📈 India's ESG Tech Boom: 2023 Review
The year is winding down, and we have been MIA for a while. 🕵️♂️
We are back again with interesting stuff to pique your interest and simplify the climate change landscape for you. Let's go.
What's the biggest threat to humanity's future?
AI? Geopolitical conflicts?
We aren't sure if AI will take over the world, but climate change could definitely bring us down on our knees.
Countries are on the run to fix the mess. So are the businesses, driven by both, regulations and the need to attract investors who care about ESG.
The market has been booming with tech to help businesses in their sustainability journey. Also, investors are on the lookout for investment opportunities in ESG tech.
India, like other nations, has witnessed growth in ESG tech this year.
In this article, we review the key trends and developments in ESG tech in India across various categories.
📊 ESG Measurement & Reporting:
You need to have a rock-solid data system to manage all that ESG data and report it accurately.
No doubt.
With ESG regulations getting hotter, businesses are increasingly seeking reporting tools that can handle different frameworks and standards such as BRSR, GRI, CDP, etc.
Artificial intelligence (AI) and machine learning (ML) are changing the game by automating data collection, identifying trends, and predicting future performance.
Many providers are upping their game to offer the best ESG measurement and reporting solutions. Here are a few of them -
🌐 ESG Rating & Scoring
The demand for ESG rating and scoring software solutions has soared in India and globally. Investors are on the lookout for businesses with strong ESG practices.
ESG rating/scoring solutions help businesses, investors, and everyone else make informed decisions about sustainability. Right now, these are only a few players in India -
🔍 ESG Data Providers
Reliable ESG data is a must for investment decisions, corporate benchmarking, impact investing, etc. Very few players in India are offering this service.
🌱 Carbon Offset / Carbon Credits
Meeting Net Zero targets and becoming Carbon Neutral is crucial for businesses. To achieve this, there is a big demand for carbon offsets and carbon trading platforms that facilitate the buying and selling of carbon credits.
Amid the concerns about the credibility of carbon offsets, businesses want high-quality, verified carbon offsets that truly make a difference.
A few players are emerging in this landscape -
As things are picking up speed, the Indian ESG tech landscape is prepping with new players offering advanced solutions for businesses. With SEBI's new rules, there is a huge regulatory push too.
Hoping to see some more unique ESG tech in the coming year!
We're constantly exploring for more amazing ESG tech companies to add to the list, including any we might have missed.
As we turn the page to a new year, we at Simply Climate are ready to embark on new journeys with you. Stay tuned for updates, fresh views, and even more impactful content in the year ahead.
Wishing you a joyous and sustainable New Year! 🎉
That's a wrap for this week! Stay tuned for more fun and informative content coming your way soon! ⌛