Key Factors Fueling the Growth of the Environmental, Social And Governance (ESG) Rating Services Market in 2025: Impact of Climate Change Awareness on the Growth of the ESG Rating Services Market
Discover trends, market shifts, and competitive outlooks for the environmental, social and governance (esg) rating services industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
#What Is the Current and Projected Market Size of the Environmental, Social And Governance (ESG) Rating Services Market Through 2034?#_x000D_
The market size of the environmental, social and governance (ESG) rating services has expanded significantly in the past few years. The market, which stood at $11.06 billion in 2024, is projected to increase to $12.3 billion in 2025, showing a compound annual growth rate (CAGR) of 11.2%. The historical growth can be credited to factors such as enhanced corporate transparency, a boost in sustainable development objectives, increasing public consciousness, shifting consumer preferences and heightened scrutiny from investors._x000D_
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The market size of environmental, social, and governance (ESG) rating services is set to witness a significant surge in the coming years. It is expected to expand to $18.66 billion in 2029, showcasing a compound annual growth rate (CAGR) of 11.0%. The forthcoming growth can be credited to escalating environment change policies, monetary incentives for corporations, focus on supply chain transparency, increase in sustainability-related loans, and augmented reliance on environmental impact assessments. Important trends to watch out for in the forecasted period encompass the adoption of green technologies, novel ESG metrics, embracing of circular economy models, digital transformation efforts, and real-time ESG monitoring._x000D_
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#What are the Fundamental Drivers and Innovations Shaping the Environmental, Social And Governance (ESG) Rating Services Market?#_x000D_
The surge in awareness of climate change is projected to stimulate the expansion of the ESG rating services market in the future. The growing apprehension about climate change, fueled by increasing proof of its effects like extreme weather conditions and environmental damage, coupled with comprehensive media coverage and advocacy, is boosting the demand. This evolution intensifies the need for ESG rating services as it amplifies attention towards environmental sustainability and risk control, urging corporations to pursue assessments of their climate-related prowess and resilience strategies. For instance, as per the UK Parliament’s House of Commons Library, a UK-based government administration, in December 2022, an impressive 74% of the British populace conveyed high or extreme worries regarding climate change in 2022, a significant rise from 45% in 2021. Consequently, this heightened climate change consciousness is propelling the ESG rating services market growth._x000D_
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#How Is the Environmental, Social And Governance (ESG) Rating Services Market Segmented?#_x000D_
The environmental, social and governance (ESG) rating services market covered in this report is segmented –_x000D_
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1) By Type: Addressing Environmental, Social And Governance (ESG) Expectations, Preparing Environmental, Social And Governance (ESG) Reports, Assuring Environmental, Social And Governance (ESG) Data, Communicating Environmental, Social And Governance (ESG) Strategy, Other Types_x000D_
2) By Organization Size: Large Enterprises, Small And Medium Enterprises (SMEs)_x000D_
3) By Application: Financial Industry, Consumer And Retail, Industrial Manufacturing, Energy And Natural Resources, Real Estate, Other Applications_x000D_
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Subsegments:_x000D_
1) By Addressing Environmental, Social, and Governance (ESG) Expectations: ESG Risk Assessment, ESG Performance Benchmarking, Sector-Specific ESG Guidance, Stakeholder Engagement Strategies_x000D_
2) By Preparing Environmental, Social, and Governance (ESG) Reports: Standardized ESG Reporting Frameworks, Custom ESG Reporting Solutions, Data Collection and Analysis Tools, Performance Metrics Development_x000D_
3) By Assuring Environmental, Social, and Governance (ESG) Data: Third-Party Verification Services, Internal Audit Support for ESG Data, Data Quality Assessment Tools, Compliance Auditing Services_x000D_
4) By Communicating Environmental, Social, and Governance (ESG) Strategy: ESG Communication Frameworks, Stakeholder Reporting Tools, Digital Communication Platforms, Training and Capacity Building Programs_x000D_
5) By Other Types: ESG Integration Services, Impact Measurement Services, Regulatory Compliance Advisory, Sustainability Strategy Consulting_x000D_
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#Which Regions Are Driving the Next Phase of the Environmental, Social And Governance (ESG) Rating Services Market Growth?#_x000D_
North America was the largest region in the ESG rating services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ESG rating services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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#What Are the Strategic Trends Steering the Environmental, Social And Governance (ESG) Rating Services Market Direction?#_x000D_
Prominent corporations involved in the ESG rating services market are building AI-integrated platforms to augment the precision and efficiency of ESG evaluations. These platforms aim to simplify the data analysis process and offer more useful insights for investors and stakeholders. By automatically analyzing large data streams, AI-platforms allow ESG rating services to provide precise, current assessments, and practical information on environmental, social, and governance aspects. For example, ERM, a business consulting and services firm based in the UK, debuted ESG Fusion in February 2022. This AI-powered platform gives swift, tailor-made ESG ratings for privately-held corporations. It helps investors take informed decisions, backed by recent data and expert examination, by amassing real-time data and specialist opinion to expedite ESG due diligence and performance evaluation._x000D_
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#How Is the Environmental, Social And Governance (ESG) Rating Services Market Defined and What Are Its Core Parameters?#_x000D_
Environmental, social and governance (ESG) rating services refer to specialized agencies and organizations that evaluate and score companies based on their environmental, social, and governance practices. These ratings provide investors with standardized assessments of a company’s ESG performance, helping them make informed investment decisions aligned with sustainability and ethical considerations._x000D_
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