Buyer’s Guide: Carbon Management Software (2023)

Access this research

A Net Zero & Climate Risk subscription is needed to access this content.

Please choose an option below

Executive Summary

This report provides executives involved in the selection of sustainability, decarbonization and net zero technologies with an overview of carbon management software. It considers what is propelling the adoption of this software by firms and its core functionality. It establishes important selection criteria and provides analysis of 55 prominent providers against those. The report draws upon data collected via 14 vendor questionnaires, analysis taken from prior Verdantix research and publicly available information. Prospective buyers should use this guide to support them in the identification and selection of a carbon management software solution that fits their requirements.

Table of contents

Buyer’s Guide: Carbon Management Software 2023
Defining Carbon Management Software
Regulations And Voluntary Commitments Drive Demand For Carbon Management Software
Core Carbon Management Software Functionality
Firms’ Existing Software And Carbon Experience Should Influence Buying Decisions
Buyers Should Consider Carbon Management Vendors’ Industry Focus, Location And Size
Selection Criteria For The 2023 Carbon Management Software Buyer’s Guide
Benchmark Digital (Benchmark ESG) Provides An Integrated EHS, Carbon Management And Supply Chain Sustainability Solution
Carbmee Focuses On Measuring And Reducing Scope 3 Supply-Chain-Driven Emissions
Diligent Offers An Integrated GRC And Carbon Management Platform
Greenly Provides SME-Focused Carbon Management And Net Zero Implementation
IsoMetrix Provides Carbon Management With A Risk Management Background
Nasdaq Provides A Holistic Carbon Management And ESG Solution
Novisto Offers GHG-Protocol-Aligned Emissions Reporting And SBTi-Aligned Net Zero Target-Setting
nZero Platform Provides 24/7 Carbon Monitoring To Collect Granular Emissions Data
Optera Offers Carbon Management For Complex Scope 3 Emitters
Quentic Supports Carbon Management With Integrated Target-Setting Functionality
BMO Radicle Builds On Carbon Credit Tracking With Decarbonization Capabilities And Net Zero Implementation Support
SAI360 Offers Carbon Management As A Component Of Its EHS&S Platform
ServiceNow Connects Carbon Management With Workflows For Risk And Portfolio Management
WayCarbon Offers Carbon Emissions And Carbon Credit Management With Automation And Data Visualization

Table of figures

Figure 1. Changes In 2023 Carbon Management Software Spend By ESG And Sustainability Leaders
Figure 2. Scope 1, 2 And 3 Modelling And Calculations Capabilities Description 
Figure 3. Carbon Disclosure Reporting Capabilities Description
Figure 4. Net Zero Strategy Development And Implementation Capabilities Description
Figure 5. Industries Categorized By Emissions Type
Figure 6. List Of Carbon Management Software Providers
Figure 7. Industry Focus Of Carbon Management Software Vendors 
Figure 8. Benchmark Digital (Benchmark ESG) Carbon Management Solution Overview
Figure 9. Carbmee Carbon Management Solution Overview
Figure 10. Diligent Carbon Management Solution Overview
Figure 11. Greenly Carbon Management Solution Overview
Figure 12. IsoMetrix Carbon Management Solution Overview
Figure 13. Nasdaq Carbon Management Solution Overview
Figure 14. Novisto Carbon Management Solution Overview
Figure 15. nZero Carbon Management Solution Overview
Figure 16. Optera Carbon Management Solution Overview
Figure 17. Quentic Carbon Management Solution Overview
Figure 18. BMO Radicle Carbon Management Solution Overview
Figure 19. SAI360 Carbon Management Solution Overview
Figure 20. ServiceNow Carbon Management Solution Overview
Figure 21. WayCarbon Carbon Management Solution Overview

Organisations mentioned

3Degrees, AB InBev, Accenture, ADEME, AIB Bank, Allianz, AMCS, American Tire Distributors, Anglo American, APlanet, Ascent, Assent, AstraZeneca, AXA Group, Banco Santander, BCB Group, BCG, Benchmark Digital, BMO Financial Group, BMO Radicle, BTG Pactual, C3 AI, Caesars Entertainment, Carbmee, Carbon Intelligence, Carbon Minds, Carlyle Group, CBRE, CDP, CEMAsys, City of Reno, Climate Smart Businesses, ClimateView, Cloverly, Cority, Cozero, Danaher, Dell, Deloitte, Deutsche Bank, Dexco, Diginex, Diligent, Diligent Sustainability & ESG Reporting (formerly Accuvio), Duracell, Dussmann Group, ecoInvent, Ecometrica, EcoVadis, eGRID, Electrolux, Embraer, EMEX, Emitwise, Enablon, Energy Impact Partners, ENGIE Impact, Envirosoft, FigBytes, Flowcarbon, Gerdau, GHG Protocol, Global Reporting Initiative (GRI), Graphic Packaging, Greenly, Greenstone, GRESB, HelloFresh, Hewlett Packard Enterprise, Hitachi Energy, IBM, IEA, Infarm, Infineon, Intelex, International Organization for Standardization (ISO), International Sustainability Standards Board (ISSB), Intertek, IsoMetrix, Ivanhoe Mines, JetBlue, Kärcher, Klimate, KPMG, KWS Seeds, Lumen, Measurabl, Meta, Metrio, Microsoft, Minerva Foods, Moderna, MSCI, NASDAQ, Nevada Governor’s Office of Energy, News Corp, Normative, Novisto, nZero, Ocean Spray, OData, OneTRust, OPEX Group, Optera, Oracle, Parker Hannifin, Partnership for Carbon Accounting Financials (PCAF), Patch, Pathzero, PayFit, PepsiCo, Persefoni, Plan A, ProcessMAP, Puro.earth, Quentic, Renault, Riddell, SAI360, Salesforce, SAP, Schneider Electric, Science Based Targets initiative (SBTi), ServiceNow, Shutterfly, SINAI Technologies, Sphera, Sustain.Life, Sustainability Accounting Standards Board (SASB), Sweep, T5 Data Centers, Tableau, Task Force on Climate-related Financial Disclosures (TCFD), UK Department for Environment, Food & Rural Affairs (Defra), UL Solutions, UN, Up Group, US Environmental Protection Agency (EPA), Vaayu, Validere, VelocityEHS, Vivo Energy, Watershed, WayCarbon, WEF, WeShape, White Star Capital, Williams Sonoma, Workday, Xange

About the authors

Ryan Skinner

Research Director, Net Zero & Climate Risk
Ryan leads the Verdantix Net Zero & Climate Risk research practice. The team’s current research focus encompasses net zero drivers and strategies, and climate risk, emissions reduction, and carbon management technologies. Ryan has 10 years of experience in the research business, previously working at Forrester, where he led research on ESG. Ryan speaks English natively, Norwegian, and French conversationally. He holds a BA from Duke University. 

Alastair Foyn

Analyst

Alastair is an Analyst in the Verdantix Net Zero and Climate Risk practice. His current research agenda focuses on climate risk management software and carbon markets. Prior to joining Verdantix, Alastair worked at Tyler Grange Ltd where he gained experience in consultancy practices and environmental strategy. Alastair holds a First Class BSc in Biological Sciences from Durham University as well as an MSc in Sustainable Development from the University of St Andrews.

Alessandra Leggieri

Industry Analyst

Alessandra Leggieri is an Industry analyst specialised in Net Zero & Climate Risk. Her background is in Biology (BSc Imperial College London), with a focus on Environmental Sciences. Prior to joining Verdantix she completed a Master's degree in Environmental Technology with Distinction. Her thesis project looked at biodiversity-friendly pest management decisions in communal gardens, which involved a collaboration with the Royal Borough of Kensington and Chelsea. She has experience with both quantitative and qualitative data analysis, using R and NVivo.

Related Reports

Not a Verdantix client yet?

Register with Verdantix for authoritative data, analysis and advice to allow your business to succeed.