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Originally published on bloomberg.com NEW YORK, April 30, 2024 /3BL/ - Bloomberg today published its 2023 Impact Report , which outlines how the company continues to address climate change through its operations, philanthropy and collaborations with partners and industry peers.
“As global population grows, urbanisation accelerates, and climate change intensifies, the demand for clean water is outpacing supply in many regions creat[ing] a range of risks that can directly impactinvestment portfolios.” CDP rates corporate water-related risks at a minimum of US$225 billion.
The authority had already pushed the release back to Q3 earlier in the year and the rules are now not expected to arrive until H2 2024. It also noted that investors’ approach to materiality is also “evolving” as a result of regulatory and client demands which are “linked to broader societal expectations”.
Moreover, companies will use voluntary frameworks and surveys such as GRI, SASB, CDP, UNGC, and Ecovadis to answer requests from customers, investors and other stakeholders. Given the potential reputational and workload impact of these requirements, companies in 2023 will focus on assessing what to report.
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