Our bottom line is impact. 2016 Impact Report 13 2016 Impact Report Product Bloomberg’s annual Impact Report About Bloomberg’s products and services provides a brief overview of our efforts in Bloomberg 02 provide essential information to and for the areas of Product, People and Planet, the world’s most influential audiences. with a specific focus on 2016 highlights. Message For Bloomberg, sustainable finance Bloomberg is a signatory of the United from Mike is a broad category that covers all Nations Principles for Responsible Bloomberg 03 forms of investment-activity—business, Investment (UN PRI) and the UN Global government and capital markets—which Compact; we believe that sustainability Case Study seek to integrate environmental and social presents a market opportunity. Investing considerations with financial analysis. In Market As in previous years, the report is in Infrastructure 04 Case Study accordance with the Global Reporting The New ESG <GO> 14 Initiative (GRI)—Comprehensive Option Materiality (GRI Standards Content Index and G4 Assessment 08 The Bloomberg Media Sector Supplement) as well as Professional® Service 16 the Sustainability Accounting Standards 2020 Board (SASB) Standards and its industry- Progress 10 Industry Verticals 18 specific accounting standards. Media 21 For more information on Bloomberg Sustainability and a full Materiality Assessment, see page 8. 25 35 People Planet BCause is our collaborative effort By looking at our business through an Performance across our employee engagement and environmental lens, we have reduced by the Numbers 48 social impact groups—Philanthropy & costs, minimized risk and engaged our Engagement, Diversity & Inclusion, employees, while generating $95 million External Sustainable Business & Finance and in cost avoidance for the Company. Assurances 50 Wellness—to address social and environmental issues that are relevant Case Study to our business and our partners— Path to 100% customers, vendors, employees, Renewable Energy 36 nonprofits, governments and communities. Energy 38 Case Study Business Travel 35 Years of & Logistics 42 Bloomberg 26 Paper 43 Philanthropy & Engagement 28 Waste & Water 45 Diversity & Inclusion 30 Supply Chain 47 Benefits & Wellness 32 Bloomberg Impact ReportBloomberg 01 About Bloomberg Bloomberg, the global business and financial information and To learn more about Bloomberg news leader, gives influential decision makers a critical edge by bloomberg.com connecting them to a dynamic network of information, people To learn more about BCause and ideas. The Company’s strength—delivering data, news and bloomberg.com/bcause analytics through innovative technology, quickly and accurately— To learn more about is at the core of the Bloomberg Professional® service (the Terminal). Bloomberg Philanthropies bloomberg.org Bloomberg’s Enterprise Solutions build on the Company’s core strength, leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. The Industry Verticals group—Bloomberg New Energy Finance (BNEF), Bloomberg Government (BGOV) and Bloomberg BNA (BBNA)—provides data, news and analytics to decision makers in industries beyond finance. Bloomberg News, delivered through the Bloomberg Terminal and Bloomberg Media, including television, radio, mobile, digital and print— Bloomberg Businessweek and Bloomberg Markets—covers the world with more than 2,600 news and multimedia professionals in 120 countries. 02 Message from Mike Bloomberg Climate change is often thought to be an issue that only government can solve. But businesses have been a leading force for progress on climate change, because they have strong incentives to act. Energy efficiency can sharply reduce costs while also reducing carbon emissions. Advances in technology offer companies an opportunity to create new products and services, especially in clean energy. And a company’s commitment to addressing climate change can help it attract a talented workforce. There’s another important reason why the That’s a shared goal of two organizations private sector is helping to lead the way that I chair—the Sustainability Accounting in creating a more sustainable economy: Standards Board (SASB) and the FSB Climate change presents significant risks Task Force on Climate-related Financial to many companies, by threatening their Disclosures (TCFD). Both of these assets and supply chains. The more they organizations are industry-led initiatives know about those risks, the faster they aimed at improving the quality and can act to address them. usefulness of sustainability and climate- change information—and both took Since its founding in 1981, Bloomberg important steps forward last year. In has been guided by the principle March of 2016, SASB released provisional that transparent markets empower standards for 79 U.S. industries, and investors, fuel entrepreneurs, and in December of last year, the Task support economic growth. Better data Force released a set of preliminary leads to better decisions. As the world disclosure recommendations to improve changes, we are committed to making transparency on climate change risks and sure that our clients have the data they opportunities for financial markets. need to understand and navigate those changes and act on them. Sustainability is important to Bloomberg beyond its economic That is why Bloomberg now collects and market implications. Along with Environmental, Social and Governance Bloomberg Philanthropies, we are (ESG) data for over 9,000 companies, committed to protecting public allowing investors to gauge how well health and advancing environmental companies are responding to potential stewardship around the world, challenges and allowing companies including in our own operations. to measure their efforts against their We are now getting more of our energy competitors. We also provide data and from clean sources, with a goal of analysis on the growing green bond 100 percent renewable energy by 2025. market, and Bloomberg New Energy Finance’s independent analysis and No company can solve sustainability insight enables our customers to navigate challenges alone. The more that join the rapidly evolving energy industry. this growing effort to measure and share climate risks, the faster we’ll However, we still have work to do make progress. to ensure that the data investors and companies rely on to make decisions is comparable and standardized. Bloomberg Impact ReportBloomberg GRI: 102-15 03 Product Case study Investing in Market Infrastructure Bloomberg has always believed that bringing transparency to financial markets through access to information can increase capital flows, produce economic growth and create efficiencies for businesses. This idea revolutionized the bond markets in 1981, and, since then, we have expanded our efforts across asset classes to equities, derivatives, commodities and the broader financial markets. Under the chairmanship of Mike Bloomberg, both the Sustainability Accounting Standards Board (SASB) and the Financial Stability Board (FSB) Task Force on Climate-related Financial Disclosures (TCFD) aim to bring market quality transparency on material environmental, social and governance (ESG) data to financial market participants. Bloomberg supports a number They share the common goal of of different, multi-stakeholder providing market-relevant, quality, sustainability reporting initiatives that consistent, comparable and forward cast a wide light on ESG performance looking sustainability-related data and on an organization's impacts on in mainstream financial filings. the environment and society. SASB The data allows market participants to and the TCFD are market-driven better assess and price sustainability- initiatives, targeting investors as the related risks and opportunities. By primary audience by focusing on how leading these two complementary ESG factors impact an organization’s efforts, Bloomberg hopes to accelerate financial performance. The frameworks the adoption of ESG factors into are interconnected; SASB focuses on a mainstream investment decisions. range of sustainability issues, whereas the TCFD concentrates specifically on climate-related risks and opportunities. ESG investing has become increasingly Investors lack the tools they need to integrate important to mainstream investors sustainability into investment decisions Today, 1 out of every 5 dollars under professional Only 29% of investors are confident in the ESG information they management in the U.S. is managed using are receiving. sustainable and responsible investment strategies. $ Billions “ How confident are you in the “ Are you confident in the quality $8,000 quality of the ESG information of the ESG information you’re you are reporting?” receiving from the companies in which you invest?” $4,000 $0 100% 29% 2005 2007 2010 2012 2014 2016 Corporates Investors Source: US SIF Foundation Source: PwC, ESG Pulse 2016, October 2016. Base: 28 04 Reporting issues Sustainability Broad sustainability issues—climate and energy, gender equality, human rights, employee engagement, health and safety and community spending; primary focus on how a company impacts the environment and society Target audience Climate SASB Target audience Multiple stakeholders Financial market such as government, Sustainability issues How material sustainability participants such as vendors, employees, with a focus on climate issues impact a company’s investors, lenders academics, non-profits