ESG Reporting Software Market

ESG Reporting Software Market by Offering (Software and Services), Deployment Type (On-premises and Cloud), Organization Size (Large Enterprises and SMEs), Vertical (BFSI and Government, Public Sector, and Non-profit), & Region - Global Forecast to 2029

Report Code: TC 8523 May, 2024, by marketsandmarkets.com

[300 Pages Report] The ESG reporting software market is expected to grow from USD 0.9 billion in 2024 to USD 2.1 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 17.0% during the forecast period. ESG reporting software has become essential for organizations that effectively manage and report their sustainability and ethical practices. This software enables companies to collect, analyze, and report data on their environmental impact, social responsibilities, and governance policies. The growing emphasis on ESG factors is driven by increased regulatory requirements, investor and stakeholder demand for transparency, and the need for companies to demonstrate their commitment to sustainability. The market for ESG reporting software is expanding rapidly across various sectors, including finance, manufacturing, retail, energy, and technology. These sectors adopt ESG reporting software to enhance operational efficiency, comply with regulatory requirements, and improve sustainability initiatives. The software integrates comprehensive sustainability metrics, advanced data analytics, and real-time reporting capabilities, offering a holistic view of a company's ESG performance.

Key drivers for adopting ESG reporting software include rising regulatory requirements, which mandate more detailed and frequent sustainability reporting; growing investor and stakeholder demand for transparency and accountability; and the increasing importance of sustainability in corporate strategies. These factors compel organizations to adopt sophisticated tools to manage and report their ESG activities accurately and efficiently. ESG reporting software solutions provide end-to-end management of ESG data, including data collection, performance tracking, compliance reporting, and stakeholder engagement. These solutions often include data integration, analytics, and reporting platforms supported by APIs, SDKs, and other connected technologies. Using cloud-based solutions and advanced analytics is pivotal in reshaping traditional ESG reporting practices, offering enhanced data accessibility, real-time reporting, scalability, and improved collaboration across departments.

The adoption of ESG reporting software is also driven by technological advancements, such as integrating IoT sensors and real-time data feeds, which enable organizations to monitor their ESG performance continuously. These technologies provide accurate and timely data, helping companies identify areas for improvement and take proactive measures to enhance their sustainability practices. Moreover, the increasing emphasis on sustainability and energy efficiency has prompted organizations to adopt ESG reporting software to demonstrate their commitment to environmental stewardship. Companies are leveraging these solutions to reduce their carbon footprint, improve resource management, and enhance their overall sustainability performance.

In conclusion, ESG reporting software is crucial for organizations aiming to meet regulatory requirements, satisfy investor and stakeholder expectations, and integrate sustainability into their core business strategies. The market for these solutions is growing, driven by the need for transparency, regulatory compliance, and the increasing importance of sustainability in the corporate world.

ESG Reporting Software Market

To know about the assumptions considered for the study, Request for Free Sample Report

ESG Reporting Software Market Opportunities

To know about the assumptions considered for the study, download the pdf brochure

Recession Impact on the ESG Reporting Software Market

The recession has notably influenced the global ESG reporting software market by intensifying the focus on cost efficiency and return on investment. Companies facing economic uncertainties are scrutinizing their expenditures more rigorously, which can initially slow the adoption of ESG software. Organizations might delay or scale back on ESG initiatives perceived as non-essential, prioritizing immediate financial stability over long-term sustainability goals. However, for ESG reporting software vendors, this period has highlighted the necessity of demonstrating clear, tangible benefits, such as cost savings through resource optimization and risk management, to justify their solutions.

ESG Reporting Software Market Dynamics

Driver:  Growing demand for ESG reporting software to navigate and mitigate ESG risks

Effective ESG reporting software is instrumental in helping companies navigate and mitigate ESG risks, which are increasingly critical in today's business environment. This software enables organizations to identify and monitor various ESG risks, such as climate change impacts, supply chain disruptions, labor practices, and regulatory compliance, by providing robust data analytics and reporting capabilities. Companies can prioritize and address the most significant ESG risks through comprehensive risk assessments, enhancing resilience and sustainability.

Moreover, ESG reporting software facilitates proactive risk management strategies by allowing companies to set thresholds, benchmarks, and targets related to ESG performance metrics. Real-time monitoring and alerts help organizations quickly respond to emerging risks and take corrective actions to mitigate potential impacts. This proactive approach reduces operational and reputational risks and improves long-term business continuity and stakeholder trust.

Restraint: Regulatory uncertainty hindering the adoption and expansion of ESG reporting software

Regulatory uncertainty poses a significant challenge for adopting and expanding ESG reporting solutions across industries. The evolving landscape of ESG regulations introduces complexities and ambiguities that companies must navigate. This uncertainty stems from varying regulatory requirements across different regions and jurisdictions and frequent updates and revisions to existing standards. For businesses, regulatory uncertainty translates into difficulty in setting clear ESG goals and strategies and determining the appropriate metrics and methodologies for reporting. Moreover, compliance with these regulations requires substantial resources, including investments in ESG reporting software, data collection processes, and staff training. The lack of standardized frameworks and guidelines further complicates efforts to achieve consistency and comparability in ESG reporting practices.

Opportunity: Enhancing sustainability  through integration with enterprise systems integration

Integrating ESG reporting software with enterprise systems would enable seamless incorporation of ESG data into broader organizational operations. ESG reporting software can integrate with various enterprise systems, such as ERP, CRM, and HCM  platforms, to consolidate data and streamline reporting processes. This integration enhances data accuracy, reduces duplication of efforts, and facilitates real-time reporting, enabling organizations to make informed decisions based on comprehensive ESG insights. Moreover, integrating ESG reporting software with enterprise systems allows companies to align ESG goals with overall business strategies. By combining financial and operational data with ESG metrics, organizations can gain a holistic view of their sustainability performance and identify opportunities for improvement.

Challenge: Rising pressure on corporate boards and government leaders to enhance ESG skills

The rise in the broadened scope of corporate board responsibilities also requires sincere focus and timeline commitment from board members to meet their legal duties. Pressure on boards to shape their ESG credentials is set to grow as investors demand better accountability from the topmost hierarchical focus on sustainability. Efforts to diversify boards and create policies that refer to meaningful diversity, equity, and inclusion will continue to evolve from a mere pen-and-paper approach into a holistic appreciation of how differences in identities, expertise, and leadership styles can drive growth and innovation. Therefore, there is substantial pressure on corporate boards to strengthen their ESG skills and integrate sustainability into their policy and planning strategies. Specifically, they will need to add adaptation and resilience methodologies to their investment plans amidst the growing economic impact of climate change.

ESG Reporting Software Market Ecosystem

Top Companies in ESG Reporting Software Market

Based on software type, the environmental ESG reporting software segment will grow to the largest market share during the forecast period.

Environmental ESG reporting software is a specialized tool designed to help organizations track, manage, and report their environmental performance as part of their broader ESG reporting efforts.

This software enables companies to collect, analyze, and report data on various environmental metrics such as carbon emissions, energy consumption, water usage, waste generation, and air and water quality. It streamlines the data collection by allowing organizations to gather information from multiple sources, including internal systems, third-party providers, and manual inputs. Environmental ESG reporting software includes features such as data validation and normalization to ensure the accuracy and consistency of the collected data. Additionally, it helps organizations calculate critical environmental performance indicators (KPIs) and generate comprehensive reports that comply with industry standards and regulatory requirements. This software enables companies to communicate their environmental performance effectively to internal and external stakeholders, including investors, customers, regulators, and the general public, by providing customizable dashboards, reporting templates, and data visualization tools. Overall, environmental ESG reporting software plays a crucial role in helping organizations monitor and manage their environmental impact, identify areas for improvement, and demonstrate their commitment to sustainability and corporate responsibility.

By vertical, the government, public, & non-profit segments will hold the second-largest market size during the forecast period.

Given the emphasis on global emissions reporting, one popular approach has been to treat a government's ESG exposures the same as a country's national aggregate emissions. Governments can help with the management and transition costs of ESG risks and exert significant influence over outcomes through their policy and regulatory functions. Still, initial measurement and attribution of ESG risks appear to be best captured by assigning them to each sector. Because the objectives of the public sector are linked to public interest and benefit, public bodies have strong incentives to be more transparent about their impact. Climate change has sparked unprecedented public interest, and sustainability reports enable governments to demonstrate their progress in reducing emissions. The public sector is the most significant economic sector in most countries, significantly impacting the environment. It serves two functions: essential services such as the armed forces, healthcare, public transportation, and waste collection, all contributing to climate change. However, it is also a regulator and standard setter, proposing an environmental regulatory framework. This reality implies that the public sector, not just private sector companies, will be essential in achieving net zero goals.

As per region, North America will witness the largest market share during the forecast period.

In North America, ESG reporting software is crucial in helping companies track, manage, and report their sustainability initiatives and performance. With the increasing focus on corporate social responsibility and sustainable business practices, the region has a growing demand for ESG reporting software. These software solutions provide companies with the tools to collect, analyze, and report data on their environmental impact, social initiatives, and corporate governance practices.

North America's ESG reporting software market is experiencing significant growth, driven by several factors, including regulatory requirements, investor pressure, and stakeholder expectations. Many companies recognize the importance of ESG reporting for compliance and maintaining a positive reputation, attracting investors, and mitigating risks. As a result, there is a rising adoption of ESG reporting software across various industries in the region. The market is becoming increasingly competitive, with established software providers and new entrants vying for market share by offering innovative features, user-friendly interfaces, and customizable solutions to meet the diverse needs of companies seeking to enhance their ESG performance and reporting capabilities.

North American ESG Reporting Software Market Size, and Share

Key Market Players

The ESG reporting software market is dominated by a few globally established players such as Wolters Kluwer (Netherlands), Nasdaq (US), PWC (UK), Workiva (US), LSEG(UK), Greenstone (UK), Diligent (US), Sphera (US), Cority (Canada),  and Intelex (Canada), among others, are the key vendors that secured ESG reporting software market contracts in last few years. These vendors can bring global processes and execution expertise; the local players only have limited expertise. Adopting cloud-based solutions and advanced analytics in the thriving ESG reporting software market is pivotal in reshaping traditional reporting practices. Companies leveraging these technologies capitalize on several advantages: enhanced data accessibility, real-time reporting, scalability, and improved collaboration across departments.

Get online access to the report on the World's First Market Intelligence Cloud

  • Easy to Download Historical Data & Forecast Numbers
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
Request Sample

Scope of the Report

Report Metrics

Details

Market Size Available For Years

2019–2029

Base Year Considered

2023

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Segments Covered

Offering, Deployment Type, Organization Size, and Vertical

Regions Covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies Covered

Wolters Kluwer (Netherlands), Nasdaq(US), PWC(UK), Workiva(US), LSEG(UK), Greenstone(UK), Diligent(US), Sphera(US), Cority(Canada), Intelex(Canada), Novisto(Canada), Emex(Ireland), IBM(US), Anthesis(UK), Diginex(Hong Kong), Bain & Company(US), Keramida(US), Isometrix(US), Vervantis(US), Accuvio(Ireland), ESG Flo(US), Measurabl(US), Plan A(Germany), SustainLab(Sweden), and ESG Go(US)

This research report categorizes the ESG reporting software market to forecast revenue and analyze trends in each of the following submarkets:

By Offering:
  • Software
    • Environmental ESG Reporting Software
    • Social ESG Reporting Software
    • Governance ESG Reporting Software
  • Services
    • Consulting
    • Integration & Deployment
    • Support & Maintenance

By Deployment Type:

  • On-Premises
  • Cloud

By Organization Size:

  • SMEs
  • Large Enterprises

By Vertical:

  • BFSI
  • Government, Public Sector, & Non-Profit
  • Manufacturing
  • Food & Beverages
  • Retail & Consumer Goods
  • Energy & Utilities
  • Other Verticals

By Region:

  • North America
    • United States
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Rest of Latin America

Recent Developments:

  • Carbon accounting firm Minimum has expanded its operations to the United States and partnered with Nasdaq to enhance its sustainability reporting tools. This partnership aims to provide Nasdaq's ESG Advisory clients with comprehensive visibility into their carbon footprints and assist them in navigating industry and regulatory changes. Minimum's enterprise Carbon Accounting Software offers fully customizable and auditable data infrastructure, enabling businesses to surface, interpret, and disclose their emissions data seamlessly.
  • LSEG, in partnership with ESG.AI, launched a new next-generation ESG analytics platform aimed at major companies, banks, asset managers, and consultants. The platform combines LSEG's extensive financial markets dataset with ESG.AI's technology to provide real-time ESG data, up-to-the-minute ESG scores, and visualization and performance optimization tools.
  • PwC and Blackstone collaborated to provide clients access to Sphera's ESG software solutions. This partnership aims to support organizations implementing transparent and auditable ESG reporting, addressing evolving regulatory requirements, and managing ESG risks effectively.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS
 
1 INTRODUCTION 
    1.1 OBJECTIVES OF THE STUDY 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY CONSIDERED 
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
           1.6.1 RECESSION IMPACT
 
2 RESEARCH METHODOLOGY 
    2.1 RESEARCH APPROACH 
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakup of Primary Profiles
                    2.1.2.2 Key Industry Insights
    2.2 MARKET BREAKUP & DATA TRIANGULATION 
    2.3 MARKET SIZE ESTIMATION 
    2.4 MARKET FORECAST 
    2.5 RESEARCH ASSUMPTIONS 
    2.6 LIMITATIONS OF THE STUDY 
    2.7 IMPACT OF RECESSION ON THE GLOBAL ESG REPORTING SOFTWARE MARKET 
 
3 EXECUTIVE SUMMARY  
 
4 PREMIUM INSIGHTS 
    4.1 BRIEF OVERVIEW OF THE ESG REPORTING SOFTWARE MARKET 
    4.2 ESG REPORTING SOFTWARE MARKET, BY OFFERING, 2024 VS 2029 
    4.3 ESG REPORTING SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2024 VS 2029 
    4.4 ESG REPORTING SOFTWARE MARKET, BY ORGANIZATION SIZE, 2024 VS 2029 
    4.5 ESG REPORTING SOFTWARE MARKET, BY VERTICAL, 2024 VS 2029 
    4.6 ESG REPORTING SOFTWARE MARKET: REGIONAL SCENARIO, 2024 VS 2029 
 
5 MARKET OVERVIEW AND INDUSTRY TRENDS 
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           5.2.1 DRIVERS
           5.2.2 RESTRAINTS
           5.2.3 OPPORTUNITIES
           5.2.4 CHALLENGES
    5.3 CASE STUDY ANALYSIS 
           5.3.1 CASE STUDY 1
           5.3.2 CASE STUDY 2
           5.3.3 CASE STUDY 3
           5.3.4 CASE STUDY 4
           5.3.5 CASE STUDY 5
    5.4 VALUE CHAIN ANALYSIS 
    5.5 ECOSYSTEM ANALYSIS 
    5.6 PORTER’S FIVE FORCES ANALYSIS 
    5.7 PRICING ANALYSIS 
           5.7.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY OFFERING
           5.7.2 AVERAGE SELLING PRICE TREND, BY REGION
    5.8 TECHNOLOGY ANALYSIS 
           5.8.1 KEY TECHNOLOGIES
                    5.8.1.1 Cloud
                    5.8.1.2 Data Analytics and Business Intelligence Tools
    5.9 COMPLEMENTARY TECHNOLOGIES 
                    5.9.1.1 IoT
                    5.9.1.2 Cybersecurity
    5.10 ADJACENT TECHNOLOGIES 
                    5.10.1.1 AI/ML
                    5.10.1.2 Blockchain
    5.11 PATENT ANALYSIS 
    5.12 TRENDS/DISRUPTIONS IMPACTING BUYERS 
    5.13 REGULATORY LANDSCAPE 
           5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, & OTHER ORGANIZATIONS
           5.13.2 REGULATIONS BY REGION
    5.14 KEY STAKEHOLDERS & BUYING CRITERIA 
           5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
           5.14.2 BUYING CRITERIA
    5.15 KEY CONFERENCES & EVENTS (2024-2025) 
    5.16 BUSINESS MODEL ANALYSIS 
           5.16.1 SUBSCRIPTION-BASED MODEL
           5.16.2 PAY-PER-USE MODEL
           5.16.3 ENTERPRISE LICENSING MODEL
           5.16.4 FREEMIUM MODEL
           5.16.5 CONSULTING AND SERVICES MODEL
    5.17 INVESTMENT & FUNDING SCENARIO 
 
6 ESG REPORTING SOFTWARE MARKET, BY OFFERING  
    6.1 INTRODUCTION 
           6.1.1 OFFERING: ESG REPORTING SOFTWARE MARKET DRIVERS
    6.2 SOFTWARE 
           6.2.1 SOFTWARE TYPES
           6.2.2 ENVIRONMENTAL ESG REPORTING SOFTWARE
                    6.2.2.1 Carbon Emissions Tracking Software
                               6.2.2.1.1 Emission inventory management
                               6.2.2.1.2 Carbon footprint calculation
                               6.2.2.1.3 Emission reduction goal tracking
                    6.2.2.2 Energy Consumption Monitoring Software
                               6.2.2.2.1 Energy usage monitoring
                               6.2.2.2.2 Demand-side management
                               6.2.2.2.3 Energy conservation measures tracking
                    6.2.2.3 Sustainability Performance Management Software
                               6.2.2.3.1 Water usage tracking
                               6.2.2.3.2 Waste management and recycling
                               6.2.2.3.3 Biodiversity conservation efforts
                    6.2.2.4 Climate Risk Assessment Software
                               6.2.2.4.1 Physical risk assessment (e.g., extreme weather events)
                               6.2.2.4.2 Transition risk analysis (e.g., policy changes, market shifts)
                               6.2.2.4.3 Resilience planning and adaptation strategies
                    6.2.2.5 Environmental Impact Assessment (EIA) Software
                               6.2.2.5.1 Project-specific impact assessments
                               6.2.2.5.2 Regulatory compliance evaluations
                               6.2.2.5.3 Mitigation measures planning and monitoring
           6.2.3 SOCIAL ESG REPORTING SOFTWARE
                    6.2.3.1 Diversity Metrics Tracking Software
                               6.2.3.1.1 Gender diversity
                               6.2.3.1.2 Ethnic diversity
                               6.2.3.1.3 LGBTQ+ representation
                               6.2.3.1.4 Accessibility initiatives
                    6.2.3.2 Labor Practices Reporting Software
                               6.2.3.2.1 Labor rights compliance monitoring
                               6.2.3.2.2 Workplace safety programs
                               6.2.3.2.3 Employee engagement surveys
                    6.2.3.3 Community Engagement Tracking Software
                               6.2.3.3.1 Community investment tracking
                               6.2.3.3.2 Stakeholder consultation platforms
                               6.2.3.3.3 Social license to operate management
                    6.2.3.4 Human Rights Asssessment Software
                               6.2.3.4.1 Supply chain human rights audits
                               6.2.3.4.2 Human rights impact assessments
                               6.2.3.4.3 Human trafficking and modern slavery risk assessments
                    6.2.3.5 Social Impact Assessment Software
                               6.2.3.5.1 Social return on investment (SROI) analysis
                               6.2.3.5.2 Community development indicators tracking
                               6.2.3.5.3 Poverty alleviation programs evaluation
           6.2.4 GOVERNANCE ESG REPORTING SOFTWARE
                    6.2.4.1 Corporate Governance Reporting Software
                               6.2.4.1.1 Board of directors management
                               6.2.4.1.2 Governance structure documentation
                               6.2.4.1.3 Shareholder engagement tools
                    6.2.4.2 Ethics and Compliance Management Software
                               6.2.4.2.1 Code of conduct enforcement
                               6.2.4.2.2 Whistleblower hotline management
                               6.2.4.2.3 Compliance training and certification tracking
                    6.2.4.3 Risk Management Software
                               6.2.4.3.1 Enterprise risk management (ERM)
                               6.2.4.3.2 Internal control assessments
                               6.2.4.3.3 Risk heat maps and dashboards
                    6.2.4.4 Regulatory Compliance Tracking Software
                               6.2.4.4.1 Regulatory change management
                               6.2.4.4.2 Compliance calendar and deadline tracking
                               6.2.4.4.3 Audit trail documentation
                    6.2.4.5 Internal Audit Software
                               6.2.4.5.1 Audit planning and scheduling
                               6.2.4.5.2 Audit findings management
                               6.2.4.5.3 Audit report generation and distribution
    6.3 SERVICES 
           6.3.1 CONSULTING
           6.3.2 INTEGRATION & DEPLOYMENT
           6.3.3 SUPPORT & MAINTENANCE
 
7 ESG REPORTING SOFTWARE MARKET, BY DEPLOYMENT TYPE 
    7.1 INTRODUCTION 
           7.1.1 DEPLOYMENT TYPE: ESG REPORTING SOFTWARE MARKET DRIVERS
    7.2 ON-PREMISES 
    7.3 CLOUD 
 
8 ESG REPORTING SOFTWARE MARKET, BY ORGANIZATION SIZE 
    8.1 INTRODUCTION 
           8.1.1 ORGANIZATION SIZE: ESG REPORTING SOFTWARE MARKET DRIVERS
    8.2 LARGE ENTERPRISES 
    8.3 SMES 
 
9 ESG REPORTING SOFTWARE MARKET, BY VERTICALS 
    9.1 INTRODUCTION 
           9.1.1 VERTICALS: ESG REPORTING SOFTWARE MARKET DRIVERS
    9.2 BANKING, FINANCIAL SERVICES, & INSURANCE (BFSI) 
           9.2.1 BFSI: APPLICATION AREAS
           9.2.2 RISK MANAGEMENT & COMPLIANCE
           9.2.3 INVESTMENT ANALYSIS & DECISION MAKING
           9.2.4 STAKEHOLDER ENGAGEMENT & TRANSPARENCY
           9.2.5 CREDIT RISK ASSESSMENT
           9.2.6 OTHERS (PRODUCT INNOVATION, CSR REPORTING)
    9.3 GOVERNMENT, PUBLIC SECTOR, & NON-PROFIT 
           9.3.1 GOVERNMENT, PUBLIC SECTOR, & NON-PROFIT: APPLICATION AREAS
           9.3.2 POLICY DEVELOPMENT & IMPLEMENTATION
           9.3.3 REGULATORY COMPLIANCE & REPORTING
           9.3.4 PUBLIC SERVICE DELIVERY OPTIMIZATION
           9.3.5 STAKEHOLDER ENGAGEMENT & TRANSPARENCY
           9.3.6 OTHERS (GRANT MANAGEMENT & FUNDING ALLOCATION, SOCIAL IMPACT ASSESSMENT)
    9.4 MANUFACTURING 
           9.4.1 MANUFACTURING: APPLICATION AREAS
           9.4.2 ENVIRONMENTAL IMPACT ASSESSMENT & MANAGEMENT
           9.4.3 SUPPLY CHAIN SUSTAINABILITY
           9.4.4 ENERGY EFFICIENCY & RESOURCE MANAGEMENT
           9.4.5 COMPLIANCE & REGULATORY REPORTING
           9.4.6 PRODUCT LIFECYCLE ASSESSMENT
           9.4.7 RISK IDENTIFICATION & MITIGATION
    9.5 FOOD & BEVERAGES 
           9.5.1 FOOD & BEVERAGES: APPLICATION AREAS
           9.5.2 SUPPLY CHAIN TRANSPARENCY & VISIBILITY
           9.5.3 CARBON & ENERGY MANAGEMENT
           9.5.4 WASTE MANAGEMENT & CONSERVATION
           9.5.5 WASTE MANAGEMENT & RECYCLING
           9.5.6 SOCIAL RESPOSIBILITY & LABOR PRACTICES
    9.6 RETAIL & CONSUMER GOODS 
           9.6.1 RETAIL & CONSUMER GOODS: APPLICATION AREAS
           9.6.2 SUPPLY CHAIN TRANSPARENCY & SUSTAINABILITY
           9.6.3 ENERGY & RESOURCE MANAGEMENT
           9.6.4 PRODUCT LIFECYCLE ASSESSMENT
           9.6.5 CORPORATE GOVERNMENT & ETHICS
           9.6.6 STAKEHOLDER COMMUNICATION & TRANSPARENCY
    9.7 ENERGY & UTILITIES 
           9.7.1 ENERGY & UTILITIES: APPLICATION AREAS
           9.7.2 CARBON FOOTPRINT MONITORING & REDUCTION
           9.7.3 RENEWABLE ENERGY INTEGRATION & TRANSITION
           9.7.4 RESOURCE EFFICIENCY & CONSERVATION
           9.7.5 OTHERS (STAKEHOLDER ENGAGEMENT, SUPPLY CHAIN SUSTAINABILITY)
    9.8 OTHER VERTICALS (AUTOMOTIVE, CONSTRUCTION, HEALTHCARE, AND OIL & GAS) 
 
10 ESG REPORTING SOFTWARE MARKET MARKET, BY REGION 
     10.1 INTRODUCTION 
     10.2 NORTH AMERICA 
             10.2.1 NORTH AMERICA: MARKET DRIVERS
             10.2.2 NORTH AMERICA: RECESSION IMPACT
             10.2.3 US
             10.2.4 CANADA
     10.3 EUROPE 
             10.3.1 EUROPE: MARKET DRIVERS
             10.3.2 EUROPE: RECESSION IMPACT
             10.3.3 UK
             10.3.4 GERMANY
             10.3.5 ITALY
             10.3.6 REST OF EUROPE
     10.4 ASIA PACIFIC 
             10.4.1 ASIA PACIFIC: MARKET DRIVERS
             10.4.2 ASIA PACIFIC: RECESSION IMPACT
             10.4.3 CHINA
             10.4.4 JAPAN
             10.4.5 REST OF ASIA PACIFIC
     10.5 MIDDLE EAST & AFRICA 
             10.5.1 MIDDLE EAST & AFRICA: MARKET DRIVERS
             10.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT
             10.5.3 GCC COUNTRIES
                       10.5.3.1 UAE
                       10.5.3.2 Saudi Arabia
                       10.5.3.3 Rest of GCC Countries
             10.5.4 SOUTH AFRICA
             10.5.5 REST OF MIDDLE EAST & AFRICA
     10.6 LATIN AMERICA 
             10.6.1 LATIN AMERICA: MARKET DRIVERS
             10.6.2 LATIN AMERICA: RECESSION IMPACT
             10.6.3 BRAZIL
             10.6.4 REST OF LATIN AMERICA
 
11 COMPETITIVE LANDSCAPE 
     11.1 INTRODUCTION 
     11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN  
     11.3 REVENUE ANALYSIS 
     11.4 COMPANY VALUATION AND FINANCIAL METRICS 
     11.5 MARKET SHARE ANALYSIS 
     11.6 BRAND/PRODUCT COMPARISON 
     11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             11.7.1 STARS
             11.7.2 EMERGING LEADERS
             11.7.3 PERVASIVE PLAYERS
             11.7.4 PARTICIPANTS
             11.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
                       11.7.5.1 COMPANY FOOTPRINT
                       11.7.5.2 REGION FOOTPRINT
                       11.7.5.3 OFFERING FOOTPRINT
                       11.7.5.4 DEPLOYMENT TYPE FOOTPRINT
                       11.7.5.5 ORGANIZATION SIZE FOOTPRINT
                       11.7.5.6 VERTICAL FOOTPRINT
     11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 
             11.8.1 PROGRESSIVE COMPANIES
             11.8.2 RESPONSIVE COMPANIES
             11.8.3 DYNAMIC COMPANIES
             11.8.4 STARTING BLOCKS
             11.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
                       11.8.5.1 DETAILED LIST OF KEY STARTUPS/SMES
                       11.8.5.2 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     11.9 KEY MARKET DEVELOPMENTS 
             11.9.1 NEW LAUNCHES
             11.9.2 DEALS
             11.9.3 OTHERS
 
12 COMPANY PROFILES 
             12.1.1 WOLTERS KLUWER
             12.1.2 NASDAQ
             12.1.3 PWC
             12.1.4 WORKIVA
             12.1.5 REFINITIV
             12.1.6 GREENSTONE
             12.1.7 DILIGENT
             12.1.8 SPHERA
             12.1.9 CORITY
               12.1.10 INTELEX
               12.1.11 NOVISTO
               12.1.12 EMEX
               12.1.13 ENHELIX
               12.1.14 ANTHESIS
               12.1.15 DIGINEX
               12.1.16 BAIN & COMPANY
               12.1.17 KERAMIDA
               12.1.18 ISOMETRIX
               12.1.19 VERVANTIS
               12.1.20 ACCUVIO
               12.1.21 ESG FLO
               12.1.22 MEASURABL
               12.1.23 PLAN A
               12.1.24 SUSTAINLAB
               12.1.25 ESGGO
*Note –The list of companies mentioned above is indicative only and may change according to further research findings. Key 25/26 companies will be profiled in this section. Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies
 
13 ADJACENT MARKETS 
     13.1 INTRODUCTION TO ADJACENT MARKETS 
     13.2 LIMITATIONS 
     13.3 ESG REPORTING SOFTWARE MARKET ECOSYSTEM & ADJACENT MARKETS 
     13.4 ADJACENT MARKET 1 
     13.5 ADJACENT MARKET 2 
 
14 APPENDIX 
     14.1 DISCUSSION GUIDE 
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.3 AVAILABLE CUSTOMIZATIONS 
     14.4 RELATED REPORTS 
     14.5 AUTHOR DETAILS 

This research study involved extensive secondary sources, directories, and databases, such as Bloomberg BusinessWeek, EconoTimes, and Factiva, to identify and collect information useful for this technical, market-oriented, and commercial ESG reporting software market study. The global ESG reporting software market size is obtained by evaluating its penetration among the major vendors and their offerings in this market. We interviewed a few startups and private companies to gain better visibility and in-depth knowledge of the market across regions. In addition, a few government associations, public sources, conferences, webinars, journals, magazines, articles, and MarketsandMarkets' internal repositories were referred to arrive at the closest/actual market size.

Secondary Research

We determined the market size of companies offering ESG reporting software based on secondary data available through paid and unpaid sources. It was also arrived at by analyzing the product portfolios of major companies and rating the companies based on their performance and quality.

In the secondary research process, various sources were referred to to identify and collect information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. The data was also collected from other secondary sources, such as journals, government websites, blogs, and vendors' websites. Additionally, the spending of various countries on ESG reporting software was extracted from the respective sources. We used secondary research to obtain the critical information related to the industry's value chain and supply chain to identify the key players based on solutions, services, market classification, and segmentation according to offerings of the major players, industry trends related to offerings, verticals, and regions, and the key developments from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, including Chief Experience Officers (CXOs); Vice Presidents (VPs); directors from business development, marketing, and product development/innovation teams; related critical executives from ESG reporting software vendors, industry associations, and independent consultants; and key opinion leaders.

We conducted primary interviews to gather insights, such as market statistics, the latest trends disrupting the market, new use cases implemented, data on revenue collected from products and services, market breakups, market size estimations, market forecasts, and data triangulation. Primary research also helped us understand various trends related to technology, offerings, end users, and regions. Demand-side stakeholders, such as Chief Information Officers (CIOs), Chief Technology Officers (CTOs), Chief Security Officers (CSOs), and digital initiatives project teams, were interviewed to understand the buyer's perspective on suppliers, products, service providers, and their current use, which would affect the overall ESG reporting software market.

ESG Reporting Software Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

We used top-down and bottom-up approaches to estimate and forecast the ESG reporting software and other dependent submarkets. We deployed a bottom-up procedure to arrive at the overall market size using the revenues and offerings of key companies in the market. With data triangulation methods and validation through primary interviews, this study determined and confirmed the exact value of the overall parent market size. We used the overall market size in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segments.

We used top-down and bottom-up approaches to estimate and validate the ESG reporting software market and other dependent subsegments.

The research methodology used to estimate the market size included the following details:

  • We identified key players in the market through secondary research, and their revenue contributions in respective regions were determined through primary and secondary research.
  • This procedure included studying top market players' annual and financial reports and extensive interviews for key insights from industry leaders, such as CEOs, VPs, directors, and marketing executives.
  • All percentage splits and breakups were determined using secondary sources and verified through primary sources.

All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets.

ESG Reporting Software Market: Top-down and Bottom-up approaches

ESG Reporting Software Market Top Down and Bottom Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size, the market was split into several segments and subsegments—using the market size estimation processes as explained above. Where applicable, data triangulation and market breakup procedures were employed to complete the overall market engineering process and determine each market segment's and subsegment's exact statistics. The data was triangulated by studying several factors and trends from the demand and supply sides in the digital map market.

Market Definition

Considering the views of various sources and associations, the ESG (Environmental, Social, and Governance) reporting software market refers to the sector focused on providing software solutions to facilitate the measurement, monitoring, and reporting of an organization's performance in terms of environmental impact, social responsibility, and corporate governance.

The market for ESG reporting software has been proliferating in response to increasing regulatory requirements, investor demands for ESG disclosure, and broader societal expectations for corporate accountability and sustainability. As a result, numerous software providers have entered the market, offering various solutions tailored to the diverse needs of organizations across different industries and regions.

Key Stakeholders

  • ESG solution and service providers
  • Reselling companies
  • Third-party providers
  • Consultants/Consultancies/Advisory firms
  • Support and maintenance service providers
  • Information Technology (IT) infrastructure providers
  • System Integrators (SIs)
  • Governments and standardization bodies
  • Cloud providers
  • Regional associations
  • Independent software vendors
  • Value-added resellers and distributors

Report Objectives

  • To define, describe, and forecast the ESG reporting software market based on offering (solutions, services), rack unit, applications, form factor, type, organization size, vertical, and region
  • To provide detailed information about the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
  • To forecast the market size concerning five regions-North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
  • To analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall market
  • To profile the key players of the market and comprehensively analyze their market size and core competencies
  • To track and analyze the competitive developments, such as product enhancements, product launches, acquisitions, partnerships, and collaborations, in the ESG reporting software market globally

Available customizations

With the given market data, MarketsandMarkets offers customizations per the company's specific needs. The following customization options are available for the report:

Product analysis

  • The product matrix provides a detailed comparison of each company's product portfolio.

Geographic analysis

  • Further breakup of the Asia Pacific market into countries contributing 75% to the regional market size
  • Further breakup of the North American market into countries contributing 75% to the regional market size
  • Further breakup of the Latin American market into countries contributing 75% to the regional market size
  • Further breakup of the Middle Eastern & African market into countries contributing 75% to the regional market size
  • Further breakup of the European market into countries contributing 75% to the regional market size

Company information

  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Request Customization

Instant Answers with GPT - Ask Now!

Ask real questions. Get complete answers !
Report Code
TC 8523
Published ON
May, 2024
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the ESG Reporting Software Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status Website Feedback