The number of companies disclosing greenhouse gas emissions (GHG) will triple in the next two years, and the number of firms using commercial GHG software will quadruple in the same time period, according to a study by Groom Energy Solutions and Pure Strategies Consulting.
Today, an estimated 3,000 companies worldwide track and report GHG emissions. In much the same way that businesses use financial reporting to judge operational performance, these organizations use GHG emissions reporting to measure their sustainability performance – hence the new category: Enterprise Carbon Accounting (ECA).
According to the study, the tracking process often begins with the use of spreadsheets to manage data, but as it becomes more comprehensive and complex, companies need to invest in commercial ECA software. Forty vendor offerings were identified in the report along with the top 20 things to consider before purchasing ECA software.