12 Best Carbon Accounting Platforms for SME & Enterprises in 2024 [Review]

Choosing the best carbon accounting platform for your business can be a daunting task, especially with the variety of options available in the market. It can be difficult to select the one that is a perfect fit for your needs.

In this article, we’ll review the 12 best carbon accounting platforms for SMEs and enterprises in 2024. Whether you’re looking to reduce your carbon footprint, comply with regulations, or simply track your emissions more effectively, we’ve got you covered.

So, let’s get started.

What is Carbon Accounting?

Before getting straight to the best Carbon Accounting Platforms, it’s essential to first understand what is Carbon Accounting.

Well, carbon accounting is the process of measuring and tracking the amount of greenhouse gas emissions (primarily carbon dioxide) that are being released into the atmosphere as a result of human activities.

Fossil fuels, deforestation, and industrial processes are major sources of harmful greenhouse gas emissions. It is important to take action to reduce these emissions and ensure a sustainable future for our planet.

Carbon accounting is crucial for businesses and organizations looking to manage their environmental impact and mitigate climate change.

Companies can effectively reduce their carbon footprint by precisely measuring their carbon emissions, establishing emissions reduction goals, and monitoring their advancement over time.

Now you know the basics of Carbon Accounting. It’s time to learn about Carbon Accounting platforms.

What is the Carbon Accounting Platform?

A carbon accounting platform is a software solution that helps businesses and organizations measure, manage, and report their greenhouse gas emissions.

Carbon footprint tracking platforms usually come equipped with a variety of tools, including emissions calculators, data collection features, reporting templates, and analytics dashboards, that enable users to track their carbon footprint effectively and with precision.

Carbon accounting platforms are designed to streamline the carbon accounting process, making it easier for businesses to identify emission sources, monitor progress toward emissions reduction goals, and comply with regulatory requirements.

Platforms can help businesses reduce their carbon footprint by adopting sustainable practices and investing in energy-efficient technologies.

Overall, carbon accounting platforms are essential tools that enable businesses and organizations to take significant steps toward reducing their environmental impact and combating climate change.

Watch this video by Fifth Wall to learn more about Carbon Accounting:

Carbon Accounting Platform Features

Carbon Accounting platforms offer a range of features that aid businesses in efficiently handling their carbon emissions. Some of the common features found in these platforms include:

1.   Data Collection: Tools for collecting data on energy consumption, transportation, waste generation, and other sources of greenhouse gas emissions.
2.   Emissions Calculation: Calculators and algorithms to estimate greenhouse gas emissions based on the collected data and emission factors.
3.   Reporting: Templates and tools for generating standardized emissions reports for internal and external stakeholders, as well as for regulatory compliance.
4.   Analytics: Dashboards and data visualization tools to help users analyze their emissions data, identify trends, and track progress toward emissions reduction goals.
5.   Scenario Analysis: Tools for modeling different scenarios to assess the potential impact of emissions reduction strategies and make informed decisions.
6.   Inventory Management: Features for managing emissions data, including data storage, retrieval, and version control.
7.   Compliance: Tools to help businesses comply with carbon reporting regulations and standards, such as the Greenhouse Gas Protocol or the Carbon Disclosure Project.
8.   Integration: Capability to integrate with other systems, such as accounting software or sustainability management platforms, to streamline data sharing and reporting processes.
9.   Auditing: Features to facilitate internal and external audits of emissions data and reporting processes.
10.   User Management: Tools for managing user access and permissions, as well as for assigning responsibilities and tracking progress.

The selection of a carbon accounting platform should be done carefully, considering the specific requirements and priorities of businesses, as the features can differ depending on the platform.

Now, let’s discuss the top 12 best Carbon Accounting Platforms you can consider using.

12 Best Carbon Accounting Platforms

1. Greenly

Website: Greenly

Integrations: Xero, QuickBooks, Salesforce

Price: Starting at $49/month

Best for: SMEs

Greenly

Overview: Greenly offers a comprehensive carbon accounting platform that enables small and medium-sized enterprises (SMEs) to track and manage their carbon footprint effectively.

With an easy-to-use interface and integration with popular business tools like Xero, QuickBooks, and Salesforce, Greenly simplifies the process of carbon accounting for businesses looking to make sustainable choices.

Key Features:

· Carbon footprint tracking

· Sustainable insights

· Integration with business tools

· Customizable reports

· Support for regulatory compliance

2. IBM’s Environmental Intelligence Suite

Website: IBM’s Environmental Intelligence Suite

Integrations: Integrates with various IBM and third-party data sources and platforms.

Price: Pricing is available upon request and depends on the specific needs of the organization.

Best for: SMEs

IBM Environmental Intelligence Suite

Overview: IBM’s Environmental Intelligence Suite is a comprehensive platform designed to help enterprises manage their environmental impact. It provides tools for carbon accounting, environmental data management, and sustainability reporting. The suite integrates with various data sources, allowing organizations to collect and analyze environmental data from across their operations. With its advanced analytics and reporting features, IBM’s Environmental Intelligence Suite helps organizations improve their environmental performance and achieve their sustainability goals.

Key Features:

· Carbon accounting and tracking

· Environmental data management

· Sustainability reporting

· Integration with IBM and third-party data sources

· Advanced analytics for environmental insights

3. Microsoft Sustainability Cloud

Website: Microsoft Sustainability Cloud

Integrations: Microsoft 365, Power BI, Azure, and other Microsoft services for seamless data management.

Price: Pricing is available upon request, tailored to the needs of SMEs and enterprises.

Best for: SMEs

Microsoft Sustainability Cloud

Overview: Microsoft Sustainability Cloud is a robust platform that helps organizations track, analyze, and report on their sustainability initiatives. With integration capabilities with Microsoft’s suite of services, it offers a seamless experience for data management and reporting. The platform enables businesses to set and track sustainability goals, manage their carbon footprint, and comply with regulatory requirements.

Key Features:

· Sustainability goal setting and tracking

· Carbon footprint measurement and management

· Data visualization and reporting

· Integration with Microsoft services

· Regulatory compliance support

4. Normative

Website: Normative

Integrations: Scope 3 supply chain emissions and all data management tools

Price: Pricing is available upon request and depends on the specific needs of the organization.

Best for: SMEs, ENTREPRISES

Normative

Overview: Normative is a carbon accounting platform revolutionizing how businesses collect, report, and understand carbon emissions. Its carbon accounting engine provides clear and actionable insights and assists companies in defining a sustainable growth trajectory. Normative empowers businesses to plan emissions reductions and lead the charge into the net-zero frontier.

Key Features:

· Comprehensive carbon calculation

· Expert support

· Audit and compliance-ready

· Risk Management

· Stakeholder, Supplier, and Sustainability Management

· Water Management

5. Persefoni

Website: Persefoni Website

Integrations: Integrations with popular data sources and platforms such as ERP systems, IoT devices, energy management systems, and more.

Price: Pricing details for Persefoni are available upon request.

Best for: SMEs, ENTREPRISES

Persefoni

Overview: Persefoni is a leading carbon accounting platform empowering businesses to track, manage, and reduce their carbon emissions effectively. With a user-friendly interface and powerful features, Persefoni helps organizations of all sizes achieve their sustainability goals. The system smoothly incorporates diverse data sources, allowing for immediate access to information on carbon footprints and emission patterns.

Key Features:

· Comprehensive carbon accounting

· Real-time emissions tracking

· Data integration with various sources

· Customizable reporting and analytics

· Regulatory compliance support

6. Plan A

Website: Plan A 

Integrations: Integrates Asana, Trello, and Jira, as well as with communication tools like Slack and Microsoft Teams.

Price: Pricing details for Plan A are available upon request.

Best for: SMEs, ENTREPRISES

Plan A

Overview: Plan A is an all-inclusive platform for managing projects that aims to simplify processes and promote effective teamwork. With a focus on simplicity and efficiency, Plan A offers a range of features to help teams manage projects effectively. The platform integrates seamlessly with popular project management and communication tools, allowing teams to work seamlessly across different platforms. Plan A is a user-friendly project management tool with comprehensive features that enhance productivity.

Key Features:

· Task management and tracking

· Team collaboration tools

· Integration with widely used project management and communication tools.

· Customizable workflows

· Reporting and analytics

· Time tracking

· Document management

7. Salesforce’s Net Zero Cloud

Website: Salesforce Net Zero Cloud

Integrations: Integrates with various Salesforce services and external data sources for comprehensive environmental impact management.

Price: Starts at $48,000 per year.

Best for: SMEs, ENTREPRISES

Salesforce

Overview: Salesforce has developed a sustainability management platform called Net Zero Cloud. This platform is designed to assist organizations in managing their environmental impact and monitoring their progress toward achieving net zero emissions. It provides tools for carbon accounting, emissions tracking, and sustainability reporting, covering Scope 1, 2, and 3 emissions. The platform is built on Salesforce’s robust cloud infrastructure, offering a comprehensive solution for environmental data management and reporting.

Key Features:

· Data Gap Filling Log using AI to flag inconsistencies and estimate missing data.

· Pre-populated with globally recognized emissions factors for accurate carbon footprint calculations.

· Executive-ready dashboards for visualizing energy patterns and emission trends.

· Supplier Scorecard for tracking supply chain carbon accounting and sustainability objectives.

· Net Zero Marketplace for buying and selling carbon credits to support climate action initiatives.

· Integration with various Salesforce services for seamless data management and reporting​

8. Sinai Technologies

Website: Sinai Technologies

Integrations: Integrates with various data sources for comprehensive emissions tracking.

Price: Pricing details are available upon request.

Best for: Enterprises seeking a customizable carbon accounting solution with advanced analytics.

Sinai Technologies

Overview: Sinai Technologies offers a carbon accounting platform that enables businesses to measure, analyze, and manage their carbon emissions effectively. With a focus on data-driven insights, Sinai Technologies provides tools for tracking emissions across all scopes, identifying reduction opportunities, and reporting in compliance with global standards.

Key Features:

· Comprehensive emissions tracking across Scope 1, 2, and 3.

· Advanced analytics for identifying reduction opportunities.

· Customizable reporting for compliance with global standards.

· Integration with various data sources for accurate emissions calculation.

· User-friendly dashboard for monitoring and managing carbon footprint.

9. Sphera

Website: Sphera

Integrations: Offers integration with various data sources and systems for seamless data management.

Price: Pricing details are available upon request.

Best for: Organizations looking for a comprehensive ESG solution with strong regulatory compliance features.

Sphera

Overview: Sphera provides an integrated software solution for environmental, social, and governance (ESG) management, including carbon accounting. It helps organizations track their emissions, manage compliance with environmental regulations, and improve their overall sustainability performance.

Key Features:

· Emissions tracking and carbon accounting across all scopes.

· Regulatory compliance management for environmental reporting.

· Risk assessment and management for sustainability initiatives.

· Data management and integration for accurate reporting.

· Customizable dashboards and reporting tools for stakeholder engagement.

10. Sweep

Website: Sweep

Integrations: Integrates with various data sources for comprehensive carbon tracking.

Price: Pricing details are available upon request.

Price: Pricing details are available upon request.

Best for: Companies looking for a collaborative platform to engage their entire ecosystem in carbon management.

Sweep

Overview: Sweep is a carbon management platform that enables businesses to track their emissions, engage their partners, and drive collective action towards reducing their carbon footprint. It offers tools for measuring emissions, setting targets, and tracking progress collaboratively.

Key Features:

· Emissions tracking and measurement across all scopes.

· Collaboration tools for engaging suppliers, partners, and employees.

· Target setting and progress tracking for carbon reduction initiatives.

· Customizable reporting for transparency and stakeholder communication.

· Integration with various data sources for accurate emissions calculation.

11. Sustain.Life

Website: Sustain.Life

Integrations: Integrates with existing business systems for seamless data management.

Price: Pricing details are available upon request.

Best for: SMEs and enterprises looking for a user-friendly platform to manage their sustainability efforts.

Sustain.Life

Overview: Sustain.Life offers a sustainability management platform that helps businesses measure their environmental impact, set sustainability goals, and track progress. It provides tools for carbon accounting, waste management, and energy efficiency, among other features.

Key Features:

· Carbon footprint calculation and tracking.

· Goal setting and progress tracking for sustainability initiatives.

· Waste management and energy efficiency tools.

· Integration with business systems for data accuracy.

· User-friendly interface and reporting capabilities.

12. Watershed

Website: Watershed

Integrations: Offers integration with various data sources for comprehensive emissions tracking.

Price: Pricing details are available upon request.

Best for: Enterprises seeking a data-driven approach to carbon management and climate action.

Watershed

Overview: Watershed is a climate platform that helps companies measure their carbon footprint, set science-based targets, and take action to reduce emissions. It provides tools for tracking emissions across the supply chain, purchasing renewable energy, and investing in carbon removal.

Key Features:

· Comprehensive carbon footprint measurement across all scopes.

· Science-based target setting and progress tracking.

· Renewable energy purchasing and carbon removal options.

· Supply chain engagement for collective climate action.

· Data-driven insights and reporting for transparency and accountability.

Different organizations have different sustainability goals. To accommodate these needs, various platforms offer features and capabilities to suit them. Evaluate options based on your requirements and objectives to find the best fit for your carbon management needs.

How to Select the Best Platform for Your Organization?

Selecting the best carbon accounting platform for your organization involves considering various factors to ensure that the tool aligns with your sustainability goals and operational needs. Here are some steps to help you make an informed decision:

1.   Define Your Objectives: Clearly outline your sustainability goals and objectives. Determine what you want to achieve with the carbon accounting platform, such as compliance with regulations, reducing your carbon footprint, or enhancing your sustainability reporting.
2.   Assess Your Needs: Evaluate the specific needs of your organization, including the scope of emissions you need to track (Scope 1, 2, and 3), the complexity of your operations, and any industry-specific requirements.
3.   Consider Integration Capabilities: Consider searching for platforms that can seamlessly integrate with your current systems, including ERP, HR, and financial software. Seamless integration ensures accurate data collection and minimizes manual data entry.
4.   Evaluate Features and Functionality: Compare the features of different platforms to see which ones align with your needs. Key features to consider include emissions tracking, data management, reporting capabilities, analytics, and support for regulatory compliance.
5.   Check for Scalability: Choose a platform that can grow with your organization. It should be able to handle increased data volume and complexity as your sustainability efforts expand.
6.   Look at User-Friendliness: Ensure that the platform is easy to use and understand. A user-friendly interface will encourage adoption among your team members and stakeholders.
7.   Review Support and Training: It’s important to take into account the level of customer support and training offered by the platform vendor as they play a crucial role in ensuring the successful implementation and seamless use of the platform.
8.   Analyze Cost: Compare the pricing models of different platforms. Consider both the initial investment and the ongoing costs. Ensure that the platform offers value for money and fits within your budget.
9.   Research Vendor Reputation: Look into the reputation and experience of the platform provider. When looking for a vendor, make sure they have a solid history of sustainability and carbon accounting.
10.   Request Demos and Trials: Before making a final decision, request demos or trial versions of the platforms you are considering. This will give you hands-on experience and help you assess their suitability for your organization.

By carefully evaluating these factors, you can select a carbon accounting platform that meets your organization’s sustainability goals and operational needs.

Conclusions

Selecting the right carbon accounting platform for your business is a crucial step toward managing your environmental impact and achieving your sustainability goals. Whether you’re a small or medium-sized enterprise or a large corporation, there’s a platform out there that can meet your needs.

References:

Climateanalytics.org: When will global greenhouse gas emissions peak?

Minimum.com: What are carbon reporting regulations?

UNFCC: Tips to Reduce Your Emissions

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