Sustainability management and reporting are increasingly gaining prominence as organisations strive to effectively collect and report their emissions data. Businesses are now adopting and adapting various tools to streamline their sustainability reporting processes, ensuring precise compliance with regulatory requirements. Technology, in the form of sustainability reporting software, is a chronicler, ensuring accurate tracking, comprehensive emissions data collection, and swift compliance.

Research suggests the sustainability management software market is set to expand exponentially, with competition becoming more fierce and offerings being increasingly customised to meet the specifications of sectors and enterprises.

What is sustainability management software?

A sustainability management and reporting software is a solution that assists organisations in managing their emissions data accurately and efficiently from their operations. It essentially offers a comprehensive set of tools and systems that help organisations track their carbon emissions and other emissions across value chains to meet compliance. The software also plays a critical role in ensuring a company’s advancement and brand improvement in environmental, social, and governance (ESG) performance. 

They feature properties like automated data collection, real-time monitoring, carbon accounting, audit trail,  and others. Here’s a look at some of the top sustainability management software around the globe and their key features.

1. The Sustainability Cloud

The Sustainability Cloud by LogicLadder is a one-stop solution to meet all sustainability management and reporting challenges. It offers organisations multiple products like TSC NetZero, TSC Energy, TSC Water and TSC Enviro to facilitate the measurement, tracking and reporting of carbon emissions, water, energy and environmental pollution. The platform helps organisations comply with 10+ ESG reporting frameworks (BRSR, GRI, and CSRD), climate disclosures (CDP, TNFD), and financial disclosures (SASB, IFRS S1 and S2, SFDR) through integrated reporting.

The Sustainability Cloud is trusted by more than 1000 companies all over the world for future-proofing businesses, and it can successfully fulfil sustainability reporting frameworks such as ESRS, SEC, SECR, and SEC – California in compliance with GHG Protocol, PACT, EPA, IPCC and help set up targets to meet SBTi adherence.

2. Persefoni

Persefoni’s is an AI-powered carbon management and reporting platform that enables assurance-grade GHG emissions reporting for every major climate disclosure regulation. From Net-zero target setting, reduction modelling, and supplier engagement for advanced decarbonization to financed emissions measurement and analytics for financial services companies, Persefoni is a one-stop solution for climate action. It also offers expert support to enterprises on carbon management.

3. FigBytes

The FigBytes smarter sustainability platform boasts of being a single tech platform for an organisation’s entire sustainability roadmap. It assists organisations in automating and managing end-to-end sustainability management and carbon accounting. The platform offers services like water stewardship, carbon accounting, and ESG reporting. FigBytes captures operational and supplier data in one central, secure, cloud-based platform that automates reporting and simplifies stakeholder engagement. It also helps map strategy and visualise progress with integrated facilities. One of its key features is data calculation with a built-in emission factors library. 

4. Workiva

Leading sustainability management platform Workiva simplifies and connects financial reporting, ESG, audit and risk management of enterprises on a single platform. It helps connect data by pulling financial and non-financial data into a single source of truth. Moreover, it unifies processes to enhance cross-team workflow and ensure work coordination across financial reporting, environmental, social, and governance (ESG), as well as governance, risk, and compliance (GRC). Harnessing innovation and automation to help companies focus on value-added work is a key benefit of Workiva.

5. Sphera

Sphera is an enterprise sustainability management software platform that provides actionable and measurable results for enterprises to gain a comprehensive view of the ESG performance and risk in real-time. By combining software, data, and consulting services, Sphera enables companies to meet all regulatory reporting and assurance requirements. Additionally, its software fosters collaboration among teams dedicated to achieving safety and sustainability objectives.

There is a significant shift in the approaches and perspectives of various companies regarding the management and transparent reporting of their sustainability initiatives. The primary challenge faced by firms in achieving sustainability goals pertains to data management and accuracy. However, leveraging the right technology with easy-to-use interfaces can effectively transform how your organization does sustainability reporting.