Verdantix Calls for Carbon Management Software Evolution

Carbon management software firms need to innovate and implement new technological solutions that can meet the demands of companies looking to comply with climate-related disclosure requirements, according to a report by research and advisory firm Verdantix. Upcoming reporting requirements across markets – such as the EU’s Corporate Sustainability Disclosure Directive and the US Securities and Exchange Commission’s climate-related financial disclosure framework – mean there is going to be increasing demand for high-quality financial, climate and physical data, the report noted. Verdantix’s assessment of carbon management software firms highlighted that currently no provider has a complete product portfolio that can sufficiently cater to growing reporting needs. Software firms therefore need to rapidly evolve, the report said. Kim Knickle, Verdantix’s Research Director, said: “As firms strive to meet their net zero targets and react to changing societal expectations, there is a clear requirement for independent and accurate insight on the solutions available today – and the likely direction of future innovation.” 

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