With some companies crunched for time in trying to comply with the EPA's new greenhouse gas reporting initiative, which took effect Jan. 1, a software maker has come up with a platfrom that can help a company begin tracking its emissions within 60 days.
The GHG FastTrack program from Enviance is an Internet-based sofware, according to a press release.
Such a product offering comes at a time when corporations are under increasing pressure to measure and report their GHG emissions.
The EPA's mandatory reporting rule means that a large number of facilities, manufacturers and product suppliers must keep track of and report their GHG emissions to the EPA, with the first reporting due on March 31, 2011, for the 2010 fiscal year.
A report from Ernst & Young reveals, in a survey of more than 1,000 U.S. public registrants with revenues between $1 billion and $100 billion, that just 29 companies disclosed an accounting policy related to emissions credits or allowances in their financial statements.
The number of organizations using enterprise carbon accounting (ECA) software is expected to increase five fold by 2011, partly driven by companies that have not traditionally invested in environmental software.
In a report from Groom Energy Solutions, eight companies were named 2010 ECA Emerging Leaders: Enablon, Enviance, Hara, IHS, Johnson Controls, PE International, ProcessMAP and SAP. Groom Energy says both Enablon and Hara are newcomers to the list, while the others were named 2009 ECA Emerging Leaders.
