Impact of Climate Change Awareness on the Growth of the ESG Rating Services Market Driver: A Major Catalyst in the Evolution of the Environmental, Social And Governance (ESG) Rating Services Market in 2025

"How Is the Environmental, Social And Governance (ESG) Rating Services Market Projected to Grow, and What Is Its Market Size?
The market size for environmental, social and governance (ESG) rating services has seen rapid expansion in the recent past. It's forecasted to increase from $11.06 billion in 2024 to $12.3 billion in 2025, with a compound annual growth rate (CAGR) of 11.2%. The growth witnessed in the past can be linked to factors such as increased corporate transparency, a surge in sustainable development goals, heightened public awareness, altered consumer preferences, and escalated investor scrutiny.

The market size of environmental, social and governance (ESG) rating services is projected to witness a rapid expansion in the years to come. The estimated growth is a notable $18.66 billion by the year 2029, with a compound annual growth rate (CAGR) of 11.0%. The anticipated expansion in the forecast period can be traced back to the surge in policies around climate change, economic benefits for corporations, a strong focus on supply chain transparency, a rise in loans tied to sustainability, and an increasing dependence on assessments of environmental impact. Key trends foreseen in the forecast period revolve around the adoption of green technologies, innovations in ESG measurements, embracing circular economic models, digital transformation efforts, and real-time ESG oversight.

What Are the Key Drivers Behind the Growth of the Environmental, Social And Governance (ESG) Rating Services Market?
The rising awareness of climate change is anticipated to fuel the expansion of the ESG rating services market. The growing consciousness about climate change is due to an increase in evident impacts such as severe weather conditions and environmental degradation, along with extensive media reporting and advocacy. The climate change issue boosts the demand for ESG rating services by intensifying the emphasis on environmental sustainability and risk management, which prompts firms to seek reviews of their strategies for climate-related performance and resilience. For example, the UK Parliament's House of Commons Library, a UK governmental entity, indicated in December 2022 that 74% of the British populace communicated extreme or significant concern about climate change in 2022, a substantial increase from 45% in 2021. Hence, the awareness of climate change is aiding the ESG rating services market's growth.

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Who Are the Major Industry Players Fueling Environmental, Social And Governance (ESG) Rating Services Market Expansion?
Major companies operating in the ESG rating services market are Deloitte Touche Tohmatsu Limited, PricewaterhouseCoopers International Limited, Ernst & Young Global Limited, KPMG International Limited, S&P Global Inc., Deutsche Börse AG, Thomson Reuters Corporation, LSEG Data & Analytics, Bureau Veritas, Moody's Corporation, UL LLC, MSCI Inc., Morningstar Inc., CRISIL Limited, EcoVadis Inc., Institutional Shareholder Services Inc., Sustainalytics B.V., Confluence Technologies Inc., US Green Building Council, RepRisk AG, Vigeo Eiris, Clarity AI Inc., Arabesque S-Ray GmbH, Truvalue Labs Inc.

Which Key Developments Are Influencing the Environmental, Social And Governance (ESG) Rating Services Market?
Leading businesses that provide ESG rating services in the market are leveraging AI-powered platforms to augment the precision and effectiveness of their ESG evaluations, simplify the process of data scrutiny, and offer valuable insights to investors and other stakeholders. These AI-enabled platforms facilitate ESG rating services by automating the analysis of extensive data, thereby delivering real-time, precise assessments and strategic insights on environmental, social, and governance elements. To exemplify, in February 2022, ERM, a UK-based consultancy and service company, introduced ESG Fusion. This AI-driven platform promptly delivers bespoke ESG ratings for private firms, thereby equipping investors with the latest insights for sound decision-making. It consolidates real-time data and expert opinions to expedite the ESG due diligence process and the measurement of performance.

How Is the Segmentation of the Environmental, Social And Governance (ESG) Rating Services Market Defined?
The environmental, social and governance (ESG) rating services market covered in this report is segmented -

1) By Type: Addressing Environmental, Social And Governance (ESG) Expectations, Preparing Environmental, Social And Governance (ESG) Reports, Assuring Environmental, Social And Governance (ESG) Data, Communicating Environmental, Social And Governance (ESG) Strategy, Other Types
2) By Organization Size: Large Enterprises, Small And Medium Enterprises (SMEs)
3) By Application: Financial Industry, Consumer And Retail, Industrial Manufacturing, Energy And Natural Resources, Real Estate, Other Applications

Subsegments:
1) By Addressing Environmental, Social, and Governance (ESG) Expectations: ESG Risk Assessment, ESG Performance Benchmarking, Sector-Specific ESG Guidance, Stakeholder Engagement Strategies
2) By Preparing Environmental, Social, and Governance (ESG) Reports: Standardized ESG Reporting Frameworks, Custom ESG Reporting Solutions, Data Collection and Analysis Tools, Performance Metrics Development
3) By Assuring Environmental, Social, and Governance (ESG) Data: Third-Party Verification Services, Internal Audit Support for ESG Data, Data Quality Assessment Tools, Compliance Auditing Services
4) By Communicating Environmental, Social, and Governance (ESG) Strategy: ESG Communication Frameworks, Stakeholder Reporting Tools, Digital Communication Platforms, Training and Capacity Building Programs
5) By Other Types: ESG Integration Services, Impact Measurement Services, Regulatory Compliance Advisory, Sustainability Strategy Consulting

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What Is the Leading Region in the Environmental, Social And Governance (ESG) Rating Services Market?
North America was the largest region in the ESG rating services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ESG rating services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Environmental, Social And Governance (ESG) Rating Services Global Market Report?

- Market Size Analysis: Analyze the Environmental, Social And Governance (ESG) Rating Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Environmental, Social And Governance (ESG) Rating Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Environmental, Social And Governance (ESG) Rating Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Environmental, Social And Governance (ESG) Rating Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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