: Top Picks for 2024
Looking for the best ESG software to streamline your sustainability reporting? Here's a quick rundown of the top options:
- Climatta - User-friendly for ESG newcomers
- Benchmark Gensuite - Great for global operations
- Diligent - Strong compliance features
- Workiva - Trusted by 6,000+ organizations
- Sphera - AI-powered carbon tracking
- Novisto - All-in-one sustainability management
- Proof - Processes 1.2 billion+ ESG data points
- Locus Technologies - Combines ESG and EHS compliance
- Impact by Mesa - Based on GRI and CDP standards
These tools help automate data collection, ensure compliance, and provide insights to improve your ESG performance. Your choice depends on company size, focus areas, and specific needs.
Quick Comparison:
| Software | Best For | Key Feature |
|---|---|---|
| Climatta | SMBs | Easy setup |
| Benchmark Gensuite | Global companies | 800+ ESG KPIs |
| Diligent | Compliance-focused | Regulations library |
| Workiva | Large enterprises | Data integrity |
| Sphera | Supply chain tracking | AI carbon footprint analysis |
| Novisto | Integration | Works with financial systems |
| Proof | Data-driven decisions | 1.2B+ data points |
| Locus Technologies | Customization | Fits your workflow |
| Impact by Mesa | Reporting standards | GRI and CDP aligned |
Remember: The right ESG software can transform sustainability reporting from a chore into a powerful tool for positive change.
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1. Climatta
Climatta is shaking up the ESG software world. It's like TurboTax and QuickBooks had a baby, but for ESG compliance. Let's dive in.
Data Management
Climatta's secret sauce? Automated data collection. No more mind-numbing manual data entry. This means fewer mistakes and more time for your sustainability team to do, well, actual sustainability work.
They've also got a central dashboard for all your ESG data. It's like a one-stop shop for all your sustainability metrics. No more digging through endless spreadsheets or playing email tag with different departments.
Integration Options
Climatta plays nice with others. It can hook up to your utility providers, so your energy data flows right into your ESG reports. Got smart building tech or IoT devices? Climatta can tap into those too.
The best part? No need to install any new hardware. Climatta works with what you've already got.
Compliance Features
With regulators breathing down everyone's neck, Climatta's compliance features are a big deal. They've got you covered for things like the SEC's climate rules and the EU's sustainability disclosure regs.
Here's how they tackle compliance:
1. Automated Reporting
Climatta spits out compliant reports based on your data. It's like having a robot lawyer (but less scary and more helpful).
2. Real-time Insights
The platform keeps an eye on your ESG performance 24/7. It's like having a sustainability crystal ball, helping you spot and fix issues before they become headaches.
Now, Climatta's not perfect. It's the new kid on the block, so it might not have all the industry-specific bells and whistles of the old-timers. But if you want to make your ESG reporting less of a pain, it's worth a look.
Pricing? They're keeping that close to the chest. They've got a Basic plan for data collection and a Pro plan with fancy analytics. You'll need to give them a call for a quote tailored to your needs.
In the wild world of ESG software, Climatta is the cool, user-friendly option that's all about making your life easier. As ESG reporting gets more complex (and let's face it, it will), tools like Climatta are going to become your new best friend.
2. Benchmark Gensuite
Benchmark Gensuite has been in the ESG software game for over 25 years. Let's take a closer look at what this platform offers.
Data Management
Benchmark Gensuite excels at data visibility, especially for companies with global operations. It's like having a GPS for your ESG data, no matter where your sites are.
The platform comes with a library of 800+ ESG KPIs aligned with various frameworks. You're not starting from zero - you've got a solid base to work from.
Rob, who works in Airlines/Aviation, says:
"Gensuite lets us see crucial EHS data from all our sites. It's user-friendly, which means our team actually uses it and reports accurate data."
Integration Options
Benchmark Gensuite plays nice with other systems. It can pull in operational data from multiple sources, making it easier to track your KPIs. This is key for companies juggling different data streams.
You can also implement the platform in stages. Remy from the Food & Beverages industry notes:
"You can get basic modules up and running in as little as three months! Benchmark ESG has everything you need for EHS and ESG management."
Compliance Features
When it comes to compliance, Benchmark Gensuite has your back. The platform supports global frameworks like CDP, GRI, SASB, TCFD, BRSR, and CSRD/ESRS.
If you're worried about the EU's Corporate Sustainability Reporting Directive (CSRD), Benchmark Gensuite offers tools to help you navigate this tricky area.
Herman Baker, a Global EHS & Sustainability Director, says:
"ESG isn't just a buzzword. It reduces investor risk and boosts value. It makes our company more resilient and helps us outperform competitors."
But keep in mind, some users find the platform's many features a bit overwhelming at first. There's a learning curve, but the payoff in comprehensive ESG management can be big.
In the ESG software world, Benchmark Gensuite is a heavy hitter. It's a good fit for global enterprises and mid-sized companies looking for a customizable solution that can grow with their ESG needs.
3. Diligent
Diligent is shaking up the ESG software world with its all-in-one platform for managing ESG data. Here's why Diligent is turning heads:
Data Management
Diligent's platform is like a digital Swiss Army knife for your sustainability data. It offers:
- A central data hub
- Automatic data collection
- Automatic KPI calculations
No more Excel nightmares. More time to actually improve your ESG game.
Brian Stafford, Diligent's CEO, doesn't mince words:
"Unless, and until, organizations can effectively bring together the disparate sources of critical ESG data, they can't effectively define, communicate, implement, track, report and assess better ESG practices, and net zero or any other commitment will remain just that."
Integration Options
Diligent plays nice with others. It pulls in data from various sources, giving you a bird's-eye view of your ESG performance. This is huge for companies juggling data from different departments or locations.
One cool feature? Diligent Governance Intel. It's like having a team of researchers working 24/7 to keep you in the loop on ESG trends, regulations, and what stakeholders are saying.
Compliance Features
When it comes to compliance, Diligent's got your back. The platform offers:
- A library of standards and regulatory obligations
- Built-in solutions for internal audit and risk management
- Tools to help boards spot ESG-related risks and opportunities
This is big, given the growing spotlight on ESG reporting. Diligent's 2023 What Directors Think report found that almost one-third (32%) of respondents saw more engagement with shareholders on ESG issues in the past 3 years.
Diligent's ESG solutions help you turn standards into measurable actions, check your risk controls, and see how you're doing on your ESG promises. It's like a GPS for your sustainability journey.
While Diligent keeps its pricing under wraps, it offers solutions for businesses at different stages of ESG maturity. Whether you're just starting out or looking to level up your ESG reporting, Diligent's platform is worth a look.
In the crowded ESG software market, Diligent stands out with its comprehensive data management, integration skills, and solid compliance features. It's a strong contender for organizations wanting to streamline their ESG reporting and make real sustainability progress.
4. Workiva
Workiva's unified platform is shaking up the ESG software world. Nearly 6,000 organizations trust it. Here's why:
Data Management
Workiva's data management is like a digital Swiss Army knife for ESG:
- A central data repository ends data silos
- Automatic data collection cuts down spreadsheet wrangling
- Real-time capabilities keep your data fresh
But here's the kicker: Workiva includes version control and an audit trail. It's like a time machine for your data. You can see who changed what and when. This is huge for data integrity and keeping auditors happy.
Integration Options
Workiva plays nice with others:
- API syncing for seamless ESG data integration
- Cross-team collaboration in one secure spot
The coolest feature? Data linking across documents, spreadsheets, and presentations. Update a number once, it updates everywhere. It's like data consistency magic.
Compliance Features
Workiva's got your compliance covered:
- Pre-built templates for ESG frameworks
- Audit-ready reports with streamlined external assurance
- SEC-ready XBRL® format for investors and the board
The best part? Workiva adapts quickly to changing ESG regulations. In this fast-paced ESG world, that's gold.
Now, let's talk results. Companies using Workiva have seen:
- 204% ROI
- $2.9 million saved by cutting redundant controls and testing time
- 40% less audit time (from 200 to 120 hours)
- 65% faster ESG report production (from 700 to under 350 hours by year 3)
These aren't just numbers. They're game-changers for ESG reporting.
But Workiva isn't all about stats. It's about making ESG reporting easier. A user from the travel industry said:
"Overall, we have loved using Workiva. It has made our manual processes more efficient and with automatic reminders on certain items, eases the administration of my team."
Workiva also supports over 40 languages. That's crucial for global companies dealing with international ESG standards.
In the crowded ESG software field, Workiva stands out. It's not just about ticking boxes. It's about transforming how companies handle ESG reporting and management.
5. Sphera
Sphera isn't just another ESG software provider. It's a powerhouse that offers a full suite of tools to take your ESG efforts to the next level. Let's break down what makes Sphera special.
Data Management
Sphera's data management is like having a supercomputer for your ESG:
- It automatically collects ESG data, cutting out manual entry
- You get real-time ESG metrics with SpheraCloud Operational ESG
- Its calculation engine ensures your ESG numbers are spot-on across your org
The SpheraCloud Corporate Sustainability–Portfolio Management tool is where things get really interesting. It uses AI to help you measure and manage your carbon footprint. It's like having a crystal ball for climate risks.
Integration Options
Sphera plays nice with other systems:
- It taps into a massive data lake with over 15,000 ESG factors
- With recent acquisitions, it now offers full visibility across your supply chain
The Supply Chain Transparency product line is a standout. It combines sustainability and risk management into one platform. As Paul Marushka, Sphera's CEO, puts it:
"Supply chains have been facing unprecedented volatility with network disruptions resulting from extreme weather events, economic trends, cyber incidents and ESG-related risks."
Compliance Features
Sphera's got your back when it comes to compliance:
- It generates audit-proof reports
- It has 13,000 rules to help you stay compliant across different jurisdictions
- Its Environmental Accounting module helps you track emissions, water use, and waste
Sphera isn't just about ticking boxes. It's about using ESG to boost your performance and cut your environmental impact. Eric Morris from Sphera explains:
"As businesses face increasing pressure from regulators and other stakeholders, they need to pivot from thinking about ESG and sustainability reporting merely as a compliance exercise and work toward proactively maximizing asset performance and reducing their Scope 1 environmental impact."
Sphera's hard work hasn't gone unnoticed. It snagged two Top Product of the Year awards in the 2023 Environment + Energy Leader Awards. One judge said:
"The Sphera ESG software is an industry leader in the field and is extremely flexible across environmental, social and governance."
With over a million users in 80 countries, Sphera has proven it's a big deal in the ESG software world. If you're looking to step up your ESG game, Sphera's combo of real-time data and risk management makes it worth a look.
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6. Novisto
Novisto is making waves in the ESG software world with its all-in-one sustainability management platform. Here's why Novisto is turning heads in the ESG software market:
Data Management
Novisto's data management is like a sustainability Swiss Army knife:
- It automates ESG data collection
- Creates a central, secure system for all data types
- Serves as the go-to source for ESG data
One user put it simply:
"It replaces data scattered across emails, slacks, spreadsheets, and documents."
No more ESG data silos. Just one place for everything.
Integration Options
Novisto plays nice with other tools:
- It connects ESG data with existing financial systems
- Works with Workday Adaptive Planning and Microsoft Office Suite
These aren't just fancy add-ons. They're changing how companies handle ESG data. By linking Novisto with current systems, companies cut down on time and mistakes in ESG reporting.
Compliance Features
In the wild world of ESG regulations, Novisto's got your back:
- Automates ESG report prep
- Uses smart analytics to spot potential legal risks
- Keeps legal teams in the loop
A happy user shared:
"A side benefit of working with the Novisto platform has been not just the ability to update our reporting - and automate that reporting - but to also assist us with other tasks that generally take a long time to complete, such as the CDP questionnaire."
Novisto isn't just about checking boxes. It's about giving you tools to push real sustainability efforts. The platform's AI smarts help you find ways to improve and track your progress.
Novisto might be new to the ESG software game, but it's making a splash. As one user said:
"The Novisto team has developed a very useful tool in just a few short years, and really has the pulse of ESG space."
In a world where ESG reporting is getting more complex by the day, Novisto is a breath of fresh air. Its easy-to-use interface, strong integrations, and solid compliance features make it a top pick in the ESG software market. If you want to streamline your ESG work and make a real impact, Novisto deserves a closer look.
7. Proof
Proof is shaking up the ESG software market. Here's why it's turning heads:
Data Management
Proof doesn't mess around with data:
- It crunches over 1.2 billion ESG and impact data points
- Uses a seven-step filtering process (Impact Catalyst®) to keep data clean
- Collects and analyzes impact data in real-time
But it's not just about big numbers. It's about making those numbers work for you. Tom Dretler, CEO & Co-Founder of Shorelight, puts it this way:
"We have the opportunity to better understand this social impact and make an even bigger difference. Like everything, what gets measured is what gets done. This is why we've brought in [Proof] to help us collect, verify, and analyze our real-time impact data..."
Integration Options
Proof doesn't just play nice with your systems - it becomes part of them:
- Flexible reporting dashboards that bend to your needs
- Aligns ESG reporting with your business goals
- Gives you a personalized roadmap to hit your targets
It's not about ticking boxes. It's about weaving sustainability into your company's DNA. Sarah Fox, VP of Sustainability at Vestaron, explains:
"By the time we go public, I want us to be making bold commitments. These are our goals, this is how we've been tracking it, and this is our progress to date... [The Proof] platform... will allow us to be ahead of the game as we start moving down the path towards going public."
Compliance Features
Proof doesn't just help you follow the rules - it helps you set new ones:
- Offers over 5,000 impact assessments
- Provides guidance and materials for your sustainability journey
- Uses blockchain to boost transparency and ESG performance
But Proof isn't just about playing by the book. It's about using those rules to drive real change. Alex Altman, Co-Founder & COO at Seal, shares their experience:
"As we take on more customers, we will inevitably store more data in our data centers. This increased storage will naturally increase our electricity consumption; however, we hope to use the Proof dashboard to track increases and explore areas where we can reduce our emissions and consumption."
Proof stands out in the crowded ESG software market by offering more than just fancy tools. It's a complete platform that helps businesses get a grip on their sustainability efforts, make them better, and shout about them from the rooftops. With its focus on real-time data, personalized roadmaps, and blockchain-powered transparency, Proof is turning ESG reporting from a boring chore into a powerful tool for positive change.
8. Locus Technologies
Locus Technologies is shaking things up in the ESG software world. Here's why they're turning heads:
Data Management
Locus Technologies doesn't mess around when it comes to data:
- They crunch over 1.2 billion ESG and impact data points
- Use a seven-step filtering process (Impact Catalyst®) to keep data clean
- Collect and analyze impact data in real-time
But here's the cool part: Locus automatically checks and validates data. It's like having a digital guard dog that barks when something's off. For instance, it'll catch if you've got multiple names for the same well or if your CO2 calculations are wonky.
"Everyone knows, 'garbage in, garbage out,' so Locus verifies and validates data automatically."
So you're not just gathering data - you're gathering data you can trust.
Integration Options
Locus Technologies doesn't just play well with others - it becomes part of the family:
- It's got tons of purpose-built apps for different needs
- Teams up with Microsoft Power BI and Salesforce Tableau for better data visuals
- Links ESG data with your existing money systems
But here's the kicker: you can create new functions within Locus to match your workflow. It's like having an ESG solution that grows with you.
Compliance Features
In the wild world of ESG rules, Locus Technologies has your back:
- It handles all sorts of data - air, water, soil, energy, emissions, waste, site, and incident
- Offers ESG auditing to check engagement, communication, and training
- Gives you compliance calendars and task management with automatic nudges
But Locus isn't just about following rules. It's about using those rules to make real changes. The platform has GIS maps and data visuals to help you make smart choices based on your ESG data.
Locus Technologies stands out by offering more than just fancy tools. It's a full-on platform that helps businesses get a handle on their sustainability efforts, improve them, and show their progress. With its focus on solid data, customization, and thorough compliance features, Locus Technologies is turning ESG reporting from a boring task into a powerful tool for positive change.
9. Impact by Mesa
Impact by Mesa is shaking up the ESG software world. Here's why it's turning heads:
Data Management
Impact by Mesa doesn't just collect data. It turns it into gold:
- It crunches over 1.2 billion ESG data points. That's a lot of numbers.
- Its HSE app uses smart analysis to help you cut your environmental impact.
- It uses a seven-step filter (Impact Catalyst®) to keep your data clean.
This isn't just about having data. It's about making that data work for you. Don't take our word for it. Here's what a Brembo user said:
"MESA Impact helped us set up an ESG data collection workflow for GRI reporting across our global operations."
Integration Options
Impact by Mesa plays nice with your other tools:
- It works with Microsoft tech like Azure, Teams, and Power BI.
- It offers a low-code solution for team report writing.
- You can customize its reporting dashboards to fit your needs.
This isn't just convenient. It's a game-changer. By linking ESG data with your existing systems, you can slash the time and errors in ESG reporting.
Compliance Features
ESG rules keep changing. Impact by Mesa keeps you covered:
- It's based on GRI and CDP standards. That's the global gold standard.
- It has apps for SDGs strategy, stakeholder engagement, and climate disclosures.
- It gives you compliance calendars and task management with auto-reminders.
But it's not just about ticking boxes. Impact's ESG Scoring helps you spot where you can do better, turning compliance into a business boost.
Impact by Mesa's all-in-one approach to ESG management is turning heads. It was the only Italian software in the Verdantix report on ESG Reporting And Data Management Software, picked from over 450 solutions.
As ESG reporting pressure grows, tools like Impact by Mesa are becoming must-haves. By blending solid data management, smooth integration, and thorough compliance features, Impact is helping businesses turn ESG reporting from a chore into a powerful tool for positive change.
Strengths and Limitations
Let's dive into the pros and cons of top ESG software solutions. Each platform has its own flavor, so let's break it down:
Climatta
Pros:
- Automates data collection for ESG compliance
- One-stop-shop dashboard for ESG data
- Quick setup, no hardware needed
Cons:
- New kid on the block, might lack some industry-specific features
- No public pricing - you'll need to reach out for a quote
Benchmark Gensuite
Pros:
- Great for seeing global operations data
- Huge library of 800+ ESG KPIs
- Tailored implementation process
Cons:
- Can be tricky to learn at first
- So many features it might make your head spin
Diligent
Pros:
- Handles data like a pro - automatic collection and KPI calculations
- Plays nice with various data sources
- Compliance features galore, including standards and regulations library
Cons:
- No clear pricing - might be tough for budgeting
- Could take a while to get up to speed with all the features
Workiva
Pros:
- One platform that nearly 6,000 organizations trust
- Keeps your data honest with version control and audit trails
- Users report 204% ROI and major time savings
Cons:
- Might need a training boot camp to use it effectively
- So much info it could make your eyes cross
Sphera
Pros:
- AI-powered carbon footprint tracking
- Massive data lake with 15,000+ ESG factors
- Shines a light on your supply chain
Cons:
- Might be overkill for some organizations
- Could be pricey due to its enterprise-level features
Novisto
Pros:
- All-in-one sustainability management
- Plays well with financial systems like Workday Adaptive Planning
- AI-powered insights for improvement
Cons:
- Newer platform, so less of a track record
- Might not have all the bells and whistles of bigger competitors
Proof
Pros:
- Crunches over 1.2 billion ESG and impact data points
- Uses blockchain for transparency and performance
- Offers custom roadmaps to hit ESG targets
Cons:
- Might be too much for smaller organizations
- Blockchain tech could be unfamiliar territory for some
Locus Technologies
Pros:
- Combines ESG reporting with EHS compliance
- Auto data validation for quality assurance
- Customizable to fit your workflow
Cons:
- Extensive customization might mean a longer setup time
- Could have a steeper learning curve for ESG newbies
When picking an ESG software solution, think about what your organization really needs, what resources you have, and your long-term sustainability goals. As Boris Khazin from EPAM Systems puts it:
"Establishing an accurate automated ESG reporting system isn't merely a helpful tool - it's become a necessity and a requirement."
So, choose a solution that not only fits your current needs but can also roll with the punches as ESG reporting and compliance evolve.
Final Thoughts
Picking the right ESG software can make or break your sustainability efforts. But with tons of options, it's not easy. Let's break it down by company size and needs:
For Small and Medium-sized Businesses (SMBs):
Climatta is a solid pick for SMBs new to ESG. It's user-friendly and doesn't require expert knowledge. Its automated data collection and central dashboard make ESG reporting a breeze.
Novisto is another great option. It plays well with existing financial systems and uses AI to spot improvement areas without needing a team of analysts.
For Large Enterprises:
Workiva is a big player, trusted by nearly 6,000 organizations. It's perfect for large companies juggling complex ESG data across departments and regions.
Sphera shines for big companies with global supply chains. Its AI-powered carbon footprint tracking and massive ESG data lake can handle tough sustainability challenges.
For Compliance-Focused Companies:
Diligent is your go-to if ESG regulations keep you up at night. Its comprehensive compliance features, including a standards and regulations library, help navigate the changing ESG reporting landscape.
For Data-Driven Decision Makers:
Proof stands out for companies wanting to turn ESG data into action. It processes over 1.2 billion ESG and impact data points, giving a clear picture of your sustainability performance.
The ESG software market is booming, expected to hit $571.74 million by 2028. New regulations and increased stakeholder scrutiny are driving this growth, making ESG software a must-have for many businesses.
Boris Khazin from EPAM Systems says:
"Establishing an accurate automated ESG reporting system isn't merely a helpful tool - it's become a necessity and a requirement."
When choosing, think about data processing power, integration with your current systems, and support levels. And don't forget to plan for the future – your ESG needs will likely grow, so pick a solution that can grow with you.
FAQs
What is the best ESG software?
There's no single "best" ESG software. It depends on your needs. Here are some top options for 2024:
- Persefoni: Strong in carbon accounting
- Workday: Great for tracking social impact
- Watershed: Solid for enterprise sustainability
- Position Green: Good all-in-one ESG reporting
- AuditBoard: Excels in ESG compliance and risk management
Your choice depends on your focus. If you're all about carbon, Persefoni might be your pick. More interested in social impact? Workday could be your best bet.
What does ESG software do?
ESG software is a multi-tool for sustainability. It typically:
1. Collects data: Gathers environmental, social, and governance info across your company.
2. Creates reports: Helps you make standardized reports for stakeholders and regulators.
3. Provides insights: Gives you data to boost your sustainability game.
4. Keeps you compliant: Helps you stay on top of changing ESG rules.
5. Manages risk: Spots and helps you tackle ESG-related risks.
As ESG expert Amelia Rose says:
"Using advanced ESG reporting software is key for companies looking to up their sustainability game while staying efficient."
