Consumers’ growing interest in environmental sustainability has prompted companies to launching major ad campaigns touting their green credential, often with misleading claims. Enterprise Carbon Accounting (ECA) software can have the infrastructure necessary to hold greenwashers accountable.
carbon accounting softwareWhile other industries are sputtering along or even tanking, as a result of the global recession, the emerging Enterprise Carbon Accounting (ECA) software market is experience a phase of phenomenal growth. The number as providers has almost doubled, venture capital money is flowing freely and Groom Energy predicts that ECA software purchases will increase 600 percent by 2011
In recent years there has been a ‘boom’ in the availability of online carbon emission calculation tools. It seems as though every company with the slightest interest in the area is offering assistance on both commercial and personal levels. This do-it-yourself approach offers pros and cons, opportunities and problems. Are these tools reliable? Do they do what they say they do or are they simply a way to appear green whilst actually doing very little? This article seeks to explain the issues surrounding this type of emissions calculation and answer these important questions.
A recent survey found that the majority of corporate sustainability leaders believe that their sustainability initiatives have significant strategic value for their organizations, but also feel that measurement for these initiatives are lacking, which makes communicating the outcomes of their efforts more challenging.
The financial risk of carbon liabilities, a need for better management control over carbon data, and new government regulations in a number of countries, will will compel CFOs to invest in carbon management software in the coming year. This is the main conclusion of the report, The Business Case For Carbon Management Software, from the research firm Verdantix. The report analyzes the business case for investing in carbon software from vendors like CarbonView, Carbon Hub, ESS, Greenstone Carbon Management, Hara, IHS, PE International, SAP and SAS.
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Last week after finding out that The International Federation of Accountants had developed a a Sustainability Framework for Professional Accountants. I wanted to find out what other resources they had for green accountants. I found out that they published two reports that you can download for free. See what they have…
International Federation of Accountants Develops a Sustainability Framework for Professional Accountants
The Professional Accountants in Business (PAIB) Committee of the International Federation of Accountants (IFAC) has developed a comprehensive Sustainability Framework to support professional accountants and their organizations in integrating a sustainable way of thinking and working in all business processes. The Framework illustrates how a commitment to sustainability can help to further improve an organization’s products or services, motivate its people, lower its costs and enhance its reputation.
Institute of Management Accountants Foundation for Applied Research Call For Corporate Social Responsibility (CSR)/ Sustainability Research Proposals
The Institute of Management Accountants Foundation for Applied Research is currently seeking research proposals in Corporate Social Responsibility (CSR). The Foundation for Applied Research is interested in supporting research in the area of management accounting’s involvement with sustainability reporting. Sustainability reporting (triple-bottom line, corporate social responsibility) is reporting by any organization (profit and nonprofit) of economic, environmental, and social performance indicators.