Daily CSR
Daily CSR

Daily CSR
Daily news about corporate social responsibility, ethics and sustainability

Bloomberg's Impact: Driving Social Change & Diverse Workforce | Inspiring Transformation


Dive into a compelling account of how this visionary company goes above and beyond to combat climate change. From ground-breaking initiatives to cutting-edge products, philanthropy, and powerful partnerships with industry peers, Bloomberg leaves no stone unturned in its mission to protect our planet. But that's not all! This exceptional report also reveals the company's unwavering commitment to fostering diversity within its workforce and spearheading transformative social change. Prepare to be inspired as Bloomberg blazes a trail towards a better future!
“The world is in transition, moving away from a past powered and polluted by fossil fuels and heading towards a future that runs on clean and renewable energy,” said Michael R. Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies.
“We aren’t nearly as far along as we should be in order to avoid the worst harms of climate change. But the right tools and support can help companies and policymakers pick up the pace – and at Bloomberg, we’re working harder than ever to provide them.”
Experience the extraordinary environmental impact unveiled in the 2022 Impact Report's spotlight! Witness Bloomberg's unparalleled dedication to reducing emissions in pursuit of a 1.5°C future. Prepare to be astounded as this pioneering company surges towards its validated near-term science-based targets for 2030, aligning with the crucial global emissions reductions required to safeguard our planet's temperature rise. Marvel at the remarkable 38% reduction in Scope 1 and 2 emissions (target: 80%), coupled with an impressive 36% decrease in Scope 3 emissions (target: 30%) since the 2018 baseline.
But that's not all! Embrace the brilliance of Bloomberg's Princeton office, where their 2.55MW solar project expansion has come alive, harnessing the sun's energy to power both buildings on site. With solar energy now fulfilling 100 percent of the electricity needs, Bloomberg continues to lead the charge towards sustainable practices. Moreover, be awed as you discover that a staggering 55% of Bloomberg's global electricity consumption is derived from renewable energy projects, bolstered by an additional 13% sourced from renewable certificates. The future shines bright with Bloomberg's commitment to a greener world!
Unleash the power of coherent, impactful climate action with Bloomberg's groundbreaking initiatives! Prepare to be captivated as this visionary company takes center stage in supporting a sustainable future:
Elevating Sustainable Finance: Witness the expansion and enhancement of Bloomberg's remarkable Sustainable Finance products, empowering investors and companies to make informed decisions. With an extended coverage of Environmental, Social & Governance (ESG) Scores spanning across 5,500 companies in all sectors, Bloomberg equips stakeholders with the tools they need to evaluate assets and assess environmental performance.
Pioneering Climate Indices: Enter the realm of the Bloomberg Climate Index family, where innovation thrives. Experience the launch of cutting-edge indices, including the game-changing Bloomberg Paris Aligned Indices. These indices provide investors with unparalleled insights and tools to measure and align their investment strategies with the decarbonization targets set forth by the Paris Climate Agreement.
Unleashing Climate Risk Analysis: Uncover Bloomberg's state-of-the-art tools for analyzing climate risk, designed to empower users with vital information. Explore the Net Zero Pathway screen on the Bloomberg Terminal (ESG NETZ<GO>), allowing users to track company emissions reduction pledges. Additionally, embrace the Implied Temperature Rise Metrics, offering investors comparable measures to assess the alignment of companies and investment and loan portfolios with climate goals.
Thought Leadership and Research Excellence: Immerse yourself in Bloomberg's vast ecosystem of climate and ESG content across multiple channels. Delve into extensive publications by BloombergNEF, with over 2,500 research papers illuminating the global low-carbon transition and commodity markets.
Driving Collaborative Change: Discover Bloomberg's unwavering commitment to fostering collaboration and driving the shift toward a low-carbon economy. Engage with the Task Force on Climate-related Financial Disclosure (TCFD) and the Climate Data Steering Committee (CDSC) as they fortify access to climate-related information. Witness Bloomberg's leadership in spearheading transformative efforts through the Glasgow Financial Alliance for Net Zero (GFANZ) and the Climate Finance Leadership Initiative (CFLI).
Prepare to be inspired as Bloomberg leads the charge, creating a world where climate action paves the way for a brighter tomorrow.

Embark on a transformative journey of social impact, as Bloomberg takes center stage in driving positive change:
Investing in a Diverse Workforce
The Chairman's Challenge: Witness the power of innovation as Bloomberg launches the Chairman's Challenge, rallying over 900 global managers to ignite their creativity. This visionary initiative encourages the development of groundbreaking ideas focused on diversity and inclusion, sparking positive change throughout the organization.
Expanding Diversity Sourcing: Prepare to be amazed as Bloomberg expands its Diversity Sourcing team and forges collaborations with nearly 20 external organizations. This strategic partnership aims to identify and hire exceptional candidates from underrepresented communities, nurturing a diverse and inclusive workforce.
The Best of Bloomberg Program: Experience the impact of Bloomberg's Best of Bloomberg program, where a record-breaking 18,382 employees from 111 cities participated in volunteering, giving, and access programs. Together, they create a ripple effect of positive change, touching lives and communities around the world.
Driving Change on Critical Social Issues
Empowering Gender Equality: Marvel at the progress achieved as an increasing number of companies contribute their data to Bloomberg through the Gender Equality Index Reporting Framework, with a remarkable 11% increase. Bloomberg continues to be at the forefront of promoting gender equality, fostering an environment of inclusivity and equal opportunities.
The New Voices Initiative: Witness the power of amplifying underrepresented voices as Bloomberg's New Voices initiative brings media training to 13 global cities. By increasing the representation of women and minority executives as sources in online and on-air content, Bloomberg paves the way for diverse perspectives to shape narratives and drive meaningful change.
Community Engagement: Embrace the spirit of community as nearly 15,000 Bloomberg employees dedicate their time to volunteer work. From providing financial assistance to sharing pro bono expertise and creating care packages for vulnerable neighbors and those affected by disasters, these passionate individuals make a tangible difference in their communities.
Prepare to be inspired as Bloomberg's unwavering commitment to social impact transcends boundaries. Together, we can forge a future where diversity thrives, equality reigns, and communities flourish.
To view Bloomberg’s Impact Report click here.