BLOOMBERG OFFERS INNOVATIVE TOOLS TO MAKE ASSESSING AND DISCLOSING CARBON EMISSIONS EASIER.
The Terminal offers a Portfolio Carbon Footprinting Tool and the Carbon Tracker 2 Degree Scenario Analysis Tool. BloombergNEF, our industry research arm helps users generate opportunities by providing in-depth analysis of four core areas — clean energy, advanced transportation, commodities and emerging technologies.
Through our work with organizations like the FSB Task Force on Climate-related Financial Disclosures (TCFD) and the Sustainability Accounting Standards Board (SASB), we are committed to creating a suite of products and services and helping to develop a market infrastructure that properly values sustainability in the investment decision making process.
In 2017, Bloomberg helped in the development of new climate-related financial disclosure recommendations to promote a smooth transition toward a lower-carbon economy. We’re now calling on businesses to join us in using them. As of September 2018, more than 420 companies, with a combined market capitalization of more than $7.8 trillion, have publicly expressed support for the TCFD recommendations. This includes over 210 financial institutions responsible for nearly $90 trillion in assets.
BLOOMBERG’S PRODUCT-RELATED MISSION 2020 COMMITMENTS:
Bloomberg will integrate climate risk and opportunity analytics across all financial products and asset classes, and expand sustainable finance capabilities into all major industry products and services.
Bloomberg will continue to aid companies in implementing the TCFD recommendations with a goal of 75% of Bloomberg Industry Classification Standards (BICS) 4000 companies in relevant sectors disclosing climate related information consistent with TCFD recommendations.
BLOOMBERG RE-AFFIRMS GOAL OF PROCURING 100% OF OUR ELECTRICITY FROM RENEWABLE SOURCES BY 2025.
We will continue to support and assist other companies in their renewable energy efforts and remain active within NGO organizations, like the Renewable Energy Buyers' Alliance, that assist companies seeking to meet their renewable energy targets.
As of August 2018 Bloomberg has signed Power Purchasing Agreements (PPA) to procure electricity from 4 off-site renewable energy projects. We also host 3 on-site projects.
Bloomberg will constantly investigate and deploy energy smart technologies within our operations.
In 2017 Bloomberg opened our new European Headquarters in London. The building achieved an ‘Outstanding’ rating against the BREEAM sustainability assessment method. Compared to a typical office building, the new Bloomberg building’s environmental strategies deliver a 73% saving in water consumption and a 35% saving in energy consumption and associated CO₂ emissions. Innovative power, lighting, water and ventilation systems account for the majority of energy and water savings.
Our datacenter in upstate New York participated in a beta program for the LEED New Construction Data Center program. It was certified LEED Gold and was the 2nd data center and the 17th project to achieve certification under V4. Bloomberg utilizes air containment, free cooling, variable speed drives on fans and temperature monitoring to enable us to reduce the amount of energy needed to cool the data center by 56%.
To date Bloomberg has 17 projects that have been certified LEED Platinum and 20 projects that have achieved LEED Gold.
BLOOMBERG’S OPERATIONS-RELATED MISSION 2020 COMMITMENTS:
85% of employees to occupy an environmentally-certified space.
Bloomberg will formally verify that our emission reduction commitments reflect science-based requirements.
Bloomberg will commit to and integrate science-based targets. Bloomberg's current commitments to reduce its carbon emissions, including 20% emissions reduction by 2020 and RE100 by 2025, satisfy the reductions required by science-based targets for Bloomberg's sector (Service Buildings) set out in the Sectoral Decarbonization Approach.