Green Quadrant: Enterprise Carbon Management Software 2022

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Executive Summary

This report provides a detailed fact-based comparison of the 15 most prominent carbon management software vendors in the market. Based on the proprietary Verdantix Green Quadrant methodology, our analysis encompassed two-hour live briefings, desktop research and vendor responses to a 103-point questionnaire covering 17 capability and 10 market momentum categories. Verdantix analysis finds that although carbon management software has existed for over 15 years, the market has grown substantially over the last three years, due to increased pressure from internal and external stakeholders, resulting in numerous new use cases and functionality requirements. Among the software vendors featured in the Leaders’ Quadrant, seven firms—Cority, Enablon, IBM, Intelex, Sphera, UL Solutions and VelocityEHS—demonstrated the most advanced all-round carbon management software capabilities. 

Table of contents

The State Of The Carbon Management Software Market 

A New Wave Of Enterprise Carbon Management Software Arrive 
Carbon Management Software Has Been Available For 15 Years
TCFD-Aligned Climate Disclosure Rules And Investor Pressure Have Reshaped Requirements
Firms Are Pledging To Reach Net Zero By 2050 Or Earlier
Expectations Of Booming Demand Reshaped Tech Vendor Dynamics From 2019

Green Quadrant For Carbon Management Software 2022 
Green Quadrant Methodology
Evaluated Firms And Selection Criteria
Evaluation Criteria
Cority Builds Off EHS Capabilities To Deliver A Comprehensive Carbon Management Platform
Enablon Incorporates Integrated Risk Capabilities With Carbon Accounting
ENGIE Impact’s Ellipse Platform Reflects Strong Momentum And Demand For Decarbonization
FigBytes Incorporates Carbon Accounting Into Its Sustainability Platform
IBM Acquires Envizi To Deliver A Comprehensive Carbon Management Software Platform
Intelex Draws On EHS Programme Management Experience To Offer Configurable Carbon Management Solution
OneTrust Acquires Planetly And Gains Traction Providing Carbon Management Software To A Variety of Industries
Persefoni Offers An Innovative Carbon Accounting Platform With A Strong Focus On Financed Emissions
Salesforce Delivers A Customizable Carbon Management Software Platform For Use By A Variety Of Sectors
Schneider Electric Incorporates Energy Management Into Its Carbon Management Software Offering
SINAI Technologies Provides Decarbonization Strategies For Asset-Intensive Firms
Sphera Integrates Lifecycle Analysis Tools Into Integrated Carbon Management Platform
Sweep Delivers A Modular And Flexible Carbon Management Platform
UL Solutions Incorporates Renewable Energy Management Into Its Carbon Management Platform
VelocityEHS Delivers Strong Data Management Capabilities For Complex Industries

Table of figures

Figure 1. Capabilities Criteria For Carbon Management Software 
Figure 2. Momentum Criteria For Carbon Management Software 
Figure 3. Vendor Criteria Scores—Capabilities 
Figure 4. Vendor Criteria Scores—Momentum 
Figure 5. Green Quadrant For Carbon Management Software 2022

Organisations mentioned

3M, AECOM, AEG, Ahlstrom-Munksjö, Alliant Energy, Amaggi, ArcelorMittal, Ashland, Association of Issuing Bodies (AIB), ASUS, AT&T, Bagel Brands, Bain & Company, Bayer, Benchmark Digital, Blackstone, BRK Ambiental, Buckman,, CBRE, CDP, Celestica, Chevron, Cintas, Clear Sky Analytics, Cloverly, Coatue, Commercial Buildings Energy Consumption Survey, Commonwealth Bank, Cority, Costco, cr360, Danone, Department for Environment, ehsAI, Électricité de France, EMEX, Emissions & Generation Resource Integrated Database (eGrid), Enablon, ENGIE Impact, Enviance, Environmental Rating System (NABERS), Envizi, ERM, EU, EVPassport, FigBytes, Financial Executives International, Food and Rural Affairs (Defra), Ford Motor Company, Fortive Corporation, Franklin Templeton, French Agency for Ecological Transition (ADEME), Genstar Capital, Gerdau, GHG Protocol, Global Logistics Emissions Council, Global Reporting Initiative (GRI), Global Reserve Group, Google, Green-E, Greenhouse Gas Management Institute, GRESB, Hewlett-Packard, Hitachi Systems, HOMER Energy, Hoover, Hunter Industries, IBM, IFC, IHS Markit, Implenia, Indorama, Industrial Scientific, Insight Partners, Intelex, Intergovernmental Panel on Climate Change (IPCC), International Energy Agency (IEA), ISDI, IsoMetrix, Ista, JetBlue, JMJ Associates, Jupiter Intelligence, Kimberly-Clark, KMI, Kraft Heinz, Levi’s, Lumileds, Mercedes-Benz, Metro Group, Microsoft, MillerKnoll, MSDSonline, Munich Re, National Australian Built, National Governance Association (NGA), Natura, Nilfisk, Normative, Obvious Ventures, Omni Logistics, OneTRust, OPEX Group, Pachama, Partnership for Carbon Accounting Financials (PCAF), Plan A, Planetly, Power Report, Prelude Ventures, Principles for Responsible Investment (PRI), ProcessMAP, Prose, Qlik Quantum Energy Partners, Quentic, Questel, Radicle, Refinitiv, Rolls-Royce, Saint-Gobain, Salesforce, SAP, Schneider Electric, Science Based Targets initiative (SBTi), Shell, Siemens Healthineers, SINAI Technologies, Sky, SL Green, Slack, SMBC, Snowflake, Society for Corporate Governance, SoftBank Vision Fund 2, Sphera, State of Minnesota, Stripe, Sustainability Accounting Standards Board (SASB), Sustainable Finance Disclosures Regulation (SFDR), Sweep, Task Force for Climate-related Financial Disclosures (TCFD), Tata Consultancy Services, TCV, Telus, The Rise Fund, thinkstep, Thoma Bravo, Toyota, TPG, TÜV Rheinland, Uhuru, UL Solutions, UN, UN Framework Convention on Climate Change (UNFCCC), Universal Studios, Urjanet, US Environmental Protection Agency (EPA), US Securities and Exchange Commission (SEC), Valo Ventures, Value Reporting Foundation, Vector Group, VelocityEHS, Vineyard Wind, Volvo, Watershed, WeSustain, Wolters Kluwer, Workiva, World Economic Forum, Zeigo

About the authors

Jessica Pransky

Principal Analyst
Jessica is a Principal Analyst in the Verdantix ESG & Sustainability practice, which she joined in 2022. Her current research agenda covers ESG reporting and data management software, ESG solutions for investors, and risk in ESG and sustainability. Prior to joining Verdantix, Jessica worked at Ramboll, focusing on ESG risk and opportunity identification for mergers and acquisitions, as well as EHS due diligence. Jessica has previously held roles evaluating water resource allocation for a state municipality and ensuring EHS compliance for GE Aviation. She holds a BS from Tufts University and an MEng from Johns Hopkins University focused on environmental engineering, as well as an MBA from Boston University.

Alessandra Leggieri

Industry Analyst
Alessandra Leggieri is an Industry Analyst in the Verdantix Net Zero & Climate Risk practice. Her current research agenda focuses on solutions for GHG emissions and net zero management, covering technologies and services. Prior to joining Verdantix, Alessandra completed an MSc in Environmental Technology at Imperial College London.

Kim Knickle

Research Director, ESG & Sustainability
Kimberly Knickle is Research Director of the ESG & Sustainability practice at Verdantix. Her research areas encompass ESG regulations and reporting, ESG risk, supply chain sustainability, circular economy, social impact, and sustainable finance. Kim has worked for more than 20 years in the IT industry, providing research and analysis to help companies invest wisely in new technologies. Before joining the analyst industry, she held various roles in IT services, engineering and product safety testing, beginning her career at Underwriters Laboratories, Inc. Kim holds an MBA from Boston University and a BS in Electrical Engineering from Cornell.

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