target audience: TECH SUPPLIER Publication date: Feb 2024 - Document type: Market Perspective - Doc Document number: # US51814524
Vendor Strategies for SME Sustainability Software
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Abstract
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."