The Forrester Wave™: Sustainability Management Software, Q2 2024

Introduction

As sustainability becomes a critical focus for organizations worldwide, the demand for robust sustainability management software has surged. Forrester's Wave™ report for Q2 2024 provides a comprehensive evaluation of the top 13 sustainability management software providers, offering valuable insights for businesses aiming to enhance their sustainability efforts.

Key Takeaways

  1. Rigorous Sustainability Management: Sustainability management now demands the same rigor as financial management due to emerging regulations and increased environmental commitments. Companies must efficiently collect, analyze, and report data across their supply chain.
  2. Top Providers Evaluated: The report evaluates 13 significant providers based on 24 criteria, highlighting their strengths and weaknesses. It includes major players like Salesforce, Watershed, Persefoni AI, FigBytes, and more.

Evaluation Criteria

  • Current Offering: Assesses the functionality, integration capabilities, data quality, and standardization offered by each provider.
  • Strategy: Evaluates the vendor’s vision, innovation, roadmap, and partner ecosystem.
  • Market Presence: Considers the vendor's revenue, customer base, and market impact.

Highlights from the Report

  1. Salesforce: Known for its Net Zero Cloud, Salesforce excels in innovation and integration, offering features like a net-zero marketplace and double materiality assessments.
  2. Watershed: Offers comprehensive dashboards and strong auditability, focusing on carbon footprint calculation and material impact analysis.
  3. Persefoni AI: Specializes in carbon accounting and decarbonization planning, with a strong vision for AI integration and climate strategy.
  4. FigBytes: Provides cloud-native integration and addresses critical customer pain points with a focus on regulatory compliance and AI for supply chain data accuracy.

Choosing the Right Platform

Organizations should consider their maturity level, data complexity, and specific sustainability goals when selecting a platform. Key factors include the ability to integrate with existing systems, support for regulatory compliance, and future-proofing capabilities with advanced technologies like AI.

Conclusion

The Forrester Wave™ report serves as an essential guide for businesses navigating the crowded sustainability management software market. By understanding the strengths and weaknesses of each provider, sustainability professionals can make informed decisions to support their environmental goals.

Additional Resources

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