Marion Leslie, head financial information, SIX Group, discusses data transparency challenges facing asset managers.
As part of its coverage of Sibos 2022 in Amsterdam, Funds Europe has reached out to financial experts on key topics at the conference. Read more analysis here.
Asset managers looking to make or offer investments that are ESG friendly often identify data transparency and availability as a significant challenge. What can be done to overcome this?
As wealth passes to the next generation of investors, they often look to redeploy it to areas that are more aligned with their personal values and investment philosophies.
Millennial and Generation X investors demand more transparency and insights related to the impacts that their investments can generate. Our recent ‘Future of Finance‘ report (FOFIN), a global study covering over 300 financial institutions, states that 44% of respondents are interested in ESG-related data collection, analysis and reporting services.
The information that these investor groups require to undertake financial and extra-financial analysis for investment decision-making is hence broader and deeper than ever.
Solving the data challenge to uncover a more in-depth understanding of ESG cannot, and will not, be solved by one single data provider. To overcome the ESG data challenges, the industry needs to better align around standards, frameworks and multiple data feeds to address inherent gaps and biases.
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