Bloomberg, a global leader in financial data and analytics, has made headlines with its latest innovation.
The motivation behind Bloomberg’s new product stems from the growing market demand for sustainable investment tools. With impact investing surpassing $1 trillion in assets and the UN’s funding gap for Sustainable Development Goals (SDGs) widening, Bloomberg’s tool offers timely solutions for investors.
Bloomberg has long been synonymous with financial data and analytics. The company specializes in providing detailed market insights, including data on securities and industries, vital for investors and businesses worldwide.
The newly launched tool by Bloomberg is designed to assess the impact of companies on the UN’s 17 SDGs. It integrates the UN Environmental Programme Finance Initiative (UNEP FI) Sector Impact Map into Bloomberg’s ESG data offerings, enabling a comprehensive analysis of company impacts on various sustainability aspects.
This groundbreaking tool differentiates between positive and negative company impacts across various sectors. By mapping over 500 sectoral activities to impact topics and SDGs, it provides a nuanced view of a company’s sustainable footprint, crucial for informed investment decisions.
Bloomberg’s tool is a significant addition to its ESG data services, encompassing regulatory compliance, climate risk, and sustainable debt. Available on the Bloomberg Terminal and via Bloomberg Data License, it aids in corporate engagement, security selection, and benchmarking.
“Bloomberg’s ESG data, research and analytics help clients mitigate risk and comply with new and emerging regulatory requirements, and pursue investments aligned with their sustainability commitments,” said Patricia Torres, Global Head of Sustainable Finance Solutions at Bloomberg.
“UNEP FI works with the finance industry to mainstream impact analysis and management in business and finance, to help close the SDG funding gap. We have developed a range of impact management tools and resources across the three pillars of sustainable development and across economic sectors and activities, mapping related negative and positive impacts,” said Careen Abb, SDGs and Impact Lead at UNEP FI.
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