Bloomberg Now at Midpoint of Reaching 100% Renewable Energy Target by 2025
NEW YORK, 5 May 2020 /3BL Media/ – Bloomberg LP received 48.5% of its energy from renewable sources in 2019, up from 17% in 2018 and exceeding its 2020 interim goal of 35% of renewables use, according to the company’s 11th annual Impact Report released today.
More than 2,000 Bloomberg employees dedicated 17,370 hours of hands-on action supporting local greening efforts in 33 cities around the world in 2018. Bloomberg employees were dedicated to preserving and restoring our local green spaces throughout the year. In Sydney, nearly 80 employees contributed almost 200 volunteer hours to the Royal Botanic Garden’s Community Greening Project, which improves social cohesion and public health and reduces crime through communal gardening projects.
Bloomberg began investigating renewable energy projects in 2008; our first project, a 1.8 megawatt (MW) solar installation in New Jersey, began providing us with energy in 2012. In 2018, we obtained energy from six on- and off-site solar and wind sites. Our newest installation, a 20MW wind farm in Arkwright, New York, started providing us with energy in October 2018.
The Bloomberg Terminal’s geospatial solutions add eye-opening geographic context to financial analysis
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With growing interest in global warming's impact on business, we’ve built a collection of mapping tools to help companies, investors and researchers better visualize climate-related risks & opportunities.
A Message from Mike Bloomberg, Founder, Bloomberg L.P. and Bloomberg Philanthropies
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“We are committed to leading the way in the fight against climate change. In the coming year, we will continue to ramp up our efforts to build a stronger, more resilient global economy,” said Michael R. Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies.
Clarity would allow businesses to benefit from the transition to a low-carbon economy
Markets do more than help nations prosper. They can help solve our most pressing problems. Case in point: climate change. Financial markets have the potential to improve our prospects for tackling climate change, but only if we make climate risks and opportunities more transparent. Public policy, technology and consumer preferences are advancing, but this backdrop is complex and dynamic. Climate policy can be made and unmade, disruptive technologies can create and destroy value. Along with analysis of wider market conditions, investors need accurate data.
Bloomberg has long believed that environmental sustainability and conservation in the communities in which we live and work is essential. In this edition of Bloomberg 35, we highlight the way Bloomberg as a company and our employees as citizens have partnered with organizations to protect the environment and connect people to nature around the globe.
Measure the impact—accelerate the results Our founder’s ethos of “If you can’t measure it, you can’t manage it” is at the core of everything we do. In 2013, we announced 2020 Targets; we summarize our progress over the past four years.