A Decade of Impact: Bloomberg LP Improves Energy Efficiency by 45%

Thursday, April 11, 2019

A Decade of Impact: Bloomberg LP Improves Energy Efficiency by 45%

Bloomberg LP’s sustainable business practices have improved the company’s energy efficiency by 45% since 2008, avoiding more than 1 million metric tonnes of CO2e emissions, according to the company’s 10th annual Impact Report released today. Bloomberg is on target to reach 35% renewable energy use in 2020, continuing on its path of 100% renewable energy by 2025.

“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. “The more we can accelerate investment in projects that both reduce emissions and create jobs, the more progress we can make reducing health and economic risks.” Read his letter here.

In 2018, Bloomberg LP launched two new climate finance initiatives to further complement the company’s work with the FSB Task Force on Climate-related Financial Disclosures (TCFD). The Climate Finance Leadership Initiative (CFLI) and the U.S. Alliance for Sustainable Finance (USASF) are coalitions of influential investors promoting and scaling innovative investment opportunities in the transition...

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