As Investors Demand Climate Data, Sustainability Software Is Booming
Just like the earth, the market for climate reporting software is heating up.
Shareholders have made it overwhelmingly clear that a company’s approach to sustainability can make or break its investment prospects. But it’s not enough for enterprises to say they’re sustainable — they have to prove it.
Driven by pressure from investors, regulators and consumers, demand is rising for software that can track and report environmental data. When it comes to betting on the messy business of wrangling environmental data from disparate sources, investors spent more than $570 million backing startups in the first six months of 2021 alone, according to a report by PwC.