Carbon accounting software for companies in Finland

Finnish companies should engage in carbon accounting to effectively manage and reduce their greenhouse gas (GHG) emissions, comply with regulatory requirements, and enhance their corporate reputation and stakeholder trust.

Carbon accounting allows Finnish companies to gain a comprehensive understanding of their carbon footprint, which is essential for setting and achieving emission reduction goals. By accurately measuring their emissions, Finnish firms can pinpoint primary GHG sources within their operations and supply chains, thus enabling the implementation of targeted strategies for emission reduction. This not only fosters environmental sustainability but also improves operational efficiency and cost savings by mitigating energy waste.

In Finland, as part of the European Union, companies face stringent climate policies, including the European Sustainability Reporting Standards (ESRS), which necessitate detailed disclosure of climate-related targets and performance across Scope 1, 2, and 3 emissions. Compliance with these standards mandates robust carbon accounting practices, helping Finnish companies avoid legal penalties and ensuring that they maintain their operational licenses. Adhering to such regulations can also enhance a company's reputation by attracting eco-conscious investors and customers who value sustainability.

Moreover, transparent carbon accounting can significantly boost the trust of stakeholders and the overall corporate reputation of Finnish companies. Investors, customers, and regulators in Finland increasingly demand transparency regarding environmental impacts, pushing companies to disclose their carbon footprint and demonstrate a commitment to reducing GHG emissions. Such transparency not only improves a company’s market differentiation and brand image but also prepares it for future regulatory changes and the growing global emphasis on sustainability.

Implementing carbon accounting software offers Finnish companies numerous advantages, including enhanced accuracy, regulatory compliance, and better sustainability management.

Firstly, employing carbon accounting software in Finland allows companies to automate and streamline their emissions data collection and analysis, significantly reducing manual workload and potential errors. This software integrates seamlessly with multiple data sources within Finnish businesses, providing a comprehensive view of their carbon footprint. Automation also means real-time insights are readily available, enabling Finnish companies to make quicker, more informed decisions regarding their carbon management strategies.

Secondly, carbon accounting software aids Finnish companies in meeting both domestic and international regulatory requirements. Finland is part of the European Union, which imposes stringent environmental regulations and standards. By using software aligned with frameworks such as the Greenhouse Gas Protocol and the European Sustainability Reporting Standards (ESRS), Finnish companies can ensure they remain compliant with these mandates. This not only helps in avoiding penalties but also bolsters their reputation for transparency and accountability in the eyes of regulatory bodies and consumers.

Lastly, carbon accounting software equips Finnish companies with powerful tools to track and report their sustainability efforts, which is increasingly crucial in a country known for its environmental consciousness. The software facilitates the setting and monitoring of emission reduction targets, generating detailed reports that are valuable for both internal strategic planning and external stakeholder communication. For Finnish businesses, demonstrating a commitment to sustainability through precise data tracking and reporting helps in building trust with investors, customers, and the wider community, ultimately providing a competitive edge in the market.

Plan A's software assists Finnish companies in carbon accounting by providing a robust platform that simplifies emissions calculations, identifies reduction opportunities, and ensures compliance with local and international regulations.

Plan A's platform streamlines data collection processes across Finnish companies, including their various teams and suppliers. This ensures precision through adherence to the latest scientific standards, a critical aspect given Finland’s commitment to sustainable practices. The software aggregates emission data from different sources into a secure, customisable dashboard, using methods such as bulk data uploads and guided templates to maintain consistency and accuracy for a reliable carbon footprint assessment.

In addition, the software delivers detailed data analysis with customisable dashboards and charts, aiding Finnish companies in identifying emissions hotspots across their operations. It calculates emissions across all scopes (1, 2, and 3) in line with the GHG Protocol, providing insights into major emission sources. This is particularly relevant in Finland, where businesses are increasingly focusing on sustainability and transparency to meet both national and EU environmental goals.

Furthermore, Plan A’s software supports Finnish businesses in setting and pursuing science-based decarbonisation targets. It offers tailored action plans and forecasts for future emissions and cost risks, empowering companies to devise effective decarbonisation strategies. This adaptability is vital for Finnish enterprises aiming to stay competitive and meet Finland's rigorous environmental regulations, advancing their progress towards net-zero emissions.

In Finland, the top carbon accounting software providers include Plan A, Position Green, Normative, Visma Finland, IBM's Environmental Intelligence Suite, and Salesforce's Net Zero Cloud, with Plan A leading the way.

Plan A's software helps companies do carbon accounting by providing a comprehensive platform for calculating emissions, identifying hotspots, setting reduction targets, and aligning with regulatory requirements. Plan A simplifies data collection across teams and suppliers, ensuring high accuracy by following the latest scientific standards. Furthermore, it supports setting and achieving science-based decarbonisation targets with tailored actions and forecasts.

Position Green offers a comprehensive carbon accounting software solution that allows companies to measure, report, and reduce CO2 emissions across all scopes (1, 2, and 3). Their software provides customisable data management and integrates with various reporting frameworks like ESRS and GHG Protocol. It also features dynamic method selection for emissions calculations, catering to diverse business needs.

Normative is a carbon accounting platform that provides scientific, comprehensive, and actionable emissions insights. They offer a complete solution for net-zero strategies, helping businesses collect, report, and understand their carbon emissions. Normative’s tools support businesses in developing effective carbon reduction plans.

Visma Finland in collaboration with CarbonLink is developing the first universal real-time carbon footprint calculator for organisations. This partnership between atmospheric scientists and a software company aims to pioneer efforts in reducing CO2 emissions. Their innovative approach leverages real-time data to help organisations manage their carbon footprints more effectively.

IBM's Environmental Intelligence Suite is a legacy software focused on data management and emissions management. It offers rudimentary climate risk analytics supported by IBM's AI capabilities and helps organisations monitor climate patterns and integrate carbon accounting into their operations. This tool is tailored for siseable corporations seeking to project future carbon emissions.

Salesforce's Net Zero Cloud leverages Salesforce's automation, language support, and integration features for carbon accounting. Despite mixed reviews on scalability and reliance on an existing data schema not designed for accounting, it offers robust emissions reporting capabilities. Net Zero Cloud has established significant partnerships, including with Accenture, to enhance its functionality and reach.

Carbon accounting software helps Finnish companies reduce emissions by providing comprehensive insights, driving targeted actions, and enabling continuous monitoring and improvement tailored to their specific local and regulatory context.

Firstly, carbon accounting software offers Finnish companies detailed insights into their emissions profiles by collecting and analysing data from different operations and supply chains. Given Finland's strong commitment to sustainability and its ambitious national carbon neutrality targets by 2035, this software helps identify critical emission sources that align with the country’s environmental goals. The insights gained also assist Finnish businesses in recognising the most impactful areas to target for emission reductions, ensuring more effective and efficient use of resources.

Secondly, the software supports targeted actions through advanced analytics and scenario modelling tools. Finnish companies can use these tools to explore various sustainability initiatives, such as incorporating clean technologies or enhancing energy efficiency, which have strong governmental and public incentives in Finland. By evaluating the potential outcomes of different strategies, firms can select approaches that not only reduce emissions but also align with Finland's environmental policies and economic conditions. Additionally, the software helps set and track progress against Finnish regulations and standards, reinforcing the country's stringent environmental commitments.

Finally, carbon accounting software facilitates continuous monitoring and improvement by providing real-time data and automated reporting mechanisms. This is particularly important in Finland, where regulatory compliance and transparency are rigorously enforced, requiring companies to adhere to strict environmental reporting standards. The continuous monitoring capability ensures that Finnish businesses can promptly address any deviations from their sustainability targets, maintain alignment with national policies, and fulfill their role in Finland’s broader strategy for long-term environmental sustainability.