Buyer’s Guide: Carbon Management Software (2023)

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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.

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

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
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

Ryan Skinner

VP Research

Ryan is a VP Research at Verdantix, where he leads a team of analysts delivering research, data and advisory services that help clients navigate the fast-evolving landscape of...

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Alastair Foyn

Alastair Foyn

Analyst

Alastair is an Analyst in the Verdantix Net Zero & Climate Risk practice. His current research agenda focuses on carbon management software and decarbonization best practi...

Alessandra Leggieri

Alessandra Leggieri

Senior Analyst

Alessandra is a Senior Analyst at Verdantix, specializing in carbon management and software for product carbon footprints. Her research spans over 100 vendors in the carbon ma...

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