{"id":46390,"date":"2022-09-21T09:38:14","date_gmt":"2022-09-21T13:38:14","guid":{"rendered":"https:\/\/www.bloomberg.com\/professional\/insights\/sustainable-finance\/reframing-esg-empowering-investment-decision-making\/"},"modified":"2024-04-24T13:54:08","modified_gmt":"2024-04-24T17:54:08","slug":"reframing-esg-empowering-investment-decision-making","status":"publish","type":[3762],"link":"https:\/\/www.bloomberg.com\/professional\/insights\/sustainable-finance\/reframing-esg-empowering-investment-decision-making\/","title":{"rendered":"Reframing ESG: Empowering investment decision-making"},"content":{"rendered":"<div  class=\"bbg-row-container\">\n    <style>section[data-anchor=row-69fe42f75b6ae]::before {\n\t\t\t\tbackground-color: #eeeeee;\n\t\t\t}<\/style>\n    <section class=\"bbg-row bg--custom-color  bg--eeeeee text--black bbg-row--full-bg-bleed\" data-anchor='row-69fe42f75b6ae'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8 bbg-column--valign-bottom\"\n    style=\"\"\n    >\n    <p>    <ul class=\"bbg-categories_list\">\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/sustainable-finance\/\" rel=\"category tag\">\n                    Sustainable Finance\n                <\/a>\n            <\/li>\n                    <li>\n                <a href=\"https:\/\/www.bloomberg.com\/professional\/insights\/category\/trading\/\" rel=\"category tag\">\n                    Trading\n                <\/a>\n            <\/li>\n            <\/ul>\n<div\n    class=\"bbg-spacer\"\n        style=\"height: 24px !important\"\n    >\n<\/div>    <h1 class=\"bbg-metadata bbg-metadata--title\">Reframing ESG: Empowering investment decision-making<\/h1>\n<\/p>\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-69fe42f7621b0'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <p><div\n    class=\"bbg-spacer\"\n        style=\"height: 40px !important\"\n    >\n<\/div><div\n\tclass=\"bb-wysiwyg byline\"\n\t\t>\n\t<p><strong>Sunday Times <\/strong><\/p>\n\n<\/div>\n    <p class=\"bbg-metadata bbg-metadata--date\">September 21, 2022<\/p>\n<\/p>\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none bbg-row--full-bg-bleed\" data-anchor='row-69fe42f764a6c'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <p><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p>According to a recent report by the New Climate Economy, transitioning to net zero is set to deliver up to $26tn in investment and job creation opportunities by 2030. But unless investors are using a reliable platform to help them sift through rhetoric and company promises, they are left without a holistic picture to correctly assess opportunities.<\/p>\n<p>For instance, take a cement company that naturally has high carbon emissions. To reduce emissions, this company then launches a project to offset carbon emissions and issues a sustainability-linked bond to finance this project. As a result, this company looks on track to meet both its targets and government legislation and investing in this company\u2019s stock or in this bond suddenly looks pretty favourable to an investment firm.<\/p>\n\n<\/div>\n<div class=\"bbg-interstitial\" aria-label=\"interstitial\" tabindex=\"0\">\n\t<style>\n\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\tbackground:rgba(0,0,0,0);\n\t\t\tpadding: 104px;\n\t\t\t\n\t\t\t\n\t\t}\n\t\t.bbg-interstitial #card_1.bbg-card_hasCta .bbg-card__content, .bbg-interstitial #card_1.bbg-card_hasCta .bbg-card__content p{\n\t\t\tcolor:inherit;\n\t\t}\n\t\t@media (max-width: 768px) {\n\t\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 32px;\n\t\t\t}\n\t\t}\n\t\t@media (max-width: 480px) {\n\t\t\t.bbg-interstitial #card_1.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 18px;\n\t\t\t}\n\t\t}\n\t<\/style>\n\t<div class=\"wpb_content_element bbg-card  bbg-card-dark bbg-card_hasCta has_interstitial\" id=\"card_1\" data-card_type=\"no_image\">\n  \n  \n  <div class=\"bbg-card__innerwrapper\">\n    <div class=\"bbg-card__content\">\n      \n      \n                      <h3 class=\"bbg-card__title\">Start unlocking ESG opportunities with our monthly newsletter.<\/h3>\n      \n              <div class=\"bbg-card__wysiwyg bb-wysiwyg\"><p>Subscribe now.<\/p>\n<\/div>\n          <\/div>\n\n          \n<div\n  id=\"cta_7269774255640140805\"\n  class=\"wpb_content_element bbg-cta icon icon-arrow\">\n  <style>\n    \n    \n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p right\">\n      <a\n        class=\"bbg-cta-link link interstitial_cta\"\n        href=\"https:\/\/www.bloomberg.com\/professional\/insights\/newsletter\/\"\n        target=\"\"\n        rel=\"\"\n        data-section-name=\"\"\n                role=\"button\"\n        aria-label=\"Learn more\"\n        >\n                <\/a>\n    <\/p>\n  <\/div>\n<\/div>\n\n      <\/div>\n\n  <\/div>\n\n<\/div>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p>Good investment, right? Not necessarily, says Patricia Torres, global head of sustainable finance solutions at Bloomberg LP.<\/p>\n<p>\u201cWhen Bloomberg calculates a carbon intensity score for this company to help investors compare it with peers, we don\u2019t take into account this carbon offset,\u201d she says. \u201cWe base our scores on how much companies actually emit, so cement companies that emit less compare better to others. Also, investment firms in the EU, or who market their funds in the EU, need to report to clients how much of their portfolio aligns with the EU\u2019s taxonomy of sustainable activities, which provides clear definitions for which activities are sustainable.\u201d<\/p>\n<blockquote>\n<p>&#8220;We help investors understand a company\u2019s carbon footprint and compare it to peers based on a range of different ESG criteria&#8221;<\/p>\n<\/blockquote>\n<p>Bloomberg\u2019s ESG investing capabilities and data platform can place a company\u2019s sustainability plans in a wider, global context showing investors how much of the company\u2019s activities will meet wider policy, in the case of the cement company, the EU taxonomy. Torres says: \u201cIn this example, for this company to pass the test the carbon intensity per tonne of cement it produces needs to be lower than 0.469 tCO2e. The taxonomy also allows offsets to be counted under some conditions. This shows why investors need solutions that provide them with a holistic\u00a0picture.\u201c<\/p>\n<p>Bloomberg can help investors uncover unexpected findings and investment opportunities as well as shine a light on poor investments. The provider recently launched a government climate scores screen that helps investors understand not only the emissions outlook for a country, but also how well it is doing compared to other countries in terms of carbon transition, power sector transition and climate\u00a0policies.<\/p>\n<p>\u201cInterestingly, China, which represents 35% of global CO2 emissions, has a relatively low score compared to other heavy emitters like the United States,\u201d says Torres. \u201cInvestors can easily find out how different countries are transitioning, and that China is a leader in the development of solar and wind power\u00a0capacity.\u201d<\/p>\n<p>She adds that data rom the company\u2019s BloombergNEF (BNEF) analysts shows that China accounted for 53% of global investments in renewable energy in the first half of 2022. \u201cThis impact can be seen now in the Shanghai Shenzhen CSI 300 Index, which has 15 companies in the renewable energy sector today, versus seven last\u00a0year.\u201d<\/p>\n<p>While evidence indicates that climate change is real, ESG investors everywhere suffer from a lack of quality data to do anything about it, missing anything from how much greenhouse gas corporates emit to how they will be affected by physical risks caused by extreme weather conditions, or transition risks such as government schemes to support green energy production, or innovation in the clean tech\u00a0space.<\/p>\n<p>\u201cAs we say at Bloomberg, \u2018You can\u2019t manage what you can\u2019t measure,\u2019\u201d says\u00a0Torres.<\/p>\n<p>ESG assets under management are anticipated to reach $50tn by 2025, says Bloomberg Intelligence, as corporates seek to adapt to severe climate-related weather impacts such as rising sea levels, heatwaves and droughts, or mitigate those risks by shifting their production to satisfy government regulation, especially with the Paris agreement attempting to halve global emissions by 2030 and limit global warming to 1.5 degrees Celsius\u00a0by end of the\u00a0century.<\/p>\n<p>However, according to Harvard Business Review, 70% of corporations are not even confident in the ESG data they disclose. With that in mind, Bloomberg is taking action by driving industry collaboration through the Task Force on Climate-related Financial Disclosures and the Glasgow Financial Alliance for Net Zero. This will provide comparable data from companies to assess how they will be affected by physical and transition risks.<\/p>\n<p>Torres says: \u201cOur data solutions help investors understand a company\u2019s carbon footprint and compare it to peers based on a range of different ESG criteria and also assess if it is on track to reach its climate targets and its exposure to climate risks. Bloomberg also provides tools to help investors assess their investments and reporting obligations in line with sustainable finance regulations, which are no longer box ticking exercises, but require investors to shift their investment strategies and decision-making.\u201d<\/p>\n<p>This ESG data is also reviewed to Bloomberg\u2019s editorial standards making sure it is fully transparent \u2013 investors simply need to click to get to the source document of the data \u2013 and has real breadth, ensuring each profile covers 80% of operations or employees. Beyond climate change data, Bloomberg is also working to help investors understand wider environmental and social impacts of companies, e.g. on water and biodiversity, or on their diversity, equity and inclusion practices and interactions with the communities in which they\u00a0operate.<\/p>\n<p>\u201cWe also provide ESG indices that fund managers use to benchmark their portfolios or launch ETFs,\u201d says Torres. \u201cMany fund managers, mainly in Europe and the UK, shifted their investments to Paris-aligned benchmarks, which are based on methodologies aligned with EU benchmark regulation. It\u2019s important to be rigorous when selecting a benchmark, to make sure it is based on credible data, uses rigorous methodologies, and a clear, well-defined process for how companies are included or\u00a0excluded.\u201d<\/p>\n<p>Understanding the rapidly changing climate and its impact on companies and their long-term outlooks, investors will need to turn to reliable sources of data and analysis in order to make educated decisions around investments.<\/p>\n<p><i><span style=\"font-weight: 400\">This article is reproduced from Raconteur&#8217;s &#8220;Sustainable Investment&#8221; report.\u00a0<\/span><\/i><\/p>\n\n<\/div>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <style>section[data-anchor=row-69fe42f769f3a]::before {\n\t\t\t\tbackground-color: #eeeeee;\n\t\t\t}<\/style>\n    <section class=\"bbg-row bg--custom-color  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Now, let us do that for you.<\/p>\n<\/div>\n          <\/div>\n\n          \n<div\n  id=\"cta_6643181777145993055\"\n  class=\"wpb_content_element bbg-cta icon icon-arrow\">\n  <style>\n    \n    \n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p right\">\n      <a\n        class=\"bbg-cta-link link interstitial_cta\"\n        href=\"https:\/\/www.bloomberg.com\/professional\/request-demo\/\"\n        target=\"\"\n        rel=\"\"\n        data-section-name=\"\"\n                role=\"button\"\n        aria-label=\"Learn more\"\n        >\n                <\/a>\n    <\/p>\n  <\/div>\n<\/div>\n\n      <\/div>\n\n  <\/div>\n\n<\/div>\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Transitioning to net zero is set to deliver up to $26tn in investment and job creation opportunities by 2030.<\/p>\n","protected":false},"author":1820,"featured_media":39974,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"template-article.php","format":"standard","meta":{"_yoast_wpseo_primary_category":"524","footnotes":""},"categories":[524,444],"tags":[814],"series":[],"class_list":["post-46390","post","type-post","status-publish","format-standard","hentry","category-sustainable-finance","category-trading","tag-814","type-article"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.11 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reframing ESG: Empowering investment decision-making | Insights | Bloomberg Professional Services<\/title>\n<meta name=\"description\" content=\"Transitioning to net zero is set to deliver up to $26tn in investment and job creation opportunities by 2030.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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