Environmental, Social, and Governance (ESG) Software

The ESG Software Emerging Market Analysis delivers current market analysis plus a five year market and technology forecast.

Significant Growth Predicted for ESG Reporting Software Market

ARC Advisory Group’s research for Environmental, Social, and Corporate Governance (ESG) reporting software shows significant long-term growth amid increased focus on sustainability as a business performance measure. Market drivers for better ESG performance include a growing segment of end users who seek to do business exclusively with green and sustainability-focused suppliers and business partners. In an increasing number of instances, these end users are willing to pay a premium for products and services from companies with better ESG performance than their competitors.

ESG Software Strategic Issues

In addition to providing a five-year market forecast, the ESG Software market research provides detailed quantitative current market data and addresses key strategic issues as follows.

Ensure Plans Include the Right Platform

The ability to leverage software-as-a-service (SaaS) for deployment of ESG software, along with flexibility for users who may use desktops, cellphones, ruggedized PCs, etc., across different platforms, should all be considered, alongside the importance of on-premise instances of ESG software and data to meet the stringent requirements regarding sensitive data, rapid access for edge-computing based processes where any time lag associated with cloud-based computing would have negative operational impacts, as well as critical infrastructure cybersecurity requirements where backups and on-premise requirements vs. the cloud may still be a consideration.

Implementation and Cultural Considerations

The right fit for a technology as important as ESG requires not only all the desired technical capabilities for the solution and platform but should also involve deep consideration of the cultural fit between the organization and the implementation teams and the culture of the solution providers. Buy-in by end users can become a great driver of innovation and insight and improvements for your operations, while the lack of buy-in can be a source of great difficulties, or at least increases the likelihood of less-than-optimal project outcomes with respect to benefits realization. All of this depends on the “people” or “cultural” factor.