A Focus on the Future - Bloomberg’s Latest ESG Webinar - Alice Gabidoulline, Impact Investing Intern, University of Michigan
A recent webinar titled ESG Integration Across Asset Classes displayed Bloomberg’s focus on recognizing the need for data centered, environmental, social and governance (ESG) metrics within every investor’s portfolio. Bloomberg is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. As a part of Bloomberg’s Portfolio & Index Research Conference, the webinar provided technical details on the firm's efforts to measure ESG. ( Creative Investment Research has been measuring ESG impacts since 1989 .) A three-pronged approach—analyzing the carbon transition, power sector transition, and climate policies—underlies Bloomberg’s climate scores. With a focus on climate impact and commodities, Bloomberg presented two approaches to measuring carbon emissions—the number one priority of the Paris Climate Agreement benchmarks. First, Bloomberg experts used company level data and Bloomberg Industry Classification Standard (BICS).