Green Business – How Carbon Management is Helping Enterprises Tackle Climate Change

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Carbon Management Market Report Overview

Carbon management, from an enterprise perspective, is an organized approach that combines various practical, cost-effective technologies and practices to reduce CO2 emissions and make the low-carbon future a reality. The green business – how carbon management is helping enterprises tackle climate change report showcases how enterprises are quickly capitalizing on carbon management technologies for carbon assessment, capture, recycling, trading, and other use cases to make the low carbon future a reality. It presents real-world innovation use cases and examples related to the implementation of carbon management by companies across sectors. It casts light on how tech-enabled innovations are developing use cases that are helping enterprises across the sectors with managing their carbon footprint.

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Carbon Management Dynamics

Key Drivers of the Carbon Management Market: The key factors driving the carbon management across enterprises are government initiatives, favorable regulatory frameworks, business impact, and surge in customer awareness. Various countries have announced grants and aid schemes for businesses that promote the development of low-carbon or zero-carbon technologies and their adoption. Likewise, various regulatory frameworks on climate change and carbon reduction have been formulated and enforced, with the Paris Agreement (signed in 2015) being the most prominent one. Many businesses are at the receiving end of climate change. Industry sectors such as food and beverage (F&B), agriculture, tourism, and commercial fishing are directly affected by global warming and subsequent climate patterns.

Key Challenges of the Carbon Management Market: The key challenges likely to impact the carbon management are complex reporting frameworks, infrastructural and technological bottlenecks, and cost considerations. Many carbon management solutions require extensive build-out of infrastructure. For example, CO2 transportation in carbon capture and sequestration requires a large amount of energy for maintaining CO2 at high pressure and low temperatures and specifically designed pipelines. In addition, the long-time goal of increasing corporate reporting related to environmental issues resulted in the proliferation of reporting frameworks, with each having unique characteristics. This led to complexity for companies in conducting due diligence on which framework to use and becoming familiar with it so that reporting can be as efficient as possible.

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Carbon Management ESG Framework

The environmental, social, and governance (ESG) framework categorizes environmental factors into four categories – climate change, pollution, biodiversity, and natural resources and highlights investments in carbon tech as a key mitigation action to reduce greenhouse gas emissions.

Carbon Management ESG Framework

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Carbon Management Innovations

The carbon management ecosystem is a combination of technologies and approaches that assist enterprises in realizing their net-zero goals. The main technologies and approaches of carbon management are carbon assessment, carbon reduction, carbon recycling, carbon capture & sequestration, carbon trading, low-carbon materials, net-zero carbon, green fuels, and green IT among others.

Carbon Assessment: Critical Innovations

Some of the latest innovations in the carbon assessment approach of carbon management are –

American cloud-spend management solution provider Ivalua has introduced Environmental Impact Center (EIC), a tool that enables businesses to assess and lower their value chain emissions (Scope 3 emissions). Organizations can accelerate their sustainability goals significantly by incorporating EIC’s functionalities into their procurement procedures. This will provide accurate data on emissions for the direct and indirect goods and services, while enabling transparent reporting standards.

The UK-based telecom company BT Group (BT) has launched two digital tools—Carbon Network Dashboard (CND) and Digital Carbon Calculator (DCC)—to assist enterprise customers in quantifying and reducing the carbon footprint of their network-based apps and cloud workloads. The Digital Carbon Calculator helps users determine the carbon impact of their network, while the Carbon Network Dashboard provides a real-time view of power consumption.

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Carbon Assessment Outlook

Page Count 55
Carbon Management Innovations Carbon Assessment, Carbon Reduction, Carbon Recycling, Carbon Capture & Sequestration, Carbon Trading, Low-Carbon Materials, Net-Zero Carbon, Green Fuels, and Green IT
ESG Framework Climate Change, Pollution, Biodiversity, and Natural Resources
Aerogel Core
AGC
Air Company
AirCarbon
Aker Carbon Capture
Alder Fuels
Algiecel
Altenex Energy
Amazon
American Express GBT
American Rock Products
Audi
Beiersdorf
Bennamann
Blue World Technologies
Brimstone
BT Group. Carbon Collect
Carbon Craft Design
CarbonBuilt
Carbonplace
CCm Technologies
CEMEX
Cepsa Quimica
CHOOOSE
ClearML
Climate Impact X
Climeworks
Cloverly
CNH Industrial
CO2X
Converge
Dell
DEWALT
Diamond Foundry
ECL
ecolytiq
EcoRegistry
Ecotricity
Egridd
Emerging Fuels Technology
Energy Dome
Equinix
Evocco
FAW
Flexidao
Freudenberg
Genesis Cloud
GenH2
Gigabyte
Graphenglass
Graviky Labs
Halliburton
Heimdal
Hexagon AB
Honeywell
Huawei
IETA
India Glycols
Ivalua
Johnson Matthey
LanzaTech
Leko Labs
Marvel Fusion
Microsoft
Nasdaq
New Holland
NTT
PhonePe
Pina Earth
ReCarbon
Rio Tinto
Rolls-Royce
Saint-Gobain
Salesforce
Siemens
Sudlows
Sumika
Sustaera
SustainCERT
The World Bank
Toshiba
TotalEnergies
Twelve
Unilever
Value Maritime
Vedanta
Verdox
Visa
Volkswagen Immobilien
XFuel
Xpansiv

Table of Contents

Table of Contents

1. Carbon management and its drivers

2. GlobalData ESG Framework for environmental factors

3. Carbon management ecosystem

4. Carbon management use cases by ecosystem

4.1. Carbon assessment

4.2. Carbon reduction

4.3. Carbon recycling

4.4. Carbon capture & sequestration

4.5. Carbon trading

4.6. Low-carbon materials

4.7. Net-zero carbon

4.8. Green Fuel

4.9. Green IT

5. Implementation challenges

6. Methodology

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