Cority: ESG Reporting & Data Management Leader
Cority, a well-known global provider of environmental, health, and safety (EHS) software, has been named a leader in the first Green Quadrant report on ESG Reporting and Data Management Software by independent research firm Verdantix.
In today's corporate landscape, businesses face increasing regulations and pressure from stakeholders. Jessica Pransky, Principal Analyst for ESG & Sustainability at Verdantix, emphasises the growing importance of reporting on ESG and sustainability metrics across environmental, social, and governance (ESG) aspects.
She states that ESG data management has transformed from a "nice to have" to a "must have" for many corporations as they strive to enhance sustainability performance and make informed decisions throughout their operations and value chains.
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Verdantix's comprehensive assessment evaluated the top 20 ESG reporting and data management software vendors. Cority emerged as one of the 11 vendors recognised for their advanced capabilities in supporting customer needs.
These capabilities encompass the collection and management of extensive data and metrics related to ESG topics, effective engagement and communication with key stakeholders, ensuring audit-ready data, adaptability to evolving regulations, and facilitating reporting across various mandated frameworks to enable improved decision-making.
Cority received commendations for its user-friendly interface and exceptional customer service. The report highlights two core areas that underscore Cority's strengths and unique attributes:
Voluntary Reporting, Regulated, and Mandated Frameworks: Cority received high rankings in this category due to its pre-defined configurations and reporting templates for multiple ESG frameworks such as TCFD, SFRD, CSRD, CDP, GRI, SASB, and EU Taxonomy. The software's ability to handle vast amounts of qualitative and quantitative data, including financial data and climate-related risk information, impressed the evaluators. Additionally, Cority supports the design and publication of interactive websites and reports containing both sustainability and financial data.
Engagement Tools: Cority ranked among the top three vendors in the engagement tools category. The report highlighted Cority's ability to facilitate collaboration across departments and locations, particularly praising the software's dedicated tools tailored for the financial sector. These tools have successfully served a wide range of clients with over USD 700 billion of Assets Under Management.
Recognising Cority's broad range of capabilities, the report recommends Cority's ESG and sustainability solutions for two customer profiles: those seeking a comprehensive platform for enterprise-wide sustainability initiatives and those starting their ESG journey and requiring a flexible solution that can evolve with their needs.
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CorityOneTM, the integrated EHS and sustainability SaaS-based platform, offers scalability and a seamless path for future growth. Comprising a comprehensive suite of solutions for managing environmental, health, safety, sustainability, and quality programs, CorityOne consolidates data from across organisations, providing a holistic view of sustainability and ESG performance.
By combining related datasets such as employee health, risk and compliance, air emissions, and waste, CorityOne empowers customers with improved efficiencies, data-driven decision-making, and more accurate reporting.
The report suggests that organisations looking for a unified platform for their EHSQ and sustainability requirements should consider Cority. Additionally, Cority was recognised for its Sustainability Performance Essentials package, catering to organisations in the early stages of their sustainability reporting journey who are not yet ready for the comprehensive CorityOne platform and Sustainability Cloud offerings. This foundational solution offers built-in best practices, standards frameworks, and a deployment timeframe of fewer than 12 weeks.
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Verdantix also acknowledged Cority's investment in sustainability and ESG software capabilities, noting the company's support for both Corporations and Private Markets through the acquisitions of Greenstone and Reporting21.
This strategic approach ensures that Cority's clients receive tailored software and services that meet their specific needs, ranging from ESG framework development to GHG emissions calculation, ESG performance analysis, engagement management, and preparation for international reporting frameworks.
Ted Kail, Chief Product Officer at Cority, expressed gratitude for the recognition and emphasised Cority's commitment to providing customers with relevant data management tools that align seamlessly with evolving reporting frameworks. Cority's mission is to support teams embarking on their environmental, safety, and governance journeys with scalable, people-first solutions.
Verdantix conducted this evaluation due to regulatory shifts, increased market demand for ESG reporting and data management software, and a rise in vendor solutions over the past three years. The report predicts that the ESG reporting and data management software market will grow from $905 million in 2021 to over $4.3 billion by 2027.
Cority's positioning as an ESG leader adds to its consistent recognition as a leader in Verdantix's EHS Green Quadrant benchmark studies over the past five years. The company was also acknowledged as a leader in the 2022 Green Quadrant for Enterprise Carbon Management Software.
To access the complete Green Quadrant: ESG Reporting and Data Management Software Report, click here.
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Source: Cority
