ESG Data Market Should Exceed $2bn in 2024

The ESG data market grew by 17% in 2023 and is projected to surpass $2 billion in 2024, driven by EU's SFDR and anticipated US SEC regulations like the Climate Disclosure Rule and ESG fund reporting rule, despite legal challenges. Regulations such as the SEC's Climate Disclosure Rule and Europe's CSRD are driving investment in corporate ESG reporting software and services, while ongoing M&A activity among ESG data providers, including both horizontal consolidation and vertical integration, is reshaping market leadership towards MSCI and S&P. Despite political controversies, ESG remains pertinent, evolving with terms like "transition investing" emerging in 2024.

https://www.marketsmedia.com/esg-data-market-should-exceed-2bn-in-2024/