US ESG Reporting Software Market: Latest Trends, Technological Advancements, Driving Factors, and Forecast until 2029

ESG Reporting Software Market by Software (Environmental ESG Reporting Software, Social ESG Reporting Software, Governance ESG Reporting Software), and Services, Vertical (BFSI, Government, Public Sector, and Non-Profit) - Global Forecast to 2029.
A research report titled "US ESG Reporting Software Market [https://www.marketsandmarkets.com/PressReleases/us-esg-reporting-software.asp?utm_campaign=usesgreportingsoftwaremarket&utm_source=abnewswire.com&utm_medium=paidpr] by Software (Environmental, Social, and Governance ESG Reporting Software), and Services, Vertical (BFSI, Government, Public Sector, and Non-Profit) - Global Forecast to 2029" by MarketsandMarkets projects that the U.S. ESG reporting software market will grow from USD 0.35 billion in 2024 to USD 0.71 billion by 2029, registering a CAGR of 15.2% over the forecast period.

This market is experiencing strong growth as organizations increasingly focus on sustainability, regulatory compliance, and transparency. Companies in sectors such as finance, manufacturing, and retail are turning to ESG reporting tools to monitor performance, meet evolving regulations, and build stakeholder confidence. The rising demand for automation, real-time analytics, and AI-powered insights is also driving adoption, enabling businesses to streamline reporting processes and minimize manual workloads.

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The software segment accounted for the largest share by offering segment in the US ESG reporting software market in 2024.

The software segment held the largest share of the US ESG reporting software market in 2024, driven by growing regulatory pressures, corporate sustainability initiatives, and the need for accurate ESG data management. For instance, in March 2024, the US Securities and Exchange Commission (SEC) introduced climate disclosure rules, requiring publicly traded companies to report greenhouse gas emissions and climate-related risks.

Additionally, state-level mandates such as in California SB 253 (Climate Corporate Data Accountability Act) and SB 261 (Climate-Related Financial Risk Act), passed in 2023, require large companies to disclose greenhouse gas emissions and climate-related financial risks. In New York, the Climate Leadership and Community Protection Act (CLCPA) mandates businesses to align with state emission reduction targets and climate risk disclosures. Companies across industries, including finance, energy, and technology, are adopting software solutions to automate ESG data collection, ensure regulatory compliance, and enhance reporting accuracy. The shift toward cloud-based SaaS platforms enables US businesses to scale ESG initiatives, integrate reporting with enterprise systems, and leverage AI-driven insights for risk assessment. Leading providers such as Workiva, Nasdaq, and Wolters Kluwer play a key role in shaping the market, offering solutions tailored to evolving US regulations and corporate sustainability goals.

The social ESG reporting software segment accounted for the largest share by software segment in the US ESG reporting software market in 2024.

In the US ESG reporting software market, the social ESG reporting software segment holds the largest share in 2024, driven by increased corporate focus on diversity, equity, and inclusion (DEI), workplace safety, and community engagement. Companies are adopting software solutions to track workforce demographics, pay equity, labor rights, and supplier diversity in response to investor expectations and evolving social responsibility standards.

For instance, the Equal Pay Act and EEO-1 reporting requirements push US businesses to disclose workforce composition and pay gaps. At the same time, the Uyghur Forced Labor Prevention Act (UFLPA) increases scrutiny on supply chain ethics. Rising consumer awareness and pressure from institutional investors, such as those following Human Capital Management (HCM) disclosure guidelines, further accelerate adoption.

Advancements in AI-powered analytics, real-time data tracking, and cloud-based platforms help organizations streamline reporting, monitor social impact, and align with frameworks such as SASB (Sustainability Accounting Standards Board) and GRI (Global Reporting Initiative). As leading US ESG software providers expand their social reporting capabilities, businesses increasingly prioritize these solutions to meet regulatory expectations, enhance transparency, and mitigate reputational risks.

The retail & consumer goods segment by verticals is expected to grow at the highest rate during the forecast period.

The retail and consumer goods sector in the US ESG reporting software market is expected to grow at the highest CAGR, driven by increasing consumer demand for sustainable products, supply chain transparency, and responsible sourcing. Retailers and brands leverage ESG reporting software to track carbon emissions, ethical labor practices, and packaging sustainability while ensuring compliance with evolving disclosure regulations.

Growing pressure from investors and regulatory bodies, such as the FTC Green Guides and state-level sustainability mandates, accelerates adoption. As retailers focus on improving brand reputation, meeting consumer expectations, and adhering to sustainability commitments, the demand for ESG reporting software in this sector is projected to see the most significant expansion during the forecast period.

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Top Companies in the US ESG Reporting Software Market

Key players in the US ESG reporting software market are Wolters Kluwer (Netherlands), Nasdaq(US), PWC(UK), Workiva(US), LSEG(UK), Greenstone(UK), Diligent(US), Sphera(US), Cority(Canada), Intelex(Canada), Novisto(Canada), Emex(Ireland), IBM(US), Anthesis(UK), Diginex(Hong Kong), Bain & Company(US), Keramida(US), Isometrix(US), Vervantis(US), Accuvio(Ireland), ESG Flo(US), Measurabl(US), Plan A(Germany), SustainLab(Sweden), and ESG Go(US).

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