ComplianceMarch 29, 2021

What is GHG Emissions Software?

As global climate change continues to accelerate and organizations face more climate-related risks, investors and companies are embracing the need to integrate environmental, social, and governance (ESG) factors into business processes and management decisions. One of the key parts of an ESG or sustainability report is greenhouse gas (GHG) emissions or the tracking and reporting of air pollutant emissions that occur during operations. 

Being a market leader in sustainability and GHG emissions reduction is complicated because of the need to leverage large amounts of data to identify operational inefficiencies, and discover new opportunities to make further progress on air emissions goals. Most likely your company is looking for the next generation of emissions management software to rise to this challenge. 

When looking for greenhouse gas emissions software for emissions data management and reporting, you need solutions that offer key features. The solution you select should collect more data on emissions, assets, limits, tasks, and from inspections to understand your company- and site-specific inefficiencies. The solution should offer faster data processing to immediately alert you and data managers when operations are off-track so that swift action can be taken. Finally, GHG emissions software needs to have powerful analysis to leverage data points from multiple sources to help propel your company toward its emissions goals. 

Consolidating and converting GHG data into actionable insights are key to reducing emissions. With cloud-based software, you can automatically perform accurate calculations for various protocols and geographies for Scope 1, 2, and 3 GHG emissions. With software that integrates GHG emissions management and compliance, you can incorporate key global emissions standards and protocols throughout your organization, ensuring compliance with applicable regulations and minimizing your GHG emissions. 

A greenhouse gas emissions solution should also help your company select the appropriate emissions factors based on activity, emitted gas, geographic locations, and date. The right solution will also improve your inventory systems and methods, using granular and structured data collection to enhance your records and checklists. Boosting your company’s capacity to collect data and make accurate emissions calculations will enable you to make the right decisions to reduce GHG emissions and achieve corporate targets. 

Complete ESG and sustainability management at your organization requires software not only for greenhouse gas inventory, accounting, and reporting, but also ways to effectively communicate your progress on corporate goals to your key stakeholders. When your GHG emissions software is linked to stakeholder management software, you can be sure of meeting the expectations of regulators and stakeholders, improving transparency and protecting your company against long-term reputational damage.