Bloomberg offers CSDR data in advance of go-live

Bloomberg has granted users access to Corporate Sustainability Reporting Directive (CSDR) data in advance of the 2025 reporting deadline, available through both the Bloomberg Terminal and Data License.

Available data includes historical data of fields either reported voluntarily or under previous regulatory requirements. Additional data fields, covering mandatory and quantitative disclosures around financial and impact materiality, are set to be introduced.

The service uses the European Sustainability Reporting Standards alongside existing Bloomberg data fields. Currently covering data from firms expected to report in 2025, the firm will also include companies that begin reporting in 2026, it stated.

Access to CSDR data already being reported by companies will holistically inform firms’ sustainability strategies and streamline their own sustainability reporting, Bloomberg said.

On the release, Patricia Torres, global head of sustainable finance solutions, commented: “Better data drives better investment decisions, which is why Bloomberg is taking steps to ensure its clients will benefit from the tremendous increase in the quantity, quality and reliability of ESG data reported under CSRD. By providing high quality ESG data alongside financial data to our clients, we help them understand the sustainability profile of their investments and streamline their reporting.”

Nadia Humphreys, global head of sustainable finance data solutions, added: “Bloomberg has the scale and experience necessary to deliver the broad range of new ESG disclosures under CSRD to our clients in a timely and efficient way. This marks the first milestone of our CSRD solution, which will continue to evolve to capture the depth and breadth of available company-reported data, helping clients to take action and make well-informed decisions.”

©Markets Media Europe 2024

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