ARES PRISM, a leading provider of enterprise project controls software, introduced Cost & Carbon in-a-box which allows companies to estimate and track greenhouse gas emissions (GHG) such as carbon. This capability enables ARES PRISM users to measure their carbon footprint throughout the construction lifecycle in an effort to track sustainability initiatives.
With 38% of total global emissions stemming from building and infrastructure projects, ARES PRISM understands the importance of decarbonization for capital project delivery. Carbon emissions pose challenges to environmental requirements and standards set in place by governments worldwide. New rules and regulations provide a niche window for ARES PRISM to help provide accurate estimating and tracking for all cost and carbon needs.
With an increase in environmental concerns regarding global climate change, governments are proposing mandates that are specific to construction sustainability. Many countries, including the United Kingdom, have implemented requirements around carbon metrics. Now other sustainability and climate risk factors are coming under the microscope as seen in UK’s Companies Act, U.S. Securities and Exchange Commission (SEC), and the European Union Emissions Trading System (EU ETS).
In 2021, ARES PRISM conducted a survey with project professionals to get their take on sustainability measures within the industry. This survey took a deep dive into key trends around project sustainability initiatives and how project professionals, as well as their organizations, perceive the importance of sustainability in project management. Download the 2022 Sustainability in Project Management Report.
“It’s clear that sustainability has become integral to project professionals and their organizational goals,” said Kurt Kauper, CRO at ARES PRISM Software. “New regulations and mandates are making it a priority for our customers and we’re proud to support them by providing the industry’s leading full carbon lifecycle management solution.”
ARES PRISM Cost & Carbon in-a-box provides a solution to help estimate and track sustainability measures so that project organizations have a place to start in their efforts to reduce GHG emissions through the construction project lifecycle. Within ARES PRISM, carbon assessments are produced alongside project costs, ensuring they work in conjunction. Both carbon and cost assessments are now highly integrated and automated, rather than kept siloed from each other. Learn more about ARES PRISM Cost & Carbon in-a-box today!
About ARES PRISM Software
ARES PRISM is enterprise project controls software that manages the complete project lifecycle delivering dependable forecasts, cost control, and performance measurement. ARES PRISM is a scalable, intuitive system that harnesses best practices and integrates all aspects of the project, including cost, carbon, schedule, change, estimating, contracts & procurement, and field progressing. www.aresprism.com