Tag: civil society
Launch comes hot on the heels of moves from ISS, Moody's and MSCI Launch comes hot on the heels of moves from ISS, Moody's and MSCI Launch comes hot on the heels of moves from ISS, Moody's and MSCI
Aug 11th, 2020
Bloomberg has thrown its hat into the ring in the race to become the dominant provider of sustainability data and ratings, launching its first in-house ESG scores for investors.
The financial titan - whose namesake, Michael Bloomberg, chairs the Taskforce on Climate-related Financial Disclosures, through which more than 1,000 organisations have agreed to report on climate risk - will begin by scoring Oil & Gas firms on environmental and social performance, and will assess thousands of companies’ board composition.
The environmental and social scores will initially cover 252 companies in Oil & Gas, because of the sector’s systemic role in climate change, and because “there is typically stronger disclosure data from these companies”, Bloomberg said in a statement. Data will be used to assess performance on areas including climate change and health & safety, and firms will be compared with industry peers.
Reflecting an increasing focus by i…