Market Insight: New Demands Create Opportunity In Product-Level Carbon Management For LCA Software

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Executive Summary

The life cycle assessment (LCA) software market is re-emerging, with new market entrants, evolving technologies, growing regulatory drivers and the standardization of LCA processes, such as through the EU product environmental footprint (PEF) strategy. However, vendors can struggle to identify and rationalize current demand for product environmental impact solutions, and may find it difficult to recognize future market prospects. In this report, Verdantix analyses demand drivers and buyer-aligned needs, and outlines some of the strategies vendors are adopting to capitalize on new opportunities in the market. 

Table of contents

Demand for product carbon footprinting drives product innovation
Firms face steep and rising demands for better product-level data to suit a bottom-up approach
Innovation in LCA software rests on data sets, integrations and automation
Demand is being shaped by sustainability maturity and industry requirements

Table of figures

Figure 1. Life cycle assessment (LCA) process
Figure 2. LCA solution types  

About the authors

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 practices, particularly those relating to Scope 3 and industrial emissions. Prior to joining Verdantix, Alastair worked at Tyler Grange, 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, with Distinction, from the University of St Andrews.

Guy Lewis

Industry Analyst
Guy is an Industry Analyst in the Verdantix ESG & Sustainability practice. He currently leads research on circular economy software and services and supports research across several other ESG and sustainability themes. Prior to joining Verdantix, Guy was an energy specialist helping to optimize member experience, through which he gained knowledge of both operations and smart technologies. Guy holds a BA in Geography from the University of Manchester, with a placement year at the University of Queensland.

Ryan Skinner

Research Director, Net Zero & Climate Risk
Ryan is the Research Director for the Verdantix Net Zero & Climate Risk practice. He guides the research team to develop compelling research at the intersection of net zero strategies, carbon management, climate risk and technology. Prior to joining Verdantix, Ryan was a principal analyst at Forrester Research, where he initiated the research into ESG data and analytics offerings. He also has extensive experience of helping software companies with their messaging, positioning, market and technology strategies. Ryan studied at Duke University, the University of Manchester and the University of Oslo, and speaks Norwegian fluently.

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