Bloomberg has launched a new data mapping and materiality assessment tool to help investors 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 refer to the 17 categories of goals adopted as part of the 2030 Agenda for Sustainable Development.
SDG targets include ending poverty and hunger, improving education, and protecting the environment.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.
The new tool integrates the UN Environment Programme Finance Initiative (UNEP FI) Sector Impact Map – which charts economic sectors and activities to different impact areas – into Bloomberg’s environment, social and governance (ESG) data offerings.
The 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
“We have developed a range of impact management tools and resources across the three pillars of sustainable development and across economic sectors and activities, mapping related negative and positive impacts,” said Careen Abb, SDGs and impact lead at UNEP FI.
Patricia Torres, global head of sustainable fnance solutions at Bloomberg, added, “Bloomberg’s ESG data, research and analytics help clients mitigate risk and comply with new and emerging regulatory requirements, and pursue investments aligned with their sustainability commitments.
By mapping the UN Sector Impact Map to our comprehensive and high quality ESG data, our customers can bridge the gap between ESG integration and Impact investing, acting with more clarity and transparency.”
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