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Industry Research
ESG Ratings Industry Research Report 2026
Market perspective
The global ESG Ratings market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
North America: the ESG Ratings market is projected to increase from US$ million in 2026 to US$ million by 2032, reflecting a CAGR of % over 2026–2032. Europe: the ESG Ratings market is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032. Asia Pacific: the ESG Ratings market is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032. Leading global service providers of ESG Ratings include Morgan Stanley, Morningstar, Inc., S＆P Global, FTSE Russell, Bloomberg, Moody's Corporation, Hearst Communications, Inc., Deutsche Börse Group and EcoVadis, among others; in 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
Read the full market overview
This report quantifies the global ESG Ratings market in terms of revenue (US$ million) and, where applicable, service volume (k units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to ESG Ratings.
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
ESG Ratings Market by Company
Morgan Stanley
Morningstar, Inc.
S＆P Global
FTSE Russell
Bloomberg
Moody's Corporation
Hearst Communications, Inc.
Deutsche Börse Group
EcoVadis
Arabesque
Exceet Group
London Stock Exchange Group
HIP Investor
FactSet
Corporate Knights
Syntao Green Finance
Susallwave
RKS
Governance Solutions Group
Nikkei
ESG Ratings Segment by Type
Issue-specific ESG scores
Category-specific ESG scores
General ESG scores
ESG Ratings Segment by Application
Supervision
Investment
Communication
ESG Ratings Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global ESG Ratings market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of ESG Ratings and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of ESG Ratings.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of ESG Ratings companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Issue-specific ESG scores
- Category-specific ESG scores
- General ESG scores
Applications
- Supervision
- Investment
- Communication
Companies covered
- Morgan Stanley
- Morningstar, Inc.
- S＆P Global
- FTSE Russell
- Bloomberg
- Moody's Corporation
- Hearst Communications, Inc.
- Deutsche Börse Group
- EcoVadis
- Arabesque
- Exceet Group
- London Stock Exchange Group
- HIP Investor
- FactSet
- Corporate Knights
- Syntao Green Finance
- Susallwave
- RKS
- Governance Solutions Group
- Nikkei
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 ESG Ratings by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Issue-specific ESG scores
- 2.2.3 Category-specific ESG scores
- 2.2.4 General ESG scores
- 2.3 ESG Ratings by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Supervision
- 2.3.3 Investment
- 2.3.4 Communication
- 2.4 Assumptions and Limitations
3 ESG Ratings Breakdown Data by Type
- 3.1 Global ESG Ratings Historic Market Size by Type (2021-2026)
- 3.2 Global ESG Ratings Forecasted Market Size by Type (2027-2032)
4 ESG Ratings Breakdown Data by Application
- 4.1 Global ESG Ratings Historic Market Size by Application (2021-2026)
- 4.2 Global ESG Ratings Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global ESG Ratings Market Perspective (2021-2032)
- 5.2 Global ESG Ratings Growth Trends by Region
- 5.2.1 Global ESG Ratings Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 ESG Ratings Historic Market Size by Region (2021-2026)
- 5.2.3 ESG Ratings Forecasted Market Size by Region (2027-2032)
- 5.3 ESG Ratings Market Dynamics
- 5.3.1 ESG Ratings Industry Trends
- 5.3.2 ESG Ratings Market Drivers
- 5.3.3 ESG Ratings Market Challenges
- 5.3.4 ESG Ratings Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top ESG Ratings Players by Revenue
- 6.1.1 Global Top ESG Ratings Players by Revenue (2021-2026)
- 6.1.2 Global ESG Ratings Revenue Market Share by Players (2021-2026)
- 6.2 Global ESG Ratings Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of ESG Ratings Head Office and Area Served
- 6.4 Global ESG Ratings Players, Product Type & Application
- 6.5 Global ESG Ratings Manufacturers Established Date
- 6.6 Global ESG Ratings Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America ESG Ratings Market Size (2021-2032)
- 7.2 North America ESG Ratings Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America ESG Ratings Market Size by Country (2021-2026)
- 7.4 North America ESG Ratings Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe ESG Ratings Market Size (2021-2032)
- 8.2 Europe ESG Ratings Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe ESG Ratings Market Size by Country (2021-2026)
- 8.4 Europe ESG Ratings Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific ESG Ratings Market Size (2021-2032)
- 9.2 Asia-Pacific ESG Ratings Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific ESG Ratings Market Size by Country (2021-2026)
- 9.4 Asia-Pacific ESG Ratings Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America ESG Ratings Market Size (2021-2032)
- 10.2 South America ESG Ratings Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America ESG Ratings Market Size by Country (2021-2026)
- 10.4 South America ESG Ratings Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa ESG Ratings Market Size (2021-2032)
- 11.2 Middle East & Africa ESG Ratings Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa ESG Ratings Market Size by Country (2021-2026)
- 11.4 Middle East & Africa ESG Ratings Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 Morgan Stanley
- 12.1.1 Morgan Stanley Company Information
- 12.1.2 Morgan Stanley Business Overview
- 12.1.3 Morgan Stanley Revenue in ESG Ratings Business (2021-2026)
- 12.1.4 Morgan Stanley ESG Ratings Product Portfolio
- 12.1.5 Morgan Stanley Recent Developments
- 12.2 Morningstar, Inc.
- 12.2.1 Morningstar, Inc. Company Information
- 12.2.2 Morningstar, Inc. Business Overview
- 12.2.3 Morningstar, Inc. Revenue in ESG Ratings Business (2021-2026)
- 12.2.4 Morningstar, Inc. ESG Ratings Product Portfolio
- 12.2.5 Morningstar, Inc. Recent Developments
- 12.3 S＆P Global
- 12.3.1 S＆P Global Company Information
- 12.3.2 S＆P Global Business Overview
- 12.3.3 S＆P Global Revenue in ESG Ratings Business (2021-2026)
- 12.3.4 S＆P Global ESG Ratings Product Portfolio
- 12.3.5 S＆P Global Recent Developments
- 12.4 FTSE Russell
- 12.4.1 FTSE Russell Company Information
- 12.4.2 FTSE Russell Business Overview
- 12.4.3 FTSE Russell Revenue in ESG Ratings Business (2021-2026)
- 12.4.4 FTSE Russell ESG Ratings Product Portfolio
- 12.4.5 FTSE Russell Recent Developments
- 12.5 Bloomberg
- 12.5.1 Bloomberg Company Information
- 12.5.2 Bloomberg Business Overview
- 12.5.3 Bloomberg Revenue in ESG Ratings Business (2021-2026)
- 12.5.4 Bloomberg ESG Ratings Product Portfolio
- 12.5.5 Bloomberg Recent Developments
- 12.6 Moody's Corporation
- 12.6.1 Moody's Corporation Company Information
- 12.6.2 Moody's Corporation Business Overview
- 12.6.3 Moody's Corporation Revenue in ESG Ratings Business (2021-2026)
- 12.6.4 Moody's Corporation ESG Ratings Product Portfolio
- 12.6.5 Moody's Corporation Recent Developments
- 12.7 Hearst Communications, Inc.
- 12.7.1 Hearst Communications, Inc. Company Information
- 12.7.2 Hearst Communications, Inc. Business Overview
- 12.7.3 Hearst Communications, Inc. Revenue in ESG Ratings Business (2021-2026)
- 12.7.4 Hearst Communications, Inc. ESG Ratings Product Portfolio
- 12.7.5 Hearst Communications, Inc. Recent Developments
- 12.8 Deutsche Börse Group
- 12.8.1 Deutsche Börse Group Company Information
- 12.8.2 Deutsche Börse Group Business Overview
- 12.8.3 Deutsche Börse Group Revenue in ESG Ratings Business (2021-2026)
- 12.8.4 Deutsche Börse Group ESG Ratings Product Portfolio
- 12.8.5 Deutsche Börse Group Recent Developments
- 12.9 EcoVadis
- 12.9.1 EcoVadis Company Information
- 12.9.2 EcoVadis Business Overview
- 12.9.3 EcoVadis Revenue in ESG Ratings Business (2021-2026)
- 12.9.4 EcoVadis ESG Ratings Product Portfolio
- 12.9.5 EcoVadis Recent Developments
- 12.10 Arabesque
- 12.10.1 Arabesque Company Information
- 12.10.2 Arabesque Business Overview
- 12.10.3 Arabesque Revenue in ESG Ratings Business (2021-2026)
- 12.10.4 Arabesque ESG Ratings Product Portfolio
- 12.10.5 Arabesque Recent Developments
- 12.11 Exceet Group
- 12.11.1 Exceet Group Company Information
- 12.11.2 Exceet Group Business Overview
- 12.11.3 Exceet Group Revenue in ESG Ratings Business (2021-2026)
- 12.11.4 Exceet Group ESG Ratings Product Portfolio
- 12.11.5 Exceet Group Recent Developments
- 12.12 London Stock Exchange Group
- 12.12.1 London Stock Exchange Group Company Information
- 12.12.2 London Stock Exchange Group Business Overview
- 12.12.3 London Stock Exchange Group Revenue in ESG Ratings Business (2021-2026)
- 12.12.4 London Stock Exchange Group ESG Ratings Product Portfolio
- 12.12.5 London Stock Exchange Group Recent Developments
- 12.13 HIP Investor
- 12.13.1 HIP Investor Company Information
- 12.13.2 HIP Investor Business Overview
- 12.13.3 HIP Investor Revenue in ESG Ratings Business (2021-2026)
- 12.13.4 HIP Investor ESG Ratings Product Portfolio
- 12.13.5 HIP Investor Recent Developments
- 12.14 FactSet
- 12.14.1 FactSet Company Information
- 12.14.2 FactSet Business Overview
- 12.14.3 FactSet Revenue in ESG Ratings Business (2021-2026)
- 12.14.4 FactSet ESG Ratings Product Portfolio
- 12.14.5 FactSet Recent Developments
- 12.15 Corporate Knights
- 12.15.1 Corporate Knights Company Information
- 12.15.2 Corporate Knights Business Overview
- 12.15.3 Corporate Knights Revenue in ESG Ratings Business (2021-2026)
- 12.15.4 Corporate Knights ESG Ratings Product Portfolio
- 12.15.5 Corporate Knights Recent Developments
- 12.16 Syntao Green Finance
- 12.16.1 Syntao Green Finance Company Information
- 12.16.2 Syntao Green Finance Business Overview
- 12.16.3 Syntao Green Finance Revenue in ESG Ratings Business (2021-2026)
- 12.16.4 Syntao Green Finance ESG Ratings Product Portfolio
- 12.16.5 Syntao Green Finance Recent Developments
- 12.17 Susallwave
- 12.17.1 Susallwave Company Information
- 12.17.2 Susallwave Business Overview
- 12.17.3 Susallwave Revenue in ESG Ratings Business (2021-2026)
- 12.17.4 Susallwave ESG Ratings Product Portfolio
- 12.17.5 Susallwave Recent Developments
- 12.18 RKS
- 12.18.1 RKS Company Information
- 12.18.2 RKS Business Overview
- 12.18.3 RKS Revenue in ESG Ratings Business (2021-2026)
- 12.18.4 RKS ESG Ratings Product Portfolio
- 12.18.5 RKS Recent Developments
- 12.19 Governance Solutions Group
- 12.19.1 Governance Solutions Group Company Information
- 12.19.2 Governance Solutions Group Business Overview
- 12.19.3 Governance Solutions Group Revenue in ESG Ratings Business (2021-2026)
- 12.19.4 Governance Solutions Group ESG Ratings Product Portfolio
- 12.19.5 Governance Solutions Group Recent Developments
- 12.20 Nikkei
- 12.20.1 Nikkei Company Information
- 12.20.2 Nikkei Business Overview
- 12.20.3 Nikkei Revenue in ESG Ratings Business (2021-2026)
- 12.20.4 Nikkei ESG Ratings Product Portfolio
- 12.20.5 Nikkei Recent Developments
13 Report Conclusion
14 Disclaimer
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