Bloomberg survey reveals increasing demand for ESG Data but data management challenges persist
The demand for ESG data is on the rise, according to a new Bloomberg and Adox Research survey of more than 100 portfolio managers, climate risk executives and data management executives. The survey reveals firms’ priorities for ESG data spend as well as approaches to ESG data acquisition and management.
Nearly all executives (92 percent) plan to increase their ESG spending by at least 10 percent, with 18 percent planning to increase their spending by 50 percent or more. The top three areas in which firms are prioritizing this spending are ESG benchmarks and indices (29 percent), company-reported data (23 percent), ESG scores (20 percent), and sustainable debt (19 percent). When asked which criteria were most important for selecting an ESG data provider, data quality ranked first, followed by breadth of coverage.
The survey highlights