New Delhi [India]: With ESG reporting becoming an essential business practice, ESG compliance and sustainability reporting solutions are increasingly becoming popular. At its core, ESG (Environmental, Social and Governance) discloses environmental, social and corporate governance data. Its purpose is to shed light on a company’s sustainable activities, improve investor transparency and make better environmental and social impacts.
These ESG activities ultimately lead to a positive effect on society and the environment while also leading to better changes for future generations. If we talk about sustainability software, it is quickly becoming a must-have for all organizations. Businesses are increasingly looking to adopt tools such to streamline their sustainability management and ESG reporting processes.
As a sustainability leader, you must be aware of what tools and software are ideal for the specific needs of your organization. This way, you can effectively use these tools to achieve your sustainability goals. However, if you are unsure where to start, we have compiled a list of the top 10 sustainability reporting and ESG compliance software below.
1. 4Scope by 4Seer
In today’s competitive business environment, embracing sustainability isn’t just about doing good–it’s about thriving. 4Seer leads the charge with innovative solutions designed to empower businesses to navigate sustainability challenges effectively. Enter 4Scope: a cutting-edge ESG Reporting & Compliance software that sets a new standard in sustainability management.
At its essence, 4Scope enables organizations to seamlessly align with leading frameworks like GRI, SASB, IFRS, etc. ensuring robust compliance with ESG reporting requirements. But it doesn’t stop there. This powerful platform fosters stakeholder collaboration, facilitates the measurement and monitoring of ESG metrics (Net Zero Goals, Social Consciousness, Organisational Governance) and simplifies the generation of consolidated ESG reports–all in one intuitive interface.
Yet, the true value of 4Scope lies in its ability to drive actionable insights. By providing clear, user-friendly views and enabling tracking of sustainability progress, it equips businesses with the tools they need to prioritize initiatives effectively and make informed decisions. In essence, 4Scope isn’t just a software solution–it’s a catalyst for sustainable success in today’s business landscape.
Website: https://www.4seertechnologies.com/
Head Office: Rajesh Chambers, Brunton Road, Craig Park Layout, Ashok Nagar, Bengaluru, Karnataka, India- 560025
Contact Number: +91-8075549575
Email: info@4seer.cloud
2. Workiva
Workiva is a cloud platform or ESG-oriented software designed to provide collaboration, data integration and an audit trail. Moreover, it integrates many functionalities like automated KPI calculations, a central data repository and version control.
The software also supports alignment with reporting frameworks such as SASB, GRI and CDP. This is how it mitigates risks and enhances productivity. Workiva is the best corporate ESG reporting software for accounting, sustainability, finance and risk professionals as it helps save time by eliminating manual tie-outs.
Website: https://www.workiva.com/en-in/
Head Office: Ames, Lowa, United States
3. Diligent
Diligent, a global leader in providing SaaS solutions across ESG areas in risks and compliance, provides businesses with the technology tools and a robust platform to make them more equitable and sustainable.
The platform serves businesses of all sizes and provides customized solutions for diverse business structures and requirements. Diligent is the ideal ESG materiality assessment software for a wide range of industries focused on EGG improvement, like managing and reporting on their ESG commitments and performance.
Website: https://www.diligent.com/
Head Office: 4th Floor, Tower A, Mantri Commercio, Sarjapura Outer Ring Road, Bangalore 560103
Contact Number: 000-800-100-4374
Email: info@diligent.com
4. SustainIQ
SustainIQ provides one central solution for sustainability and ESG reporting. The company uses one dashboard and allows businesses to analyze their sustainability performance in real-time.
It enables organizations to collect, monitor and quickly analyze ESG data. Moreover, the software simplifies ESG reporting and tracks various metrics, which ultimately helps businesses make more informed and ethical decisions. In short, SustainIQ is one of the best sustainability reporting tools for businesses aiming for a positive impact.
Website: https://sustainiq.com/
Head Office: 55, Enterprise House, 59 Adelaide St, Belfast BT2 8FE, United Kingdom
Contact Number: 028 9544 2246
Email: hello@sustainiq.com
5. MSCI
MSCI has 50+ years of expertise in research, data and technology. It provides support tools and services for the global investment community. The ESG strategy company analyzes and researches the solutions clients can use to improve insight and transparency across the investment process.
In other words, MSCI supports its clients to help them achieve net-zero goals and continuously measure and report on climate change. It is the best software for asset managers, asset owners, hedge funds, wealth managers and banks.
Website: https://www.msci.com/
Head Office: 12th Floor, Nesco IT building No. 3, Nesco IT Park, Nesco Complex, Goregaon (East), Mumbai 400063, India
Contact Number: +852 2844 9333
6. NAVEX
As a global provider of integrated risk and compliance management services and software, Navex offers automated products to help businesses take the first step in integrating ESG into their ethos.
Simply put, the company helps organizations manage risk, solve complex regulatory compliance requirements and promote an ethical and highly productive workplace culture. This budget-friendly ESG reporting software with an intuitive interface also allows clients to calculate greenhouse gas emissions to see if they follow international protocols.
Website: https://www.navex.com/en-us/
Head Office: WeWork Vaishnavi Signature Space #125, No. 78/9, Outer Ring Road, Bellandur Village Varthur Hobli, Bengaluru, Karnataka 560103
Contact Number: 1-866-297-0224
7. Novata
The comprehensive sustainability reporting software by Novata makes it easier for businesses to navigate the ESG landscape by identifying a clear starting point for choosing the metrics that matter, streamlining the data collection process and inspecting data to drive reporting and action.
The platform not only simplifies reporting but also supports corporate responsibility. In addition, the tool’s balanced approach to sustainability makes it a good option for private companies like private equity, private credit and venture capital firms looking to integrate ESG into their strategies.
Website: https://www.novata.com/
Head Office: 915 Broadway 11th Floor New York, NY 10010
Contact Number: 212 506 6289
8. IBM Envizi ESG Suite
The IBM Environmental Intelligence Suite is a legacy software that focuses on data management. This SaaS software consolidates enterprise ESG data for analysis and reporting. It collects, manages and derives insights from ESG sustainability data.
This software is best for organizations seeking a single platform to fast-track their sustainability journey using data. In short, IBM Envizi is a user-friendly software with easily customizable dashboards that automates the collection and consolidation of over 500 data types to support major ESG reporting frameworks.
Website: https://www.ibm.com/in-en
Head Office: No. 12, Subramanya Arcade, Bannerghatta Main Road, Bengaluru, India- 560 029
9. Benchmark ESG
Benchmark ESG is a renowned ESG compliance tool that focuses on benchmarking and alignment with global ESG standards. The software enables companies to assess their ESG performance against benchmarks, thus ensuring compliance with standards and increased sustainability competitiveness.
Besides this, the platform also helps in strategic planning for ESG enhancement by identifying areas of improvement. This is how Benchmark ESG promotes a culture of ongoing development.
Website: https://benchmarkgensuite.in/
Head Office: 22, Sankey Rd, Abshot Layout, Seshadripuram, Bengaluru, Karnataka 560051
Contact Number: 05137 741 000
10. Greenly
Climate tech by Greenly enables organizations of all sizes and sectors to contribute to the fight against global warming. This ESG reporting platform aims to do so starting with a simple measurement of their CO2 emissions in real time.
It is best for CEOs, ESG & CSR Managers, Marketing Leaders, Purchasing Managers and Human Resources looking to measure and reduce CO2 emissions and contribute to climate projects with personalized dashboards.
Website: https://greenly.earth/en-gb
Head Office: 30 Stamford St, London SE1 9LX, United Kingdom
Contact Number: +44 7883 282293
Email: Contact@greenly.earth
Conclusion
Choosing the right ESG compliance software can make a huge difference for your business. Remember, the best ESG software is not the one offering a wide range of features. Instead, it is the one that perfectly aligns with your needs and goals. So, now that you know how to make the right decision, here is to making ESG reporting easier and more effective!
Diligent MSCI NAVEX SustainIQ Workiva
Last modified: July 3, 2024
