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