Environmental, Social, and Governance (ESG) is increasingly playing a big role in an organization’s operations, driven by technological advancements and increased demand for sustainability from stakeholders and regulatory authorities. 2025 is expected to witness increased scrutiny and reporting for greater transparency and accountability.
In light of these changes, it’s important for organizations to adopt ESG tech tools and platforms that can continuously measure and track ESG performance and reporting. One such tool is Conservice, a utility company that has extended its expertise to include ESG for property owners. It is particularly useful for building owners who want to track and report their annual energy and water consumption.
However, Conservice may not fit the requirements of all companies, and this is why, in this article, we dive deep into Conservice’s competitors to help you identify the right fit for your organization.
Overview of Conservice
Conservice is a utility management company in North America that offers specialized ESG services for property owners. It is a comprehensive bill-to-boardroom service, encompassing utility automation, a data-rich ESG platform, and consulting experience. With its array of services, Conservice improves the sustainability and cost-efficiency of operations while attracting investors and tenants to a property. Additionally, it helps meet the compliance requirements of ESG regulations and generate the necessary reports for audits.
Key Features
The key features of Conservice ESG are as follows.
Sustainability Solutions
Improving the sustainability of buildings is one of Conservice’s core features. To this end, it suggests retrofitting existing buildings with sustainability solutions while measuring their effectiveness. Based on the results, owners can optimize their efforts to stay compliant with existing and emerging ESG standards.
Data Integration
Conservice ESG integrates utility data from providers to gain a comprehensive understanding of energy and water usage data. It even provides complete visibility into energy consumption across entire buildings to enable owners to make informed decisions.
Reporting and Compliance
One of the pain points of ESG compliance is measuring sustainability and generating reports that meet the requirements of different standards. Conservice ESG eases both pain points. It allows users to create tailored reports at both property and portfolio levels, while its automated compliance tracking feature reduces the risks of violations. More importantly, it automates the reporting processes for GRESB and ENERGY STAR programs.
Data Management and Visualization
Conservice ESG offers tools for tracking, reporting, and visualizing energy and water usage data for actionable insights. It even integrates waste management data to support comprehensive sustainability strategies.
Performance Optimization
Besides integrating data, Conservice also helps owners use this data for performance optimization. More importantly, it benchmarks portfolio data with weather normalization for accurate comparisons. Additionally, it uses AI to analyze consumption patterns and identify opportunities for operational improvements.
Waste Management
Conservice ESG supports reduction, reuse, recycling, and composting efforts while identifying inefficiencies in waste management practices. It also helps meet Green Loan requirements, leveraging ESG data for financial advantages.
Consulting Services
Another highlight is that Conservice leverages its expertise to provide personalized guidance on materiality assessments, GHG inventories, and reporting framework submissions to improve ESG performance.
While Conservice offers an extensive suite of tools to help organizations manage their utility services and ESG data, it may not meet every business’s unique needs. Different industries and company sizes may require more specialized features or tools that cater to specific reporting or data integration needs. This is where alternatives come in. Let’s explore some top Conservice competitors in the next section.
Top Conservice Competitors
Here, we explore five top competitors to Conservice, offering detailed insights into their key features, advantages, and how they compare.
EnergyCAP
Source: EnergyCAP
EnergyCAP is a comprehensive utility bill generation and energy sustainability management platform that helps track utility usage, bill management, and energy conservation.
Key Features
- Automated bill entry to reduce manual errors and save time.
- Checks bills for discrepancies.
- Provides real-time visualizations of energy.
- Allows organizations to compare their energy performance against similar facilities, identifying areas for improvement.
- Tracks and reports on greenhouse gas emissions associated with energy consumption, supporting sustainability goals.
- Automates the submission of data to ENERGY STAR Portfolio Manager
- Offers customizable reports that can be tailored to meet specific organizational needs
- Supports importing and exporting data for seamless integration with other systems.
- Enables detailed tracking of utility accounts and meters for better management of energy consumption.
Comparison to Conservice
EnergyCAP excels in utility bill management and detailed energy tracking, making it ideal for organizations focused primarily on energy efficiency. Conservice, on the other hand, is more comprehensive as it includes waste management and detailed consulting. Also, EnergyCAP is more focused on saving energy costs while Conservice uses advanced AI to support regulatory compliance, decision-making, and sustainability.
American Utility Management (AUM)
Source: American Utility Management
AUM specializes in utility expense management and energy conservation solutions geared for multifamily housing and commercial properties. It helps property owners and managers optimize their utility expenses and improve energy efficiency through advanced billing and management platforms.
Key Features
- Offers third-party billing services for utilities such as water, sewer, and trash to streamline billing processes.
- Tailors billing methods to meet the unique needs of different properties.
- Provides insights into energy usage, helping property managers benchmark against peers and identify areas for improvement.
- Maximizes cost recovery to reduce operating expenses.
- Automates invoice management.
- Offers data-driven tools for informed decision-making.
- Integrates with RealPage’s Resident Utility Management platform for improved utility management.
Comparison to Conservice
AUM specializes in utility billing for multifamily housing, offering customized billing solutions that cater to the specific needs of property managers. On the other hand, Conservice provides a broader range of services beyond just billing, including comprehensive utility management, data analytics, and sustainability consulting. Moreover, AUM focuses on managing operating costs while Conservice is more about ESG compliance.
Benchmark ESG
Source: Benchmark
Benchmark ESG provides a comprehensive platform for ESG data management, compliance, and performance optimization.
Key Features
- Centralizes and automates the management of ESG data from various operational systems.
- Simplifies the tracking of key performance indicators (KPIs) aligned with global frameworks such as CDP, GRI, SASB, and TCFD.
- Generate tailored reports that meet specific stakeholder needs and regulatory requirements.
- Provides meaningful insights through embedded analytics.
- Facilitates collaboration across different functional teams
- User-friendly platform with a mobile app.
- Uses AI tools to analyze large datasets and identify trends that may impact sustainability efforts.
Comparison to Conservice
Benchmark ESG offers a comprehensive suite of tools for ESG reporting, enabling organizations to align with multiple global standards. It also allows them to compare their performance against industry peers. Conservice is a more comprehensive platform as it also offers utility management and supports compliance with local regulations, making it valuable for property managers.
SAP ESG
Source: SAP
SAP ESG solutions integrate ESG metrics into business operations for compliance and sustainability reporting. Specifically, it measures, manages, and reports sustainability performance.
Key Features
- Collects and reports ESG data across various business units.
- Aligns processes and reporting with global standards like GRI, SASB, and more.
- Provides a single source of truth for ESG metrics.
- Defines and tracks KPIs related to sustainability goals.
- Assesses risks associated with ESG factors.
- Comes with a mobile app.
Comparison to Conservice
SAP ESG is ideal for large enterprises seeking seamless integration with existing SAP systems. However, it may be overly complex and resource-intensive for smaller organizations compared to Conservice’s streamlined approach. Also, Conservice helps with utility management for property owners.
Workiva
Source: Workiva
Workiva is a cloud-based platform for financial, regulatory, and ESG reporting. It streamlines the collection, management, and reporting of business data across various sectors
Key Features
- Integrates financial and non-financial data through its connected platform.
- Supports compliance reporting, SEC filings, risk assessments, and sustainability disclosures.
- Automates routine tasks related to data refreshes and reporting.
- Maintains a comprehensive audit trail of changes made to documents.
- Tracks sustainability goals and financial performance.
Comparison to Conservice
Workiva’s strength lies in financial integration and collaboration, making it a strong contender for organizations requiring detailed financial-ESG reporting. However, it lacks Conservice’s focus on utility-specific functionalities.
Next, we’ll discuss ESG platforms that, while not direct competitors to Conservice, provide valuable tools for specific use cases.
ESG Software Not Direct Alternatives to Conservice
While Conservice combines ESG compliance with utility management, there are other ESG platforms that focus on different aspects of ESG reporting and performance. Given that they serve different audiences, they are not direct replacements for Conservice’s utility-focused solutions. Rather, they come in handy for specific use cases.
Here’s a look at a few tools that fall into this category.
CDP (Carbon Disclosure Project)
Source: Carbon Disclosure Project
CDP supports environmental disclosures, with a focus on carbon emissions, water usage, and deforestation impacts. It enables businesses to report their environmental data to stakeholders, but its tools are more suited for sustainability reporting than for managing utilities or optimizing consumption. Unlike Conservice, CDP does not offer detailed utility management features or consumption tracking.
Bloomberg
Source: Bloomberg
Bloomberg’s ESG platform is well-known for delivering financial data and analytics, enabling investors to assess environmental, social, and governance risks across sectors. It helps organizations track their sustainability performance, but it lacks the comprehensive utility management and energy consumption tracking functionalities that Conservice offers. While Bloomberg is well-suited for financial ESG reporting, it does not focus on utility data management, making it less applicable for property owners and managers who require real-time energy and water usage insights.
Thomson Reuters
Source: Thomson Reuters
Thomson Reuters provides robust ESG data and reporting solutions, targeting financial institutions and investors. Its platform helps assess corporate sustainability practices and integrate data for financial analysis and risk management. However, it does not include tools for tracking energy consumption, water usage, or waste management, which are central to Conservice’s platform. Organizations seeking specialized utility management and ESG reporting will find Thomson Reuters more focused on broader financial risk, rather than the specific needs addressed by Conservice.
While CDP, Bloomberg, and Thomson Reuters offer valuable ESG tools, they are not direct replacements for Conservice’s specialized utility management and consumption tracking capabilities. These platforms focus more on broader ESG reporting, data analytics, and financial risk assessment, which are important but do not cater to the specific utility and waste management requirements that Conservice addresses.
Final Thoughts
When evaluating alternatives to Conservice, make sure to match your organization’s needs with the right platform. While Conservice provides robust utility management and ESG reporting solutions, other tools like EnergyCAP, American Utility Management, and Benchmark ESG may offer more tailored features for specific business requirements. Consider your organization’s size, reporting demands, and focus areas when evaluating Conservice’s competitors and alternatives.