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Bloomberg reports on sustainability and environmental progress

Bloomberg L.P. reports that its new European headquarters in London has been awarded the world’s highest rating for large office development by a respected UK evaluation consultancy. 

          The headquarters was given a 98.5 per cent score under the environmental assessment method of the Building Research Establishment, the building science centre based in Hertfordshire. 

          During the past year, five new offices were also given the Leadership in Energy and Environmental Design certification, the US green building standard.   

          The awards were among the sustainability and environmental achievements listed in the company’s 2017 impact report. 

          Bloomberg, the US global business and financial information and news provider, records that in the past nine years 834,209 metric tonnes have been cut from its worldwide carbon dioxide emissions through efficiency and environmental measures. 

          It calculates that in addition these policies reduced operating costs by $103m (£77m, €88m). 

          As an information source it reports that nearly 15,000 customers used environmental, social and governance data offered by the Bloomberg Terminal, its computer software system giving financial facts – 22 per cent more than in 2016. 

          Bloomberg says its focus on people was represented in its gender-equality index, which became sector-neutral last year so that its data survey was opened up to companies in all industries. As a result membership doubled in one year to 104 businesses from ten sectors with centres in 24 countries and regions. 

          Its people policy was reflected further in its staff volunteer service. Last year more than 12,000 employees in 92 cities worldwide gave 145,000 hours to help communities and protect the environment.

          Curtis Ravenel, global head of sustainable business and finance, said: “At Bloomberg we have been a long believer that sustainable business is good business, and our impact report continues to emphasise how we are proving the business case for sustainability. 

          “More disclosure on how companies will be affected by climate change will help investors make more informed decisions. 

          “We’ve led the work on the TCFD [Task Force on Climate-Related Financial Disclosures formed by the G20 Financial Stability Board] and set an example by adopting TCFD recommendations in our impact report.”