September 18, 2023

90% of Executives to Increase ESG Data Spend

New research by Bloomsburg and Adox Research has found that 92% of executives plan to increase their ESG data spend by at least 10% year-on-year, with 18% planning an increase of 50% or more. 

Nearly half of those surveyed (45%) believe that ESG data is required to keep up with competitors, while the other half (44%) believed ESG data gave them a competitive advantage in their industry. 

Interestingly, over 70% of firms take an ad hoc or decentralised approach to ESG data acquisition and management, which is likely why some of the largest pain points included managing evolving data content, managing vendor data feeds, and aligning data to existing entity data. 

Source: Bloomsburg