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.