trustradius-logo Skip to main content Search My Research Activity Categories Does the vendor need to manage them or are internal IT resources available for implementation and deployment? Does it support the roles and permissions my organization requires? Find the best ESG Software Filter ( 64 product s) Industry Accounting Airlines / Aviation Alternative Dispute Resolution Alternative Medicine Animation Apparel & Fashion Architecture & Planning Arts and Crafts Automotive Aviation & Aerospace Banking Biotechnology Broadcast Media Building Materials Business Supplies and Equipment Capital Markets Make sure the platform you choose has a user-friendly interface that makes it easy for you to navigate ESG insights to trace the source of the data. Learn some ideas for how warehouse owners and operators can MRP II software gives companies much greater control over their scheduling and production processes than MRP software. It can be a great tool for teams that struggle with disjointed data, time-consuming manual processes, and data assurance. Best ESG Software Solutions: A Comprehensive Comparison Guide Ditch the spreadsheets, automate the process of creating measurable value that will impress your peers. However, since the ESG software space is still relatively new, there's plenty of space for growth and investor participation. Locus' award-winning ESG & Sustainability solution gives users the tools to optimize their sustainability management. What is the Best ESG Software for SMEs and SMBs? - ESG | The Report While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. The 50 Best College Towns in America - 24/7 Wall St. Users can answer some questions, upload their data and follow Persefoni's automated Footprint Workbook to set up processes for calculating carbon footprints. A form-based method of assigning tasks and collecting ESG data, with the option of using prebuilt templates or creating custom forms. ET Frameworks and standards complement each other from that standpoint. We provide actionable, objective insight to help organizations make smarter, faster decisions to stay ahead of disruption and accelerate growth. A climate impact benchmarking add-on module that uses CDP data to enable companies to compare their carbon footprints with those of similar organizations. What help do you need from them and how actively do they need to be engaged? Its worth considering the specific data points the ESG software successfully collects and reports on. Explore our AI capabilities enabling users to spend less time managing data and more time decarbonizing their businesses. The Metrio software also provides the following features: Microsoft released the first version of Microsoft Cloud for Sustainability, a suite of ESG and sustainability tools, in 2022 after making it available as a public preview the year before. The suite aims to help companies measure carbon emissions and set and manage sustainability goals. Designed for investment firms, it comes with features to map and measure their environmental impact and optimize their investments. A Sweep for Finance module that banks and investment firms can use to manage financed emissions in their investment portfolios. 1-14 of 14 results. Transparency is key when it comes to ESG reporting software. As a sustainability management solution, Diligent acts as a unifier of your data. ), Financial controls (even in the case of "non-financial" ESG data), Data archiving, retention, storage, and backups. 8 a.m. 5 p.m. GMT Drive positive change with . All other trademarks and company names are property of their respective owners. That product also includes third-party due diligence capabilities to help ensure that business partners align with a company's values. Working cross-functionally between teams is made easier with built-in features that enable teams to work on data and create reports from a central source of truth. Standards compliance (SOC 2, ISO 27001, HIPAA, etc. Learn more (0 reviews) Compare Visit Website Diligent ESG Benchmark Digital Premium. & testimonials from the top ESG Reporting Software vendors. Customized reporting tools for managing emissions in real estate property portfolios. Stay up-to-date on our latest product releases and updates. Providers noted that ESG reporting, program management and data management are the most commonly cited target business use cases of their solutions. Copyright 2023 - 2023, TechTarget The following are some of the other features included in the two IBM products: Enterprise applications vendor IFS added an ESG and sustainability module to its IFS Cloud platform in 2021. The best Environmental, Social, and Governance (ESG) solutions for small business to enterprises. An ESG report is a communication and disclosure tool designed to increase corporate transparency about an organizations ESG performance, risks, and opportunities. Is it essential to your success with the platform, or a nice-to-have? Users can also benchmark their organization's ESG performance against other companies. But several standards bodies have merged and are consolidating their frameworks, making the list of relevant ones a moving target. Read user reviews of top sustainability software. How to Choose the Best ESG Reporting Software for your Business Management and performance improvement of sustainability data is key to start ESG reporting and achieve ESG (Environmental, Social and Governance) goals. Ultimately, every company does marketing (including us), and it's expected companies will try to position themselves in the best light. 1. Through a series of APIs and remote collaboration features, Benchmark ESG connects teams and frameworks across organizations to ensure reporting quality and build trust with stakeholders. It includes two separate modules: one for managing ESG data collection, reporting and disclosures, and another for tracking the practices of suppliers to help companies build more sustainable and responsible supply chains. These frameworks offer a structured approach to evaluating a company's practices and ESG-related business risks and opportunities, including its impact on the environment and society. Sphera also offers the following ESG and sustainability features: Sweep was founded in 2020, making it one of the newest vendors on this list. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Tools to help identify and prioritize ESG goals and create a roadmap to help guide investment decisions. You can rely on the world's leading corporate sustainability software to manage reporting and performance improvement across the enterprise. Easily one of its most standout features is its emphasis on stakeholder engagement tools. Best Free ESG Software Solutions 2023 | Capterra These topics are gaining steam and articulate where corporations and environmental sustainability intersect. There's no single standard for ESG reporting -- nor is there likely to be, as much as that would simplify the reporting landscape. Reports that mirror how a business is organized based on products, divisions or locations. Software technologies can prevent data entry errors such as duplicate entries, irregular data, and human error. It later extended the preliminary offering to run on the Salesforce Lightning Platform and rebranded the product as Net Zero Cloud to highlight the importance of addressing climate goals. Bob Johnson, The platform is designed to be easy to use. It also uses weather data and AI technology to predict potential business impacts and provide near-real-time analytics to help guide mitigation and response plans. Does this system support that level of collaboration? The FigBytes platform combines modules for ESG strategy management, data management, analytics and reporting, and stakeholder engagement. Because these capabilities were created from the beginning to work together, companies can manage, track and report on all of their ESG and sustainability goals in parallel, according to FigBytes. Best Sustainability Management Software Sustainability management software monitors non-renewable energy sources, reduces operational costs, ensures regulatory compliance, and minimizes the emission of harmful production byproducts. UL 360 software cited by Verdantix Corporate ESG and Sustainability Software Report for its ease in meeting external reporting requirements. The performance metrics application enables companies to track both qualitative and quantitative ESG metrics on various KPIs, including water and energy usage, emissions and waste generation. Using the proper software helps track initiatives and performance against standards. It's always good to be honest in self-assessing your own internal capacity and ability to integrate an ESG reporting platform. The SaaS application monitors environmental conditions and alerts users when it detects problematic weather, wildfires and other disruptive events. Support for measuring and demonstrating progress toward meeting the Sustainable Development Goals set by the United Nations. Cookie Preferences To that end, it includes a Microsoft Sustainability Manager application that can be used to automate the collection of operational data, set up emissions calculations, streamline the reporting process and track carbon reduction targets. The reports, generally done on an annual basis, include details on different ESG metrics used to measure performance in those three areas in both quantitative and qualitative ways. It Workiva simplifies complex work for thousands of businesses worldwide. Real-time dashboards for setting projections on ESG performance and tracking progress toward goals. ESG vs. CSR vs. sustainability: What's the difference? But in response to the increased demand for ESG functionality, the company has expanded its platform over the years to support a broad range of sustainability and ESG management capabilities. The ability to use SAP's GreenToken blockchain-enabled digital twin technology as part of decarbonization efforts across supply chains. Best Sustainability Software - 2023 Reviews & Pricing Direct integration of IBM Envizi with the company's enterprise asset management, facility management and application resource management tools. The following are some of the other features that Watershed provides: Enablon was founded in 2000 and acquired by information, software and professional services provider Wolters Kluwer in 2016. By comparison, global organizations have larger teams and more resources, but also require enterprise workflow and governance support, ESG report audit and approval workflows, strict IT security, and comprehensive account management. Georeferenced emissions tracking to help organizations compare progress on reductions in various locations. Does your ESG reporting platform offer integrated sustainability reporting? BEST Inc. Publishes 2022 ESG Report, Driving Green Logistics through A "clean operations" version of SAP Product Footprint Management for small and midsize manufacturers and product design companies. It's much more efficient to use a system that's purpose-built for auditing, archiving, historical comparison, and benchmarking. It supports all of the major ESG reporting frameworks and can be used to manage ESG and sustainability initiatives as a whole, including social elements such as corporate social responsibility programs and community investments. These relationship aspects really matter. Automated data entry Data entry can be automated to reduce the risk of errors and increase efficiency. In addition, Diligent sells a board diversity software tool designed to help companies recruit a more inclusive board of directors, with additional features for benchmarking against other companies on board diversity and evaluating the board's performance. ESG (Environment, Social, and Governance) software is generally designed to help track and report environment, health, regulatory, social, and safety management initiatives. Much like other ESG software options in the space, Impact offers solutions for strategy and sustainability planning, materiality analysis, ESG rating, and environmental reporting and analytics. Its UL 360 reporting software helps companies collect, manage and report ESG and sustainability data and build an audit trail with automated tolerance checks and attachment uploads. In addition, Net Zero Cloud offers the following features: Founded in 2017, Sinai Technologies offers software to help companies monitor and analyze greenhouse gas emissions and calculate internal carbon prices to measure the financial impact of emissions and efforts to reduce them. We work with you to select the best-fit providers and tools, so you avoid the costly repercussions of a poor decision. If you're an organization mainly looking for a suite of tools that ease the data collecting and reporting tasks, then Diligent is a solution worth considering, However, for more complex tasks that go beyond the basics, it may take consideration of more robust management options. Given the nature of our work, we get asked questions like "what's the best ESG reporting software" a lot. The population of college towns tends to have attained a higher level of education than those in a typical U.S. city. Since then, it has developed a suite of tools for measuring greenhouse gas emissions, reporting on emissions and climate risks, and monitoring deforestation risks in supply chains. Another related capability to consider is sustainability reporting. ESG reporting software should also make it easy for you to share ESG insights with stakeholders. What are the costs and workflows for that type of solution? That helps companies keep data at the center of their decision-making processes. APIs built into IBM Environmental Intelligence Suite for accessing data sets on weather forecasts and historical weather events. Our industry-leading end-to-end solutions for ESG and EHS data reporting is designed to help businesses translate their ambitions into action, providing the tools you need to make tangible . Gartner Terms of Use How much customization and configuration do I need when it comes to areas like document management, tagging, approvals, and org environments? Make sure to understand which use case(s) and sector(s) an ESG reporting vendor serves through their website, case studies, client testimonials, and product roadmap. Its Diligent ESG software can be used to collect and aggregate data on scope 1, 2 and 3 greenhouse gas emissions for carbon accounting as part of corporate sustainability efforts. Benjamin Jury, Plenty, Optimizing Kubernetes Orchestration in Multicloud and Hybrid Cloud Environments. It offers carbon tracking and management software designed to help companies reduce their own emissions and collaborate with supply chain partners on reduction efforts. Learn More The Accelerate Platform is EHS & ESG done right. It offers features like KPI dashboards, customizable review workflows, survey tools, GHG reporting, compliance calendars, and even the ability to create annual corporate CSI reports. Benchmark Digital's roots in EHS technology and consulting gave it a leg up on compliance-side data capture and reporting. While some advertise an end-to-end approach to sustainability reporting, management, and analytics, each tool has its own unique strengths. ESG vs. CSR vs. sustainability: What's the difference? . Brightest's integrated, all-in-one ESG reporting platform. It now provides cloud-based software and associated consulting services to help companies identify, manage and mitigate ESG-related risks, as well as a separate product stewardship offering that can be used to improve the sustainability performance of an organization's products. If you're a small team thats looking for a solution that includes logic model building and automated calculations, this is a tool worth considering. Other features provided by Sweep include the following: Originally named Underwriters Laboratories, the venerable safety standards organization established in 1894, UL Solutions now also offers a portfolio of software products, including a set of ESG and sustainability tools. IFS Cloud Sustainability Hub is a Microsoft Teams application primarily focused on tracking greenhouse gas emissions and managing carbon footprints. Data entry can also be manual or semi-manual. Is IT involved in the evaluation process? Today, most companies have committed to improving their environment, social, and governance (ESG) performance and disclosures to meet growing demands from investors, regulators, and customers. On the climate accounting side, the software can be used to create a baseline greenhouse gas emissions inventory, benchmark carbon footprints across business operations and run analytics to identify optimal strategies for reducing emissions. Collaboration tools to help different teams meet ESG, sustainability and EHS goals. For this reason, it's worth taking a closer look at what each solution offers in the ESG space for organizations concerned with corporate governance and social responsibility. ESG software enables companies to compare their ESG results with those of other companies, identify opportunities for improvement, and manage overall ESG performance. The ESG reporting landscape is cluttered with a large number and variety of reporting frameworks. Net Zero Cloud has a broad set of capabilities that can help companies conduct ESG materiality assessments, calculate greenhouse gas emissions and manage sustainability data from partners and suppliers. The Benchmark Gensuite software also provides the following features: Diligent, which is primarily known as a vendor of governance, risk and compliance (GRC) software, acquired a company named Accuvio in 2021 to add sustainability and ESG reporting tools. Various frameworks are available, each with its own set of performance indicators and reporting requirements. Improved efficiency The best ESG reporting softwarehelps companies acquire, analyze and produce reports based on ESG metrics by streamlining the complex process of data collection and reporting. The software industry within the ESG sector is expected to reach $571.74 million by 2028. Software for investment-grade ESG reporting, science-based management, and audit-ready compliance. Join the worlds leading IT and business leaders to get an update on accelerating tech growth in a new era of transformation and technology trends. See how our customers succeed in their carbon journey with Persefoni. The platform is also designed for speed and ease of use. There's usually support for relevant ESG reporting frameworks, such as CDP, the GRI Standards, the SASB Standards and the TCFD recommendations from the Task Force on Climate-related Financial Disclosures. In addition, integration with the Tableau analytics platform can help organizations visualize climate-related data and expected decarbonization impacts and then share the data visualizations with investors, customers and other stakeholders. There are more than a dozen ESG reporting frameworks overall, each with its own metrics and reporting requirements. Raw data can be transformed into different formats using frameworks such as GRI, CDP and SASB. A timeline and history of ESG investing, rules and practices, ESG materiality assessments: What CIOs, others need to know. Gartner clients canlog into access the full library. Spreadsheets? Where does your organization fall in that vendor's overall priorities? How to write an RFP for a software purchase, with template. The following are some of the specific sustainability reporting features that Diligent ESG provides: Ecometrica was founded in 2008 to help businesses and governments calculate the climate impact of their operations. 2023-05-29 | NYSE:BEST | Press Release | BEST Inc - Stockhouse Companies can also use the software to model future emissions scenarios at the material, product and company level and create an action plan for reducing their emissions. Learn some ideas for how warehouse owners and operators can MRP II software gives companies much greater control over their scheduling and production processes than MRP software. Persefoni's CMAP is a good option for companies that need help navigating the complex world of carbon accounting standards and disclosures and would like to develop a deeper understanding of their emissions. companies via internet, mobile/telephone and email, for the purposes of sales, marketing and research. Adopting new software is only part of managing such initiatives. How much training, ongoing account support, and vendor guidance do you need? Analytics capabilities for evaluating emissions reduction progress and integrating generated insights into reduction strategies. Best ESG Reporting software - 2022 software benchmark This checklist can help teams evaluate vendors . Will that come from the ESG platform provider? Estimated Read Time: 5 minutes Share: You've probably heard the terms ESG and sustainability within a few sentences of each other and we wanted to shine a light on how this relates to your business. Users can also get deployment help from external sustainability experts who are available to advise customers through Persefoni. Stay ahead of the curve. The team should be knowledgeable in emissions management and reportingoften in real-time. Emerging Tech: Sustainability and ESG Software Providers - Gartner A central part of our mission and work here at Brightest is enabling better data-driven decision-making (and actions) that lead to a better future for us all. After years and decades of searching, researching, and testing, a solution for most planetary problems has been found: ESG sustainability reporting. VelocityEHS Named a Leader for Carbon Management Software The new Verdantix analysis calls out the strengths of the VelocityEHS ESG Solution, including its "powerful Carbon Calculation Engine" and Data Acquisition, Data Management, and Data Quality Control capabilities. Connect directly with peers to discuss common issues and initiatives and accelerate, validate and solidify your strategy. , whereby I agree (1) to provide Gartner with my personal information, and understand that information will be transferred outside of mainland China and processed by Gartner group companies and other legitimate processing parties and (2) to be contacted by Gartner group Access to more than 70,000 emissions factors across 120-plus countries. How organized is your data today? More commonly known as ESG rating agencies and data providers, these are vendors that assess the ESG performance of companies based on publicly available data, including reports submitted through the other types of frameworks.
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