The Impact Report 2016 Of Bloomberg Presents ‘Integration Of Sustainability’

Dailycsr.com – 30 April 2017 – Bloomberg’s “eighth Impact Report” is now out that underscores “integration of sustainability” in its products and operations besides reflecting in the communities.

Furthermore, the report also enlists the progress made by the company in delivering its “2020 targets”. Below are three “specific sections” that holds the Impact Report’s attentions, as mentioned by Ethical Performance:

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

In fact, Mike Bloomberg’s introductory letter also finds a place in the report besides detailing on “four case studies” conducted by the company. One of them, under the name of “Investment in Market Infrastructure”, deals with Bloomberg’s “thought leadership” in the “investment community” for heralding the “decision-useful sustainability disclosures”.

Additionally, the report also brings to light the “work being done by the Sustainability Accounting Standards Board (SASB) and the FSB Task Force on Climate-related Financial Disclosures (TCFD)”. Both the boards’ chairperson is Mike Bloomberg.

Keeping the standard of its past year’s reports, the recent one also has been verified third party and has been constructed under the GRI guidelines and the frameworks presented by the “Sustainability Accounting Standards Board”. The Impact Report 2016’s highlights feature, as mentioned by Ethical Performance:

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.

References:
ethicalperformance.com

The Impact Report 2016 Of Bloomberg Presents ‘Integration Of Sustainability’

Check out the progress chart of Bloomberg in delivering its “2020 targets” and more.