Carbon and Renewables Software Solution
Description
Automate carbon accounting with our cloud-native software. Unify data for auditable compliance (GHGP, ISO, CSRD), then use your full portfolio of allowances, credits, and power purchase agreements (PPAs) to abate calculated emissions. The Carbon and Renewables solution is integrated with environmental registries and risk analytics to accelerate your path to net zero.
Key highlights
- Comprehensive carbon accounting for Scope 1, 2, and 3 emissions
- Manage RECs, GoOs, carbon credits, and other environmental certificates
- Optimize offsets to accelerate your path to net zero
- Automate trading and compliance to reduce risk and financial penalties
- Software details
- FAQ
Overview
Over the course of my career, Hitachi Energy’s Carbon and Renewables software solution delivers the most integrated, complete carbon accounting and renewable certificate management capabilities in the market. I’ve always believed emissions and certificates must be managed on the same platform. As we move from annual management to 24/7 carbon-free energy (CFE) and REC products, pairing certificates with emissions in one solution isn’t a nice to have—it’s essential to ensure transparency and credible annual and 24/7 CFE reporting.
Designed for sustainability leaders, our enterprise-grade carbon management platform provides an auditable, single source of truth for decarbonization.
Comprehensive carbon accounting
Achieve uncompromising data integrity to support reporting for GHGP, ISO 14064, SBTi, CSRD, GRI, OGMP 2.0, NGER, 24/7 CFE, and more. The system automates the ingestion of complex emissions, energy, waste, and water data to establish a high-fidelity emissions baseline.
Offsets management to net zero
From there, orchestrate your path to net zero. Seamlessly manage a full portfolio of carbon assets—from credits, allowances, and Energy Attribute Certificates (EACs) to PPAs and internal reduction plans—and optimally deploy them to abate calculated emissions. With integrated registry connectivity and risk management, our cloud-native solution de-risks your transition and provides a robust, measurable pathway to your net-zero goals.
Challenges for carbon accounting and offsetting emissions
Fragmented data and reporting: Companies struggle with disparate data sources for emissions and environmental impact, leading to time-consuming manual aggregation, inconsistent reporting, and significant wasted effort ensuring compliance, often resulting in audit failures and reputational damage.
Regulatory complexity: Navigating the ever-changing landscape of global standards like CSRD, SECR, and SBTi creates a heavy compliance burden, demanding constant vigilance and tailored reports for different stakeholders.
Offset quality and risk: Sourcing high-quality, verifiable carbon credits is difficult. Leaders face price volatility, reputational damage from greenwashing claims, and the risk of projects failing to deliver promised impacts.
Reaching net zero: Without a unified solution that offers real-time insights into emissions performance and environmental asset positions, companies struggle to make informed strategic decisions to hit their net-zero targets
Benefits
Streamline global reporting: Ensure compliance and reduce your reporting burden. At the touch of a button, generate audit-ready reports for multiple global standards like CSRD, GRI, and SBTi.
Reduce penalties: Automate complex sustainability reporting and compliance processes, significantly reducing the risk of reputational damage, penalties, and the associated costs of manual audits.
Identify emissions reduction areas: Gain clear insights into emissions, energy usage, and waste, pinpointing areas for reduction that directly translate into decarbonization.
De-risk your net-zero claims: Manage your entire offset portfolio—from carbon credits, granular certificates, and allowances to EACs—in one place. Utilize integrated registry data and risk analytics to ensure the quality, integrity, and impact of your carbon assets.
Improve data accuracy: Built-in aggregation/disaggregation logic and calculation methodologies ensure high data integrity, reducing time spent on reconciliation and error correction.
Enable strategic action: Move from accounting to management. Use powerful modeling capabilities to forecast abatement costs, analyze decarbonization pathways, and embed carbon data directly into financial and operational planning.
Accelerate your sustainability goals. Ready to automate emissions and environmental certificates?
Get in touch with our team to learn more and ask for a free demo.
Features
Carbon and Renewables carbon accounting
Comprehensive data management: An enterprise-scale module meticulously handles all emissions, environmental, energy usage, and waste data for unified sustainability reporting and analysis.
Flexible configuration and calculations: Gain custom input/output, reusable models, and embedded calculations, supporting various environmental factors and non-emissions data for accurate modeling.
Granular data support: The solution supports diverse data granularities from sub-hourly to annual activity data, with built-in aggregation and disaggregation logic, ensuring precise and flexible data handling.
Robust role-based control: A full and granular role-based privilege control system enables precise restrictions, which allows users to manage specific data sources with tailored permissions and enhancing security.
Versatile reporting: Benefit from extensive reporting capabilities for both internal and external sustainability regimes, automated batch generation, various export options, and seamless integration with BI tools.
Carbon and Renewables offsets management
Environmental deal modeling: Define and capture environmental deals, including product details and various volume types, differentiating between forecast and certified data. The software supports all types of offsets from carbon credits to energy attribute certificates.
Inventory and obligations management: Model buy deals as inventory and sell deals as obligations, ensuring fungibility and efficiently fulfilling commercial or compliance requirements.
Registry integration: Seamlessly interact with environmental registries, facilitating import of certificates/credits and managing transfer/retirement requests via API or manually.
Calculation processes: Incorporate Mark-to-Market (MTM), credit risk calculations, and environmental settlement processes, distinguishing between pre- and post-matching settlements for accuracy.
Environmental matching: A powerful engine allocates inventory to obligations based on user rules, which prevents double-counting and supports flexible environmental product eligibilities.
Generator/Project modeling: Accurately model renewable assets and carbon projects to build environmental inventory. Manage certificate and credit offtaking from assets with ease.
Reporting capabilities: Access various standard reports for environmental deals, including transaction, open position, summary, and match reports for all internal and external needs. Build custom reporting solutions with the built-in report manager.
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