Sustainability management software is basically a database of information
that relates to the usage of energy, resources, financial data and other
important factors that help enterprises make their operations sustainable
and efficient. In most cases, sustainability management software solutions
are used by enterprises to enhance their energy and sustainability business
performance through automated data management, analysis, and reporting.
Presently, there is an enhanced awareness regarding the concept of
sustainability and energy management in companies, instead of just treating
it as a regulatory obligation. This is especially true of companies operating
in the manufacturing, chemicals and oil and gas sectors.
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Several parameters are now coming in the ambit of sustainability
management such as supply chain de-risking, operating in resource
stressed areas, reliable and cost-efficient energy supplies and product
stewardship initiatives. Another way to look at this emerging situation is
the increase in competition amongst companies and due to this intense
competition, companies are looking to differentiate themselves by adopting
sustainable and energy saving methodologies in their business processes,
which sets them apart from competition.
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COVID-19 Scenario Analysis:
Of all the aspects that have been impacted by the pandemic, there is one that it has not even touched. Global warming continues its progress. Despite a brief decrease in pollution in all countries battling COVID-19, global carbon dioxide levels reached a record high again in 2020. In this regard, the pandemic has also meant we are further from achieving the sustainable development goals in terms of the fight against climate change. However, the sharp reduction in harmful emissions that occurred briefly during the pandemic is clear evidence that there are sustainable alternatives.
Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the sustainability management software market are put forth by the analysts to prepare the manufacturers for future challenges in advance.
Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.
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