Bloomberg has introduced a brand new knowledge providing at the Bloomberg Terminal which collates the knowledge that businesses have began to file as a part of the EU’s Company Sustainability Reporting Directive (CSRD).
The brand new providing can also be to be had by the use of Information License for scalable enterprise-wide use.
CSRD will increase the scope of corporations required to reveal ESG knowledge publicly and widens reporting to greater than 1,000 metrics overlaying each monetary and have an effect on materiality standards.
As soon as reporting necessities start in 2025, Bloomberg mentioned that the brand new knowledge providing will lend a hand to holistically tell the sustainability technique of economic corporations and can lend a hand with the sustainability reporting in their financing actions.
“Higher knowledge drives higher funding choices, which is why Bloomberg is taking steps to make sure its shoppers will get pleasure from the super build up within the amount, high quality and reliability of ESG knowledge reported underneath CSRD,” mentioned Patricia Torres, international head of sustainable finance answers at Bloomberg.
“By way of offering prime quality ESG knowledge along monetary knowledge to our shoppers, we lend a hand them seamlessly perceive the sustainability profile in their investments and streamline their reporting.”
The brand new providing is in line with a mapping of the Ecu Sustainability Reporting Requirements (ESRS) to current Bloomberg knowledge fields.
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The brand new providing contains historic knowledge for a subset of fields reported by way of establishments voluntarily or as a part of earlier regulatory necessities. Further fields shall be evolved, making sure shoppers have get entry to to necessary quantitative disclosures overlaying each monetary and have an effect on materiality.
Firms required to file in 2025 are already incorporated in Bloomberg’s protection, with plans to increase protection to incorporate the corporations that may begin to file in 2026.
“Bloomberg has the dimensions and enjoy essential to ship the wide vary of latest ESG disclosures underneath CSRD to our shoppers in a well timed and environment friendly method,” added Nadia Humphreys, international head of sustainable finance date answers at Bloomberg.
“This marks the primary milestone of our CSRD resolution, which can proceed to conform to seize the intensity and breadth of to be had company-reported knowledge, serving to shoppers to do so and make well-informed choices.”
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