Bloomberg - Bloomberg Sustainable Finance Solutions

Data category

  • Environmental data
  • Governance data
  • Indices/Exchange data
  • Rankings
  • Social data

Brief description of the data offering

Bloomberg is at the forefront of promoting a global sustainable financial system by working with investors, policymakers and international institutions to drive ESG initiatives forward. Bloomberg helps firms set and manage sustainable investment targets and account for ESG-related risks by providing quality and transparent ESG data, analytics, research and tools.

Company reported data: Bloomberg provides company reported ESG data on 13,000+ companies and 474,000+ securities in 100+ countries, which represents 88% of global market cap. As of June 2022, Bloomberg covers 3,700+ ESG data fields including from third-party providers.

GHG data and estimates: Given the pivotal role of greenhouse gas (GHG) data but limited corporate disclosure, Bloomberg developed a machine learning-based model leveraging 800+ data points to estimate emissions. Bloomberg provides robust estimates of scope 1 and 2 emissions for 50,000+ companies and scope 3 estimates for oil & gas, metals & mining and service industries with more coverage to come.

ESG regulatory tools: Bloomberg delivers the data, estimates and tools to help clients comply with the Sustainable Finance Disclosure Regulation (SFDR), the EU Taxonomy and the Paris Aligned Benchmarks. Bloomberg also offers portfolio modeling tools aligned with the Task Force on Climate-related Financial Disclosures.

Scores: Bloomberg’s proprietary and third-party ESG scores enable investors to evaluate disclosure, performance and benchmark activities. Bloomberg scores are data-driven and fully transparent, allowing users to examine the methodology and underlying company-reported data.

Proprietary research: Bloomberg Intelligence (BI) and BloombergNEF (BNEF) offer proprietary, in-depth industry and economic research, data, analysis and long-term forecasts.

ESG indices: Bloomberg’s suite of ESG indices and customization capabilities help investors address sustainable finance initiatives across asset classes, such as the recently launched EU Paris-Aligned Benchmarks. Bloomberg also partners with external providers of ESG ratings, frameworks and data to create custom index alternatives to meet the diverse needs of investors.

Bloomberg ESG Solutions

The data offers solutions for:

  • Carbon footprinting
  • Climate scenario analysis
  • Environmental impact analysis and insight
  • Investment decisions and portfolio insight
  • Reporting: CSRD
  • Reporting: EU Regulations
  • Reporting: Impact
  • Reporting: SFDR
  • Reporting: TCFD
  • Reporting: UN SDGs
  • Social impact analysis and insight

Where and how do you source your data?

Bloomberg incorporates ESG data and scores from multiple sources so firms can look at ESG holistically and in combination with other data factors.

Bloomberg captures ESG data from companies’ annual reports, integrated annual reports, sustainability reports, stewardship or corporate governance reports, AGM results, sustainability-related press releases, policy documents, websites, policies reported at an entity/activity level, and other publicly available documents. Bloomberg also captures fund disclosed information, holdings, general objective and SFDR classification details.

Bloomberg’s global team of ESG analysts run multi-layer quality controls to clean and standardize inconsistent company reporting to the highest standard. Bloomberg ESG company reported data represents at least 80% of company operations and workforce to enable complete evaluation of sustainability performance. This data is fully transparent and traceable to the original documents.

Bloomberg’s Gender Equality Index (GEI) tracks the performance of public companies’ commitment to disclosing their efforts to support gender equality. This proprietary data is sourced from an annual 80+ question survey and the responses, results and original documents are available on the Bloomberg Terminal.

Bloomberg sustainable debt information is sourced directly from Lead Managers and from proactively collected ESG framework, ESG external review, Allocation and Impact reports.

Bloomberg’s proprietary scores leverage data collected by the company’s Data team and two research arms - BI and BNEF. BNEF maintains updated country transition level data and renewable energy and finance project information through its network of industry relationships.

Bloomberg’s ESG data is fully integrated into Bloomberg Professional Service applications designed for company analysis, including Financial Analysis (FA), Equity Screening (EQS), Research Management Solutions (RMS) and Portfolio & Risk Analytics (PORT), allowing clients to efficiently incorporate ESG into the investment process.

Bloomberg’s dedicated ESG function (BESG) provides a quick snapshot of a company’s historical ESG performance using the most material and best-reported metrics and third-party ESG scores.

Who are the data users?

  • Corporates
  • Financial institutions
  • Government
  • Investors

What is the cost for your data offering?

Access to Bloomberg ESG data, scores, research, news and analytical tools is included in the cost of the Bloomberg Terminal. Bloomberg’s ESG data is also available as an enterprise data feed, designed to be used off-Terminal by multiple applications and people within an organization, on a different fee structure.

If you would like to learn more about our Bloomberg Professional Services, email us at bbesg@bloomberg.net.

What are the key attributes that differentiates the data you offer?

Active market participation: As one of the world's leading financial data providers and a long-time advocate for improving the quality and usefulness of corporate sustainability disclosures, Bloomberg has a deep understanding of the challenges surrounding ESG data, such as lack of availability, transparency and comparability. Bloomberg actively engages with industry initiatives to help solve for these, notably through the development and standardization of non-financial disclosures via the Task Force on Climate-Related Financial Disclosures (TCFD), which Michael Bloomberg chairs, through membership on the Platform for Sustainable Finance, the UK’s Green Technical Advisory Group, GFANZ – Glasgow Financial Alliance for Net Zero, and via the development of high quality, transparent and reliable ESG data and analytics.

Data quality excellence: Bloomberg’s company reported data represents at least 80% of company operations and at least 80% of the company's workforce to ensure it is representative of company activities and is comparable across the industry. Bloomberg's global team of ESG analysts run sophisticated, multi-layer quality control systems to ensure that all data conforms to the highest standards, and full data transparency is provided so users can drill down to validate any datapoint.

Holistic insights: Bloomberg’s holistic ESG data offering is comprised of readily comparable company reported data on 13,000+ firms; proprietary content datasets addressing ESG regulations, carbon emissions, supply chain, and more; gender-equality survey data from 559 companies making up Bloomberg’s Gender Equality Index (GEI); and third-party data. Through Bloomberg identifiers, this ESG data links to other company datasets and Bloomberg offers data management capabilities by streamlining the acquisition, mapping and distribution of instrument data from multiple sources linked to a single entity, giving clients a holistic view. Bloomberg’s proprietary ESG scores, and news and research arms also use this data to help inform client’s strategy decisions.

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You cannot manage what you cannot measure. Bloomberg provides robust ESG data and solutions so investors can enhance their approaches to ESG investing, portfolio optimization, corporate strategy, regulatory reporting and risk management.

@TheTerminal

Contacts

jmolgano2@bloomberg.net

Corporate Statements

Technology, transparency and transition

On ESG, financial institutions face a regulatory ratchet, disparity across jurisdictions and integration challenges. Transparency and technology can help, say Bloomberg’s Patricia Torres, global head of sustainable finance solutions, and Brad Foster, global head of enterprise data content 

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