The Global ESG Reporting Software Market is expected to reach $1.5 billion by 2027, up from $700 million in 2022. That's a 15.9% compound annual growth rate (CAGR), according to MarketsandMarkets.
ESG reporting software mostly involves cloud-based systems and SaaS applications that allow organizations to collect, organize and track ESG (environmental, social and governance) data. Example use cases for ESG reporting software, according to the research, include:
- Central banks performing climate risk stress tests on banks and insurers.
- Businesses leveraging the Global Reporting Initiative (GRI) to measure and report their carbon emissions as part of regular net-zero progress reports.
For technology partners, ESG deployments and integration projects involving ERP (enterprise resource planning) platforms appear to be lucrative opportunities.
Key companies in the ESG reporting software market, according to the research, includes the following businesses sorted alphabetically: