A Buyer’s Guide to GHG Accounting Tools

Green Biz (Fargo) - A 2009 study (PDF) by Massachusetts-based Groom Energy Research estimated that approximately 60 companies worldwide offer GHG accounting software, and more than US$46 million was invested in GHG accounting software start-ups in 2009.

With new regulations from the U.S. Securities and Exchange Commission, and increasing pressure from other regulatory bodies, as well as investors and customers, GHG accounting has become an expected practice for multinational enterprises. The Carbon Disclosure Project alone contacted more than 1,000 companies through their investor and supply chain programs in 2009 to measure and disclose their carbon footprint. And large buyers such as IBM, Tesco, and Walmart are also setting precedents by asking suppliers to report on -- and reduce -- their annual carbon footprint.

That's where GHG accounting tools come in. The market, however, is nascent and rapidly changing, which makes it difficult for companies to evaluate and commit to a solution. Read More