EnergyElephant named by FinTech Global as one of the world’s top 100 most innovative ESG tech companies
EnergyElephant announces its inclusion on the ESGFinTech100 list for 2024, a prestigious recognition honouring the top 100 tech innovators that every financial institution needs to know about as they consider and develop their ESG assessment and performance strategies.
EnergyElephant is thrilled to announce our inclusion on the ESGFinTech100 list for 2024, a prestigious recognition honouring the top 100 tech innovators that FinTech Global says "every financial institution needs to know about as they consider and develop their ESG [Environmental, Social, and Governance] assessment and performance strategies".
"ESG-focused frameworks like CSRD [Corporate Sustainability Reporting Directive] are becoming more common around the world. Financial institutions face mounting requirements for ESG reports and alignment to sustainability targets. The ESGFinTech100 serves as a crucial resource for senior management, helping them identify the leading ESG tech companies. The detailed company profiles offer insights into their solutions, the challenges they address, their operational regions, and more. This guide is essential for any organization committed to achieving net-zero targets." ~ Richard Sachar, Director of FinTech Global
To support their network of banks, insurance companies, asset management firms, financial advisors, and other financial institutions in navigating the growing demand for ESG-focussed technology, FinTech Global established a panel of industry experts and analysts to identify the leaders in the field.
Comprehensive data for over 500 ESG tech companies was provided to the panel for review. A range of factors was considered by the Advisory Board and FinTech Global team to make the final selection including:
- Industry significance of the problem being solved
- Growth in terms of capital raised, revenue, customer traction
- Innovation of ESG technology solution offered
- Potential cost savings, efficiency improvement, impact on ESG imperatives and/or revenue enhancements generated for clients
- How important is it for financial institutions to know about the company?
How EnergyElephant helps organisations with their ESG strategy
ESG is split into three thematic components: the Environment, Social responsibility, and corporate Governance.
Under the Environmental dimension, key issues include:
- contribution to climate change (and reducing these impacts)
- a company’s utilisation of ‘natural capital’ (such as biodiversity and raw materials sourcing)
- pollution and waste management
- use of green technologies and renewable energy
Under Social:
- health, safety, and human capital development
- product and consumer safety
- community relations
- social opportunities
And, under Governance:
- corporate governance fairness and accountability
- transparency and ethics
Analysing individual metrics within each of these key issue items reveals an organisation’s exposure to particular ESG risks or opportunities.
The platform helps businesses accurately measure, track, and optimise their energy and carbon data.
From reducing energy waste to maximising efficiency, the software allows companies to take control of their energy and carbon data and turn it into actionable insights for meaningful sustainability initiatives and carbon reductions.
Why this recognition matters
With corporate sustainability performance now subject to investor scrutiny, and the transition from voluntary to mandatory sustainability reporting, companies globally are having to adapt their teams, tech stack, and internal controls.
According to the Verdantix Global Corporate Survey 2024: ESG & Sustainability Budgets, Priorities And Tech Preferences, there was a surge of 23% in ESG and sustainability reporting software usage in organisations surveyed from 2023 to 2024.
Inclusion in the ESGFinTech100 list alongside industry leaders that are transforming the ESG landscape underscores the significance of EnergyElephant's technology, and validates its mission and approach. It motivates EnergyElephant to continue delivering innovative tools and resources that make sustainability easier, more accessible, and impactful for organisations of all sizes, and across all industries.
We extend a huge thank you to our customers and users who trust us to guide them on their sustainability journeys. And, of course, to the ESGFinTech100 selection panel for acknowledging the importance of our work to help accelerate decarbonisation efforts globally, in order to achieve the Net Zero future that our planet and people deserve.
If you want to go fast, go alone; if you want to go far, go together
As sustainable business practices and producing investor-grade ESG disclosures on an annual basis become essential to long-term success, decision-makers across sustainability, finance, audit, and risk within large organisations are now far more actively involved in preparing the annual sustainability report.
This collaborative effort requires the creation of new governance models that bring together a wide array of business functions through tech-enabled, cross-functional teams. If you're one of the many large companies, SMEs, or multi-site organisations looking to remove data silos, unify stakeholders, and provide instant access to audit-grade sustainability data in an enterprise-wide platform, EnergyElephant can help.
Free trial & free transition support to move over from existing legacy systems
We offer a free 14-day trial and/or a paid three-month trial, so you can make sure our system meets your requirements before making any significant financial commitment.
Our expert support team also provides free switching/transition support to help move your organisation from an existing legacy system over to EnergyElephant quickly and seamlessly.
Email sales@energyelephant.com and a member of our team will be in touch to show you how our software can help you make data-backed decisions that promote both profitability and sustainability for your organisation.
