As the volume of ESG data continues to rise, firms are grappling with the best way to manage this information, according to a new Bloomberg survey of approximately 200 financial market participants based in Europe. The survey, taken by respondents from London, Stockholm, Geneva, Amsterdam, Frankfurt, Paris, and Milan throughout 2023, posed questions about ESG data prioritization, challenges, and data management practices.
[caption id="attachment_556587" align="alignnone" width="835"] Bloomberg’s European ESG Data Trends Survey[/caption]
Respondents reported that fulfilling regulatory requirements was the highest priority (35 percent) for accessing ESG data, followed by meeting climate-risk and net-zero objectives (18 percent). Potentially inhibiting these priorities are coverage
