Published 1 Sep 2023

Top 6 ESG Software of 2023

five employees volunteering on an environmental cause as part of the company's ESG efforts listed on an ESG software

What is ESG Software?

Environmental, social, and governance or ESG software is a comprehensive digital tool that tracks, measures, and reports an organization’s environmental and social impact. The platform incorporates numerous applications for identifying areas of improvement in operations, setting goals for the future, and monitoring actions that support sustainability. With the software, organizations can uphold their corporate social responsibility and be viewed as trustworthy partners by their consumers.

Importance

The concept of corporate responsibility towards the environment and society has existed for quite a while. Admittedly, not all organizations paid attention to it because it was a challenge to set up and monitor. Today, ESG is the new normal, and the public expects this from companies. Using a digital solution is a must-do.

  • Assists in planning – Companies who want to initiate an ESG program should know where they stand based on the criteria set by the ISSB (International Sustainability Standards Board). The platform helps as it tracks and measures their current environmental, social, and governance performance, helping them identify areas where they can improve.
  • Sets realistic, actionable targets – One of the biggest challenges when working towards corporate sustainability is that there always seem to be numerous problems to address. With robust analytics, companies can prioritize and carefully set targets, focusing their efforts on what’s on top of the list and assigning specific and doable tasks. This can help motivate employees and drive continuous improvement.
  • Manages risks effectively – With features like unified dashboards, collaborative tools, and mobile accessibility, identifying and managing sustainability risks is much easier. Issues can be raised as soon as they are flagged, and managers can assign actions to relevant personnel in the next minute with just a tap on the phone.
  • Completes reporting tasks – Investors, regulators, and other stakeholders are increasingly demanding transparency and accountability from companies on ESG issues. The software allows companies to collect, organize, and report ESG data, making it easier to comply with reporting requirements and demonstrate their commitment to responsible business practices.
  • Enhances reputation and brand value – It’s hard to tell the story of a company’s sustainability goals and successful actions without concrete data and evidence to back it up. As aforementioned, consumers are now more aware of ESG standards and admit that this influences their buying decisions. Organizations that show a strong commitment to sustainability are more in demand than those falling behind their goals.

Key Features

From reducing carbon footprint to upholding good labor practices, the ESG framework requires companies to take numerous factors and standards into consideration. When reviewing different digital solutions, make sure it has the essentials:

Choosing the Right ESG Software

All platforms enumerated above will prove to be an asset to your company. Before you make your final decision, check out the summary below:

ESG Software Free Version Paid Plan Mobile App
SafetyCulture Yes $24/user/month* Yes
NAVEX ESG No Contact for pricing Yes
Conservice ESG No Contact for pricing No
Ecometrica No Contact for pricing No
Convene ESG No Not indicated No
AuditBoard No Not indicated No

* billed annually

Eunice

SafetyCulture staff writer

Eunice Arcilla Caburao

Eunice is a content contributor for SafetyCulture. A registered nurse, theater stage manager, Ultimate Frisbee athlete, and mother, Eunice has written a multitude of topics for over a decade now.

Eunice is a content contributor for SafetyCulture. A registered nurse, theater stage manager, Ultimate Frisbee athlete, and mother, Eunice has written a multitude of topics for over a decade now.