Bloomberg has announced the introduction of a pioneering tool enabling investors to evaluate the potential impact of a company’s operations on the United Nations’ 17 Sustainable Development Goals (SDGs).
This tool, the first of its kind, is designed to help investors align their portfolios with the SDGs, which aim to achieve global peace and prosperity by 2030.
With the market for impact investing surpassing $1 trillion in assets globally in 2021, the demand for objective SDG-related data is growing.
To bridge the funding gap estimated by the UN for achieving the SDGs, which stands at $2.5-3 trillion annually for developing countries, Bloomberg has integrated the UN Environmental Programme Finance Initiative (UNEP FI) Sector Impact Map into its ESG data offerings.
This map links over 500 sectoral activities to 38 impact topics and the SDGs, identifying both positive and negative impacts companies may have on the environment, society and economic development.
The SDG Impact assessments provided by Bloomberg offer investors vital market information for corporate engagement and security selection.
Bloomberg said its broad data coverage allows for benchmarking and fund classification, supporting investors in navigating the evolving regulatory reporting landscape and sustainable finance standards.
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