Following two years of unprecedented growth, the market for ESG data continued its winning streak in 2023, albeit with a more modest year-on-year growth rate of 17%. In a new report – The Market for ESG Data in 2024 – Opimas finds that the global market for ESG data should exceed the US$2 billion mark in 2024.
The US Securities and Exchange Commission’s recent approval of a climate disclosure rule for large corporates (The “Climate Disclosure Rule”) is likely to be followed by the passing of its own ESG fund reporting rule (“ESG Disclosures for Investment Advisers and Investment Companies”). The latter should re-accelerate spending on ESG data in the coming years. However, the former already faces legal challenges.
