ESG Reporting Software Market Size, Share, By Component (Software, and Services), By Deployment Mode (On-Premises, and Cloud-Based), By Application (Social Reporting, Environmental Reporting, and Governance Reporting), By End-User (Financial Services, Healthcare, Retail, Manufacturing, Technology, Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Trends, Analysis and Forecast till 2034

ESG Reporting Software Market Size was valued at US$ 2.6 billion in 2024 and is projected to grow at a CAGR of 16.4%to reach US$ 10.3 billion by 2034.

Environmental, Social, and Governance (ESG) Reporting Software is a comprehensive tool designed to help organizations track, manage, and report on their ESG performance. This software facilitates the collection, analysis, and disclosure of data related to environmental impact, social responsibility, and corporate governance practices. ESG reporting has become increasingly important as stakeholders, including investors, customers, and regulators, demand greater transparency and accountability from organizations regarding their sustainability practices and ethical conduct.

Integrates with various data sources to automatically gather ESG-related data, reducing manual effort and ensuring data accuracy. Provides a clear and accurate view of an organization's ESG performance, enhancing credibility and trust with stakeholders. Facilitates data-driven decision-making by providing insights into ESG performance and identifying areas for improvement.

Everything accounted for, ESG Reporting Software is a crucial instrument for contemporary businesses trying to satisfy the rising demands for ethics, sustainability, and transparency. Organizations may improve their ESG performance, adhere to legal requirements, and forge closer bonds with stakeholders by utilizing these technologies.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

ESG Reporting Software Market Drivers:   

Increasing Regulatory Pressure

• More stringent ESG reporting regulations are being implemented globally by governments and regulatory agencies. The extent of mandatory reporting has been greatly expanded by the European Union's Corporate Sustainability Reporting Directive (CSRD), which requires listed SMEs and big corporations to publish full ESG information. In order to assure compliance, this provides a strong incentive for businesses to implement ESG reporting tools.  
• For instance, In April 2023, the European Parliament adopted the CSRD, significantly expanding the scope of ESG reporting requirements for companies. This has led to a surge in demand for ESG reporting software in Europe as companies prepare to comply with the new regulations.

Growing Investor Demand

• ESG factors are being considered by investors more and more when making investment decisions. ESG assets are expected to surpass $53 trillion by 2025, accounting for over one-third of all assets under management worldwide, according to a Bloomberg research. Companies are being compelled to improve their ESG disclosures through the use of advanced reporting technologies due to the increase in ESG-focused investing.
• For instance, In January 2023, BlackRock, one of the world’s largest asset managers, reiterated its commitment to integrating ESG considerations into its investment processes. This has increased pressure on companies to improve their ESG disclosures to attract investment from major institutional investors.

Restrains in the ESG Reporting Software Market:

High Implementation Costs

• Implementing ESG reporting software can require significant upfront investment, including the cost of the software itself, customization, and integration with existing systems. This can be a barrier for smaller companies with limited budgets.
• In addition to the initial outlay, there are continuing costs for user training, software updates, and maintenance. Some businesses may find it difficult to continue their ESG reporting efforts due to these escalating expenditures.

Lack of Standardization

• The regulatory landscape for ESG reporting is constantly evolving, with new guidelines and requirements emerging regularly. Keeping up with these changes and adjusting reporting practices accordingly can be a daunting task for companies.
• While there are several ESG reporting frameworks, there is no universal standard, which can create confusion and inconsistency in reporting practices. Companies may find it challenging to choose the right framework and ensure their reporting meets multiple stakeholders' requirements.

Key Opportunities in ESG Reporting Software Market:

Integration with Emerging Technologies

• ESG reporting software can improve data analysis and offer predicted insights by utilising AI and ML. By automating data gathering, spotting trends, and forecasting future ESG performance, these tools allow for more proactive management. AI-driven solutions, for instance, can assist businesses in predicting societal shifts or legislative changes that may have an effect on their ESG ratings.

Customization for Industry-specific Needs

• To improve the value proposition of ESG reporting software, industry-specific modules that cater to the particular ESG issues and regulatory constraints of various industries can be developed. For example, the manufacturing industry could need to keep a close eye on waste management and emissions, whereas the finance industry might be more concerned with governance and moral investment practices.

ESG Reporting Software Market is segmented based on based on by Component, Deployment Mode, Application, End-User and Region.

Components Insight

• Software - ESG Reporting Software encompasses various platforms and tools designed to help organizations track, manage, and report their Environmental, Social, and Governance (ESG) metrics. Data Collection and Management Software tools automate the gathering of ESG-related data from various sources within an organization.
• Services – This segment includes a range of professional services that support the implementation, customization, and utilization of ESG Reporting Software. Assistance with the installation, configuration, and customization of ESG reporting software. This ensures that the software meets the specific needs of the organization and integrates well with existing systems.

Deployment Mode Insights

• On-Premises - On-premises ESG reporting software is installed and run on the organization's own servers and infrastructure. On-premises solutions can be highly customized to meet the specific needs of the organization. Companies can tailor the software to integrate seamlessly with their existing systems and workflows.   
• Cloud-Based - Cloud-based solutions can easily scale up or down based on the organization’s needs. This flexibility makes them ideal for companies of all sizes, from start-ups to large enterprises.

Application Insights

• Social Reporting - Social reporting focuses on an organization's social impact and responsibility, covering various aspects related to employees, communities, and stakeholders.
• Environmental Reporting - Tracking and reporting greenhouse gas emissions, energy consumption, and carbon footprint. Software tools help measure, manage, and reduce environmental impact.   
• Governance Reporting - Increasing regulatory requirements around environmental reporting are driving demand for robust environmental reporting tools. Governments and regulatory bodies worldwide are introducing stricter environmental regulations, such as the European Union’s Emissions Trading System (ETS) and the U.S. Securities and Exchange Commission (SEC) proposed climate disclosure rules.    

End-User Insights

• Financial Services – ESG reporting in the financial services sector focuses on transparency, risk management, and compliance with stringent regulations. Financial institutions, such as banks, asset managers, and insurance companies, use ESG reporting software to track and report on their sustainability practices, investment strategies, and governance policies.
• Healthcare - In the healthcare sector, ESG reporting focuses on patient care quality, ethical practices, environmental impact, and community health initiatives. Hospitals, pharmaceutical companies, and healthcare providers use ESG software to manage and report their ESG performance.
• Retail - Retailers use ESG reporting software to track sustainability practices, supply chain transparency, and social responsibility initiatives. This includes large retail chains, e-commerce platforms, and specialty stores.
• Manufacturing - The manufacturing sector uses ESG reporting software to monitor environmental impact, worker safety, and sustainable production processes. This includes industries such as automotive, electronics, and heavy machinery.
• Technology - Technology companies utilize ESG reporting software to address issues related to data privacy, ethical use of technology, and environmental impact. This includes software developers, hardware manufacturers, and IT service providers.  
• Others – This segment include sectors like agriculture, energy, transportation, and more. Tailors ESG reporting to meet the unique requirements of various industries, such as agricultural sustainability or energy sector emissions. Also, comprehensive monitoring provides tools for tracking a wide range of ESG metrics relevant to diverse industries.

ESG Reporting Software Market Regional Insights:

On region the ESG Reporting Software Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

• North America particularly the United States and Canada, is a significant market for ESG reporting software due to strong regulatory frameworks and increasing investor demand for transparency in sustainability practices.
• Asia Pacific region is rapidly growing in the ESG reporting software market due to increasing regulatory developments, investor interest, and corporate sustainability efforts. Countries like Japan, South Korea, and Australia are enhancing their ESG reporting requirements. China is also beginning to emphasize ESG reporting as part of its broader economic reforms.
• Europe is expected to dominate the target market growth and this region is also considered a leader in the ESG reporting software market, driven by rigorous regulations and a strong cultural emphasis on sustainability and corporate responsibility.
• Latin America is emerging as a promising market for ESG reporting software, driven by increasing awareness and regulatory initiatives. There is a growing awareness of the importance of ESG factors among businesses and investors in Latin America. This has led to increased adoption of ESG reporting practices.
• Middle East & Africa region is a growing interest from both regional and international investors in ESG factors, driving companies to adopt ESG reporting tools to enhance transparency and attract investment.  

ESG Reporting Software Market Report Scope:

Attribute	Details
Market Size 2024	US$ 2.6 million
Projected Market Size 2034	US$ 10.3 million
CAGR Growth Rate	16.4%
Base year for estimation	2023
Forecast period	2024-2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Component - Software, and Services By Deployment Mode - On-Premises, and Cloud-Based By Application - Social Reporting, Environmental Reporting, and Governance Reporting By End-User - Financial Services, Healthcare, Retail, Manufacturing, Technology, Others
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the ESG Reporting Software Market report based on By Product, By End-User and Region:

ESG Reporting Software Market, By Components:

• Software
• Services

ESG Reporting Software Market, By Deployment Mode:

• On-Premises
• Cloud-Based

ESG Reporting Software Market, By Application:

• Social Reporting
• Environmental Reporting
• Governance Reporting

ESG Reporting Software Market, By End-User:

• Financial Services
• Healthcare
• Retail
• Manufacturing
• Technology
• Others

ESG Reporting Software Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the ESG Reporting Software Market includes, Enablon, Workiva, Refinitiv, CSRware, EcoVadis, Datamaran, NAVEX Global, MetricStream, Sustainalytics, and Nasdaq ESG Solutions.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

• In April 2024, ESG data solutions provider ESGgo announced the launch of One-Click Sustainability Report, a new AI-powered solution aimed at enabling companies to easily produce sustainability reports aligned with regulatory frameworks and stakeholder requirements. ESGgo claims that the new solution enables businesses to expedite their sustainability reporting procedures while guaranteeing adherence to the constantly-evolving sustainability standards. The data engine, driven by artificial intelligence, of the company facilitates the processing of textual and numerical data, calculates emissions, and synthesises datasets to generate customised sustainability reports.
• In April 2024, Infor, the industry cloud company, announced the launch of Infor GenAI and ESG Reporting, to help customers improve productivity and report on their environmental footprint. Modern Infor solutions, such as supply chain management systems and industry-leading ERPs, power vital operations in the manufacturing, distribution, healthcare, and public sectors. The power of GenAI, along with specific industry capabilities and insights, gives customers the ability to quickly realise more value by leveraging the right data and workflows.
• In December 2022, World Tour NYC, Salesforce announced Automate 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.

• Enablon*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
  • Business Strategy Overview
• Workiva
• Refinitiv
• CSRware
• EcoVadis
• Datamaran
• NAVEX Global
• MetricStream
• Sustainalytics
• Nasdaq ESG Solutions

“*” marked represents similar segmentation in other categories in the respective section.

Research Objective and Assumption

• Preface
• Research Objectives
• Study Scope
• Years Considered for the study
• Assumptions
• Abbreviations

Research Methodology

• Research data
• Primary Data
  • Primary Interviews
  • Primary Breakdown
  • Key data from Primary Sources
  • Key Thickness Insights
• Secondary Data
  • Major Secondary Sources
  • Secondary Sources
• Market Estimation
• Top-Down Approach
  • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
• Bottom-Up Approach
  • Approach for estimating market share by Bottom-up Analysis (Demand Side)
• Market Breakdown and Data Triangulation
• Research Assumptions

Market Preview

• Executive Summary
• Key Findings—Global Outlook for AI in Video Surveillance Strategies
  • Key Questions this Study Will Answer
  • Market Snippet, By Component
  • Market Snippet, By Deployment Mode
  • Market Snippet, By Application
  • Market Snippet, By End-User
  • Market Snippet, By Region
• Opportunity Map Analysis
• Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

• Market Dynamics
  • Drivers
  • Restrains
  • Market Opportunities
  • Market Trends
• DR Impact Analysis
• PEST Analysis
• Porter’s Five Forces Analysis
• Opportunity Orbit
• Market Investment Feasibility Index
• Macroeconomic Factor Analysis

Market Segmentation, By Component, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Software
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Services
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Deployment Mode, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• On-Premises
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Cloud-Based
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Social Reporting
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Environmental Reporting
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Governance Reporting
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By End-User, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Financial Services
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Healthcare
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Retail
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Manufacturing
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Technology
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Others
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Regional Trends
• North America
  • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Deployment Mode, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By End-User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • U.S.
    • Canada
• Europe
  • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Deployment Mode, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By End-User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • UK
    • France
    • Germany
    • Russia
    • Italy
    • Rest of Europe
• Asia Pacific
  • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Deployment Mode, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By End-User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • India
    • Japan
    • South Korea
    • China
    • Rest of Asia Pacific
• Latin America
  • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Deployment Mode, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By End-User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • Brazil
    • Mexico
    • Rest of Latin America

• Middle East & Africa
  • Market Size and Forecast (US$ Bn), By Component, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Deployment Mode, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By End-User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East

Competitive Landscape

• Heat Map Analysis
• Market Presence and Specificity Analysis

Company Profiles

• Enablon
• Workiva
• Refinitiv
• CSRware
• EcoVadis
• Datamaran
• NAVEX Global
• MetricStream
• Sustainalytics
• Nasdaq ESG Solutions

The Last Word

• Future Impact
• About Us
• Contact