Technology & Data

Bloomberg Tool to Assess Company Impact on UN SDGs

US-based software, data and media provider Bloomberg has unveiled a new tool designed to help investors evaluate how companies’ operations intersect with the UN Sustainable Development Goals (SDGs). These global objectives, adopted by UN member states, serve as foundational markers in achieving peace and prosperity by 2030. The new tool lands as the market for impact investing surpassed US$$1 trillion in assets globally in 2021, according to the Global Impact Investing Network. Despite this surge, the UN has highlighted a significant funding gap of US$$2.5-3 trillion per year for developing countries to achieve the SDGs by the 2030 deadline. Bloomberg’s tool aims to integrate the UN Environment Programme Finance Initiative (UNEP FI) Sector Impact Map into its suite of resources and ESG data offerings. By doing so, investors will have a comprehensive view, mapping over 500 sectoral activities to 38 impact topics and the SDGs, discerning both positive and negative impacts on the environment, society, and economic development. Bloomberg’s tool aims to bridge the gap between ESG integration and impact investing, offering greater transparency for investors seeking to align their portfolios with sustainable assets. Patricia Torres, Bloomberg’s Global Head of Sustainable Finance Solutions, said: “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.” 

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