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Bright Data ( formerly Luminati Networks ), a leading online data collection platform , has released new research findings that underscore the importance of Environmental , Social and Governance ( ESG ) considerations in investing and demonstrate the importance organisations place on environmental and social impact when doing business .
with 250 – 1,000 employees stated they would definitely change business practices that were found harmful to society , even if it did not make commercial sense to do so . This compares to only 60 % of respondents from organisations with more than 1,000 employees who could say the same thing
• ESG is a key metric for 68 % of organisations with 250 – 1,000 employees , but it ’ s only a key metric for 52 % of organisations with more than 1,000 employees
“ Not only are companies basing their own investment decisions on ESG factors , but investment , private equity and venture capital firms are increasingly factoring in ESG performance metrics from the companies they choose to invest in ,” said Douglas Laney , Innovation Fellow , West Monroe . “ Moreover , many companies are scrambling to determine how to source internal and external data to generate trustworthy metrics and reporting required for the issuance of sustainability bonds .”
“ This kind of information is mission-critical for those companies looking to make prudent long-term investment decisions ,” said Or Lenchner , CEO of Bright Data . “ In today ’ s market , investors require the full picture when making crucial investment decisions and gaining insight from ESG-related data is now a key indicator .
“ This has been made possible by the explosion of alternative data – publicly available information released by or about organisations , online data included . Investors are now using these data sets to form a clear picture of the market and create their strategy moving forwards . The gap between those that use ESG alternative data to inform decision making and those who don ’ t is often vast , and this gap will continue to grow . This is especially true within the investment sector , and any organisations not using it run the risk of being left behind or making the wrong decision .” �
Or Lenchner , CEO , Bright Data
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