Bloomberg published its eighth Impact Report, which highlights the integration of sustainability into our products, communities and operations, as well as the progress we’ve made towards our 2020 targets.
The Impact Report focuses on three specific sections:
- Our efforts in mainstreaming sustainable finance and business considerations through the Bloomberg Professional service (the Terminal), and our Vertical and Media businesses;
- Our employee engagement and social impact initiatives led by our Philanthropy & Engagement, Diversity & Inclusion and Benefits & Wellness teams;
- Our operational sustainability efforts, including our progress towards procuring 100% of our electricity from renewable sources by 2025
The report also features an introductory letter from Mike Bloomberg, and includes four case studies. One of the case studies – Investment in Market Infrastructure – showcases the company’s thought leadership in driving decision-useful sustainability disclosures for the investment community. It highlights the work being done by the Sustainability Accounting Standards Board (SASB) and the FSB Task Force on Climate-related Financial Disclosures (TCFD), both of which are chaired by Mike Bloomberg.
As in previous years, the report has been third party verified, and is in accordance with GRI (Global Reporting Initiative) and SASB (Sustainability Accounting Standards Board) frameworks.
Here are a few highlights from the 2016 Impact Report:
- The number of customers using environmental, social and governance (ESG) data has more than doubled since 2012.
- Bloomberg has introduced greater transparency into the quality of green bonds issuers’ disclosures. In 2016, $95 billion of new green bonds were issued, nearly doubling the previous record of $48 billion in 2015.
- Bloomberg launched the Bloomberg Financial Services Gender Equality Index (BFGEI), a first-of-its kind reference index measuring the performance of global financial service companies recognized for supporting both data disclosure and best-in-class policies and practices in the gender equality space.
- Over 11,000 Bloomberg employees volunteered 128,730 hours at over 1,700 organizations in 74 cities around the world.
- Bloomberg was names one of the “Best Places to Work” for LGBT equality by the Human Rights Campaign Foundation.
- Environmental impact management has helped the company to eliminate 685,489 tonnes of CO₂e (41% of CO₂e intensity reduction) and avoid $95 million in operating costs since 2008.
- Bloomberg has completed four solar projects—two last year, including our first wind project—
that have generated more than 15,000 megawatt hours and saved more than $1 million.
Read the full report at www.bloomberg.com/bcause
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