EMPLOYEE ENGAGEMENT WITHIN A SUSTAINABILITY STRATEGY. April, 2012. Bloomberg’s Sustainability Strategy is to redefine what it means to be a ‘sustainable business’. We have pursued several broad goals as part of this mission Reduce our energy, emissions, waste and water consumption
Our mission and goals reflect a concept of sustainability as a material determinant of a well run company
We developed a framework to evaluate opportunities and determine investment attractiveness
The framework enabled Bloomberg to identify and execute high value projects with multiple benefits
Avoided equivalent of one year of emissions from operations
Project distribution by Department
Collaborating with and supporting NGOs driving sustainability standard setting , disclosure and market development through voluntary, multi stakeholder efforts
"Every Wall Street analyst has a Bloomberg and looks at it every day," says Adam Kanzer, of Domini Social Investments. "Analysts are going to say, 'If Bloomberg thinks this is important, maybe I ought to be paying attention.' "
“ESG is here to stay,” adds Curtis Ravenel, head of global sustainability initiatives at Bloomberg. “The lack of this data is a fundamental market externality that the market needs to internalise.”
Bloomberg: A paragon of what they preach
By William D Alessandro on August 02, 2011 at 2:32pm.
In April 2009 Emil Efthimides, the manager of environmental, social, and governance (ESG) data for Bloomberg L.P., joined a panel at a conference in San Francisco to promote a new product. His financial data services company was adding sustainability metrics to the real-time corporate profiles accessed by the 300,000-odd subscribers to Bloomberg’s computer terminals. More than 100 ESG measures and ratios would be available on their screens at no extra charge.
Only about one in 10 of Bloomberg’s customers factored ESG criteria into their investment decisions. Now at least they could see the information, Efthimides said.
“Grauer recalled Ravenel pitching the ESG product with his colleagues Gary Turkel and Alex Clode to Doctoroff and himself. ‘They presented it directly to Dan and me at about seven o’clock on a Friday night, and we immediately said, ‘let’s do it’”
Curtis Ravenel’s Bloomberg terminal had a flashing email message from the President of the company, Dan Doctoroff. Curtis was scheduled to meet with Doctoroff and Chairman and CEO Peter Grauer later that day. Doctoroff’s email expressed concern about the environmental, social and governance (ESG) performance investment analysis tools that Curtis and colleagues had spent the past year developing. ESG metrics are used to try and evaluate important intangible or “extra financial” issues - like human capital, risk management, brand, carbon exposure and capacity for innovation - that cannot be accounted for with pure financial analysis.
“Pop some corks. Your first-time report surpasses what few others have accomplished after many tries. “
Risk Mgmt / Analytics
Building the Brand
“Develop a robust employee engagement campaign that influences behavioral change at work AND at home”– Peter Grauer, Bloomberg Chairman
Green Building & Energy Efficiency
Employees need a broad suite of engagement activities that encourage a shift towards sustainable living
In order to tap into the pulse of the Company and be sensitive to regional differences across our global footprint, Bloomberg has developed 13 BGREEN Squads to help us identify local projects, appropriate communications styles and speakers that resonate with our major offices around the world.
Earth Day 2012: Blue Planet
Everyday, we’re encouraging employees to BGREEN.
Sometimes we just need to stop and take it all in, to remember why we’re doing it.
Earth Day is that day, the chance to celebrate our planet.
PC Sleep Program
Internal BGREEN Blog
E-Waste Collection Drives
As sustainability begins to weave its way into the culture of the organization; its important to actively engage your employees. Four examples of active engagement are as follows:
Download our Sustainability Report:www.bloomberg.com/bsustainable
Email Bloomberg Sustainability
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