Strategic Focus: The ESG & Sustainability Assurance Software And Services Partnership Ecosystem

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Executive Summary

The global ESG assurance services market is projected to reach $5.89 billion by 2028, fuelled by stakeholder pressure, regulatory requirements and concerns over ESG data transparency and integrity. ESG assurance will have a significant impact on how firms manage corporate ESG disclosures and will present new challenges in terms of governance, accountability and data accuracy. Against this backdrop, this report shines a spotlight on partnerships between ESG assurance and ESG software providers and identifies new avenues for partnership opportunities. Sustainability executives should use the report to understand how software and services partnerships can deliver value to their corporate ESG reporting processes. 

Table of contents

ESG software and service providers collaborate to help firms meet assurance requirements
ESG assurance will present new challenges for firms
An integrated software and services approach can provide end-to-end support for ESG reporting and assurance
Assurance providers must explore new partnerships for market share growth

Table of figures

Figure 1. ESG and sustainability disclosure rules and standards featuring independent assurance
Figure 2. Supply chain emission time horizons for audit quality
Figure 3. Examples of software support across the ESG reporting and assurance life cycle

About the authors

Kim Knickle

Research Director, ESG & Sustainability
Kimberly Knickle is Research Director of the ESG & Sustainability practice at Verdantix. Her research areas encompass ESG regulations and reporting, ESG risk, supply chain sustainability, circular economy, social impact, and sustainable finance. Kim has worked for more than 20 years in the IT industry, providing research and analysis to help companies invest wisely in new technologies. Before joining the analyst industry, she held various roles in IT services, engineering and product safety testing, beginning her career at Underwriters Laboratories, Inc. Kim holds an MBA from Boston University and a BS in Electrical Engineering from Cornell.

Lily Turnbull

Industry Analyst
Lily is an Industry Analyst in the Verdantix ESG & Sustainability practice. Her current research agenda focuses on ESG and sustainability services, ESG assurance, and sustainable finance. Lily joined Verdantix in 2022 and has previous experience in social impact research and ESG software development. She holds an MSc in Women, Peace & Security from the London School of Economics and Political Science and a BA in Theology & Religion from the University of Bristol.

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