Renewed Focus on Data-driven ESG Factors Likely Post COVID-19 Pandemic
In the aftermath of the COVID-19 pandemic, investors are anticipated to consider ESG (Environmental, Social, and Governance) factors in an attempt to plug the gaps created by the pandemic. Such findings are expected to translate into future revenue opportunities for companies in the investor ESG software market during the forecast period. Small, medium, and large enterprises are taking into consideration the social element of ESG, while the green bond market will continue to grow, as climate change is at the forefront for many organizations.
The investor ESG software market is predicted to undergo a significant change with the emergence of new technologies, approaches, and players with renewed focus on ESG integration driven by data.
Sustainability Data, Analytics Platforms Help Improve ESG Reporting
The global investor ESG software market is projected to expand at a CAGR of 15.8% during the forecast period. However, organizations need to address data challenges of ESG reporting. As industries are marching toward decarburization, there is a growing emphasis on high quality, verifiable, and consistent data to demonstrate progress. This is being achieved with the help of data analytics platforms that improve ESG reporting and performance.
Software developers are designing sustainability data and analytics platforms that comply with audit and assurance requirements. End users are adopting software platforms that support a data structure, which allows the user’s organization to generate accurate greenhouse gas (GHG) inventories and reflect the latest decisions on emission boundaries.
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Robust Investor ESG Software Allow Calculations According to GHGP
There is a growing demand for software that provide comparable KPIs (Key Performance Indicators), full ecological footprint, and international compliance. Normative – a startup that allows companies automate their carbon reporting is publicizing its investor ESG software that tracks ESG performance of companies over time.
An increasing number of asset owners have ESG strategies in place. Investment managers are expected to follow suit. This explains why the investor ESG software market is expected to cross US$ 2.54 Bn by 2031. Companies in the investor ESG software market are providing platforms that allow calculations as per the Greenhouse Gas Protocol (GHGP). These software are capable of calculating direct emissions generated by an enterprise.
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Reporting Platforms Assist in Visualizing ESG Impact on Investor Holdings
The transformation in the asset management industry from a product business to a service business is translating into value-grab opportunities for stakeholders in the investor ESG software market. Open Invest – a digital advice fintech focused on impact investing has announced the launch of their ESG reporting software designed for independent advisors to deliver reports that visualize the ESG impact on an investor’s holdings.
Companies in the investor ESG software market are developing reporting platforms that help advisors to show investors their investments translate into a number of trees planted or an amount of carbon not emitted into the atmosphere. Investors will have an easier time investing in companies that meet expectations in areas of gender equality, LGBTQ right, and ethical supply chains.
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