Global ESG market predicted to quadruple by 2030

The global ESG, sustainability & impact measurement & management (IMM) market will quadruple from around $7.7 billion in 2020 to a record $31.2 billion by 2030, according to a new report shared with Net Zero Investor. 

Findings in the report by Indian firm Aspire Impact include that the Americas are at the forefront of the IMM revolution, with a 43% market share, closely followed by Europe at 38%.

Asia-Pacific showed good promise, with much action coming in from India and Singapore, while the Middle East and Africa “had a long journey ahead” to come any closer to the other regions.

Cliff Prior, chief executive at the Global Steering Group for Impact Investment, claimed the report was the first of its kind, acting as a comprehensive analysis of the impact measurement and management industry.

“With the climate crisis already creating substantial harms, particularly to vulnerable populations, we know that investment for positive impact as well as financial return is crucial for all our futures. This report sets out the key “back office” mechanisms that make it possible for these investments to flow.”, said Prior.

Aspire predicts that India’s share in the global IMM market is expected to be around 2% by 2030. Of the 550 industry players profiled for the study, over 50 were based in India.

In October last year, research by think tank Carbon Tracker has found that, despite setting ambitious net-zero targets, a large majority of carbon-intensive companies have not accounted for their financial impact.