ESG Reporting Software Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to esg reporting software market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

ESG Reporting Software Market News

in ESG Reporting Software Market
  • In January 2025, SAP SE reported increasing global demand for its sustainability management software, notably the Green Ledger. This tool assists companies in producing verifiable sustainability reports aligned with the European Corporate Sustainability Reporting Directive (CSRD) set for 2028. SAP anticipates more contracts in the latter half of the year.
  • In September 2024, MSCI Inc. experienced a slowdown in revenue growth within its ESG and Climate segment, attributed to broader challenges in sustainable finance. Despite this, the company remains optimistic, highlighting a partnership with Moody's and sustained demand for precise ESG data in the European Union.
  • In August 2024, Goldman Sachs invested in the ESG software provider osapiens to support companies in meeting new European sustainability regulations. This investment aims to enhance osapiens' capabilities in improving corporate sustainability performance and compliance across Europe.

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Global ESG Reporting Software Market size was valued at USD 1.2 Billion in 2023 poised to grow from USD 1.20 Billion in 2024 to USD 4.51 Billion by 2032, growing at a CAGR of 18% in the forecast period (2025-2032).

The global ESG reporting software market outlook is highly competitive, with major players like SAP SE, Workiva Inc., IBM Corporation, Wolters Kluwer, and Nasdaq Inc. driving innovation. Workiva focuses on integrating AI for automated ESG disclosures, while SAP enhances cloud-based ESG tools for enterprise clients. Wolters Kluwer is expanding its ESG portfolio through acquisitions, and Nasdaq emphasizes transparency tools for investor-grade sustainability reporting. These strategies shape the evolving competitive landscape. 'SAP SE (Germany)', 'Workiva Inc. (USA)', 'Wolters Kluwer N.V. (Netherlands)', 'IBM Corporation (USA)', 'Nasdaq Inc. (USA)', 'S&P Global Inc. (USA)', 'Diligent Corporation (USA)', 'Refinitiv (United Kingdom)', 'Datamaran (United Kingdom)', 'Greenstone+ Limited (United Kingdom)', 'FigBytes Inc. (Canada)', 'Intelex Technologies Inc. (Canada)', 'Enablon (France)', 'EcoVadis (France)', 'Plan A (Germany)'

The absence of globally recognized ESG reporting standards presents a challenge for companies looking to adopt ESG reporting software. Without standardized frameworks, businesses may struggle to align their reporting processes, leading to confusion and inefficiencies. This lack of consistency can hinder widespread software adoption and market growth.

AI-Driven Automation Enhancing ESG Accuracy: The integration of AI and machine learning in ESG reporting software is enabling real-time data analysis, anomaly detection, and predictive insights. This trend improves reporting accuracy and efficiency, helping firms meet regulatory standards and stakeholder expectations with greater transparency and reduced manual workload.

What Technologies are Enhancing ESG Reporting Capabilities in North America?

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Global ESG Reporting Software Market
ESG Reporting Software Market

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