ESG REPORTING SOFTWARE MARKET companies

Market Concentration and Competitive Landscape

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Top Strategies Followed by Global ESG Reporting Software Market Players

• Established Players: Established market leaders focus extensively on research and development to develop innovative products. Industry giants like SAP, Wolters Kluwer, and Schneider Electric invest heavily in R&D each year. They consistently enhance their software's analytical capabilities and reporting functionalities leveraging cutting-edge technologies. These companies also pursue strategic partnerships to strengthen their market presence. For instance, SAP collaborates with OEMs to embed its ESG solutions within their existing sustainability reporting frameworks. This helps clients streamline data collection and reporting processes. For example, SAP has partnered with BearingPoint to integrate its ESG reporting solutions into financial and risk management systems, enabling businesses to seamlessly track and report sustainability metrics. This collaboration enhances SAP’s Sustainability Control Tower, a platform designed to help enterprises achieve compliance with the latest ESG regulations.
• Mid-level Players: Mid-tier vendors differentiate by providing cost-competitive solutions. Software like AECOM's EIMS targets price-sensitive small and medium enterprises with an affordable pricing model. Some collaborate with technology firms to augment product capabilities. For example, CGI partnered with Microsoft to incorporate AI and Blockchain within its reporting platforms.
• Small-scale Players: Small companies often target niche markets through specialization. Ecometrica focuses solely on carbon accounting software suitable for climate change Equias aims to enable ESG reporting for non-profits and impact investors through its specialized framework. Local alliances also help startups enter new regions.

Emerging Startups – ESG Reporting Software Industry Ecosystem

• Innovative Technologies: Several startups are developing innovative technologies to disrupt the market. Climate Visuals utilizes satellite imagery and AI to detect methane leaks across oil/gas sites. Cloverly applies computer vision to extract sustainability data from supplier invoices, contracts, and other documents. Such technologies could transform ESG reporting over time. Satellite monitoring and AI-driven data extraction can automate emissions quantification and make reporting more accurate and efficient. This may lower compliance costs for companies and streamline the audit process.
• Sustainable Solutions: Startups like Moss Earth and Plan A focus exclusively on sustainability. Moss Earth creates carbon accounting software tailored for nature-based climate solutions like reforestation. Plan A develops reporting tools aligned with the UN's SDG framework to aid companies' sustainable development goals. By addressing specialized areas like nature restoration or the SDGs, these emerging firms help expand the overall market vertically. Their innovations also push large incumbents to strengthen relevant capabilities. New entrants often partner with governments and non-profits to test solutions, gaining credibility.

Key Developments:

• In November 2023, Wolters Kluwer CP & ESG, a provider of ESG solutions, added ESG reporting and disclosure capabilities to its Enablon ESG Excellence solution
• In June 2023, Sphera, a provider of ESG performance and risk management solutions, launched its SpheraCloud Corporate Sustainability–Portfolio Management, a software solution aimed at enabling financial institutions to measure financed and portfolio emissions, as well as to assess climate-related risks and opportunities and meet ESG reporting requirements