Utilization of ESG data in the Financial Industry 

Due to regulatory requirements and increasing market demand, the use of ESG (Environmental, Social, Governance) data is becoming increasingly important. Numerous ecological and social sustainability indicators are available to steer and shape financial products. But how do financial service providers integrate this data, and what objectives are pursued in the process? In collaboration with industry partners, we are conducting a scientific investigation on this matter. In contrast to other studies, we subject various market participants – banks, asset managers, insurance companies, other financial service providers, and institutional investors – to a comparative analysis. The goal is to identify the current state and challenges while exploring the influences of different regulatory frameworks.