DOCSLIB.ORG

Sustainability Is Embedded in Our Products, Operations and People

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Sustainability Approach Message from Mike 02 is embedded About Bloomberg L.P. 03 Sustainability governance 04 in our Stakeholder engagement 05 Materiality assessment 06—07 products, Sustainability strategy 08—09 Impact Report operations 2020 progress 10—13 and people. Thought leadership Strength in numbers 14—15 Here’s how TCFD: Advancing the conversation on climate risk 16—21 we measured Impact up in 2017. Product highlights 22—25 Case study Pioneering carbon solutions 26—27 Operations highlights 28—35 Case study London calling 36—39 People highlights 40—43 Case study Investing in the future 44—45 About this report 46 Visit bloomberg.com/impact for the interactive digital version of this report Approach Approach Message from Mike. About Bloomberg L.P. Recent events have made These two efforts reveal the demand that exists Bloomberg, the global Our products within the marketplace for more detailed and Bloomberg Professional Services clear that the role of the reliable data on how climate change will affect business and financial Bloomberg Professional Services — the Bloomberg commerce — and, at Bloomberg, we are working to Terminal® and our enterprise data management private sector in building meet it. We now provide our clients with transparent and integration services — provide real-time data, environmental, social and governance data on more information and news breaking news, in-depth research and powerful a more sustainable world than 9,500 companies; tools to analyze the green analytics to help financial professionals make bond market; and in-depth research and analysis leader, gives influential smarter, faster and better-informed decisions. is more important than on emerging clean energy trends via Bloomberg New Energy Finance. decision makers a critical Industry products ever. At Bloomberg, we We operate five web-based services — Bloomberg As we invest in sustainability through our products, edge by connecting New Energy Finance, Bloomberg Government, are determined to lead the we also invest in it through our operations. We began Bloomberg Law, Bloomberg Tax and Bloomberg tracking and managing the environmental impact Environment — that provide industry-leading way and, over the past year, of our operations a decade ago and have saved them to a dynamic news, analysis and data about energy, $103 million as a result. And our new European government, laws and regulation to help we‘ve helped drive critically headquarters, which opened in London last fall, network of information, subscribers navigate these complex and evolving is the world‘s most sustainably designed areas. Our venture capital firm, Bloomberg Beta, important progress. office building. people and ideas. invests in companies that make work better, I‘ve always believed that businesses have a with a focus on machine intelligence. Following the White House announcement that the responsibility to be good neighbors, and we’ve Our company Media U.S. would withdraw from the Paris Agreement last also seen how being a sustainable company is just Bloomberg Media, the company’s consumer-facing June, Bloomberg Philanthropies helped rally business good business. Nearly all of our company‘s profits Bloomberg L.P. is a privately held Limited business, draws on the work of 2,700 journalists and and civic leaders to affirm our collective support go to support the work of our philanthropic efforts, Partnership headquartered in New York City. analysts in more than 120 countries to deliver news for the Agreement. The result is a coalition, called including on climate change. Our employees also We have more than 19,000 employees based in across digital, TV, radio, print and mobile channels America’s Pledge, that includes 455 cities, 16 states, make important contributions to these efforts directly, 186 locations around the world, with a significant and live events. 325 universities and more than 1,700 businesses. volunteering more than 145,000 hours of service presence in the United States, United Kingdom, All have pledged to do their part to ensure the U.S. in 2017 to their local communities. In the year ahead, Germany, Japan, China, Singapore, Australia, Our operations can meet its emissions reduction goals, regardless we‘ll continue to look for ways to strengthen our Brazil, India and the United Arab Emirates. Our business operates in 5.4-million owned and of what happens in Washington. company — and the world. Our business philosophy leased square feet of space in 72 countries, Companies are taking action individually, but they are including two significant data centers crucial Since its founding in 1981, Bloomberg has been also working together. Two industry-led organizations to our operations and customers. We also publish guided by the principle that transparent markets that I chair — the Sustainability Accounting Standards two magazines, Bloomberg Businessweek and empower investors, fuel entrepreneurs and support Board (SASB) and the Financial Stability Board Task Bloomberg Markets, printing and distributing almost economic growth. Better data leads to better Force on Climate-related Financial Disclosures 36 million copies globally in 2017. decisions. As the world changes, we are committed (TCFD) — are helping companies better understand to making sure that our clients have the data To learn more about Bloomberg, and reduce the risks they face from the changing they need to navigate the evolving landscape. visit bloomberg.com/company. climate, while also making investors aware This includes decision-useful sustainability news, of new opportunities from sustainable projects. data and analytics. More than 240 companies, responsible for more than $80 trillion in assets, have expressed public support for the standards developed by the TCFD. 2 GRI: 102-14 GRI: 102-1; 102-2; 102-4; 102-5; 102-6; 102-7; G4-2 3 Approach Approach Sustainability governance. Stakeholder engagement. Collective wisdom Our company’s leaders Our stakeholders help shape our sustainability efforts by sharing valuable feedback on new ideas, best practices, emerging technologies and stakeholders drive and industry trends. our sustainability efforts. Governance Every division within Bloomberg has responsibility Channels Example Bloomberg‘s Management Committee, which consists for sustainability — our policies and operating Customers Bloomberg Professional Services We interviewed approximately 35 clients this past of our Founder, Chairman and Vice Chairman, guidelines include these issues in our strategic annual customer survey; year to specifically understand investor needs for ESG operates the company. Representatives from each considerations and day-to-day operations. market research; customer education; information. This feedback informed products that we division report to the Management Committee. Sustainable Business & Finance partners with help desk tickets; sales visits. launched in 2017. On an ongoing basis, our sales and help The Global Head of Sustainable Business & Finance Operations and our business units to enhance desk teams collect customer feedback that helps enhance has responsibility for the company’s overarching Bloomberg’s sustainability efforts. The Management our ESG products. sustainability strategy, including addressing Committee, which is consulted and updated on climate-related risks and opportunities. a regular basis, provides direction and Employees Events and training; emails We launched an internal Sustainable Business & Finance allocates resources. and newsletters; employee e-newsletter in September 2017 to share news of our Bloomberg’s environmental and social strategy ambassador meetings. sustainable finance activities; it’s distributed monthly to 400+ internal subscribers. is primarily driven by four groups: Sustainable Business & Finance, Workplace Operations, Human * Resources and Philanthropy & Engagement. Suppliers Our Supplier Code of Conduct; We work with our suppliers to reduce the impact of Climate-related governance Sustainable Business & Finance reports directly sustainability requirements in select our products on the environment. For example, our flat Bloomberg considers short-, medium- and long- requests for proposal and master panels meet Energy Star qualifications, and we’ve made to the Chairman’s office, while Workplace Operations, term climate-related risks and opportunities at the service agreements. our keyboards more energy efficient. Our magazines Human Resources and Philanthropy & Engagement Management Committee level. The Management are printed on 100% FSC–certified paper and printed at report to the Chief Operating Officer. Committee leverages a number of groups within facilities that maintain FSC certification. These groups, along with the Finance, Legal the company to help identify climate-related issues and determine the most sustainable solutions and Communities Community meetings. During the construction phase of our new European and Risk & Compliance departments, work headquarters in London, we met with neighborhood paths to explore. These include Sustainable Business internally and externally to identify areas of risk residents to hear their concerns about dust, noise, traffic and opportunity at Bloomberg and to support other & Finance, which develops climate-related targets and the social impact of our building. Based on their operating groups in accomplishing their business and strategies around mitigating risks and fostering feedback, we implemented processes to mitigate the goals. The groups continually engage Bloomberg opportunities
Recommended publications
  • Full Paper on Urban Manufacturing

    Full Paper on Urban Manufacturing

    The Federal Role in Supporting Urban Manufacturing Nisha Mistry Consultant Joan Byron Pratt Center for Community Development April 2011 About the Authors Nisha Mistry ([email protected]) is an attorney and consultant. Her work focuses on urban and metropolitan planning and land use, economic development, and workforce housing. Recent research has included analyses of policies and regulations concerning urban density, adaptive reuse and preservation, and land banking. She holds an M.S. in City Design and Social Science from the London School of Economics, where she received a Graduate Merit Award, a J.D. from Northeastern University School of Law, and a B.A. in Political Science from Barnard College. Joan Byron is director of policy for the Pratt Center for Community Development. The Pratt Center makes the skills of architects, planners, and policy professionals available to community‐ based organizations struggling to address issues of environmental, economic, and social justice. She leads the Center’s efforts to challenge policies that unfairly burden low‐income communities and to advance projects that more fairly distribute environmental goods. Her recent projects include advocacy for Bus Rapid Transit in New York City (with COMMUTE!— Communities United for Transportation Equity), and the Southern Bronx River Watershed Alliance’s campaign to remove the Sheridan Expressway and redevelop its 28‐acre footprint for affordable housing, community facilities, and open space. In 2009, she received the NYU Rudin Center’s annual award for Civic Leadership in Transportation. Joan is a registered architect, and served as the Pratt Center’s architectural director from 1989 through 2003. She has taught in Pratt Institute’s undergraduate architecture program and in its Graduate Center for Planning and the Environment.
  • 2020 Impact Report 2 Contents Approach Reducing Our Emissions Supporting Climate Action Investing in Our People Driving Social Change

    2020 Impact Report 2 Contents Approach Reducing Our Emissions Supporting Climate Action Investing in Our People Driving Social Change

    Contents Approach Reducing our emissions Supporting climate action Investing in our people Driving social change Approach Message from Mike 03 About this report 04 About Bloomberg L.P. 05 Governance 06 Stakeholder engagement 07 Risk management 08 Climate scenario analysis 10 Materiality assessment 14 Sustainability strategy 16 COVID-19 spotlight The business of resilience 18 Environmental impact Reducing our emissions 21 Supporting climate action 30 Social impact Investing in our people 44 Driving social change 51 2020 Impact Report 2 Contents Approach Reducing our emissions Supporting climate action Investing in our people Driving social change Message from Mike. Despite the enormous challenges of the COVID-19 pandemic, the world is well-positioned to take great steps forward in the fight against climate change. Governments are eager to respond to the fallout from the pandemic in ways that Our company has increased the environmental, social and governance (ESG) data make their economies stronger, more sustainable and more resilient. Business leaders and research we provide, and we have also introduced products to help clients better recognize the risks they face and understand that the same steps that cut carbon assess climate-related risks and opportunities, including new sustainability scores. emissions also help to spur growth and promote stability. The public wants power In 2020, we launched Bloomberg Green, the world’s definitive news source sources that won’t poison the air they breathe. And markets increasingly favor clean dedicated to the business, science and technology of climate change. energy over fossil fuels as the cost of renewable power continues to drop. Virtually all of our company’s profits go to fund the work of Bloomberg Philanthropies The year ahead can set the stage for a decade of transformational change — but only and, in 2020, our foundation expanded our efforts to drive action on climate change.
  • For Immediate Release Ceg Media Contacts Bnef Media

    For Immediate Release Ceg Media Contacts Bnef Media

    FOR IMMEDIATE RELEASE June 21, 2010 CEG MEDIA CONTACTS Ken Locklin Lewis Milford Clean Energy Group Clean Energy Group C 703-476-1561 P 802-223-2554 [email protected] C 802-238-4023 [email protected] BNEF MEDIA CONTACT Jill Goodkind Bloomberg LP +1 212 617 3669 [email protected] SHEPHERDING CLEAN ENERGY PROJECTS THROUGH THE “VALLEY OF DEATH” Washington, June 21, 2010—A new report issued by Clean Energy Group (CEG) and Bloomberg New Energy Finance (BNEF) undertakes a much-needed evaluation of current gaps in clean energy financing, offering recommendations to address the so-called commercialization “Valley of Death” financing shortfall that occurs before a clean energy technology can achieve commercial viability. The findings, based on analysis of interviews with more than five dozen industry thought-leaders and underlined with quantitative research from Bloomberg New Energy Finance’s Intelligence database, are contained in the white paper “Crossing the Valley of Death: Solutions to the next generation clean energy project financing gap.” Clean Energy Group, with the support of The Annenberg Foundation, commissioned Bloomberg New Energy Finance to join in the study, which examines the shortage of capital for clean energy technologies that require extensive and expensive field-testing before being deployed. Clean Energy Group and Bloomberg New Energy Finance conducted over 60 open-ended interviews with technologists, entrepreneurs, project developers, venture capitalists, institutional investors, bankers and policymakers from 10 countries across the globe to provide solutions on how to address the “Valley of Death” phenomenon. Ken Locklin, Clean Energy Group’s director of finance and investment, said, “This study presents some exciting new approaches to overcome this Valley of Death financing challenge that we should explore further.
  • New Solar Research Yukon's CKRW Is 50 Uganda

    New Solar Research Yukon's CKRW Is 50 Uganda

    December 2019 Volume 65 No. 7 . New solar research . Yukon’s CKRW is 50 . Uganda: African monitor . Cape Greco goes silent . Radio art sells for $52m . Overseas Russian radio . Oban, Sheigra DXpeditions Hon. President* Bernard Brown, 130 Ashland Road West, Sutton-in-Ashfield, Notts. NG17 2HS Secretary* Herman Boel, Papeveld 3, B-9320 Erembodegem (Aalst), Vlaanderen (Belgium) +32-476-524258 [email protected] Treasurer* Martin Hall, Glackin, 199 Clashmore, Lochinver, Lairg, Sutherland IV27 4JQ 01571-855360 [email protected] MWN General Steve Whitt, Landsvale, High Catton, Yorkshire YO41 1EH Editor* 01759-373704 [email protected] (editorial & stop press news) Membership Paul Crankshaw, 3 North Neuk, Troon, Ayrshire KA10 6TT Secretary 01292-316008 [email protected] (all changes of name or address) MWN Despatch Peter Wells, 9 Hadlow Way, Lancing, Sussex BN15 9DE 01903 851517 [email protected] (printing/ despatch enquiries) Publisher VACANCY [email protected] (all orders for club publications & CDs) MWN Contributing Editors (* = MWC Officer; all addresses are UK unless indicated) DX Loggings Martin Hall, Glackin, 199 Clashmore, Lochinver, Lairg, Sutherland IV27 4JQ 01571-855360 [email protected] Mailbag Herman Boel, Papeveld 3, B-9320 Erembodegem (Aalst), Vlaanderen (Belgium) +32-476-524258 [email protected] Home Front John Williams, 100 Gravel Lane, Hemel Hempstead, Herts HP1 1SB 01442-408567 [email protected] Eurolog John Williams, 100 Gravel Lane, Hemel Hempstead, Herts HP1 1SB World News Ton Timmerman, H. Heijermanspln 10, 2024 JJ Haarlem, The Netherlands [email protected] Beacons/Utility Desk VACANCY [email protected] Central American Tore Larsson, Frejagatan 14A, SE-521 43 Falköping, Sweden Desk +-46-515-13702 fax: 00-46-515-723519 [email protected] S.
  • Sustainability Report 2010

    Sustainability Report 2010

    THE SUSTAIN- ABILITY EDGE SUSTAINABILITY REPORT 2010 “ The original mandate Of our sustainability Efforts was to a) be A good corporate citizen b) educate our colleagues so that they can be good citizens c) find the business value: ReDuceD opeRatinG costs anD incReaseD ReVenue through pRoDuct innoVation.” —PETER GRAUER, cHAIRMAN, BLOOMBERG, l.p. OUR APPROACH TO SUSTAINABILITY IS COMPREHENSIVE. It combines corporate citizenship, risk management and strategic opportunity – driving operating costs down, revenue growth up and greater adoption of sustainable practices. Bloomberg’s commitment to the environment and the communi- ties in which we work extends beyond our own doors – we also engage vendors and customers in setting standards, promoting clean technologies and reducing natural resource use. Most importantly, we are leveraging our product and reach to integrate material environmental, human and other information into business and financial market analysis. 2 sustainability RepoRt ©2011 BLOOMBERG l.p. ALL RiGHTS RESERVeD. “There is A clearProducts parallel & toServices creating transparencY and responsible forestry understanding Ofc LEANour ENERGY internal fINANcE sustainability Emffanageortsment Among cARBON mARkETS green building & energy BLP Employees, and to demonstrating to them thatEffIcienc Ythey or ENvIRONmENTAL, SOcIAL & GOvERNANcE BLP can havE A broader societal ImpacT throughsupp ourLY chaIN ris prodk - Ucts.” —MelinDa Wolfe,SUSTAINABILITY pRofessional NEwS DeVelopMent “GIving and environmental LAw Environment cOmmunity servIcE are part Of the Bloomberg culture, wITH electronicS EffIciencY A long history Of servIcE and people are engaged& E-waste. Aligning environmental our giving and volunteering wITH targeted NGOstandards support & transparen, cY supply chain ImpacT and business cOmmunity support mAkes SUSTAINABILITY IS INTEGRATED INTO OUR BUSINESS at BloomberG sustainability means managing our business better by integrating environmental, social and EconomIc considerations Into our operations and products and servIces.
  • Copyrighted Material

    Copyrighted Material

    Index Note: Words & Terms entries are marked with italics. Page numbers followed by f refer to chart and photo figures. % (percent symbol), 289 Access, ethical standards and, 114–115 $ (dollar sign), 241 Accounts receivable days, 177 - (minus sign), 277 Accuracy, 2, 3, 108–110 401(k), 214 Acquitted, 271 Action verbs, 61, 133 Abbreviations, 214–215 Active voice, 79 for central banks, 229 Adjectives, use of, 77 for company names, 235 Administration, 216 for currencies, 241 Admit, admitted, 271, 302 for dates, 243–244 Adoption, of legislation, 239 in headlines, 55, 57 Adverbs, use of, 77 for interbankCOPYRIGHTED rates, 266–267 Advertisers, MATERIAL influence of, 116–117 for rankings, 305 Advertorials, 117 for state names, 307 Adviser, 216 for titles, 312 Affect, 216 for U.S. Cabinet departments, Affordable Care Act, 284 315–316 African-American, 217 Above, 216 After-tax, 217 Academic degrees, 216 Age, of newsmakers, 217 Accents, 216 Agencies, government, 130, 219 323 bindex 323 9 June 2017 10:49 AM 324 Index AGGD function, 132 @business Twitter handle, 85, 86f, 87f Agreed, 217–218 ATM (automated teller machine), 220 Airline flights, numbers of, 283 Attributions: Allegations, 108–110 for anonymous sources, 23–26 Alleged, allegedly, 271 for Terminal data, 48 All-time, 298 transparency in, 112 Almost, 283–284, 298 Australia, 220 Al-Qaeda, 218 Author, 220 ALRT function, 20, 30, 211 Automated teller machine (ATM), Although, 226 220 American depositary receipts, 218 Automation, xii, 101–103 American English, use of, 80, 218–219 Average, 95, 220
  • Kenneth Gillingham

    Kenneth Gillingham

    Kenneth Gillingham Yale University Phone: (203) 436-5465 School of the Environment Fax: (203) 436-9135 195 Prospect Street Email: [email protected] New Haven, CT 06511, USA Homepage: www.yale.edu/gillingham Current Appointments Yale University, Professor of Economics, July 2021-present School of the Environment Secondary appointment, School of Management Secondary appointment, Department of Economics National Bureau of Economic Research, Faculty Research Fellow, May 2015-present Review of Economics & Statistics, Associate Editor, February 2021-present RWI Research Network, Research Fellow, October 2016-present CESIfo Research Network, Affiliate, April 2017-present Research Interests Environmental & Energy Economics, Industrial Organization, Public Economics, Empirical Methods, Technological Change, Transportation Economics, Energy & Climate Policy Modeling. Education Stanford University, Ph.D., Management Science & Engineering, minor in Economics, 2011 Fields: Public & Environmental Economics, Industrial Organization, Econometrics Stanford University, M.S., Statistics, 2010 Stanford University, M.S., Management Science & Engineering (Economics & Finance), 2006 Dartmouth College, A.B., Economics and Environmental Studies, minor in Earth Sciences, 2002 Previous Appointments Yale University, Associate Professor (without tenure), 2017-2021 UC Berkeley Energy Institute at Haas, Visiting Scholar, Feb 2018 Stanford University Economics Department, Visiting Scholar, Jan 2018 Yale University, Assistant Professor, 2011-2017 White House
  • The Swiss Technical a N a L Y S I S J O U R N a L

    The Swiss Technical a N a L Y S I S J O U R N a L

    THE SWISS TECHNICAL A N A L Y S I S JOURNAL HerbstWinter Autunnoinverno Automnehiver AutumnWinter 2013 The Swiss Association of Market Technicians GENÈVE • LuGano • ZÜRICH Brian Jannsen Photography • Winter 013 • The Swiss Technical Analysis Journal l Zürich Willkommen Benvenuto Bienvenue Welcome l Genève l Lugano From the President’s Desk Dear SAMT members & industry colleagues, The first two debut editions of thisSA MT Journal proved to be a real success, with a record of over 5,000 readers following us from around the world. We look forward to developing future publications of this unique SAMT Journal which is significantly growing in popularity both locally and internationally. All three tri-lingual regional chapters of the SAMT have been very active with regards to technical analysis events in the last few months and the team shall continue with this positive momentum. The main event hosted during lastO ctober was the IFTA conference in San Francisco, California USA. At this yearly event there were a wealth of market experts and many new developments in technical analysis. This ranged from new technical oscillators to other innovative mathematical calculations. The IFTA event has proven to be very helpful in the past and I am confident it will also be in the future. It is fundamental I hope everyone who had the chance to participate at this unique global to read technical industry event had a good time and gained real value from learning some new analysis: Join technical techniques and ideas. over 5,000 SAMT Finally, I also wish to congratulate everyone who has recently passed their colleagues locally professional CFTe diploma exams, notably Muneera Al Dossary, at Saudi and around the Fransi Capital in the Kingdom of Saudi Arabia that had traveled to Geneva to train with our SAMT immersion course instructors.
  • Download the Full Article

    Download the Full Article

    BESPOKE BANKRUPTCY Laura N. Coordes* Abstract The U.S. Bankruptcy Code is the primary source of bankruptcy relief for debtors in the United States. But it is not the only source. Over the years, Congress has occasionally created bespoke bankruptcy— customized debt relief designed for a particular group of debtors. Bespoke bankruptcy may provide desperately needed bankruptcy relief to entities that are ineligible or otherwise unable to access bankruptcy through the Bankruptcy Code. But bespoke bankruptcy is also fraught with difficulties. To what extent should bespoke bankruptcy be used or developed instead of the Bankruptcy Code? This Article takes up this question. It begins by acknowledging the limitations of the Bankruptcy Code and highlighting instances where Code-based bankruptcy relief does not work. It then introduces the concept of bespoke bankruptcy and devises a framework that policymakers can use to decide when and how to implement it. In so doing, this Article sets the stage for a new direction in bankruptcy law: one where bespoke bankruptcy performs a limited, but critical, role in providing relief to entities that the Bankruptcy Code either does not or cannot assist. INTRODUCTION ..................................................................................... 360 I. CODE-BASED BANKRUPTCY: THE STANDARD TEMPLATE ...... 365 A. Bankruptcy’s Core Characteristics ................................ 365 B. Code-Based Bankruptcy and Its Limitations .................. 368 II. THE BANKRUPTCY MISFIT PROBLEM .....................................
  • Cashing in on Our Homes Billionaire Landlords Profit As Millions Face Eviction

    Cashing in on Our Homes Billionaire Landlords Profit As Millions Face Eviction

    Cashing in on Our Homes Billionaire Landlords Profit as Millions Face Eviction MARCH 2021 CASHING IN ON OUR HOMES Cashing in on Our Homes Billionaire Landlords Profit as Millions Face Eviction MARCH 2021 This report was produced by Bargaining for the Common Good, the Institute for Policy Studies, and Ameri- cans for Financial Reform Education Fund. Published in partnership with Inquilinxs Unidxs por Justicia/Renters United for Justice, Alliance of Californians for Community Empowerment, New York Communities for Change, Jobs with Justice, Housing Rights Com- mittee of San Francisco, MH Action, KC Tenants, Homes Guarantee campaign at People’s Action, United for Respect (UFR), Make the Road New Jersey, and Action Center on Race and the Economy (ACRE) Lead Authors/Researchers: Sara Myklebust, Bargaining for the Common Good; Patrick Woodall, Americans for Financial Reform Education Fund; Oscar Valdés Viera, Americans for Financial Reform Education Fund; Omar Ocampo, Institute for Policy Studies; Jonathan Heller, United for Respect; Chuck Collins, Institute for Policy Studies; Joe Fitzgerald, Institute for Policy Studies Acknowledgements We want to thank the following organizers, who served as readers for this report: Chloe Jackson, Inquilinxs Unidxs por Justicia/Renters United for Justice Shakiya Canty, Mariane Leon and Ms. Tynnetta Edens, One PA Sofia Lopez, Action Center on Race and the Economy (ACRE) René Christian Moya, Alliance of Californians for Community Empowerment (ACCE) The authors want to recognize and thank Unidad Latina en Acción, One PA, Colorado JwJ, California Calls and Meena Morar for their help and support in making this report possible. Thanks to the tenants who were willing to be interviewed for this report: Arianna Anderson and Shanika Henderson.
  • Benchmark Manipulation Andrew Verstein Wake Forest University School of Law, Verstea@Wfu.Edu

    Benchmark Manipulation Andrew Verstein Wake Forest University School of Law, [email protected]

    Boston College Law Review Volume 56 | Issue 1 Article 6 1-30-2015 Benchmark Manipulation Andrew Verstein Wake Forest University School of Law, [email protected] Follow this and additional works at: http://lawdigitalcommons.bc.edu/bclr Part of the Administrative Law Commons, and the Banking and Finance Law Commons Recommended Citation Andrew Verstein, Benchmark Manipulation, 56 B.C.L. Rev. 215 (2015), http://lawdigitalcommons.bc.edu/bclr/vol56/iss1/6 This Article is brought to you for free and open access by the Law Journals at Digital Commons @ Boston College Law School. It has been accepted for inclusion in Boston College Law Review by an authorized editor of Digital Commons @ Boston College Law School. For more information, please contact [email protected]. BENCHMARK MANIPULATION ANDREW VERSTEIN* Abstract: Substantial scholarship has questioned whether market manipulation is impossible and regulation unnecessary. This Article challenges orthodox un- derstandings of manipulation, showing that they reflect an obsolete view of mar- kets. While manipulation skeptics discuss prices, markets focus on benchmarks of price—and so do the manipulators who prey upon them. Benchmarks such as LIBOR or the S&P 500 summarize market prices and they have become essential to contemporary markets. They are written directly into industrial contracts, fi- nancial derivatives, statutes, and regulations, and so their accuracy affects the economy every bit as much as the prices themselves. They are also are much eas- ier to manipulate than underlying prices, because such benchmarks are typically derived from only a small slice of the market. For example benchmarks of ex- change rates—the price of Euros and Yen—reflect only trade prices in a single venue, during a two-minute period of trading.
  • As Climate Issues Intensify, Here's How We're Working Toward a Sustainable

    As Climate Issues Intensify, Here's How We're Working Toward a Sustainable

    The world is changing. As climate issues intensify, here’s how we’re working toward a sustainable future. Approach Thought leadership Products Operations People 2019 Impact Report Approach Message from Mike 03 About this report 04 About Bloomberg L.P. 05 Governance 06 Stakeholder engagement 07 Materiality assessment 08-09 Sustainability strategy 10 2020 progress 10-11 Risk management 12 Climate scenario analysis 13-16 Case study Thought leadership The need for speed 17-19 Beyond Bloomberg 20-21 Products Highlights 22-30 Case study Putting it all together 31 Operations Highlights 32-39 Performance summary by department 40 Case study Partnering to scale 41 People Highlights 42-47 Case study Leading from the front 48-49 © 2020 Bloomberg L.P. All rights reserved. 2019 Impact Report 2 Approach Thought leadership Products Operations People Message from Mike. As 2019 came to a close, a period of unprecedented upheaval was just beginning. The past few months have been extremely difficult for communities all over the world and More businesses and investors want to take similar steps — and to help them, we have for businesses in every industry — and most of all, for those who have lost loved ones to continued to expand the environmental, social and governance (ESG) data and in-depth coronavirus, or who have lost their jobs because of it. The pandemic has brought about research we provide, and we’re working to make that data and information easier to access the most severe economic downturn the world has seen in many years, but it can also be a and put to use.