Maximize Your ESG Strategy with Proven ESG Software Solutions

ESG Software Overview

These days, businesses can’t ignore the buzz around Environmental, Social, and Governance (ESG) issues. ESG software helps companies keep up their act, hit those green targets, tick off the regulatory boxes, and be more straight-up in what they’re doing. Let’s peek at how this market’s getting bigger and who’s playing hardball in it.

Growth Projections

ESG software’s racing ahead, with rules tightening up and more eyeballs from folks invested in these companies.

Here’s how it’s looking by the numbers:

• We’re guessing the market will hit around $571.74 million by 2028, pushed by new rules, government hassle, and bigwig investors keeping watch.
• Sales for ESG tracking gadgets are expected to shoot past US$1 billion by 2024, a quick jump from just below US$800 million in 2023.
• With almost 50,000 companies now needing to follow the Corporate Sustainability Reporting Directive (CSRD), sales might zoom past US$100 million in 2024.

Year	Projected Revenue
2023	< US$800 million
2024	> US$1 billion
2028	$571.74 million

The Carbon Disclosure Project (CDP) is like a trusty guide, hosting workshops to help businesses spill the beans on their environmental impact. Offering a scoring system that matches important environmental standards, it helps companies gather and present the needed data easily.

Key Players

Several big names are shaking things up, each putting their own spin on ESG software:

Company	Key Features
Novata	Strong focus on private markets, a tech platform that easily handles data for ESG checkpoints and provides solid insights.
Proof	Runs on the Impact Catalyst® system, an API specifically made to ensure data’s true-blue through a process of seven checks. Offers real-time digital dashboards you can share around.
Benchmark ESG	Helps teams hook up with frameworks using APIs and handy remote features, improving how data’s collected and shown.
Workiva	Simple drag-and-drop features for assembling data sets and reports with ease, zeroing in on automation and joining the dots with data. They’ve teamed up with Persefoni for better carbon accounting and ESG tracking.
Impact by Mesa	Part of a broader toolkit, it offers plans for strategy and sustainability, materiality checks, ESG grading, and environmental reports. Comes with stakeholder engagement tools you can use on phones or PCs.

For more tips on reporting, check our full guide on esg reporting or look into esg policy for policy creation tips. Companies looking to build a balanced and robust ESG strategy should explore all features of the major software solutions buzzing in the market.

Specialized ESG Solutions

Trying to make sense of an ESG (Environmental, Social, and Governance) maze? Novata and Proof’s cracking Impact Catalyst® engine have got just what you need.

Novata’s Offerings

Novata’s your go-to for private market ESG needs, packing a punch with its tech-savvy, highly adaptable platform. It doesn’t just stand still; it moves with you, gathering data like a squirrel with acorns and throwing insights at you like a fortune teller on a caffeine high. It’s got you covered, regardless of wacky esg goals or esg criteria you’re chasing.

Standout features of Novata’s platform:

• Flexi Data Collection: Scoops up essential ESG data with no sweat.
• Snappy Reports: Because waiting for insights is sooo last century.
• Dashboard Delight: Gives you all the deets at a glance with its heartwarming interface.

Feature	What’s it do?
Custom Heaven	Bends ESG criteria to fit your wild dreams
Snap-Reporting	Gives lightning-fast insights for smart calls
Nice Interface	Slick dashboard for top-notch ESG view

If you’re kinda curious for more, check out esg platform and esg metrics.

Proof’s Impact Catalyst® Engine

Proof’s got this API thing, Impact Catalyst®, which basically sifts through ESG stuff with style. No fakery here, just spot-on, reliable data that says goodbye to old-school yearly ESG updates and ushers in the era of instant digital dashboards.

Key features of Proof’s Impact Catalyst®:

• Data You Can Trust: Puts it through the wringer with a seven-step check.
• Instant Flashlights: See ESG issues before they trip you up.
• Show-Off Dashboards: Share those insights without losing your friends.

Feature	What’s it do?
Data Detective	Seven-step checks make sure data’s spick and span
Flashlights	Peek around corners with real-time ESG views
Share & Care	Hand over digital dashboards with a wink

If you’re itching for more stuff on ESG, hit up esg reporting, esg compliance, and esg risk management.

Both Novata and Proof are blazing trails in the ESG software game, bringing some serious mojo to help you nail that esg strategy and esg reporting.

Streamlining ESG Reporting

Benchmark ESG’s Framework Connectivity

Benchmark ESG focuses on bringing teams together in harmony, using APIs and online collaboration to maintain top-notch reporting and clear communication with all involved parties. It’s all about making data collection and presentation straightforward for those wanting to polish up their reports.

Key features of Benchmark ESG include:

• Framework Connections: Allows for an easy handshake with different ESG frameworks, making it a breeze to comply and maintain consistent reporting.
• Remote Collaboration: Offers tools that let everyone pitch in on the ESG reporting even if they’re chilling on a beach somewhere.
• API Integration: Smoothes out data collection by hooking up to the systems you’ve already got, which means less typing errors and more coffee breaks.

These bits make Benchmark ESG a go-to for companies aiming to get their ESG data spot on. Want more gossip on ESG frameworks? We’ve got it all under esg frameworks.

Workiva’s Automation Emphasis

Workiva, up there in the world of financial and ESG reporting, wants everyone to have a grand old time managing ESG. It throws in drag-and-drop magic so reports practically build themselves. Automation is their thing – making sure tasks fly by, approvals are a doddle, and data updates are hassle-free.

Key features of Workiva include:

• Automation: Takes over the boring, repetitive stuff like data entry, freeing up time for more important things, like lunch.
• Easy Interface: With drag-and-drop features, you can make your reports look snazzy without needing a tech degree.
• Complete View: Pulls in data from everywhere, giving you a headline view of your ESG data kingdom.

Thinking about giving your ESG game a boost? Workiva’s mix of automation and ease of use is worth a gander. Got a hankering for more info on ESG compliance and data fusion? Check out our reads on esg compliance and esg data.

Comparison of Benchmark ESG and Workiva

Feature	Benchmark ESG	Workiva
Framework Connections	Yep	Nah
Remote Collaboration	Tops	Meh
API Integration	Loads	Not loads
Automation	Meh	Loads
Easy Interface	Fair	Rockin’ Drag & Drop

Picking the right ESG software is all about what your business is craving. Benchmark ESG and Workiva each have their own flavour of features to tickle different ESG reporting fancies.

For a nudge in the right direction with ESG solutions, poke around our pages on esg strategy and esg integration.

Factors in Picking ESG Software

Choosing the right ESG software can feel like trying to find the perfect pair of jeans – it must fit just right. Let’s break down the biggies of customisation, system compatibility, and usability to help you find software that won’t give your team the blues.

Customisation Capabilities

When hooking up with ESG software, one-size-fits-all just won’t cut it. Your organisation’s goals and reports are as unique as a fingerprint, and bending the software to match these is non-negotiable. Here’s what to look for:

• Reporting Templates: Tweak-friendly templates to fit your company’s ESG policy like a glove and keep everything up to code.
• Data Fields: Add, nix, or tweak data fields to lock in on the metrics and KPIs that vibe with your ESG strategy.
• Dashboards: Custom dashboards for instant x-ray vision into your ESG mojo.

Customisation Feature	Importance
Reporting Templates	Sky high
Data Fields	Sky high
Dashboards	Not too shabby

Integration with Current Systems

Picking ESG software’s like hooking up hi-fi gear – if it doesn’t play nice with what you’ve got, it’s a miss. So, make sure it slips seamlessly into your current setup. Here’s what’s usually on the checklist:

• Financial Reporting Software: Make sure ESG stats jam smoothly with your financial hits for the full album experience.
• Customer Relationship Management (CRM) Software: Sync it to keep tabs on customer-driven ESG projects.
• Enterprise Resource Planning (ERP) Systems: See everything in one place, including the juicy ESG bits.

System for Integration	Importance
Financial Reporting Software	Top-tier
CRM Software	Pretty important
ERP Systems	Top-tier too

For more on hooking up ESG software with your current rig, check out our post on ESG Integration.

User-Friendly Interfaces

If your team can’t use it easily, it’s not worth the bother. We’re talking slick, simple, and speedy. Here’s what makes software user-friendly:

• Intuitive Design: Clean as a whistle and easy to use, so your crew won’t need a PhD to start ticking boxes.
• Real-Time Data Access: Instant access to keep your ESG decisions snappy.
• Automatic Updates: Keeps the bells and whistles shiny and compliant with the latest ESG hype.

User-Friendly Feature	Importance
Intuitive Design	High stakes
Real-Time Data Access	Really crucial
Automatic Updates	Kind of crucial

Grabbing ESG software with an eye on customisation, easy peasy integration, and simple interfaces will crank up your organisation’s game. For more on picking the brightest tool in the box, don’t miss our insights on why ESG matters.