Bloomberg launches SDG-aligned data tool
27 November 2023 US
Image: BillionPhotos.com/stock.adobe.com
Bloomberg has launched SDG Impact, a tool allowing clients to view the potential impact of a company’s business on any of the United Nations’ 17 Sustainable Development Goals (SDGs).
The new product integrates the UN Environmental Programme Finance Initiative (UNEP FI) Sector Impact Map into Bloomberg’s data suite, which maps more than 500 sectoral activities to the SDGs and a further 38 impact topics and assesses whether a company has a positive or negative impact.
Combining this with the company’s existing ESG data offerings and granular segment revenue classification services will give investors access to additional market information for corporate engagement and security selection.
This will provide greater clarity for investors hoping to direct capital towards sustainable assets, the company says, an area which is of growing interest.
Data mapping capabilities and materiality assessments will allow users to perform benchmarking and fund classification, ensure compliance with evolving sustainable financial standards and legislative frameworks, and assess how activity in the private sector aligns with the SDGs.
The product is available through Bloomberg Terminal and the Bloomberg Data License.
Patricia Torres, global head of sustainable finance solutions at Bloomberg, says: “By mapping the UN Sector Impact Map to our comprehensive and high quality ESG data, our customers can bridge the gap between ESG integration and impact investing, acting with more clarity and transparency.”
Careen Abb, SDGS and impact lead at UNEP FI, comments: “UNEP FI works with the finance industry to mainstream impact analysis and management in business and finance, to help close the SDG funding gap.
“We have 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. We are delighted that the available resources are being used to help mainstream impact management, and to accelerate the transition to an economy that helps deliver the SDGs.”
The new product integrates the UN Environmental Programme Finance Initiative (UNEP FI) Sector Impact Map into Bloomberg’s data suite, which maps more than 500 sectoral activities to the SDGs and a further 38 impact topics and assesses whether a company has a positive or negative impact.
Combining this with the company’s existing ESG data offerings and granular segment revenue classification services will give investors access to additional market information for corporate engagement and security selection.
This will provide greater clarity for investors hoping to direct capital towards sustainable assets, the company says, an area which is of growing interest.
Data mapping capabilities and materiality assessments will allow users to perform benchmarking and fund classification, ensure compliance with evolving sustainable financial standards and legislative frameworks, and assess how activity in the private sector aligns with the SDGs.
The product is available through Bloomberg Terminal and the Bloomberg Data License.
Patricia Torres, global head of sustainable finance solutions at Bloomberg, says: “By mapping the UN Sector Impact Map to our comprehensive and high quality ESG data, our customers can bridge the gap between ESG integration and impact investing, acting with more clarity and transparency.”
Careen Abb, SDGS and impact lead at UNEP FI, comments: “UNEP FI works with the finance industry to mainstream impact analysis and management in business and finance, to help close the SDG funding gap.
“We have 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. We are delighted that the available 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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