Tag: Bloomberg

Bloomberg Impact Report 2022: Reducing Our Emissions

Stuart Mitchell

Bloomberg strives to decouple company growth from environmental impact while increasing the efficiency and resiliency of our operations. Our environmental performance targets are aligned with multinational efforts to limit the global temperature rise to 1.5°C above pre-industrial levels and avoid catastrophic climate change. Carbon emissions reductions and targets.  We’re pursuing aggressive emissions reductions in line with best practices. Bloomberg is committed to reducing the company’s greenhouse gas (GHG) emissions in line with a 1.5°C future. Our near-term science-based targets aim for an 80 percent reduction in our absolute Scope 1…

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Global Clean Energy Revenues From Listed Firms Hit $2.56 Trillion in 2022

Stuart Mitchell

In 2022, clean energy activities generated at least $2.56 trillion globally, according to the Clean Energy Exposure Ratings analysis published by BloombergNEF (BNEF). This includes company revenues drawn from clean energy production, and from the manufacturing of key technologies and equipment for clean energy[1]. BNEF’s Clean Energy Exposure Ratings provide investors with transparency about their exposure to the opportunities of the low-carbon transition. They identify and rate 8,182 listed companies with revenue exposure to clean energy activities, from over 50,000 assessed. Just 2,780 explicitly disclose relevant revenue, giving them a…

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Bloomberg Launches New Historically Black College Trading Challenge

Stuart Mitchell

Bloomberg for Education and Bloomberg Human Resources put the finance knowledge of more than 60 students at Historically Black Colleges and Universities (HBCUs) to the test in a new environmental, social, governance (ESG) trading challenge event. This event, called the Bloomberg and HBCU ESG Trading Challenge, is a virtual investment competition taking place entirely on the Bloomberg Terminal. Students from Clark Atlanta University, Howard University, Hampton University, Morehouse College and Morgan State University were among the first group of students to participate. Students invested $1 million virtual US dollars across…

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New £100m fund will tackle inequality among disadvantaged groups and young people

Stuart Mitchell

Funding organisations from across London are uniting to create a £100m fund to support voluntary and community groups to drive change and tackle inequality. Over the next ten years, Propel will support organisations led by and for disadvantaged groups, including young people, women and girls, LGBTQ+ communities, deaf and disabled people, and communities experiencing racial inequality.  The growing collaboration represents public, private, and independent funders, including Bloomberg, City Bridge Trust – the City of London Corporation’s charity funder – The National Lottery Community Fund, the Mayor of London, Sadiq Khan,…

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Bloomberg Publishes 2021 Impact Report Highlighting Its Work to Mobilize the Markets and Company-wide Efforts to Fight Climate Change

Stuart Mitchell

Bloomberg LP published its 2021 Impact Report, which outlines how the company continues to address climate change through its operations and products, philanthropy and collaborations with partners and industry peers. The report also provides details on how Bloomberg continues to invest in an increasingly diverse workforce, and drives change on critical social issues. The report highlights Bloomberg’s efforts to build significant momentum in the lead up to the UN Climate Change Conference (COP26) and how the company is leading efforts to mobilize markets to fight climate change and bring transparency…

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