The American business consulting and market research firm Frost & Sullivan has awarded the enterprise software company Carbmee with its prestigious Best Practices Enabling Technology Leadership Award for its evolutionary Environmental Intelligence System (EIS)-based carbon management solution. This recognition by Frost & Sullivan is reserved for companies that are at the forefront of innovation and growth in their industries, with the company having a dedicated team of experts who are constantly evaluating businesses across various industries around the world.
Carbmee leverages environmental intelligence to automate enterprise decarbonization and enable companies to keep their carbon footprint in check. Its revolutionary EIS-based carbon management solution combines science-based life cycle assessment (LCA) and artificial intelligence (AI) to automate carbon management for enterprises.
While many companies have started to put a bigger focus on sustainability and the environment, the tools that are currently available in the market are limited in their capabilities, as they cannot evaluate complex scope 3 emissions. In fact, they can only enable the tracking of scope 1 and scope 2 emissions. With scope 1 being direct emissions, such as those from a company's facilities and vehicles, and scope 2 being indirect emissions, such as those resulting from purchased electricity, heat, cooling, and more.
However, with scope 3 emissions making up around 80 percent of a company's total emissions, there is a big demand for a solution that is capable of tracking scope 3 emissions, which are produced indirectly across a company's entire value chain. Carbmee realized that there was a market gap and launched its innovative carbon management platform to enable enterprises around the world to keep track of all their emissions.
A novel solution for a classic issue
Carbmee's novel solution, which combines bottom-up and top-down approaches to address all of a company's end-to-end carbon management needs, was facilitated by a host of world-class procurement, LCA, software engineering, and data science experts. With its EIS-enabled carbon management platform solution, Carbmee provides a comprehensive overview of a client's operations, procurement, and supply chain. Further, it enhances reporting capabilities to address the needs of its clients' corporate strategy, sustainability, and finance teams.
According to Frost & Sullivan, Carbmee excels in many of the criteria in the carbon management space. Its EIS platform facilitates easy enterprise resource planning (ERP) data integration and enables clients to define their emissions baseline, scale carbon analysis, and more. This ERP data is then used to automatically generate emissions calculations. Further, the platform enables the integration of data from suppliers, clients, or other third parties.
EIS is connected with various comprehensive databases containing more than 18,000 datasets for activities and products across all industries. Additionally, its AI matches collected ERP and primary supplier data with these Greenhouse Gas Protocol-compliant carbon emissions databases to generate an accurate emissions calculation. This AI is also used to provide clients with actionable insights that they can use to identify their carbon hotspots and reduce their emissions.
Successfully driving innovation and growth is essential. However, with disruptive technologies, value chain compression, and new business models emerging all the time, it can be quite challenging. Further, industry convergence poses a unique, novel set of challenges. This is why Frost & Sullivan's research team recognizes Carbmee as a leading software provider in the carbon management space. It leverages cutting-edge methodologies and technologies to enable companies to reduce their emissions and increase their efficiency.
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