August 6, 2013
Technology news in sustainability triumphs the ability to assess and captue data. The Wall Street Journal reported, “The new Verdantix benchmark study, Green Quadrant Sustainability Management Software (Global), provides heads of sustainability, VPs of EH&S and CSR Directors with a detailed assessment to short-list potential providers.”
The first independent benchmark of sustainability management software applications finds that nine suppliers — CA Technologies, CarbonSystems, Cloudapps, Credit360, Enablon, IHS, PE International, Schneider Electric and Verisae — stand out as the leaders in the global market. The product benchmark conducted by independent analyst firm Verdantix covers the 15 most prominent suppliers through an assessment on 87 criteria, live product demonstrations and interviews with a panel of 15 customers located in eight countries with combined revenues of $104 billion.
“The increasing financial materiality of sustainability issues is driving firms such as Adidas, Chevron and Philips to invest in software that enhances data quality, saves processing time, drives executive engagement and improves both mandatory and voluntary reporting. And it’s clear that increased scrutiny of sustainability data is slowly killing the use of spreadsheets.”
The ability to harness technology to harness data that supports sustainable platforms brings a new dimension to sustainability. Many to most place sustainability in box considering its role as the link between energy, environment and emissions. This categorization denounces the ability to provide a globalized viewpoint on systems to drive, manage and produce longevity within one’s ecosystem. This model may offer tangible proof to the importance of sustainability.
Highlights from the study:
Brand preference. Credit360, Schneider Electric and SAP top the list for positive brand recognition for sustainability management software.
Data management. CA Technologies, CarbonSystems, Enablon and PE International achieve the highest scores for facilitating data capture, supporting data management and defining data models for energy, carbon, waste and water. Ninety-three per cent of customers rate enhanced data quality as a “very important” purchase driver.
Performance analysis. PE International and Schneider Electric offer the most complete functionality for setting KPIs, forecasting, recalculating baselines, conducting risk assessments and cost curves. Eighty per cent of customers state that benchmarking facilities and monitoring KPIs is required functionality.
Sustainability reporting. Cloudapps, Enablon and PE International score highest for their reporting functionality for corporate reports, GRI compatibility, CDP and DJSI submissions. According to customers, 80% require functionality for mandatory GHG reporting, 60% for CDP carbon disclosures and 53% for GRI compatible reporting.
Momentum. CA Technologies, PE International and Schneider Electric score highest on the 24 criteria assessing momentum with customers, strategic resources and commitment to sustainability. Customers make purchase decisions with reference to required functionality, quality of the user interface, proven ability to deliver and total cost of ownership.
- Schneider Electric Named a 2013 Enterprise Smart Grid Leader in Corporate Buyers Guide to Energy Management Software (prweb.com)
- Schneider to Buy Invensys for $5.2 Billion on Software (bloomberg.com)