9 Best ESG Reporting Software for Small Business in 2024

Nowadays, most organizations are committed to enhancing their environment, social, and governance (ESG) performance to meet the demands of their investors and regulators. Due to this, creating ESG reports has become a popular practice. For that purpose, an ESG reporting software is used.

With this software, you can analyze ESG-related data, identify improvement areas, share reports with stakeholders, etc. In this article, you will learn more about these software and how you can incorporate within your business operations.

What is ESG Reporting Software?

ESG software refers to the Environmental, Social, and Governance software that helps organizations to manage, measure, and report on their performance within the areas of sustainability and social responsibility.

Investors and stakeholders who are investing in a company require transparency on the company’s impact on the environment, its social responsibility, and its governance practices. ESG reporting software helps organizations to create accurate and concise reports that build trust among stakeholders.

Moreover, by keeping all the ESG data at one place, you can also identify areas for improvement and make data-driven decisions for enhancing the sustainability quotient of your organization.

9 Best ESG Reporting Software for Small Business in 2024

Let’s look at the top ESG software and their features and pricing. This would make it easier for you to choose the right option.

1. Workiva

Workiva ESG software helps organizations in streamlining and managing Environmental, Social, and Governance (ESG) reporting and compliance. It comes with many features to collect, analyze, and report ESG specific data to help companies analyze their performance in areas like sustainability, corporate responsibility, diversity, and more.

This ESG reporting software also helps in meeting regulatory compliance and communicate ESG efforts to stakeholders.

Workiva Top Features

• Provides several ESG Frameworks to measure your goals
• Supports systematic ESG planning
• Facilitates collaboration across teams for environmental, social, and governance reporting
• Offers ESG Path module to start your sustainability journey with materiality assessment templates and ESG metrics
• Connects ESG with GRC and financial reporting platforms to streamline work

Pricing of Workiva: Details are available on its official website

2. PWC ESG Pulse

PWC ESG Pulse ESG reporting software helps you make quick ESG assessments, define and measure goals, prioritize Environmental, Social, and Governance (ESG) efforts, etc. The reports generated with this software can be shared with stakeholders and auditors with ease.

It also helps you in tracking your carbon emission sources and create decarbonization strategies to reduce your carbon footprints.

PWC ESG Pulse Top Features

• Assesses the ESG disclosure with custom configurations and benchmarking
• Offers industry-leading frameworks to analyze the company’s performance
• Captures the real-time ESG data on the current company’s state
• Identifies gaps and opportunities to reduce emissions via data analysis
• Provides a dashboard to analyze emission scores, add comments and share your ESG reports with stakeholders.

PWC ESG Pulse Pricing: Details are available on its official website

3. Diginex

DiginexESG supports businesses throughout their ESG reporting procedure. Whether you want to identify reporting topics or just want to create professional reports, this ESG reporting software can help you out.

With it, you can develop and manage materiality surveys, choose a reporting framework to create reports, and collect data from multiple sources for ESG reporting.

Diginex Top Features

• Supports Materiality Assessment to find topics for ESG reporting
• Manages all the reporting data with Data Management module
• Supports 15 globally recognized ESG reporting frameworks
• Streamlines team collaboration to work on reports in real time
• Creates group and individual level reports

Pricing of Diginex: Details are available on its official website

4. EcoVadis

EcoVadis is a sustainability platform that assesses a company’s sustainability practices. It offers a sustainability rating that you can use to represent your environmental and social responsibility efforts practiced in your organization.

With its Carbon Calculator, you can also calculate Scope 1 and 2 emissions. This ESG reporting tool also comes with improvement tools to calculate, measure, and report GHG emissions across the entire supply chain.

EcoVadis Top Features

• Supports sustainability risk screening and analysis
• Provides corrective action tools to mitigate risk
• Evaluates environment impact from business procedures
• Checks the implementation of labor rights within your supply chain
• Uses questionnaires, documents analysis, and external data sources to evaluate sustainable practices

Pricing of EcoVadis: Details are available on its official website

5. AuditBoard

AuditBoard’s ESG & Sustainability Operationalized software helps in managing all the procedures of ESG reporting. It enables organizations to share their ESG related data with the stakeholders to get visibility into the ESG operations.

You can also use it to recognize and mitigate environmental, social, and governance risks within your organization. Moreover, this ESG reporting platform can import the data in any format to meet regulatory compliance.

Top Features of AuditBoard

• Gathers data from multiple databases by sending requests to these databases
• Offers Materiality Assessments to set your ESG goals and motives
• Streamlines and manages organization risks
• Selects ESG reporting metrics based on the materiality assessment, frameworks, disclosure guidelines, etc.
• Exports data as required for compliance

AuditBoard Pricing: Details are available on its official website

6. Diligent Corporation Diligent ESG & DIVERSITY

Diligent ESG & DIVERSITY helps organizations with monitoring, analyzing and measuring ESG initiatives. This software makes it easy to manage all your environmental, social, and governance data from a single portal.

Therefore, helping you to easily share this data with auditors and stakeholders. This ESG reporting software provides almost 80+ reports templates to quickly generate auditable reports.

Diligent ESG & DIVERSITY Top Features

• Automatically collects data to generate audit reports
• Offers a centralized platform to collect and share ESG data
• Evaluates peers’ performance via Peer Assessments
• Offers 70,000 emissions factors to generate reports
• Generates 100% auditable ESG reports with the complete calculation transparency

Pricing of Diligent ESG & DIVERSITY: Details are available on its official website

7. Cority Sustainability Software

Cority sustainability software empowers organizations to measure and meet their sustainability goals. Whether you are measuring sustainability goals from many years or just starting with it, Cority provides all the features to support you.

This ESG reporting platform can calculate GHG emissions, send reports for third party audits, create CDP reports, report climate change risks, and perform scope 1, 2 & 3 analysis.

Cority Top Features

• Collects data from multiple sources like energy, transport, waste, etc.
• Automatically calculates carbon emissions via 1m+ Scope 1-3 GHG metrics
• Provides exportable dashboards to view and share data at granular levels
• Assesses the suppliers against the defined risk criteria
• Streamlines and manages both internal and external audits

Cority Pricing: Details are available on its official website

8. Persefoni

Persefoni climate management platform is used to measure and report the emissions data accurately. With it, you can generate GHG emission reports for multiple climate disclosure regulations and manage decarbonization goals for your organization.

This ESG data software also supports multiple Emission Reduction methods, creates a footprint ledger, generates sustainability reports, and shares Scope 3 reports with stakeholders and auditors.

Persefoni Top Features

• Measures an unlimited emissions data
• Supports Scope 1, 2, and 3 reporting
• Exports and shares the emission data with stakeholders
• Provides Advanced Emissions Analytics to get granular view of emission hotspots
• Generates regulatory GHG emission reports for SEC, California, etc.

Pricing of Persefoni: Free plan available | Paid plan details are available on request

9. Greenly

Greenly is a carbon management platform used for measuring, reducing, and reporting your carbon emissions. It can help you with measuring carbon footprints, tracking emissions in real time, visualizing carbon emissions data, tracking progress towards sustainability goals, and so on.

Additionally, Greenly provides detailed emissions benchmarks of your industry to see where your company stands in these benchmarks.

Top Features of Greenly

• Performs carbon assessments for Scope 1,2, and 3 activities
• Supports decarbonization strategy building
• Generates reports that comply with well-known standards
• Performs the life cycle assessment of your product
• Showcases your carbon assessment via the public page

Pricing of Greenly: No free plan available | Paid plan starts from INR 1,62,604.26/Year

Top Features of ESG Reporting Software

ESG reporting software helps organizations to gather, manage and analyze data related to environmental, social, and governance (ESG) factors. It comes with features like pre-set frameworks, data collection, customizable reports, and AI-based ESG analysis.

Let’s look at these features in detail below:

• Pre-set Frameworks: An ESG platform comes with multiple pre-configured compliance frameworks to quickly generate error-free ESG reports
• Data Collection: This software also comes with a data collection feature that helps collect data from diverse sources like internal systems, surveys, external databases, etc. This will save your valuable time and reduce data errors.
• Customizable Report: ESG reporting software comes with several customizable reports templates that make it easier to generate different compliance reports.
• AI-Based ESG Analysis: Rather than manual analysis, the software uses AI-based algorithms to process and analyze the bulk of ESG-related data. This helps you to process complex data and gain actionable insights quickly.

Why Use ESG Software?

ESG software streamlines the reporting process by collecting data for processing and analyzing. It helps users to generate precise and accurate reports comprising all the necessary ESG data that can be shared with the appropriate regulator.

Additionally, the ESG reporting tool helps organizations meet the industry-compliant requirements. It helps organizations provide accurate ESG disclosures about their company’s ESG performance. This helps in fostering accountability and building trust with the stakeholders.

Industries Using ESG Software

ESG software is being used across a wide range of industries, as companies increasingly focus on environmental, social, and governance issues. Some of the industries that use this software include:

• Manufacturing: Manufacturers use ESG software to track their environmental impact like energy and water use and reduce their waste.
• Energy: Energy companies use this software to track the emissions of greenhouse gases on the environment.
• Financial Services: Financial institutions use ESG reporting tools to measure the ESG performance of companies that are under their portfolios.

Which ESG Software is Best?

There are multiple ESG software available on the market offering amazing reporting and compliance features. The software offers features like carbon assessments, data collection, AI-based ESG reports, etc. Moreover, the software is also quite easy to use and navigate. Some of the best software are listed below:

• PWC ESG Pulse
• Diginex
• EcoVadis
• AuditBoard
• Cority

How We Tested These ESG Reporting Tools?

ESG reporting tools assist organizations in making data driven decisions that complement their ESG and sustainability motives. Choosing the right software for your company can be difficult with multiple options available.

To help you choose the right software, we have tested these software based on their features, pricing, usability, benefits, and so on. Also, we have considered the pricing of ESG software to help you choose the one that falls within your budget.

Conclusion

ESG reporting software plays an important role in assisting organizations in managing the complexities of ESG reporting. By using this software, you can not only meet regulatory requirements but also get strategic insights and build trust with stakeholders. In this article, we have enumerated some of the best articles that you can use for ESG reporting and to improve operational efficiency.

ESG Reporting Software: Frequently Asked Questions