Chances are you would be hard-pressed to hire an expert in "enterprise carbon accounting software," unlike your basic ERP, CRM or ECM specialist. That's why you might want to get your hands on a new report by Groom Energy that analyzes the field of companies that make so-called greenhouse gas management software.
"Enterprise Carbon Accounting: An Analysis of Corporate-level Greenhouse Gas (GHG) Emission Reporting and a Review of Emerging GHG Software Products" (I dare you to say it!) mentions the roughly 60 players that make up this category. It profiles 20 recent developments or emerging companies in four subcategories: environmental health and safety, energy management, new products and start-ups.
Last year, roughly $46 million in venture capital was invested in the market, and Groom predicts that purchases of software in this category will grow by 600 percent by 2011 because of new disclosure regulations and policies that are falling into place around the globe. The research company actually says the top three reasons that companies are purchasing this sort of software falls into these three considerations:
- Pressure for a green corporate image
- The cost savings that can be generated by sustainability investments
- Mandates from members of their supply chain (such as Walmart's sustainability buying protocols)
As far as the short list of companies you might want to check out, Groom picks eight. They are: Enablon, Enviance, Hara, IHS, Johnson Controls, PE International, ProcessMAP and SAP.