BSR Insight | Bloomberg Launches ESG Data Service
Bloomberg's new environment, social, and governance (ESG) data service allows investors to search and compare relevant ESG data on 3,000-plus public and private companies. Users have access to a wide range of numerical and qualitative data, ranging from companies' emissions and energy consumption to their human rights policies and the size of their boards of directors.
The service also allows users to easily access the sources of all of the data, which include corporate responsibility reports, annual financial statements, and United Nations Global Compact communications in progress, among other formal sources.
Although this service is targeted at investors, its development will affect companies across all industries. Here are some ways this service might impact your company:
- It can provide insight into which metrics investors are analyzing.
- It can influence which metrics and indicators your company should report on.
- All mainstream analysts will have access to these metrics at no additional cost, which will help drive the integration of ESG data in investment analysis and reward companies with strong ESG performance.
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