Managing ESG Data Flow a Growing Challenge for Investors as CSRD Reporting Begins: Bloomberg Survey
Investors are facing a series of ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. data challenges, including coping with coverage and quality issues of reported company sustainability data to managing the increasing volume of information resulting from new regulatory ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. reporting requirements, according to a new survey released business and financial markets information service provider Bloomberg.
For the study, the European ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Data Trends Survey 2024, Bloomberg surveyed over 200 financial market participants Europe, across countries including London, Stockholm, Geneva, Amsterdam, Frankfurt, Paris, and Milan, examining ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. data issues ranging from prioritization and challenges, to data management challenges and practices.
The primary ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. data challenge reported by the market participants in the survey was coverage and quality issues related to reported ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. data, with nearly two thirds (63%) citing this as their top concern, followed by “combining ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. with alternative data,” at a distant second place by 13% of respondents.
While investors view incomplete or low quality data as a concern, many of these issues will likely be addressed with the implementation of the EU’s Corporate Sustainable Reporting Directive (CSRD), although this will likely lead to a new challenge for market participants to manage the growing volume of reported ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. data. Accordingly, 41% of survey respondents reported that their top ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. data management challenge was the need to handle “constantly evolving and new ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. data content,” and another 25% cited linking ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. data content to existing data systems as the biggest challenge.
The survey indicated that many firms are still deciding on how to handle the new growing volume of ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. data. While 38% of respondents reported that ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. data is managed centrally with a proprietary solution, around a third (32%) of respondents said that they are currently managing ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. data using a more decentralized approach, with the data managed individually by business unit, and 20% said that they are still in the process of formulating and ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. data management strategy.
Nadia Humphreys, Head of Sustainable Finance Data Solutions at Bloomberg, said:
“While quality and comparability remain a global challenge, data management is coming into sharp focus for firms in Europe. If firms cannot organize their ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. data, they cannot effectively make decisions using that information.”
Click here to access the survey.
