The market landscape for carbon management software has evolved rapidly over the past three years, driven by mandatory reporting rules based on the Task Force on Climate-Related Financial Disclosures (TCFD), the need to deliver on the Science Based Targets initiative (SBTi) and other net zero pledges, and pressure from external stakeholders. These new drivers have required carbon management software applications to expand beyond calculating and modelling Scope 1, 2 and 3 emissions to incorporate a wider range of functionality – such as forecasting future emissions to deliver on net zero goals, tracking the progress of decarbonization projects, incorporating financial analysis into asset investment planning, producing investment-grade financial disclosures, and conducting physical asset risk assessments – to fit a wide range of industries and use cases (see Verdantix Best Practices: Creating an RFP For Enterprise Carbon Management Software). With the rapid evolution of regulations and the increasing integration of carbon emissions into disclosures, the carbon management software market is in an expansion phase.