New Report from Independent Analyst Firm Names Sphera
Summary
It breaks down information silos to help companies make better business decisions and mitigate risk at the enterprise, operational and product levels. Additionally, as companies face heightened scrutiny on corporate ESG performance, Sphera’s solutions help businesses prepare for regulatory reporting requirements. In an ever-evolving global regulatory landscape, it is essential for companies to have tools that enable them to prepare for reporting requirements, set science-based net zero targets and disclose ESG performance based on data that is transparent, actionable and auditable. Jessica Pransky, principal analyst at Verdantix, said, “The growing number of regulations and increased pressure from stakeholders have made reporting on ESG and sustainability metrics for environmental topics, as well as social and governance issues, an absolute necessity. As a result, ESG reporting and data management software has shifted from being a nice-to-have to a must-have for many corporates.” The Green Quadrant report notes that “Sphera combines its software platform and data content with its consulting branch to help companies navigate and improve their sustainability programs, such as by supporting customers in setting net-zero targets, performing double materiality assessments and providing guidance on corporate sustainability strategies.” The report also highlights Sphera’s history of serving large global firms in high-risk industrial sectors and expansion to consumer services, financial services, and technology.