This IDC Market Perspective discusses the challenges faced by small and midsize enterprises (SMEs) in managing their environmental, social, and governance (ESG) initiatives due to lack of resources and expertise. It highlights the increasing pressure on SMEs to monitor ESG metrics and improve sustainability performance and the factors influencing SME ESG initiatives."SMEs are under increasing pressure to not only begin monitoring ESG metrics but also develop initiatives to improve their sustainability performance," says Amy Cravens, research manager, ESG Reporting and Management Technologies at IDC. "This is creating a dynamic ripe for rightsized software solutions to help these organizations meet these emerging requirements."
Please Note: Extended description available upon request.
Executive Snapshot
New Market Developments and Dynamics
Market Segmentation
Factors Influencing SME ESG Initiatives
How Do Their Needs Differ?
Examples of SME-Targeted Sustainability Software
ESG Essential by Workiva
Zeigo Activate by Schneider Electric
Advice for the Technology Supplier and Services Provider