Bloomberg has launched a tool that investors can use to assess the potential impact of a company’s business on any of the United Nations’ 17 Sustainable Development Goals (SDGs).
It is a response to increasing demand for objective SDG-related data and provides data mapping and materiality assessment to offer more clarity to investors seeking to direct capital towards sustainable assets.
The Bloomberg tool is the first in the market to integrate the UN Environmental Programme Finance Initiative (UNEP FI) Sector Impact Map into its ESG data offerings and map more than 500 sectoral activities to 38 impact topics and the SDGs, distinguishing between the positive and negative impact a company may have on the environment, people and economic development. To date, UNEP FI’s Sector Impact Map has been applied across 50,000 public companies using Bloomberg’s granular segment revenue classification.
The tool is available on the Bloomberg Terminal and via Bloomberg Data License for enterprise use.
“Bloomberg’s ESG data, research and analytics help clients mitigate risk and comply with new and emerging regulatory requirements, and pursue investments aligned with their sustainability commitments,” says Patricia Torres, global head of sustainable finance solutions at Bloomberg. “By mapping the UN Sector Impact Map to our ESG data, customers can bridge the gap between ESG integration and impact investing, acting with more clarity and transparency.”
UNEP FI works with the finance industry to mainstream impact analysis and close the SDG funding gap. The organisation has developed a range of impact management tools and resources across the three pillars of sustainable development and across economic sectors and activities, mapping related negative and positive impacts. Careen Abb, SDGs and impact lead at UNEP FI, comments: “We are delighted the resources are being used to help mainstream impact management and to accelerate the transition to an economy that helps deliver the SDGs.”
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