Environmental Protection – a leading comprehensive online information resource for environmental professionals – recently announced the winners of its 2023 New Product of the Year Awards. For 14 years, these awards have recognized some of the most innovative and impactful products contributing to environmental conservation and sustainability across industries. Cority is thrilled to win an award in the category of New Technology – Industry for its Air Emissions Management – a comprehensive solution enabling organizations to effectively manage and reduce their environmental footprint including Methane Emissions Reduction Management.
At the core of any effective methane emissions reduction and management program is the need for a robust and configurable air emissions management software solution. One that can empower organizations to achieve full compliance with the new Methane Emissions Reduction Program (MERP) outlined in the Inflation Reduction Act of 2022. MERP stands as the pioneering initiative establishing a waste emissions charge (WEC) for oil and gas operators, providing the U.S. Environmental Protection Agency (EPA) the necessary authority and resources to enforce methane waste reduction.
Cority’s Air Emissions Management Solution
Cority’s winning software solution, the Air Emissions Management module that is one of many solutions within Cority’s Environmental Cloud, allows organizations to track overall CO2e and individual asset emissions through a user-friendly interface. The software allows for individual asset tagging to determine threshold category triggering limits, ensuring precise management and compliance of methane emission, while also proficiently handling asset modifications related to change management and simplifying the adjustment process.
The software can track the overall cost associated with exceeding allowances detailed in the MERP and also supports electronic submission for Greenhouse Gas (GHG) reporting requirements to make compliance reporting easier. Lastly, through powerful data analytics, organizations can obtain actionable insights to support informed decision-making on sustainable operations.
“Securing the Environmental Protection New Product of the Year Award in the midst of the ongoing Inflation Reduction Act underscores the critical importance of Methane Emissions Reduction Management solutions. As organizations face mounting pressure to reduce operational costs while simultaneously meeting stringent environmental regulations, our advanced solution can help address these pressing challenges,” said Amanda Smith, vice president of solutions marketing and enablement. “This award reinforces our commitment to delivering cutting-edge solutions that drive meaningful change towards a more sustainable future for all.”
This year, 11 companies were recognized across multiple categories for their achievements in making environmental professionals’ work easier, more efficient, and more productive. Winners were selected based on their potential to make significant environmental impacts.
Learn more about Environmental Protection 2023 Award here and click here for resources to learn more about the IRA, its impact, and how Cority can help your organization with MERP compliance and GHG reporting.
