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ESG Reporting Software Market worth $4.48 billion by 2031 – Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 30, 2026 /PRNewswire/ — According to MarketsandMarkets™, the global ESG Reporting Software Market size is anticipated to reach USD 1.83 billion in 2026 and USD 4.48 billion by 2031, exhibiting a CAGR of 19.6%.

Browse 250 market data Tables and 150 Figures spread through 300 Pages and in-depth TOC on ‘ESG Reporting Software Market– Global Forecast to 2031’

ESG Reporting Software Market Size & Forecast:

Market Size Available for Years: 2021–20312025 Market Size: USD 1.50 billion2026 Market Size: USD 1.83 billion2031 Projected Market Size: USD 4.48 billionCAGR (2026–2031): 19.6%

ESG Reporting Software Market Trends & Insights:

As enterprises move from periodic sustainability disclosures to integrated ESG performance management. Demand is increasingly shaped by the need to consolidate emissions, workforce diversity, occupational safety, energy consumption, and governance data from finance, HR, procurement, and operational systems.By offering, the software segment is likely to capture a 66.4% market share in 2026.By deployment mode, the cloud segment is expected to grow at the fastest rate between 2026 and 2031.By organization size, the large-sized enterprises segment is projected to hold the largest market share in 2026.By region, North America is expected to hold a market share of 41.7% in 2026.

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ESG reporting software has transformed how organizations collect, validate, and disclose environmental, social, and governance data by embedding capabilities such as AI-driven data extraction, automated emissions calculation, and disclosure templates aligned to major reporting frameworks into enterprise reporting programs. These innovations enable reporting teams to consolidate data from operational and financial systems, reduce manual effort, and maintain audit trails across disclosures. By integrating machine learning models, workflow automation, and framework mapping, ESG reporting platforms deliver continuous visibility into reporting readiness and performance against targets, ensuring greater data integrity and consistent disclosures. Enterprises benefit from improved reporting accuracy, lower compliance overhead, and more effective resource allocation, especially in regulated sectors such as banking, financial services, and insurance (BFSI) and manufacturing. Unifying environmental, social, and governance data across a single platform provides a clearer picture of organizational performance, strengthening decision-making and aligning sustainability strategy with broader financial and risk objectives. Such an approach empowers organizations to meet disclosure obligations, respond to investor and stakeholder expectations, and maintain credibility by ensuring every disclosure is supported by traceable data from collection through assurance.

Social ESG reporting software segment to register highest CAGR between 2026 and 2031

By software type, the social ESG reporting software segment is expected to be the fastest-growing in the ESG Reporting Software Market during the forecast period. As organizations face growing pressure to disclose workforce, health and safety, and value chain worker information with the same rigor applied to emissions data, the demand for social ESG reporting software is growing. The European Sustainability Reporting Standards include dedicated social standards covering an organization’s own workforce, workers in the value chain, affected communities, and consumers, which expands the volume of data reporting teams gather and substantiate. New vendors capture market share by offering workforce metrics collection, supplier questionnaires, and human capital dashboards, reducing manual effort in assembling social disclosures. An illustrative example is Nasdaq Metrio, a sustainability reporting platform with automated data collection workflows, survey workflows, guidance notes, and an audit trail across multiple frameworks, which supports the collection of environmental, social, and governance data in one environment. Another example is the May 2025 partnership between Broadridge and Novisto, which combines Novisto’s software for sustainability data collection, analysis, and reporting with Broadridge’s corporate issuer solutions to capture, audit, and report ESG data against voluntary frameworks and mandatory regulations. These moves show customers increasingly expect social data collection and disclosure to be native to the reporting platform rather than managed in separate spreadsheets. For emerging vendors, the opportunity is in providing lightweight survey and workforce data connectors, supplier data collection portals, and validation controls linked directly to disclosure workflows. Vendors delivering fast setup, strong HR system interoperability, and clear traceability from source data to published metrics win in social disclosure procurement.

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Banking, financial services & insurance (BFSI) segment to capture the largest market share in 2026

By vertical, the banking, financial services & insurance (BFSI) segment is likely to be the largest-growing in the ESG Reporting Software Market in 2026. This segment is driven by increasing regulatory scrutiny, rising investor expectations, and the growing integration of sustainability metrics into financial decision-making. Banks, financial institutions, insurers, and asset managers are adopting these solutions to improve transparency, standardize ESG disclosures, and strengthen climate-related risk assessment across lending and investment portfolios. Growing demand for sustainable investment products and responsible financing is further accelerating adoption. Additionally, the need to consolidate data from diverse sources, maintain audit-ready records, and improve reporting accuracy is encouraging institutions to invest in automated ESG reporting platforms, supporting regulatory compliance and long-term risk management.

North America to hold the largest share of the ESG Reporting Software Market in 2031

By region, North America is expected to account for the largest market share in 2031, driven by increasing regulatory scrutiny, heightened investor expectations, and growing corporate commitments to sustainability and responsible business practices. Organizations across the US and Canada are investing in ESG reporting platforms to streamline disclosures, strengthen data governance, and improve transparency across environmental, social, and governance metrics. The need to manage evolving climate-related reporting requirements and demonstrate measurable sustainability performance is accelerating adoption. Furthermore, rising demand for ESG-linked investments, enhanced supply chain accountability, and robust risk management is encouraging enterprises to integrate automated reporting solutions into their operations, supporting compliance, operational efficiency, and long-term value creation. Additionally, the mature enterprise technology ecosystem and increasing adoption of AI-powered analytics are supporting the integration of ESG reporting software with existing financial, compliance, and enterprise resource planning systems. These capabilities enable organizations to reduce manual reporting efforts, strengthen internal controls, and generate decision-useful sustainability insights.

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Top Companies in ESG Reporting Software Market:

The Top Companies in ESG Reporting Software Market are Wolters Kluwer (Netherlands), Nasdaq (US), PwC (UK), Workiva (US), LSEG (UK), Sphera (US), Cority (Canada), Intelex (Canada), WOCE Solutions (India), and Novisto (Canada).

ESG Reporting Software Market – Investment & funding +Merger & Acquisition

Investment Funding Context

The ESG Reporting Software Market is witnessing increasing investment activity, driven by platform consolidation, strategic acquisitions, and growth capital for vendors serving disclosure rules such as CSRD. The market is anticipated to be valued at USD 1.83 billion in 2026 and USD 4.48 billion by 2031, registering a CAGR of 19.6%. Funding activity reflects the same direction, with Novisto raising USD 27 million in a Series C round led by Inovia Capital (May 2025) to expand its platform and European team, and Persefoni raising USD 23 million in a Series C round (March 2025), taking its total capital raised to USD 179 million.

Revenue Shift Context

The market shows a shift in spending from manual, spreadsheet-based reporting toward integrated platforms that unify environmental, social, and governance data. Software holds the largest share by offering, while services are expected to record the highest CAGR from 2026 to 2031 as enterprises seek implementation and assurance support. By software type, environmental ESG reporting software holds the largest share, while social ESG reporting software is expected to register the highest CAGR. Cloud deployment is expected to grow at the highest CAGR, and BFSI holds the largest share by vertical, with manufacturing expected to register the second highest CAGR.

Mergers and Acquisitions

Mergers and acquisitions in the ESG Reporting Software Market reflect consolidation toward unified platforms, with carbon accounting, reporting, and data management capabilities being combined under single vendors. The sale of Nasdaq Metrio to osapiens (August 2026) and Novisto’s acquisition of Minimum (March 2026) are the key recent transactions, and financial terms were not disclosed for either.

ESG REPORTING SOFTWARE MARKET: MERGERS & ACQUISITIONS, JANUARY 2023–AUGUST 2026

Month & Year

Deal Type

Company 1

Company 2

Description

August 2026

Acquisition

osapiens (Germany)

Nasdaq Metrio (US)

osapiens acquired Nasdaq’s sustainability reporting and carbon accounting platform, Nasdaq Metrio, along with its customers, expanding osapiens’ US presence and adding customers to its osapiens HUB platform.

March 2026

Acquisition

Novisto (Canada)

Minimum (UK)

Novisto acquired carbon management software provider Minimum to add native carbon management to its ESG platform, giving enterprises one system of record for climate, social, and governance data.

Company Revenue Share Details

Market share figures for the top five players total 40%, indicating a competitive market. No single vendor has established dominant control, leaving room for competition and consolidation in the years ahead. The key players, contributing around 70% of the total market share, are Wolters Kluwer, Nasdaq, PwC, Workiva, LSEG, Sphera, Cority, Intelex, Novisto, EMEX, Anthesis, and Isometrix. The presence of financial data and exchange groups such as Nasdaq and LSEG, professional services firms such as PwC and Anthesis, and specialist software vendors such as Workiva, Novisto, and Cority reflects the broadening scope of the market, and consolidation is expected to come from any of these groups.

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About MarketsandMarkets™  

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

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Expert Electrical Contractor Thomas Reilly Explains Knob-and-Tube Wiring Risks in HelloNation

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AMHERST, N.H., Nov. 1, 2026 /PRNewswire/ — The article examines aging electrical systems, modern power demands, and why inspection matters for homeowners and buyers.

KEY HIGHLIGHTS

Knob-and-tube wiring lacks grounding and may have deteriorated insulation or unsafe modifications.Insulation surrounding active wires can trap heat, interfering with the system’s original design.A licensed electrician can identify active wiring, assess its condition, and help plan replacement.

Is knob-and-tube wiring safe in an older home? HelloNation has published a HelloNation article that provides the answer through insights from Thomas Reilly, Expert Electrical Contractor of Amherst, New Hampshire, explaining how aging wiring can affect safety, insurance, and renovation plans.

How Does This Older Wiring System Work?

The HelloNation article explains that knob-and-tube wiring was commonly installed from about the 1880s through the 1940s. Ceramic knobs supported separate wires, while ceramic tubes protected them where they passed through wood framing.

The system used rubber and cloth insulation and relied on surrounding air to release heat. Although appropriate for its era, the design predates today’s electrical demands and grounding needs.

The article notes that these systems lack a ground wire. Aging insulation can also crack or fall away, leaving exposed conductors that create shock or fire risks.

Why Can Modern Household Changes Create Problems?

The article describes how high electrical demand can overload older circuits. Air conditioners, microwaves, and other appliances may place demands on wiring beyond its original purpose.

Adding insulation around active wires can trap heat. The article also identifies improper splices and oversized replacement fuses as concerns that may compromise safety.

Visible ceramic components can help identify the system in unfinished spaces. However, the article cautions that two-prong outlets alone do not confirm its presence, and an electrician must determine which wiring remains active.

What Should Homeowners Consider Before Renovating?

The HelloNation article explains that active knob-and-tube wiring may complicate insurance coverage or a home sale. Requirements vary, with some insurers seeking an inspection or replacement.

The article describes replacement as installing modern grounded cable throughout affected areas. Accessibility, layout, and wall materials influence the work, and some homeowners complete rewiring in stages.

Until replacement, the article advises avoiding overloaded circuits, keeping visible wiring clear of insulation and storage, and leaving repairs to qualified professionals.

What Is Knob-and-Tube Wiring and Is It Safe Today? features insights from Thomas Reilly, Expert Electrical Contractor of Amherst, New Hampshire, in HelloNation.

FREQUENTLY ASKED QUESTIONS

Does Older Wiring Always Present an Immediate Danger?

According to Thomas Reilly, Expert Electrical Contractor of Amherst, New Hampshire, undisturbed wiring in good condition may continue working when not overloaded. Its condition still warrants professional evaluation.

Can Insulation Cover Active Wires?

Thomas Reilly, Expert Electrical Contractor of Amherst, New Hampshire, explains in the article that surrounding insulation can prevent heat from escaping. The system was designed to operate with open air around its wires.

Does Rewiring Require Opening Every Wall?

Based on insights from Thomas Reilly, Expert Electrical Contractor of Amherst, New Hampshire, electricians can often fish new cables through walls. The extent of access needed depends on the home’s construction and layout.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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Retirement Planning Expert Janie Kelly Explains Required Minimum Distribution Rules in HelloNation

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The article outlines retirement account withdrawal deadlines, calculation methods, and tax considerations that can affect retirement income planning.

KEY HIGHLIGHTS

Required withdrawals depend on account type, age, prior year-end balances, and IRS life expectancy tables.Delaying a first withdrawal until the following April can mean taking two distributions in one calendar year.IRA and employer plan rules differ, making account-specific calculations and deadlines important.

ROCHESTER HILLS, Mich., Nov. 1, 2026 /PRNewswire/ — How does a required minimum distribution work for IRAs and 401(k) plans? HelloNation has published a HelloNation article that provides the answer through insights from Janie Kelly, Retirement Planning Expert of Rochester Hills, Michigan, explaining how withdrawal requirements affect retirement income and taxes.

Which Retirement Accounts Require Withdrawals?

The HelloNation article explains that required minimum distributions, commonly called RMDs, apply to traditional IRAs and many employer retirement plans. These withdrawals ensure that tax-deferred savings eventually become subject to income tax.

The article distinguishes these accounts from Roth accounts, which generally do not require lifetime withdrawals by their original owners. Inherited retirement accounts follow separate rules and may involve both annual withdrawals and a deadline for emptying the account.

How Are Withdrawal Amounts and Deadlines Determined?

The article explains that a required minimum distribution generally uses the account’s prior December 31 balance divided by an IRS life expectancy factor. Different tables may apply depending on the owner’s circumstances.

The first withdrawal generally has an April 1 deadline in the year after the applicable starting age. Later annual withdrawals generally must occur by December 31.

The article cautions that waiting until April for the first withdrawal can create two taxable distributions in one year. That timing may affect the retiree’s tax bracket.

Can Withdrawals Be Combined Across Accounts?

The HelloNation article explains that each traditional IRA requires a separate calculation. The combined amount can generally come from one IRA or several IRAs.

Most 401(k) plans require withdrawals from each individual account. The article also describes a possible delay for eligible employees still working under their current employer’s plan, while noting that this exception does not apply to IRAs.

Missing a withdrawal can trigger an IRS penalty. The article emphasizes tracking deadlines, reviewing account requirements, and planning distributions before year-end.

How Required Minimum Distributions Work for IRAs and 401(k) Plans features insights from Janie Kelly, Retirement Planning Expert of Rochester Hills, Michigan, in HelloNation.

FREQUENTLY ASKED QUESTIONS

Can Required Withdrawals Affect Other Retirement Costs?

According to Janie Kelly, Retirement Planning Expert of Rochester Hills, Michigan, taxable withdrawals may affect income tax brackets, taxation of Social Security benefits, and Medicare premiums for higher-income retirees.

Can Charitable Giving Count Toward an RMD?

Janie Kelly, Retirement Planning Expert of Rochester Hills, Michigan, explains in the article that eligible IRA owners can use qualified charitable distributions toward their RMD. These transfers must go directly to qualified charities and follow applicable limits.

Must Retirees Take Their Entire Withdrawal at Once?

Based on insights from Janie Kelly, Retirement Planning Expert of Rochester Hills, Michigan, withdrawals can be spread across monthly or quarterly payments. Some retirees arrange automatic distributions through their account provider.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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Accounting Expert David Riggs Explains S Corp Reasonable Salary and Distributions in HelloNation

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The article explains how owner compensation affects payroll taxes and why salary decisions need supporting records.

KEY HIGHLIGHTS

Working S corporation owners must receive reasonable compensation before taking shareholder distributions.Duties, experience, hours worked, and comparable wages help determine an appropriate salary.The IRS may reclassify distributions as wages, resulting in back payroll taxes, interest, and penalties.

YORK, Pa., Nov. 1, 2026 /PRNewswire/ — How much salary should an S corporation owner pay themselves? HelloNation has published a HelloNation article that provides the answer through insights from David Riggs, Accounting Expert of York, Pennsylvania, explaining how salary and shareholder distributions affect payroll taxes.

Why Do Salary and Distributions Receive Different Tax Treatment?

The HelloNation article explains that working S corporation owners serve as both shareholders and employees. Their compensation can include wages paid through payroll and shareholder distributions.

Salary is subject to payroll taxes, including Social Security and Medicare. Shareholder distributions generally are not subject to those taxes, creating potential savings alongside compensation requirements.

The article notes that owners cannot simply replace reasonable wages with distributions. Working owners must receive compensation that reflects the services they provide.

How Is an S Corp Reasonable Salary Determined?

The article explains that no single dollar amount applies to every owner. An s corp reasonable salary depends on the work performed and what comparable businesses would pay for similar services.

Relevant factors include training, experience, responsibilities, and time devoted to the business. The article also describes how business size, complexity, revenue, and profits can influence compensation decisions.

Owners may handle management, sales, technical work, and bookkeeping. The article outlines approaches that compare market wages or assign compensation to each role.

Why Do Documentation and Annual Reviews Matter?

The HelloNation article cautions that percentage splits, such as 60 percent salary and 40 percent distributions, are not official IRS guidelines. Compensation decisions should reflect business facts rather than a fixed formula.

The article recommends keeping salary research, job descriptions, and records of hours worked. Reviewing compensation annually helps owners account for changing responsibilities and business growth.

Salary should also run through formal payroll, with required withholding, filings, and a year-end W-2. These practices help support the distinction between employee wages and shareholder distributions.

How the IRS Views S Corp Owner Salary and Shareholder Distributions features insights from David Riggs, Accounting Expert of York, Pennsylvania, in HelloNation.

FREQUENTLY ASKED QUESTIONS

Does the IRS Approve a Standard Salary Percentage?

According to David Riggs, Accounting Expert of York, Pennsylvania, no fixed percentage replaces a review of the owner’s actual work. Comparable pay and documented responsibilities provide a stronger basis.

What Happens When an Owner Takes Too Little Salary?

David Riggs, Accounting Expert of York, Pennsylvania, explains that the IRS may reclassify distributions as wages. Owners can then face back payroll taxes, interest, and penalties.

Can a New Business Justify a Lower Salary?

Based on insights from David Riggs, Accounting Expert of York, Pennsylvania, limited profit or cash may support lower compensation. The article emphasizes scrutiny when significant distributions accompany little salary.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/accounting-expert-david-riggs-explains-s-corp-reasonable-salary-and-distributions-in-hellonation-302925330.html

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