Investor environmental, social, and governance (ESG) software is used by organizations for customizing questionnaires and data collection methods, which helps in aggregating accurate and comparable ESG performance data. Investor ESG software is a software-as-a-service platform that optimizes ESG programs to achieve better business values and screen investments. ESG investing, also known as sustainable investing, involves determining fields that together define a responsible, sustainable, or ethical investment, and the ESG software is used by investors as well as by capital market companies to evaluate corporate behavior, which helps them predict the future financial performances of corporate players. Various enterprises deploy these software platforms to prevent or mitigate the risks associated with their business relationships, operations, assets, and investments. Moreover, the ESG software platforms also assist in investment analyses, thereby facilitating better decision-making related to investments.
REFINITIV, ENABLON (WOLTERS KLUWER N.V.), FACTSET RESEARCH SYSTEMS INC., GOBY, AND GREENSTONE+ LTD: – PROMINENT MARKET PARTICIPANTS IN THE GLOBAL INVESTOR ESG SOFTWARE MARKET
Factors such as government initiative to promote ESG investments and benefits of ESG software are driving the growth of the investor ESG software market. Furthermore, the increasing adoption of these software worldwide and concerns regarding climatic impact are creating lucrative opportunities for the growth of the investor ESG software market players. However, the low awareness about ESG software restrains the market growth.
Investors want to know about the environmental, social, and governance (ESG) challenges and opportunities faced by businesses. This involves determining the effect of ESG influences on a company’s long-term business model as well as the company’s ability to adjust to ESG changes. These factors will reshape competitive advantages over time, affecting the long-term viability of business growth and shareholder value formation.
The COVID-19 pandemic has shaken several industries. The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicles and human’s movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has affected economies and countless industries in various countries. The lockdown imposition has resulted in lesser production of commodities, goods, and services. Manufacturing, automotive, semiconductor & electronics, oil & gas, mining, aviation, and other industries have witnessed a decline in their operations due to the temporary shutdown of activities. Governments of several countries across the world have imposed lockdowns to curb the spread of the disease. Hence, enterprises are adopting investor ESG software for extracting sustainable investment profiles of customers during the pandemic outbreak. Investor ESG software was extensively used by organizations across both developed and developing countries during the pandemic outbreak, to accelerate sustainable & responsible growth, and mitigate enterprise risk. This in turn is expected to enhance the growth of the investor ESG software market during the COVID-19 outbreak.
The top five companies in the market are Refinitiv, Enablon (Wolters Kluwer N.V.), FactSet Research Systems Inc., Goby, and Greenstone+ Ltd. The above listing of key players is derived by considering multiple factors such as overall revenue, current well-completion equipment and services portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. A few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Region |
| 2022 | Collibra is a Snowflake Elite-tier Partner and a participant in the organization’s just-launched Data Governance Accelerated Program. This is a new initiative, which highlights a select group of best-of-breed partners which have built integrated governance solutions with Snowflake to benefit customers. | North America |
| 2022 | Clarity AI Partners With BlackRock’s eFront on ESG Analytics for Private Investors, To fulfil the rising demand for ESG data and analysis from the alternative finance industry, sustainability technology provider Clarity AI has planned to offer analytics to private equity investors. | Global |
