ESG Reporting Software Market Update

ESG Reporting Software Market Update is an interview series hosted by ARC’s own, that provides listeners an opportunity to hear from the analysts themselves about their most recent findings and key takeaways. For more than three decades, ARC has been recognized globally for our detailed market analyses and unrivaled accuracy. Producing a market research analysis requires an immense amount of effort, expertise, and attention to detail. Expect questions regarding scope, major trends, supplier landscapes, and much more. We are speaking with ARC's Peter Manos and his market analysis on Environmental, Social, and Governance (ESG) Software.

Q: Can you briefly talk about the scope of research that went into producing such quality market analysis on ESG like this?

           First, let’s carve out the main segments that ESG is addressing, environmental, social, and corporate governance. In terms of the solutions capabilities, versus the larger constellation of sustainability related solutions. That larger constellation is everything from carbon accounting to environmental health and safety software. As well as things that help to inform the evaluation of risk that overlap partially with the ESG side. We also focus on the actual asset owner operators, and the use cases for their improving their carbon footprints and meeting their long term decarbonization goals. Also, enabling the full not only scope 1 and 2, but also scope 3 up and down the supply chain. So, the value of this is tremendous in terms of all the ways that markets are responding to what traditionally has been called non-financial.

Q: What strategies would you recommend to the asset owners, the technology users, that are looking to purchase ESG recording software?

              I would say to evaluate the strengths in your vertical and your industry of the suppliers that you're looking at. Also, I would say the Mid-size and even smaller tier 3 suppliers of these solutions sometimes are as strong or stronger. If you're talking about a company with 50 to 250 employees. But it's right in your space and they're strong and have a long legacy in your industry. They're bringing their ESG solution and their services to bear the fact that 50-to-250-person company might be stronger than a 10,000 or 20,000 employee company. We see that tier one asset owner operators as easily going with tier three size solution providers as going with the mid and bigger solution providers.

Peter is Director of Research for Electric Power & Smart Grid, on the Energy Sector team at ARC. He analyzes the latest trends across People, Process, and Technology to uncover business and digital transformation best practices for electric, gas, and water utilities.

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