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Laxman Pai, Opalesque Asia: Asset owners are increasingly confident about the availability of data related to environmental, social, and governance (ESG) factors, according to a survey by FTSE Russell, a global index provider.
FTSE Russell's Annual Asset Owners Sustainable Investment Survey found that concerns about the availability of ESG data - and the use of such data - is now considered the sixth-most significant barrier to adopting sustainable investment (SI) practices - dropping from being the No. 1 such concern in 2023.
"Concerns about the availability of ESG data and the use of estimated data has fallen from being the most significant barrier to adopting SI to sixth this year (50 percent in 2023 to 22 percent in 2024)," the report explained.
Historically, concerns about the availability of ESG data were ranked the number one concern for asset owners in 2022 and 2023. The lack of standardization in ESG data, scores, and ratings has dipped from the second to the eighth most important barrier (37 percent in 2023 to 20 percent in 2024).
SI implementation and evaluation is directionally down globally (falling from 80 percent in 2023 to 74 percent in 2024). There is a variance between small and large asset owners with SI implementation being higher for larger asset owners (86 percent), but smaller asset owners (63 percent) are seeing a downward trend.
While ESG data concerns have decreased, asset owners now face new barriers. Nearly 39% of ...................... To view our full article Click here
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