Home Finance 95% of buy-side financial services firms across UK, US and Asia looking to improve ESG data management
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

95% of buy-side financial services firms across UK, US and Asia looking to improve ESG data management

by uma


Tidal wave of investment to overcome data availability, comparability, usability and workflow integration, with DaaS models preferred

London, UK – 15th June 2022 – Over nine out of ten (95%) buy-side financial services across the UK, US and Asia are looking to improve their ESG data management, with 80% of firms in total looking to do this within the next year. Additionally, 32% are planning on doing so in the next six months.

These results are among the findings of new research commissioned by Alveo, a leading provider of cloud-based market data management services, which polled executives working for buy-side financial services firms in the UK, US and Asia.

Further findings found that US executives were most confident about a focus on improving ESG data management over the short term, with 36% saying they were looking to improve it over the next six months. Just 28% of respondents in the UK made the same claim. 90% of executives polled across the three territories said they expected their firm’s investment in ESG data management to increase over the next two years, with 57% overall anticipating an over 25% increase in that timeframe.

Almost all firms (98%) are using advanced analytics tools including AI and machine learning in their approach to ESG data management today, although just over a third (35%) are making extensive use of it. Additionally, cost reduction is not high on the list when it comes to ESG priorities, with 39% instead citing data comparability, with 37% naming data availability and 37% highlighting data usability among their top two.

For those that do decide to outsource ESG data management capabilities, the favoured models were Data-as-a-Service (31%), where a third party completes the data collection and validation, and hosting of the data collection and validation with the company’s own staff completing the data cleansing.

Neil Sandle, Head of Product Management at Alveo said, “The volume and range of ESG data sets has grown significantly to address different use cases and to supplement gaps in corporate disclosures. This means that investment management firms face a daunting integration task to ensure they have the complete picture. Firms need to ensure not only that their ESG data management is up to scratch, but that also that a clear approach to data ownership and governance is in place to handle future change and evolving business requirements.”


You may also like