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Carbon Management Software

New technology allows individuals and organizations to become carbon intelligent

Overview

Managing carbon footprints with software

A new set of technology-based solutions are proving effective at managing the carbon footprint of a wide range of users. Global warming leads to new record temperatures year after year and greenhouse gas (GHG) emitting human activities are directly responsible. Current GHG emission levels must be halved by 2030 and net-zero emissions must be reached by 2050 to contain global warming at sub-catastrophical level. The rapid commercialization of carbon management solutions is vital to quickly decarbonising the economy over the next decade.

What's driving this industry?
Market Sizing

The US market for Carbon Management Software could reach USD 6.2-9.4 billion by 2026

Conservative case

USD 6.2 Bn

Base case

USD 7.3 Bn

Expansion case

USD 9.4 Bn

USD billion0246810202120222023202420252026
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Market Mapping


Different customers demand different technologies

The business-to-business (B2B) market is dominated by carbon intelligence startups while the business-to-consumer (B2C) market is dominated by carbon offsetting startups; B2B carbon offsetting and B2C carbon intelligence startups are somewhat limited. This can be attributed to the presence of established non-software offsetting players in the B2B offsetting market and the lack of monetization opportunities for pure-play carbon intelligence companies in the B2C market.

Incumbents
Growth
Early
Seed
Pre-Seed
B2B Carbon Intelligence: Internal
?
B2B Carbon Intelligence: Supply Chain
?
B2B Carbon Offsetting
?
B2C Carbon Intelligence
?
B2C Carbon Offsetting
?
Carbon Marketplace
?
Supercritical
Supercritical
Supercritical
Supercritical
Supercritical
Supercritical
Microsoft
Salesforce
SAP
ServiceNow
Oracle
IsoMetrix
Intelex
Enablon
Dakota Software
Sphera
Carbon Trust
VelocityEHS
Greenstone
Cority
Native
ENGIE
EcoVadis
Measurabl
Worldfavor
Metrio
Persefoni
Watershed
Carbon Direct
Normative
Sylvera
SINAI
Emitwise
Proof of Impact
CarbonCloud
Sweep
ESGgo
Nossa Data
EcoVadis
Pearl Certification
Worldfavor
Circular IQ
Normative
Circulor
Topl
Emitwise
Provenance
Sweep
CarbonChain
Pachama
Treedom
Patch
Klima
Plan A
Ecolytiq
CHOOOSE
Ecologi
Planetly
Cloverly
Contreeb
CarbonX
Mossy Earth
Supercritical
Tapio
DODO
Giki
Pawprint
Treedom
Treeapp
Klima
CHOOOSE
Ecologi
Wren
CoGo
Joro
YAYZY
Capture
Refoorest
offCents
UCapture
Mossy Earth
Minimum
NCX
Nori
Puro.earth
Sweep
Single.Earth
ClimateTrade

The Disruptors


Low capital intensity allows startups to grow faster

Most of the startups in the industry are relatively young, having launched in the past two to three years. And despite relatively low levels of capital infusion, these startups have grown quickly. Nearly two-thirds of these startups are in the early-stage but only a handful have raised more than USD 10 million in funding.

B2B Carbon Intelligence: Internal

?

Disruptors

?
Funding in USD Millions
EcoVadis
736
Persefoni
114
Sweep
100
Measurabl
80
Watershed
70
Carbon Direct
60
Normative
45
Sylvera
38
SINAI
36
Emitwise
17
Worldfavor
15
Proof of Impact
8
ESGgo
7
CarbonCloud
6
Metrio
Unknown
Watchlist
?
Nossa Data

B2B Carbon Intelligence: Supply Chain

?

Disruptors

?
Funding in USD Millions
EcoVadis
736
Sweep
100
Normative
45
Circulor
45
Topl
20
Emitwise
17
Pearl Certification
16
Worldfavor
15
Provenance
7
Circular IQ
0
Watchlist
?
CarbonChain

B2B Carbon Offsetting

?

Disruptors

?
Funding in USD Millions
Patch
81
Pachama
79
Treedom
36
Klima
18
Plan A
15
CHOOOSE
12
Ecologi
10
Planetly
6
Supercritical
3
Cloverly
2
CarbonX
Unknown
Mossy Earth
Unknown
Watchlist
?
Ecolytiq
Tapio
DODO
Contreeb

B2C Carbon Intelligence

?

Disruptors

?
Funding in USD Millions
Giki
Unknown
Watchlist
?
Pawprint

B2C Carbon Offsetting

?

Disruptors

?
Funding in USD Millions
Treedom
36
Klima
18
CHOOOSE
12
Ecologi
10
Wren
8
CoGo
7
Joro
4
Capture
0
Mossy Earth
Unknown
Treeapp
Unknown
offCents
Unknown
UCapture
Unknown
Watchlist
?
Minimum
YAYZY
Refoorest

Carbon Marketplace

?

Disruptors

?
Funding in USD Millions
Sweep
100
NCX
79
Nori
12
ClimateTrade
10
Puro.earth
Unknown
Watchlist
?
Single.Earth

EcoVadis

France-based EcoVadis provides sustainability ratings for businesses and supply chains. EcoVadis follows a SaaS model with one-year subscriptions for  business ratings ranging from EUR 725-EUR 5,145 (USD 874-USD 6,202) for a medium-sized company with 100-999 employees.

EcoVadis assesses a company’s policies, actions, and results, as well as inputs from third-party professionals and external shareholders before giving a rating. Ratings are based on four broad themes of environment, labor and human rights, ethics, and sustainable procurement.  EcoVadis acquired ecotrek , a German-based data mining company, to scale up its ESG driven-AI capabilities in July 2022.

As of March 2021, EcoVadis has assessed more than 75,000 companies and trade partners across more than 160 countries. Procurement teams at 600 companies, including more than 450 multinationals, use EcoVadis ratings to make purchasing decisions. Johnson & Johnson, Nestle, Louis Vuitton, and L’Oréal are some of EcoVadis’s high-profile clients. EcoVadis partnered with Certa , a third-party risk management platform and Taulia , a working capital management firm to improve transparency across supply chains.

EcoVadis’s most recent funding was in June 2022 , when it raised USD 500 million from Astorg and BeyondNetZero. The transaction is considered the largest in the industry, and EcoVadis expects to utilize the funds to scale globally. Previously in January 2020, the company raised USD 200 million from CVC Capital Partners. As of June 2022, EcoVadis is the highest funded business-to-business carbon management software startup. 

Segment:
B2B Carbon Intelligence: Internal
Total funding:
USD 735.8 million
Competitors:
Sylvera
Disruptor Funding History

B2B Carbon Intelligence: Internal:

EcoVadis
Persefoni
Sweep
Measurabl
Watershed
Carbon Direct
Normative
Sylvera
SINAI
Emitwise
Worldfavor
Proof of Impact
ESGgo
CarbonCloud
Nossa Data

B2B Carbon Intelligence: Supply Chain:

EcoVadis
Sweep
Normative
Circulor
Topl
Emitwise
Pearl Certification
Worldfavor
Provenance
Circular IQ
CarbonChain

B2B Carbon Offsetting:

Patch
Pachama
Treedom
Klima
Plan A
CHOOOSE
Ecologi
Planetly
Supercritical
Cloverly
Ecolytiq
Tapio
DODO

Competitive Analysis


Filter by a segment or companies of your choice
B2B Carbon Intelligence: Internal

Incumbents


Established firms go in-house to enter the market

The business-to-business (B2B) carbon intelligence segment is dominated by leading enterprise resource planning and risk management software providers. Most incumbents offer B2B carbon intelligence software as cross and up-selling opportunities to complement their existing enterprise solutions and have done so by leveraging in-house experience and capabilities.

These companies have the advantage of already possessing vast amounts of data related to their customers’ operations, enabling them to offer broad, comprehensive, and turnkey carbon intelligence solutions across the value chain. In contrast, most disruptor and watchlist providers have a more limited scope, focusing only on a few business areas and across limited industries.

Apart from the B2B carbon intelligence segment, the presence of large incumbents remains limited, although traditional (non-software) carbon offsetting companies that already sell carbon offsets online have the potential to expand into software solutions in the future. Nevertheless, as of March 2021, Native is the only traditional offsetting player to offer carbon management software.

B2B Carbon Intelligence: Internal
B2B Carbon Intelligence: Supply Chain
B2B Carbon Offsetting
B2C Carbon Intelligence
B2C Carbon Offsetting
Carbon Marketplace
In House Development
M&A
Partnership
Investment
Microsoft
Salesforce
SAP
ServiceNow
Oracle
IsoMetrix
Intelex
Enablon
Dakota Software
Sphera
Carbon Trust
VelocityEHS
Greenstone
Cority
Native
ENGIE

Notable Investors


No investor data is available

Funding data are powered by Crunchbase
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