Bloomberg has announced the launch of a tool for investors to assess the potential impact of a company’s business on the United Nations’ 17 Sustainable Development Goals.
The new data mapping and materiality assessment is designed to help investors direct capital towards sustainable assets and assess the alignment of private sector activity with the SDGs. Bloomberg has integrated the UN Environmental Programme Finance Initiative Sector Impact Map into its ESG offering. The resource maps more than 500 sectoral activities to 38 impact topics and the SDGs, distinguishing between positive and negative impact a company may have on the environment, people and economic development. UNEP FI’s Sector Impact Map has been applied across 50,000 public companies.
Patricia Torres, Global Head of Sustainable Finance Solutions at Bloomberg, says, “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 of Sustainable Finance Solutions at Bloomberg. “By mapping the UN Sector Impact Map to our comprehensive and high quality ESG data, our customers can bridge the gap between ESG integration and Impact investing, acting with more clarity and transparency.”
“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.”