ESG reporting seamlessly through Plan A‘s cutting-edge sustainability solutions. This platform guarantees that your sustainability strategy aligns with the highest international standards and protocols.
Its certified methodology empowers businesses to lead the charge in combating climate change and delivers tangible results rapidly.
Features:
- Enhance emissions data collection through streamlined bulk upload features and assisted data input methods.
- Covers all scopes and categories per the GHG Protocol and the latest findings in climate science.
- Pinpoint and evaluate emissions hotspots across facilities, subsidiaries, and business units.
- Centralize all emissions data in a unified dashboard, addressing initial data gaps efficiently.
PlanA’s award-winning software allows you to embed sustainability effortlessly into your core business strategy, freeing up valuable time and resources for your primary business pursuits.
Consequence
Liberate yourself from overwhelming data collection, calculations, and disclosure tasks using the Consequence platform. Concentrate on high-impact reduction initiatives to effectively combat the climate crisis.
With this platform, you can effortlessly monitor your carbon footprint, pinpoint opportunities to reduce absolute emissions, and conveniently choose from various removals and offsets that align with your objectives.
Features:
- All data input types required for a comprehensive carbon footprint assessment should be included.
- Enable smooth integration of data from various separate systems.
- Establish automated data collection workflows based on your preferred schedule, even allowing for real-time updates.
- Implement configurable user permissions to control data modification and access privileges.
Consequence allows you to streamline your efforts and make a significant difference, all from one centralized platform.
Greenly
Greenly is a user-friendly carbon accounting solution for small businesses with less complex emission initiatives. It streamlines and automates data analysis while seamlessly integrating with third-party solutions, empowering clients to decrease their greenhouse gas (GHG) emissions effectively.
Leveraging the power of data analysis and collaboration with external applications, Greenly assists companies in their sustainability efforts.
Features:
- Expert climate advisors will provide quickly implementable measures to decrease your carbon footprint.
- Employs Activity- and Spend-Based methodologies to evaluate your CO2 emissions comprehensively.
- Streamline your climate transition while lightening your team’s burden.
- Personalized action blueprints to guide you in effectively curbing emissions.
Greenly offers a straightforward dashboard that simplifies carbon management for teams seeking a user-friendly experience.
Avarni
Avarni offers a comprehensive solution for managing carbon emissions across organizations of any scale. It provides a seamless process to identify and quantify carbon emissions across Scope 1-3 categories. It enables organizations to effortlessly engage their suppliers in the emission-tracking process at no cost.
Moreover, Avarni’s built-in forecasting tools assist in developing resilient carbon emission management plans and strategies.
Features:
- Robust calculation methodology and thorough data collation guarantee to identify all Scope 1-3 emissions.
- Facilitates procurement and supply chain teams in analyzing the emissions of potential vendors, suppliers, and contractors.
- Ensures the integration of emission exposure identification into the procurement process.
- Enables seamless onboarding of suppliers without incurring any additional costs.
Using Avarni, organizations gain enhanced visibility, transparency, and a clear understanding of their carbon footprint.
Sweep
Sweep simplifies the process of carbon tracking by providing a user-friendly platform. It begins by establishing a foundational understanding of your company’s emissions, utilizing CDP data models to assess your entire value chain’s carbon footprint. Sweep offers convenient import tools to consolidate all your carbon data into a single repository if you have initiated carbon tracking.
The platform aligns with your business’s organizational structure, allowing you to categorize and monitor tasks based on products, divisions, or locations.
Features:
- Effortlessly pinpoint areas of high activity or areas that need attention using visualizations and reports.
- Instantly allocate a portion of your climate program with a simple click.
- Establish reduction targets and action plans that align with the most up-to-date scientific findings.
- Regular and automated measurements ensure you stay on course.
- All reports adhere to industry benchmarks such as the GHG Protocol and Bilan Carbone.
Sweep’s seamless organization facilitates efficient task assignment and tracking and provides visual representations of every action you undertake.
There are more ways to increase sustainablilty. Learn about Green Coding: What is it and why should you care?
Persefoni
Persefoni, a prominent carbon accounting solution, has gained recognition as a frontrunner in carbon management due to the unparalleled expertise of its founders. With a distinguished advisory board of talented industry leaders with extensive knowledge of the existing climate control initiatives, Persefoni is committed to enhancing the accessibility of emissions control.
To achieve this, the company aims to establish a standardized system for sustainability reporting and data collection across all its users. Furthermore, Persefoni has formed critical partnerships with industry giants such as Bain, Workiva, CGI, and Patch, enabling it to offer comprehensive emissions solutions.
Features:
- Offers profound insights aligned with your industry and net zero objectives.
- Simplifies the footprint calculation process
- Delivers reliable results that can be confidently presented to your CFO, accounting teams, and other essential stakeholders.
- Developed by climate and accounting professionals to ensure adherence to global standard frameworks.
Persefoni’s platform is highly scalable and incorporates robust measures to ensure tamper resistance.
Conclusion
Climate change remains a pressing global concern, gaining momentum as businesses mature and new regulations take effect. Organizations can anticipate increasingly stringent reduction targets as the world intensifies its efforts to combat climate change.
However, there is a silver lining: businesses can now adopt various end-to-end carbon accounting solutions to drive their net-zero initiatives.
Next up, what is Green Tech, and why is it important for the future?
