Climate change is not just an environmental crisis. It can also have profound consequences on financial stability as a result of damage to economic resources and disruption to supply chains, as well as the losses that accrue to insurers and investors.
The EU has stepped up internationally and is now the global leader in fighting climate change. The European Commission’s Sustainable Finance Action Plan recognises the financial sector itself must avoid contributing to harmful incentives and practices. Furthermore, financial markets can play a vital role in turning the tide against climate change by financing the transition to a zero-carbon economy.
Bloomberg is at the forefront of promoting and implementing a sustainable financial system, working with investors, cities, policymakers, regulators and global institutions.
EDP Renovaveis SA, Vora, Portugal
Improving access to ESG data.
More and more investors want to be sure that corporates and financial institutions are following sustainable investment approaches. The Bloomberg Terminal offers ESG data for more than 11,500 companies in 83 countries, and 10+ years of history for 900+ fields, enabling investors to identify companies delivering on ESG requirements.
Developing green benchmarks.
For a new market component such as sustainable finance to truly take hold, investors need to be able to measure performance — and this means benchmarks and indices. Bloomberg partners with MSCI ESG Research to provide Bloomberg Barclays MSCI ESG Fixed Income Indices, the market’s first fixed income family to incorporate measures of ESG risk. Bloomberg also recently launched an ESG Index Family, which builds on the Sustainability Accounting Standards Board’s market- informed materiality framework.