Best Practices: Creating An RFP For Enterprise Carbon Management Software

Executive Summary

A combination of tougher climate change policies and investor demand for accurate carbon emissions data has ramped up the pressure on firms to implement net zero emissions strategies and energy transition plans. To succeed with these strategies, firms will need to invest in an enterprise-wide carbon management digital platform. This will encompass five layers of functionality: climate risk and disclosure management; carbon emissions pricing and financial analysis; net zero project and programme management; carbon emissions data and inventory management; and Scope 1, 2 and 3 data acquisition. To deliver on their futureproof vision, firms should select digital solutions from one or more innovative carbon software and services providers. RFPs should be designed to assess product functionality as well as implementation expertise and the scale of vendors’ resources.