Over 90% of companies plan to increase spending on ESG data

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Here’s an article from “ESG Today”:

More than 90% of executives are expecting to meaningfully increase their spending this year on ESG data, including 18% who expect spending to grow by 50% or more, according to a new survey by business and financial markets information service provider Bloomberg and capital markets consulting and research firm Adox Research.

The plans to increase spending comes as most executives view ESG data as a key competitive factor, with 45% of respondents reporting that access to ESG data is “table stakes” to keeping up with competitors’ capabilities, and 44% saying that ESG data is critical to their firms’ competitive differentiation.