End of January 2021 UBS – Union Bank of Switzerland – released an in depth study of ten trends for 2021 within sustainable finance. One of them is devoted to sustainable data and the explosive growth of the market for innovative industries providing sustainability data. Encouraging for TrueTwins as an innovative font runner in this domain, it concludes that “ultimately, greater demand for ESG will spur a large industry of innovative data and service providers, one that we believe could be as large as USD 5 billion in annual revenues five years from now.”
The full quote of the central finding reads:
Investment mandates that consider environmental, social and governance (ESG) factors have grown rapidly in recent years, with a further acceleration occurring amid the COVID-19 pandemic. Our work shows that some ESG factors have a significant impact on performance, with carbon considerations particularly present in our analyses. We also expect that investors will increase ESG considerations in their processes, particularly as regulations advance and reporting standards improve, which, in turn, could make performance attribution to ESG easier to assess. Ultimately, greater demand for ESG will spur a large industry of innovative data and services providers, one that we believe could be as large as USD 5 billion in annual revenues five years from now.
If you want to know more on how TrueTwins’ solutions can power and provide state of the art sustainability data, you can contact us here.
The shift in value of sustainable products and assets ties in with rapidly increasing requirements for reporting and disclosure of the carbon footprint of investments.
The EU Commission has moved on March 30th 2022 to propose new rules to request a wide range of physical products on the EU market to be provided with a Digital Product Passport. The Digital Product Passport is required to enhance the end-to-end traceability of a product, completing information provided in product manuals or labels. It …
EU’s Circular Economy Action Plan chime perfectly with the TrueTwins digital passport designed for these very purposes and enabling brands to differentiate themselves in the sustainability space ahead of the regulation now under way.
Market expectations for ESG innovative data and service providers
End of January 2021 UBS – Union Bank of Switzerland – released an in depth study of ten trends for 2021 within sustainable finance. One of them is devoted to sustainable data and the explosive growth of the market for innovative industries providing sustainability data. Encouraging for TrueTwins as an innovative font runner in this domain, it concludes that “ultimately, greater demand for ESG will spur a large industry of innovative data and service providers, one that we believe could be as large as USD 5 billion in annual revenues five years from now.”
The full quote of the central finding reads:
Investment mandates that consider environmental, social and governance (ESG) factors have grown rapidly in recent years, with a further acceleration occurring amid the COVID-19 pandemic. Our work shows that some ESG factors have a significant impact on performance, with carbon considerations particularly present in our analyses. We also expect that investors will increase ESG considerations in their processes, particularly as regulations advance and reporting standards improve, which, in turn, could make performance attribution to ESG easier to assess. Ultimately, greater demand for ESG will spur a large industry of innovative data and services providers, one that we believe could be as large as USD 5 billion in annual revenues five years from now.
If you want to know more on how TrueTwins’ solutions can power and provide state of the art sustainability data, you can contact us here.
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