SALEM, Mass., Jan. 14, 2009
According to a new research study released this week by Groom Energy Solutions and Pure Strategies Consulting, the number of companies disclosing their greenhouse gas emissions (GHG) will triple in the next two years and the number of firms using commercial GHG software will quadruple in the same time period.
Today, an estimated 3,000 companies worldwide track and report GHG emissions. In much the same way that businesses use financial reporting to judge operational performance, these organizations use GHG emissions reporting to measure their sustainability performance – hence the new category coined by Groom Energy and Pure Strategies: Enterprise Carbon Accounting (ECA).
The new report was created as a guide for organizations who are considering or have just begun tracking and reporting their own GHG emissions. Organization initially use spreadsheets to manage data, but as the process becomes cumbersome, are increasingly investing in commercial ECA software from one of 40 vendors identified in the report. The report lists 20 key features that help justify investment in ECA software and provides a framework on whether organizations should continue to use spreadsheets or invest in commercial ECA software.
“At Groom Energy our focus is helping enterprises make progress toward achieving sustainability and reducing their overall carbon footprint,” said Jonathan Guerster, president and CEO of Groom Energy. “It was only natural that as we learned more about the challenges with GHG tracking and reporting that we would develop a more formal research study to describe the observations and best practices.”
The study identifies software packages from 40 different vendors in four categories: offerings from existing Environmental Health and Safety vendors (EHS), new products from larger firms, startup companies, and free tools. Key features considered to justify software purchase were: cost savings, reducing risk of incorrect data, and increased employee productivity.
- The number of firms reporting GHG is expected to quadruple in next 2 years. More than 40 vendors offer solutions to track GHG, but the market is nascent with 96 worldwide installs;
- Firms are moving away from using spreadsheets to track information as it becomes more critical to business image and stakeholders (customers, employees, investors, and environmental groups) demand carbon emissions disclosure;
Pricing and Availability
The report is available now and is priced at $495 for a single user and $695 for a company license. To review an abstract of the report or to purchase online, visit www.groomenergy.com.
About Pure Strategies
Pure Strategies provides strategic and operational sustainability consulting services to socially responsible business. Our teams of management consultants, engineers, and scientists, help companies develop and implement green business strategies. From technical audits to product design, lifecycle analysis and strategic planning, Pure Strategies has helped some of the nation’s leading eco friendly companies deepen their sustainability efforts. Pure Strategies greenhouse gas inventory practice dates back to 1999 when the company prepared Stonyfield Farms’ first ever carbon footprint. Company clients include Seventh Generation, Stonyfield Farms, Mars, Oakhurst Dairy, Unilever, NOLS, Borden Chemical, General Chemical, Air Products, Rockline, and Timberland. For more information on Pure Strategies please refer to www.purestrategies.com.
About Groom Energy Solutions
Groom Energy Solutions (GES) provides renewable and energy efficiency solutions to companies across the United States. GES designs, engineers and installs energy technology projects helping reduce costs while positively affecting the environment. These projects include energy efficiency solutions such as control systems, daylight harvesting, HVAC, lighting and power factor correction and renewable energy solutions such as architectural wind, solar electric and solar thermal systems. In addition, GES provides climate impact consulting, demand response program participation, energy commodity purchasing, maintenance programs and financing services.
Groom Energy’s customers include companies such as Budweiser, EMC Corporation, General Electric, Ocean Spray and Thermo Fischer Scientific. For more information on Groom Energy Solutions please refer to www.groomenergy.com.