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Bloomberg Publishes 2023 Impact Report

3BL Media

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.

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Investors Face Rising Tide of Water Risks

Chris Hall

“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 impact investment portfolios.” CDP rates corporate water-related risks at a minimum of US$225 billion.

CDP 59
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UK Urged to Move Away from Single Materiality Mindset

Chris Hall

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”.

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Sustainability trends 2023

Carlos Sanchez

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.