Carbon management software enables organizations to collect, calculate, manage and report their carbon emissions in a simple and efficient way. It supports organizations in tracking their performance against the emission reduction goals, allowing them to more efficiently manage their climate change programs.

With the increasing attention on climate change, organizations are expected to be transparent about tracking and reporting their GHG emissions. It helps to identify excessive energy usage or other inefficiencies to reduce the organization’s impact on the environment.

Carbon offsetting is a way of compensating for your emissions by funding an equivalent carbon saving elsewhere. It allows organizations to fund environmental projects such as reforestation, renewable energy, etc. and make up for the emissions from their businesses.

As ESG disclosures become more commonplace, businesses that manage and improve their overall ESG performance will gain a competitive advantage over their peers in reputation, resiliency, ability to attract talent and ability to attract capital.

Some studies show that the companies with strong ESG performance are more likely to provide strong financial returns and reduce risk. Thus, ESG invites special attention from the investor and financial community. In addition, customers, employees and suppliers/ partners are becoming increasingly diligent about associating with the companies creating positive impact for the environment and society.

"What is the environmental impact of this company?" "What are the potential risks and rewards for society and for the workers of the company and the neighboring populations of its facilities?" "Is the company governed ethically, by competent, law-abiding leadership?"

ESG risks cover a wide range of environmental, social, and governance factors, such as climate change, carbon emissions, human rights, diversity, and data protection. Risks can change or accumulate over time, so it is important to regularly assess what is most important to stakeholders.

ESG risk management is a system of people, procedures and technology that allows a company to identify and monitor ESG risks, as well as avoid or minimize their impact on their assets, reputation and performance.

ESG is a framework used to assess a company regarding its environmental reporting, social responsibility and governance ethics. By integrating ESG criteria into a risk management strategy, companies will attract more investments, have greater control over their reputations, and become more resilient.

ESG reporting is used by investors to determine the financial risk an organization faces from environmental performance, social practices or regulatory compliance. ESG reporting allows organizations to monitor environmental, social and governance performance.

Given the increased ask from the investors for consistent, comprehensive and comparable ESG data, many countries are increasingly moving towards implementing mandatory ESG disclosure requirements. Countries or regions with active or proposed requirements include the United Kingdom, France, the European Union, Singapore, Australia and the United States.

There are many voluntary reporting frameworks mostly built by the non-profit organizations that provide the guidelines and standards to disclose ESG data in a structured way. Some of the popular ESG reporting frameworks include Global Reporting Initiative (GRI), SASB, CDP and UN Global Compact (UNGC).

Investors are increasingly looking for high quality, comparable data that they can use to support their investment decisions. With ESG data becoming more important in the investment decisions, the financial community expectations are to seek ESG data with quality as high as that of the financial reports, that means automated, accurate, comparable, consistent, timely and auditable data.