Issued by Bloomberg
Bloomberg LP continues to make progress towards its commitment to net-zero emissions by 2025, according to the company’s 2020 Impact Report. The Impact Report also outlines how Bloomberg is leading efforts to mobilize markets to fight climate change and bring transparency to climate risk data.
Ambitious Emissions Reduction Targets Officially Validated by the Science Based Targets Initiative
Bloomberg Leading Efforts to Mobilize the Markets to Fight Climate Change and Bring Transparency to Climate Risk Data
Bloomberg LP continues to make progress towards its commitment to net-zero emissions by 2025, according to the company’s 2020 Impact Report. As a member of the UN’s Race to Zero campaign, Bloomberg’s ambitious emissions reduction targets are now officially validated by the Science Based Targets initiative (SBTi), the leading global body that assesses the scientifically soundness of private sector climate action. In 2020 Bloomberg also refreshed its materiality assessment and strategy, which is now aligned with the UN Sustainable Development Goals (SDGs).
The Impact Report outlines how Bloomberg is leading efforts to mobilize markets to fight climate change and bring transparency to climate risk data to better understand how climate can impact businesses and economies. Given the global ramifications of the COVID-19 pandemic, the report in particular illustrates Bloomberg’s support for communities and businesses in need throughout the pandemic.
“Despite the enormous challenges of the COVID-19 pandemic, the world is well-positioned to take great steps forward in the fight against climate change,” said Michael R. Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies. “The year ahead can set the stage for a decade of transformational change – but only if we act boldly and urgently. Bloomberg is determined to help lead the way, and this report outlines the progress we're making.” Read his letter here.
Highlights from the 2020 Impact Report include:
Reduce our emissions in line with a 1.5°C future
Support coherent, impactful climate action
Invest in our people
Drive change on critical social issues
The Impact Report is third party verified, is in accordance with the GRI (Global Reporting Initiative) and SASB (Sustainability Accounting Standards Board) frameworks, and integrates the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The 2020 Impact Report can be viewed and downloaded at www.bloomberg.com/impact, along with the GRI Content Index and SASB Disclosures.
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