Summary: ESG reporting is used to track key Environmental Social and Governance metrics and ensure that your organization operates in a sustainable manner. These metrics are critical for the investors of your company. Let’s look at some of the best ESG reporting software that you can use for this purpose.
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.
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.
| ESG Reporting Tool | Best ESG Reporting Software for |
|---|---|
| Workiva | Centralizing and Managing ESG Data |
| PWC ESG Pulse | Creating Decarbonization Strategies |
| Diginex | ESG Reporting |
| EcoVadis | Managing ESG Risk and Compliance |
| AuditBoard | Managing Risk and Compliance |
| Diligent Corporation | Monitoring ESG Protocols |
| Cority | Measuring Sustainability Measurement |
| Persefoni | Automating Carbon Accounting |
| Greenly | Measuring Carbon Footprints |
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.
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.
Pricing of Workiva: Details are available on its official website
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 Pricing: Details are available on its official website
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.
Pricing of Diginex: Details are available on its official website
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.
Pricing of EcoVadis: Details are available on its official website
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.
AuditBoard Pricing: Details are available on its official website
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.
Pricing of Diligent ESG & DIVERSITY: Details are available on its official website
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 Pricing: Details are available on its official website
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.
Pricing of Persefoni: Free plan available | Paid plan details are available on request
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.
Pricing of Greenly: No free plan available | Paid plan starts from INR 1,62,604.26/Year
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:
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.
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:
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:
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.
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.
EcoVadis, IBM Envizi ESG Suite, Nasdaq Metrio, Novisto ESG, and Workiva are some of the best ESG reporting software that you can consider for ESG reporting and compliance.
The Global Real Estate Sustainability Benchmark (GRESB) is the most popular ESG framework used for evaluating the sustainability performance of various real estate portfolios and assets.
ESG reporting software helps in collecting, managing, analyzing, and reporting environmental, social, and governance (ESG) data. This data is then used to track and measure an organization’s sustainability performance and identify areas for improvement.
ESG Analytics AI, SIGWATCH, GaiaLens, Akadia, Richmond Global Sciences, and Opoint are some of the best ESG data providers from whom you can buy ESG software.
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