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The 5 Best Carbon Accounting Software’s of 2023

A carbon accounting software platform is a specialized tool that helps businesses track their greenhouse gas emissions. It can also help companies meet regulatory reporting standards such as CSRD and TCFD.

It provides a comprehensive overview of a company’s emissions, including Scope 1, 2, and 3. This software solution is designed to support sustainability professionals in managing the complexity of their roles. If you want to know more about carbon accounting software click here.

Greenly

Greenly is carbon accounting software that makes it easy for companies to track their emissions and fight global warming. The company’s technology automates data collection and carbon analytics through integrations with accounting, travel, cloud data, and electricity vendors.

Emissions data, benchmark reporting, and energy consumption rate tracking are some of the essential features to look for in carbon accounting software. These tools allow organizations to establish frameworks that work toward carbon reduction goals and garner results.

A France-based company greenly specializes in small and midsize business (SMB) sustainability strategies and carbon accounting software. It offers a range of functionality, including vendor data management, investor-grade reporting, and benchmarking. However, it lacks the scalability needed to meet larger business requirements. It also does not offer a full suite of solutions, such as reducing scope 3 emissions.

Persefoni

Carbon disclosure policies are becoming mandatory for companies across the globe. This will require them to disclose their greenhouse gas emissions in order to meet stakeholder demands and regulatory requirements. Several sustainability management software solutions are designed to help them comply with these policies. These include Greenly and Persefoni.

Both of these platforms offer comprehensive accounting and disclosure services. They help businesses track their emissions and provide advanced analytics for accelerated decarbonization. They also offer Net Zero Navigator, which helps companies create custom reduction plans.

Both of these carbon accounting software tools are compliant with the GHG Protocol and the Partnership for Carbon Accounting Financials (PCAF) standards. This makes them the best choice for corporations that want to ensure they are following the latest sustainability reporting frameworks.

Sphera

Carbon accounting software is a powerful tool that allows businesses to calculate their emissions and identify ways to reduce them. It can also help them explore alternative production methods or transportation routes with a lower environmental impact. It can be used to track greenhouse gas emissions from different sources, including fuels, operations, and employee commuting.

The best carbon accounting software will provide a detailed and accurate report of greenhouse gas emissions. The software should follow industry standards and be user-friendly. It should also have features that support collaboration and transparency.

For example, the IBM Environmental Intelligence Suite offers a variety of tools and metrics for managing greenhouse gases. Its advanced analytics provide a comprehensive picture of business impacts. It is a useful tool for meeting the requirements of various climate disclosure policies.

IBM Environmental Intelligence Suite

IBM Environmental Intelligence Suite is a carbon accounting software platform that provides companies with the tools to measure and reduce their greenhouse gas emissions. The software also helps businesses create smart reduction targets that are compliant with reporting standards and the latest science. The platform is easy to use and requires minimal training.

It offers a comprehensive database and advanced automation to help businesses measure, verify, report and analyze their emissions. It can also help them meet compliance requirements for GHG emissions disclosures, including those of carbon dioxide, methane, nitrous oxide, perfluorochemicals and sulfur hexafluoride.

It has a number of features to support the full lifecycle of a sustainability program, including vendor data management, investor-grade reporting, and progress tracking. However, the platform is more expensive than other carbon accounting tools and may be overkill for small business users.

Sinai Technologies

The software is designed to make it easy for companies to track, reduce, and offset their carbon footprint. It also helps organizations create effective decarbonization strategies and future-proof their business models. It also provides a platform for collaborative decision-making that fosters innovation.

The top carbon accounting software is cloud-based and offers a wide range of features, from identifying high-emission areas to benchmarking performance against industry standards. It also includes a net-zero navigator that supports the development of custom decarbonization plans and achievement of company goals.

The software is based on the most up-to-date emissions factors and can automatically calculate and report Scope 1, 2, and 3 emissions. It is also compatible with other data sources and has a user-friendly interface. It is a great choice for both large and small businesses.

How does carbon accounting work?

Carbon accounting is the process of tracking and reporting your business’s greenhouse gas (GHG) emissions. This is important for businesses because it can help them reduce their environmental impact and comply with regulatory disclosure requirements.

Manual and spreadsheet-based carbon accounting can be error-prone, time-consuming, and costly. Additionally, it can lead to major visibility, collaboration, accuracy, and audit challenges. As a result, many companies are turning to carbon accounting software to manage their GHG emissions.

Carbon accounting software programs typically work by tracking a company’s energy usage and then calculating its GHG emissions. These platforms are able to automate the process of aligning with climate disclosure standards and can often perform calculations far faster than manual spreadsheets. They can also provide helpful insights such as forecasting capabilities, which can be used to identify potential opportunities for improvement. This information can then be used to develop and implement GHG reduction strategies. Greenly is a popular carbon accounting software program that offers these features. This platform is easy to use and has a user-friendly interface.

Why should you use carbon accounting software?

Carbon accounting software is a type of program that helps businesses track their greenhouse gas emissions. This information can then be used to reduce the business’s environmental impact.

Coolset is a popular carbon accounting software that can be used to track emissions from facilities, air travel, and fleets. The software also allows users to identify emissions hotspots and create effective decarbonization strategies.

Another well-known carbon management solution is Persefoni, which features an easy-to-use interface and endless support for its users. It also cooperates with the Greenhouse Gas Protocol and makes calculating carbon footprints simple by removing prior technical knowledge from the equation.

Similarly, Greenly is an accounting software that helps businesses measure and mitigate their carbon footprints. It is a more affordable option than some other carbon accounting programs, but it is not as robust in terms of functionality and scalability. It is geared towards board members, executives, and sustainability professionals. It also offers a free trial for new users.

What is the importance of carbon accounting?

As climate change continues to accelerate, it is increasingly important for businesses to track their emissions and carbon footprint. This information can be used to help them meet regulatory reporting requirements, meet sustainability goals, and promote transparency to investors.

Additionally, carbon accounting software can be used to identify opportunities for reducing greenhouse gas emissions. For example, a company may be able to reduce its footprint by implementing energy efficiency measures such as LED lighting or installing a solar panel system. This can also result in cost savings and improved brand reputation.

Choosing the right carbon accounting software is crucial for companies looking to optimize their sustainability efforts. With dozens of options available, growing businesses should look for software that offers the most value and functionality at an affordable price. For instance, Persefoni is a well-known carbon accounting software that helps enterprise businesses with their environmental disclosure and corporate sustainability reporting. This software has an easy-to-use interface and offers endless support for users.

The go-to carbon accounting platform for your business

Specialized emissions accounting platform is an essential tool in the fight against climate change, helping businesses meet sustainability goals and disclosure requirements. But the number of options for calculating and tracking CO2e emissions makes choosing the best software challenging.

When choosing carbon accounting software, consider the purposes of use – whether you’re reporting to stakeholders or setting targets through third-party platforms. Ensure you’re selecting a solution that aligns with your preferred methodology, and make sure the platform is compliant with relevant regulations. You may also want to look for software that allows you to export data, so you’re not locked into one system.

A good carbon accounting solution should automate processes, provide deep insights into the totality of your emissions, and offer support from a team of climate experts. For instance, Net0 offers a simple yet powerful platform that reduces complexity to help businesses easily track, manage and report on their carbon footprint. It helps companies to measure their Scope 1, 2 and 3 emissions, compare against peers and industry averages, and even purchase offsets directly from the platform to further mitigate their footprint. Plus, Net0’s main dashboard lets users display their net zero status and communicate their progress with stakeholders and customers. It’s a great way to demonstrate their commitment to tackling climate change and building brand equity.

What is greenly?

Greenly is a climate tech company that offers a unique software solution enabling businesses of any size and in any industry to measure, calculate and offset their carbon footprint at an affordable price. It automates areas like data collection and reporting through integrations with accounting, travel, cloud data, electricity vendors and other systems.

The platform allows users to track their carbon impact, manage their actions and set goals for sustainable development agendas in real time. Greenly also helps them optimize their KPIs and save time with centralized information and optimal communication between teams. Its capacity to give accurate, real-time carbon accounting has also made sustainability a realistic aim for companies of any size.

To grow its customer base, greenly used HubSpot’s Marketing and Sales Hubs to create a comprehensive inbound strategy with Facebook and Google ads linked to landing pages and forms. This helped the company to identify and capture qualified leads while also monitoring campaign effectiveness and monthly recurring revenue (MRR). The result was a strong increase in MQLs and a significant growth in new customers in both France and internationally, with turnover increasing strongly in line.

abubakarbilal
abubakarbilal
Abubakar is a writer and digital marketing expert. Who has founded multiple blogs and successful businesses in the fields of digital marketing, software development. A full-service digital media agency that partners with clients to boost their business outcomes.
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