Company on Track to Meet Ambitious Renewable Energy Goals by 2020; Aims for 100% Renewable Energy by 2025
Issued by Bloomberg
Bloomberg LP’s sustainable business practices have improved the company’s energy efficiency by 45% since 2008, avoiding more than 1 million metric tonnes of CO2e emissions, according to the company’s 10th annual Impact Report released today. Bloomberg is on target to reach 35% renewable energy use in 2020, continuing on its path of 100% renewable energy by 2025.
NEW YORK, April 11, 2019 — Bloomberg LP’s sustainable business practices have improved the company’s energy efficiency by 45% since 2008, avoiding more than 1 million metric tonnes of CO2e emissions, according to the company’s 10th annual Impact Report released today. Bloomberg is on target to reach 35% renewable energy use in 2020, continuing on its path of 100% renewable energy by 2025.
“We are committed to leading the way in the fight against climate change. In the coming year, we will continue to ramp up our efforts to build a stronger, more resilient global economy,” said Michael R. Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies. “The more we can accelerate investment in projects that both reduce emissions and create jobs, the more progress we can make reducing health and economic risks.” Read his letter here.
In 2018, Bloomberg LP launched two new climate finance initiatives to further complement the company’s work with the FSB Task Force on Climate-related Financial Disclosures (TCFD). The Climate Finance Leadership Initiative (CFLI) and the U.S. Alliance for Sustainable Finance (USASF) are coalitions of influential investors promoting and scaling innovative investment opportunities in the transition to a low-carbon economy. These private sector-led efforts go hand in hand with the work that Mike Bloomberg and Bloomberg Philanthropies are leading to address climate change.
Mary Schapiro, Vice Chair for Global Public Policy at Bloomberg said: “As a result of Bloomberg’s leadership, and our broad and global client base, we have made great strides in mainstreaming sustainable finance. Our success to date is really encouraging. We look forward to accelerating our efforts and collaborating with our partners to lead the financial and business community in its efforts to support the goals of the Paris Agreement.”
More highlights from the 2018 Impact Report include:
“Ten years ago we set out to make our business more sustainable. We looked at opportunities to improve operational efficiencies, financial margins and environmental performance. Fast forward to a decade later, we are on track to meet our ambitious 2020 goals, and we have comprehensively integrated sustainable finance news, data and analytics across our products and services,” said Curtis Ravenel, Global Head of Sustainable Business & Finance at Bloomberg.
The Bloomberg Impact Report outlines the company’s approach to sustainability and the impact of its products, operations, people and partnerships.
A full version of the Impact Report is available at www.bloomberg.com/impact.
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