This week, Fast Company selected Bloomberg Philanthropies as #2 on its list of the “World’s 50 Most Innovative Companies,” reflecting the success of our data-driven approach to solving complex problems and our commitment to making a positive impact on a global scale.

Fast Company writes:

“With $452 million distributed in 2013, Bloomberg Philanthropies is among the largest foundations in the United States, but it distinguishes itself by acting as its namesake, Michael Bloomberg, does–with sophisticated, data-driven solutions for every step of the process, from identifying priorities to monitoring progress to scaling pragmatic solutions. As a result, the foundation has been extraordinarily effective.”

Bloomberg LP and Bloomberg Philanthropies are derived from the same DNA: our shared belief that transparency and openness have the power not just to drive growth in financial markets, but to change the world for the better.

Read the full story in Fast Company.

Contributed by On Bloomberg, Bloomberg LP’s internal newswire.