Growing Demand for Sustainable Growth Strategies Drives the Growth of the ESG Reporting Software Market

ESG reporting software market is anticipated to grow at a significant CAGR of 10.7% during the forecast period (2024-2031). The market growth is attributed to the increasing demand for ESG reporting software from end-user industries to show their commitment to sustainability. The growing emphasis on the ESG aspect and the demand of investors and stakeholders for transparency in business practices are the main drivers behind these developments.  

Browse the full report description of “ESG Reporting Software Market Size, Share & Trends Analysis Report by Offering (Software, and Services), by Deployment (On-Premises, and Cloud-Based), and by Vertical Industry (BFSI, Government, Public Sector, & Non-Profit, Manufacturing, Food & Beverages, Retail & Consumer Goods, Energy & Utilities, and Other) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/esg-reporting-software-market

For companies to effectively regulate and report on their ethical and sustainable activities, ESG reporting software has grown vital. Businesses can use this software to gather, examine, and publish information about their social responsibility, governance practices, and environmental effects. According to the World Economic Forum (WEF), in October 2021, 9.0% of surveyed companies actively use software that supports data collection, analysis, and reporting on ESG. A company will be far stronger than its competitors if it can successfully incorporate ESG into corporate strategy and create a symbiotic relationship between regular business operations and ESG aims.

Recent Development

• In September 2023, SAP Fioneer introduced ESG software to help financial institutions mitigate growing regulatory risks. The company offers software solutions for ESG data orchestration and calculation for portfolio and single exposure KPI. The solution not only plugs the data gap banks and insurers need to remain ESG compliant, but also enables them to leverage the pertinent business potential.

• In July 2023, KPMG collaborated with Microsoft to introduce new ESG digital solutions for businesses around the globe. Building on KPMG’s $5.0 billion investment in technology, people, and innovation, as well as an investment to accelerate global digital solutions for ESG issues, these initiatives expand on the longstanding alliance between KPMG and Microsoft aimed at providing clients with data-driven insights and support – from tracking their environmental impact to implementing more sustainable growth strategies.

• In December 2022, Salesforce announced automated ESG reporting, a solution to help organizations meet growing stakeholder demand for environmental, social, and governance (ESG) transparency. Automate ESG Reporting enables companies to manage ESG data in real-time and easily generate framework-specific reports, streamlining the ESG reporting process to save time and costs.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Offering

o By Deployment

o By Vertical Industry

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- IBM Corp., Microsoft Corp., Salesforce, Inc., SAP SE, and UL Solutions Inc. among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global ESG Reporting Software Market Report Segment

By Offering

• Software 
• Services

By Deployment 

• On-Premises
• Cloud

By Vertical Industry

• BFSI
• Government, Public Sector, & Non-Profit 
• Manufacturing 
• Food & Beverages 
• Retail & Consumer Goods 
• Energy & Utilities 
• Other (Transportation and Logistics)

Global ESG Reporting Software Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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