ESG data demand is on the rise among portfolio managers, with the vast majority planning to substantially increase spending on the resource, according to a Bloomberg survey.
The financial data giant’s ESG Data Acquisition and Management Survey of more than 100 managers and executives found that 92 per cent would boost spending on ESG data by more than 10 per cent and almost a fifth would increase it by 50 per cent.
The survey found, however, that around half of respondents said that contending with new ESG content and managing multiple data feeds was a challenge.
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