Renowned independent research and advisory firm Verdantix has named IsoMetrix as a Smart Innovator in the Corporate ESG & Sustainability Software market.
Verdantix provides buyers of software for environment, social and governance (ESG) and sustainability management with a high-level benchmark of the capabilities of 44 software solutions, in its 2021 report.
Verdantix describes the report as 'analyzing the evolving landscape of technology solutions for ESG and sustainability data and pinpointing the areas for greatest innovation and development.' Heads of ESG and Sustainability are encouraged to use its Smart Innovators report to inform their future technology adoption roadmaps in 2021 and beyond.
In the report, ESG & Sustainability software capabilities are ranked across four main areas, namely Risk Management, Operational Improvement, Product Stewardship, and Disclosures and Reporting. IsoMetrix achieved ‘comprehensive coverage of all issues and functionalities with multiple named case studies’ in multiple areas including Stakeholder Management, Social Issues Management, Voluntary Frameworks, and Workflows and Auditability.
In addition, IsoMetrix was identified as providing an ‘out-of-the-box targeted solution and multiple named customers’ for Supply Chain and Suppliers Management, Energy and Carbon Management, Environmental Resource Management, Governance Issues Management, and Regulated and Mandated Frameworks.
Verdantix also uses the report to analyze the market environment, mentioning that investor and lender interest in ESG information has increased dramatically in recent years, and that the COVID-19 pandemic has accelerated rather than discouraged investor engagement with sustainability factors.
The organization goes on to state that "As firms emerge from the ravages of the COVID-19 pandemic, they will be confronted with the need to develop and implement a comprehensive ESG strategy. The good news? There is a wide range of software providers that offer functionality to accelerate ESG strategies with digitized processes, controls and systems."