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Mike Bloomberg Introduces the 2019 Bloomberg Philanthropies Annual Report

Multimedia with summary

Mike Bloomberg issued his new letter on philanthropy today as part of the release of Bloomberg Philanthropies' 2019 annual report

His lifetime giving now totals more than $8 billion.

He writes:  “In the year ahead, as political candidates debate what to do in the future, we will work to improve the present by expanding our efforts."

Michael Bloomberg Promises $500 Million to Help End Coal

By: Lisa Friedman, NY Times
Article

WASHINGTON — Michael R. Bloomberg, the former mayor of New York City, will donate $500 million to a new campaign to close every coal-fired power plant in the United States and halt the growth of natural gas, his foundation said Thursday.

Michael Bloomberg Launches Beyond Carbon, the Largest-Ever Coordinated Campaign Against Climate Change in United States

Beyond Carbon Brings Bloomberg’s Global Investment in Fighting Climate Change to $1 Billion
Article

New York, NY – In a commencement address today at the Massachusetts Institute of Technology, Michael R. Bloomberg will launch Beyond Carbon, the largest coordinated campaign to tackle climate change ever undertaken in the United States. With a $500 million investment — the largest ever philanthropic effort to fight the climate crisis — Beyond Carbon will work to ­put the U.S. on track towards a 100% clean energy economy by working with advocates around the country to build on the leadership and climate progress underway in our states, cities, and communities.

Companies Make Progress Gauging Climate Risk, but Not Enough

By: Eric Roston, Bloomberg News
Article

Companies too often make the mistake of thinking climate change is a long-term issue, but it’s actually affecting decisions today, according to a report by a global commission set to evaluate transparency into financial climate risks and opportunities.

2019 TCFD Status Report: Key Takeaways

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To better understand current climate-related financial disclosure practices and how they have evolved, the Task Force on Climate-related Financial Disclosures (TCFD or Task Force) reviewed—using artificial intelligence technology—reports for over 1,000 large companies in multiple sectors and regions over a three-year period. In addition, the Task Force conducted a survey on companies’ efforts to implement the TCFD recommendations as well as users’ views on the usefulness of climate-related financial disclosures for decision-making.

Second TCFD Status Report Shows Steady Increase in TCFD Adoption

Nearly 800 organizations have now expressed support for the TCFD and its recommendations
Press Release

NEW YORK, June 5, 2019 /3BL Media/ – The Task Force on Climate-related Financial Disclosures (TCFD) published its 2019 Status Report to the Financial Stability Board (FSB) today. The TCFD’s second status report provides an overview of disclosure practices aligned with the Task Force’s recommendations between 2016 and 2018. The report also examines the decision-usefulness of existing climate-related financial disclosures to users of disclosure, and evaluates disclosures of strategy resilience and the challenges faced by preparers using scenario analysis.

Michael Bloomberg Announces New Funding for “America’s Pledge” U.S. Climate Report to Counter Trump Administration’s Failure on Addressing Climate Crisis

Bloomberg commits $2.3 million to University of Maryland and Rocky Mountain Institute to further analyze U.S. GHG emissions reductions to present to UN at Climate Conference
Press Release

COLLEGE PARK, Md., May 28, 2019 /3BL Media/ – Today, Michael R. Bloomberg, the United Nations Secretary-General’s Special Envoy for Climate Action, is doubling down on his commitment to support ongoing efforts at the state and local levels to combat the climate crisis as the current U.S. administration fails to act. Bloomberg will grant $2.3 million to the University of Maryland’s Center for Global Sustainability and the Rocky Mountain Institute (RMI) to evaluate and analyze current U.S. greenhouse gas emissions reductions.

Bloomberg LP Expands Parental Leave Policy from 18 to 26 Weeks of Fully-Paid Leave for Primary Caregivers

Summary: 

Gender Neutral Policy Also Covers Adoptions and Foster Placements

Updated Policy Is Double the Average of Communications and Finance Industries and 63% More than Average for Tech Firms

Press Release

Gender Neutral Policy Also Covers Adoptions and Foster Placements

Updated Policy Is Double the Average of Communications and Finance Industries and 63% More than Average for Tech Firms

What Are Your Blind Spots? Conquering Misconceptions Surrounding the U.S. Asian-pacific Community

Blog

The U.S. Asian-Pacific community, spanning more than 50 racial/ethnic groups and speaking more than 30 languages, isn’t easily defined.

The term “Asian American” was coined in 1968 to help establish a collective identity in the U.S. at a time when communities with Asian roots could benefit from embracing their shared history. But simplifying racial categories has brought both benefits and setbacks.

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