Bloomberg has launched data mapping, materiality assessment tool.
The tool will enable investors to assess the potential impact of a company’s operations on UNSDGs.
How the tool functions?
Bloomberg has integrated the UN Environmental Programme Finance Initiative’s Sector Impact Map into its ESG data, addressing investor demand for objective SDG-related data. The map identifies over 500 sectoral activities and 38 impact topics and the SDGs, and assesses their impact on the environment.
Bloomberg’s SDG Impact assessments offer investors market insights for corporate engagement and security selection, enabling benchmarking and fund classification, and can complement evolving regulatory reporting standards and legislative frameworks. The tool is available on the Bloomberg Terminal and via Bloomberg Data License for enterprise use.
The market for impact investing surpassed $1 trillion in assets worldwide in 2021, according to the Global Impact Investing Network. Yet, the UN estimates the funding gap to achieve the SDGs by 2030 at $2.5-3 trillion per year for developing countries (UN Sustainable Development Group). The new data mapping and materiality assessment will provide more clarity for investors seeking to direct capital towards sustainable assets and assess the alignment of private sector activity with the SDGs.
Quotes:
“UNEP FI works with the finance industry to mainstream impact analysis and management in business and finance, to help close the SDG funding gap. We have developed a range of impact management tools and resources across the three pillars of sustainable development and across economic sectors and activities, mapping related negative and positive impacts,” said Careen Abb, SDGs and Impact Lead at UNEP FI. “We are delighted the available resources are being used to help to mainstream impact management, and to accelerate the transition to an economy that helps deliver the SDGs.”
“Bloomberg’s ESG data, research and analytics help clients mitigate risk and comply with new and emerging regulatory requirements, and pursue investments aligned with their sustainability commitments,” said Patricia Torres, Global Head, Sustainable Finance Solutions, Bloomberg.