When the world’s largest asset manager talks, business leaders listen. And what they heard last week, from BlackRock CEO Larry Fink, is that climate change is triggering “a fundamental reshaping of finance.”
In his annual letter to executives, Fink warned that ignoring the financial risk inherent in climate change will make it harder for companies to find investors.
NEW YORK, January 21, 2020 /3BL Media/ – Moody’s Corporation (NYSE: MCO) today announced that it has been named to the 2020 Bloomberg Gender-Equality Index (GEI) for the first time. The GEI tracks the financial performance of public companies committed to supporting gender equality.
Michael Barry, Head of Sustainable Business Operations at Bloomberg discusses the company's sustainability initiatives and approach, especially with regards to its 731 Lexington Avenue headquarters in New York in CoreNet Global's latest insite newsletter.
The industrialized world has been spewing carbon dioxide and other greenhouse gases faster than they can be contained for centuries. Climate change, and the increasing frustration of citizens about the inadequate response, is pushing countries to take action, or at least say they will. Becoming carbon neutral — also known as climate-neutral or net zero — is now a legal requirement in some countries, while European authorities are preparing legislation to become the first net zero continent. Even oil companies are getting in on the act.
By: Nadia Humphreys, Business Manager for Sustainable Finance solutions
As climate change continues to make headlines, sustainable investing – once a niche investment strategy – is now setting the agenda.
Investment firms increasingly realize they need to include environmental, social and governance (ESG) data in their decision-making processes, to manage risks and identify opportunities in a changing world. However, the lack of reliable and consistent ESG data is a key challenge, and most firms face a steep learning curve to understand ESG issues and make sense of the new information they are facing.
Signing on to Cool Food Pledge shows commitment to reducing food-related GHG emissions
December 16, 2019 /3BL Media/ - Bloomberg has committed to serve more climate-friendly foods through the Cool Food Pledge, a growing movement of workplaces, hotels, hospitals and restaurants aiming to slash food-related greenhouse gas (GHG) emissions by 25% by 2030. Groups serving a combined 800+ million meals annually have already signed on to this new initiative.
Demand for environmental, social and governance (ESG) data has accelerated as the demand for consistent and high quality data around sustainability issues goes mainstream. Read Bloomberg's recent report, Investing in a Sustainable Future, about this growing market.