Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Approach
About this report
Message from Mike

03

About Bloomberg L.P.

04

Governance05

Stakeholder engagement

06

Risk management

08

Materiality assessment

10

Sustainability strategy

11

Environmental impact
Reducing our emissions

12

Supporting climate action

22

The report features content from Bloomberg L.P.,
Bloomberg Philanthropies, as well as their affiliatedentities (collectively, “Bloomberg”), describing business,environmental and social issues that have a direct andsignificant impact on our company, our employees
and our strategic partners, as well as issues that ourorganization has a unique opportunity to influence.
Our business units and operational divisions provided
content and data for this report. The annual data
presented in this report covers our 2022 fiscal year
(January 1 to December 31, 2022).
This report has been prepared in accordance with the
GRI Sustainability Reporting Standards; the Sustainability
Accounting Standards Board (SASB) standards andits industry-specific accounting standards; the Task
Force on Climate-related Financial Disclosures (TCFD)
recommendations; and select content from CDP. The
sustainability data, disclosures and claims in this report
have been verified by Cventure LLC.

Social impact
Investing in our people

41

Driving social change

53

What do those small gray numbers on the bottomof each page mean?
Where the report fulfills specific GRI or SASB disclosures,
we note the disclosure on the corresponding page.

Cover photo: The “living wall” at Bloomberg’s European Headquarters in London.
2022 Impact Report2Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Message from Mike.
The world is in transition, and the right data can help us
move faster into the future.
The world is in transition, moving away from a past powered and polluted by fossil
fuels and heading towards a future that runs on clean and renewable energy. We
aren’t nearly as far along as we should be in order to avoid the worst harms of climatechange. But the right tools and support can help companies and policymakers pickup the pace — and at Bloomberg, we’re working harder than ever to provide them.
In 2022, Bloomberg and Bloomberg Philanthropies led a number of new efforts toincrease access to data that can help our customers, and public and private sector
leaders around the world, make more informed decisions about climate risks andopportunities. Transparency can play a powerful role in helping to accelerate theglobal economy’s transition to net-zero emissions, and this work is part of ourbroader effort to provide valuable data, research and insights on a wide-range ofenvironmental, social and governance (ESG) issues, as this report details.
One of the biggest steps we took in 2022 occurred at the United Nations’ COP27
climate conference in Egypt. We joined French President Emmanuel Macron inannouncing recommendations for a new public data portal that will provide accurate
corporate climate-related data in one place for the first time, increasing transparency.
Also during the summit, the FAST-Infra Group announced that Bloomberg will help
lead the implementation of a labeling system that will allow investors to see whether
certain infrastructure projects, like electricity transmission grids and data centers,
meet sustainability criteria, with the goal of driving more capital to sustainableinfrastructure.

Of course, we’re also committed to leading by example. Almost 55 percent of
Bloomberg’s global electricity is already sourced from renewable energy projects,
and we are on track to achieve our goal of obtaining 100 percent of our electricity
from certified renewable sources by 2025. In February 2023, the Science-Based
Targets initiative (SBTi) verified that our company’s targets are in line with the global
emissions reductions needed to limit the global temperature rise to 1.5°C.
Virtually all of our company’s profits go to fund the work of Bloomberg Philanthropies,
which is leading programs around the world to cut emissions and grow cleaner
energy. In 2022, we expanded our efforts to move the world beyond coal andincrease access to clean, affordable energy in developing countries. In the U.S., welaunched a new campaign to stop the expansion of petrochemical plants, which area growing environmental and public health problem. At the same time, nearly 15,000
Bloomberg employees volunteered in community projects across the world in 2022.
These included initiatives to protect the environment and programs to promoteeconomic opportunity through training and mentoring.
We’ve always believed in giving back to the communities where we live and work, andin investing in our company’s most important asset: our people. The stronger andmore diverse our team grows, the more we’ll succeed – and the bigger impact we canhave, as this report shows. It’s a good summary of how, together, we are leading theway forward – and helping our customers and others to join us.

Meanwhile, our work with the Glasgow Financial Alliance for Net Zero (GFANZ) took
important steps forward. Our coalition launched new tools to help financial firms
develop credible plans for cutting emissions across their portfolios. Moving the
global economy to net zero will require an enormous amount of new investment,
and new strategies to support global economic growth without growing emissions.
Financial institutions have a critical role to play, and through GFANZ, we’re working toknock down barriers that stand in the way.

2022 Impact Report3Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

About Bloomberg L.P.
Bloomberg, the global business and financial informationand news leader, gives influential decision makers
a critical edge by connecting them to a dynamic networkof information, people and ideas.
Our company

Our business philosophyOur products

Our operationsOur people

Bloomberg L.P. is a privately
held limited partnership
headquartered in New York
City. We have approximately
22,000 employees based in 166
locations around the world, withprimary offices in the UnitedStates, the United Kingdom,
Germany, Japan, China,
Hong Kong (SAR), Singapore,
Australia, Brazil, India and theUnited Arab Emirates.

Since its founding in 1981,
Bloomberg has been guided
by the principle that transparent
markets empower investors,
fuel entrepreneurs and support
economic growth. Better data
leads to better decisions.
Moving forward, the world
needs sustainable economic
growth, and we have evolved
our mission to provide ourclients with the data theyneed to navigate thechanging landscape andsuccessfully transition to a
low-carbon economy.

Bloomberg
Professional Services

Our business operates in 5.4
million owned and leased
square feet of space in 70
countries, including 4 significant
data centers crucial to ouroperations and customers,
10 television studios, 12 radio
studios and 6 printing facilities.
We publish three magazines,
Bloomberg Businessweek,
Bloomberg Markets andBloomberg Green, printing anddistributing 12 million copies
globally in 2022.

Our employees include
engineers, developers, data
scientists, product designers,
journalists and professionals in
corporate roles.

The vast majority of the profits
from Bloomberg L.P. goesto Bloomberg Philanthropies,
which works to ensure better longer
lives for the greatest number of people.
GRI: 2-1, 2-6, 2-7
SASB: TC–IM–000.A; SV–ME 000.A; SV–ME–000.B; SV–PS–000.A

Bloomberg Professional
Services — the Bloomberg
Terminal® and our enterprisedata management andintegration services — provide
real-time data, breaking news,
in-depth research, powerful
analytics and world-classexecution capabilities to help
financial professionals makesmarter, faster and betterinformed decisions.

The vast majority of the profits
from Bloomberg L.P. goes toBloomberg Philanthropies,
which works to improve the livesof millions of people aroundthe world.

News & media
Bloomberg Editorial & Researchdraws on the work of 2,700
journalists and analysts across
120 countries. Bloomberg
Media, our consumer-facing
media division, is a leading,global, multiplatform brandthat provides decision makers
with timely news, analysis
and intelligence on business,
technology and more. It reaches
influential audiences worldwide
across every platform, including
digital, social, TV, radio, print andlive events.

To learn more about Bloomberg,
visit bloomberg.com/company.

2022 Impact Report4Contents

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Reducing our emissions

Supporting climate action

Investing in our people

Governance.

Workplace Operations3

Our company’s leaders drive
our sustainability efforts.

Business continuity planning

Bloomberg’s Management Committee oversees corporate strategy
and operations. The Management Committee has eight members:
the company Founder, Co-Founder, Chairman, Chief Commercial
Officer and Chief Product Officer (who also both serve as Vice
Chairs of Bloomberg L.P.), Chief Enterprise Officer, Chief Legal
Officer and the CEO of Bloomberg Philanthropies.
Responsibility for sustainability is embedded into relevant business
units, including External Relations, Human Resources, the Chief Risk
Office, Procurement, the Sustainable Finance Solutions group in ourCore Products division and Workplace Operations & Supply Chain.
Each business head is responsible for formulating the company’ssustainability strategy for their business unit, including addressing
climate-related risks and opportunities. The Management
Committee is consulted and updated on a regular basis andprovides direction and resource allocation.
Climate-related governanceWe conduct climate-related scenario analysis and disclose ourgovernance around climate-related risks and opportunities inaccordance with the recommendations of the FSB Task Force on
Climate-related Financial Disclosures (TCFD).
View our TCFD supplement here.

Building efficiency & resiliencyBenefits
Corporate Philanthropy

Renewable energy

Diversity & Inclusion

Supply chain

Leadership & Talent Development

Waste management

Products3

Michael R. Bloomberg1

Delivering ESG information,
tools, research & news

Founder, Bloomberg L.P. andBloomberg Philanthropies

Bloomberg Industry Group
Bloomberg Government
Bloomberg Law
Bloomberg Tax

UN Secretary-General’s Special
Envoy on Climate Ambition
and Solutions

Editorial & Research
Bloomberg Economics
Bloomberg Intelligence
BloombergNEF
Bloomberg News
Financial Products
Analytics
Data
Indices
ScoresGlobal Advisor to The Earthshot
Prize Winners

Sustainability
at Bloomberg
Sustainability is embeddedin the Bloomberg
organization

Media
Bloomberg Digital
Bloomberg Live
Bloomberg New Economy
Bloomberg Quicktake
Bloomberg Originals
Bloomberg Radio
Bloomberg TV

Partial list of activities.

Bloomberg L.P., Bloomberg Philanthropies and their affiliated entities are also working
to support global efforts in the climate space. Bloomberg L.P.’s Government Relations
team supports and manages both Company initiatives (like CFLI) and also projects led
by Mike Bloomberg personally and Bloomberg Philanthropies, through the provision of
resources (including GFANZ and TCFD).

3

Bloomberg L.P. and its affiliates

GRI: 2-9, 2-13

Investing in people

Pantry & food services

Taking action to protect the planet
2

Employees &Community3

Facilities & data centers

Bloomberg
Philanthropies
1

Driving social change

Global Clean Energy Transition
Local Climate Action

President of the Board, C40 Cities
Climate Leadership Group
Co-Chair, Global Covenant ofMayors for Climate & Energy
Co-Chair, America Is All In
Co-Chair, Glasgow Financial Alliancefor Net Zero (GFANZ)
Chair, Task Force on Climate-related
Financial Disclosures (TCFD)
Chair, Climate Finance Leadership
Initiative (CFLI)

Government
Relations & Policy2
Scaling up transparency & climate finance
Climate Data Steering Committee (CDSC)
Climate Finance Leadership Initiative (CFLI)Air Quality

Glasgow Financial Alliance for
Net Zero (GFANZ)

Sustainable Finance

Net Zero Data Public Utility (NZDPU)

Bloomberg Ocean Initiative

Task Force on Climate-related Financial
Disclosures (TCFD)
2022 Impact Report5Contents

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Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Stakeholder engagement.
Our stakeholders help shape our sustainability efforts
by sharing valuable feedback on new ideas, best practices,
emerging technologies and industry trends.
Stakeholder

Engagement channels

Top issues

Our response

Customers• Periodic customer surveys• Market research• Customer education• Help desk tickets• Sales visits• Market-led initiatives and events• Customer advisory groups• Philanthropic partnerships• Expansion of quality ESG datasets• Workflow tools that incorporate ESG factors into
investment decisions• Analytics that enable benchmarking sustainability
efforts against peers• Research to keep informed of trends• Clarifying climate risks and opportunities• Reporting on the business and science ofclimate change• Advancing the conversation• Strengthening market-driven action on climate• Promoting an inclusive global economy• Events and training• Emails and newsletters• Surveys• Diversity & Inclusion (D&I) communities
and champions• Sustainability Squads• Employee volunteering, giving andaccess programs• A diverse, equitable and inclusive culture• Programs, policies and benefits that support
work-life success, health and well-being• The company’s response to climate change andimpact on the community• Creating a culture of diversity, equity and inclusion• Activating every employee’s potential• Helping employees thrive• Making connections• Carbon emissions reductions and targets• Protecting the planet• Addressing the world’s most pressing needs• Supplier Code of Conduct• Sustainability requirements in relevant RFPs
and master service agreements• Monthly and quarterly business reviews• Vendor performance assessments• Security of IT systems and data storage• Supplier diversity• Sustainability of materials and products• Supply chain disruptions, lead times andfreight options• Sustainable operations, including building
certifications and sustainable travel programs• Risk management• Promoting an inclusive global economy• Carbon emissions reductions and targets• Facilities• Business activities• Gender equality reporting framework• Corporate Advisory Board• Bloomberg and industry events• Industry associations• Emails and newsletters• Attracting talent• Gender equality• Social impact• Climate risks and opportunities• ESG disclosures• Clarifying climate risks and opportunities• Reporting on the business and science ofclimate change• Advancing the conversation• Strengthening market-driven action on climate• Protecting the planet• Promoting an inclusive global economy• Meetings• Strategic long-term relationship management• Campaign development and support• Grants• Employee volunteering, giving andaccess programs• Events, forums and conferences• Social and economic inequality• Unequal access to data and technology• Climate change• Health crises and disasters• Strengthening market-driven action on climate• Protecting the planet• Promoting an inclusive global economy• Expanding access to data and technology• Supporting diverse voices in media and the arts
• Addressing the world’s most pressing needs

Business and financial services professionals,
corporations, policymakers

Employees
Engineers, developers, data scientists, productdesigners, journalists, professionals in corporate roles

Suppliers
Hardware and furniture manufacturers, energy
suppliers, facilities suppliers, retailers, external
corporate services agencies, consultants, software
vendors, benefits vendors, travel vendors

Corporations
C-suite, HR, sustainability teams, risk managers,
investor relations

Communities
Local, national and global nonprofits, educational
and art institutions

GRI: 2-29

2022 Impact Report6

Contents

Approach

Reducing our emissions

Stakeholder engagement.
Raising the bar.
Bloomberg engages with numerous NGO and industry partners to ensure we arefollowing or exceeding best practices for sustainability. These partners include:

Supporting climate action

Investing in our people

Driving social change

Moving forward
In 2022, both WBCSD and Ceres put new expectations in place to help their members
define, meet and exceed baseline levels of ambition and action required to bring aboutsustainable transformation. Bloomberg is partially or fully meeting expectations in mostareas and is leveraging this additional guidance to identify room for improvement.
WBCSD membership criteria
Set an ambition to reach net zero greenhouse gas (GHG) emissions, nolater than 2050 and have a science-informed plan to achieve it

UN Global Compact: Bloomberg is asignatory of the UN Global Compact
and incorporates the Ten Principlesof the UN Global Compact into ourbusiness. We submit a “Communication
on Progress” report to the Global
Compact each year detailing
Bloomberg’s progress on the Ten
Principles.

WBCSD: The World BusinessCouncil for Sustainable Development(WBCSD) is a global, CEO-ledcommunity of more than 200 of theworld’s leading sustainable businesses
working collectively to accelerate thesystem transformations needed fora net-zero, nature positive and more
equitable future.

Principles for Responsible Investment:
Bloomberg is a signatory of the
Principles for Responsible Investment(PRI), demonstrating our commitment
to responsible investment. As asignatory, Bloomberg incorporates
the six voluntary Principles for
Responsible Investment into its
investment practices.

Ceres: Ceres is a nonprofit
organization working with the mostinfluential capital market leaders tosolve the world’s greatest sustainability
challenges. Bloomberg belongs to
the Ceres Company Network, a groupof companies committed to driving
sustainable business leadership andtaking action to stabilize the climate,protect water and natural resources
and build a just and inclusive economy.

Set ambitious, science-informed, short and mid-term environmental
goals that contribute to nature/biodiversity recovery by 2050
Declare support for the UN Guiding Principles on Business and Human
Rights by having in place a policy to respect human rights and a humanrights due diligence process
Declare support for inclusion, equality, diversity and the elimination of
any form of discrimination
Operate at the highest level of transparency by disclosing material
sustainability information in line with the TCFD and align enterprise risk
management with ESG risks1

Ceres member expectations
Business integration expectations
Executive management acknowledgement of sustainability as a business
imperative
Regular and public disclosure of sustainable business priorities andperformance
Regular, constructive engagement with Ceres
Ongoing improvement of sustainable business integration
Performance expectations
Scope 1, 2 and 3 GHG emissions reduction targets

Key:

Achieved

In Progress

Bloomberg has achieved the WBCSD’s Sustainability Reporting and TCFD Alignment
criteria; we are working to meet the Enterprise Risk Management criteria.
12Water and natural resources impacts are not highly material to Bloomberg’s business.

GRI: 2-28, 2-29

Water and natural resources policies/targets

N/A 2

Human rights policy for direct and indirect employees
Representation targets for historically disadvantaged/underrepresented
groups2022 Impact Report7

Contents

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Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Risk management.
We identify, assess and manage risks forour products, operations and people toenhance our sustainability.
Bloomberg is committed toappropriately managing risk andminimizing the impact of risk on theachievement of business objectives.
Bloomberg views risk management as
an integrated business process essential
to the overall success of the business.
Risk management is incorporated
into standard management processes
such as business planning, investment
analysis, project management,
operational management andmanagement reporting.
Here’s how we manage risk aroundsome of our key material issues.
Products
Information security
Bloomberg’s Chief Information Security
Office (CISO) works to minimize
the likelihood and impact of cyberattacks and data incidents on
Bloomberg systems.
Three CISO teams — Product Security,
Threat and Vulnerability Management
and the Cyber Security Operations
Center — manage threats. Product
Security conducts security code andarchitecture reviews, testing and training
to ensure that Bloomberg products andsystems are built to reduce the number
and severity of vulnerabilities.

Threat and Vulnerability Management
continuously identifies, assesses andreports on vulnerabilities, working withstakeholders across the organization
to prioritize and guide remediation
efforts. The Cyber Security Operations
Center monitors cybersecurity eventsand provides incident management
services, including security event triage
and escalation. CISO also provides
mandatory annual information security
training to all employees as well as
specialized training to employees incertain roles.
Data privacy
Bloomberg is committed to compliancewith our privacy obligations throughout
the world. We respect the privacy rightsof our users and are strongly committed
to protecting our users’ information.
We restrict employee access to thisinformation, allowing access only if
the data is required for carrying out
employees’ roles and responsibilities.
The privacy notices we provide explain
our personal data collection, use anddisclosure practices. All employees
receive mandatory data privacy
training annually.

Operations
Business continuity
Unanticipated events such as flooding,fires and epidemics and anticipated
events such as hurricanes and politicalactivity may disrupt business activities
and affect Bloomberg facilities,
infrastructure, personnel, products,
services and/or functions. Bloomberg’sEnterprise Resilience and IncidentManagement team systematically
identifies, analyzes and evaluates therisk of business disruptions to thecompany; designs, implements andtests our business continuity strategies;
and responds to incidents that may
compromise normal operations.
Our business continuity tools andprocesses protect the integrity of ouroperations and allow us to continue
supporting clients while resolving
interruptions as quickly as possible.
Climate risk
As the climate changes, natural disasters
such as hurricanes, droughts andwildfires are becoming more common,
sea levels are rising and ecosystems arebeing disrupted. These physical riskspresent our business with potential
threats to assets, infrastructure andoperations. Bloomberg assesses risks
to existing facilities and potential

new locations through a systemic risk
assessment process that includes
horizon scanning and peer review, in
addition to implementing mitigation
and resiliency measures to ensure
the safety of our employees anduninterrupted service to our customers.
These measures include infrastructure
upgrades and renewable energy
procurement as well as delivering
personal protective equipment to ouremployees during air-quality crises andother disasters.
We conduct climate scenario analysis inline with the TCFD recommendations.
Through our 2021-22 climate scenario
analysis, we identified opportunities
to improve our management andgovernance of climate risk. In 2022, we
worked to further integrate ESG factors,
with a focus on climate risk, into ourEnterprise Risk Management processes,
including developing an ESG risktaxonomy and framework.
Read more about our climate scenario
analysis process and findings in our
TCFD supplement.

2022 Impact Report8

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Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Risk management.
PeopleBusiness ethics

Behavioral standards

Human rights

Supply chain

The Bloomberg Global Core Guide
provides employees with information
about their employment terms, benefits
and responsibilities. These clear andtransparent ethical standards serve as
the foundation for our work culture andcreate an environment in which our
employees can do their best work.

Bloomberg requires employees to
conduct themselves and our business at
the highest ethical level, with integrity
and within guidelines that prohibit
actual or potential conflicts of interestor the perception of impropriety. All
employees must complete mandatory
training annually, including sessions on
Bloomberg’s anti-bribery and corruption
policy, our social media standards, ouranti-harassment and anti-discrimination
policies, sanctions compliance andavoiding conflicts of interest.

Bloomberg maintains a continuing
policy of non-discrimination in
employment. Bloomberg complies
with all applicable laws and regulations
protecting employees’ rights to unionizein the workplace as well as laws on
modern slavery, including forced andchild labor. Bloomberg publishes
Modern Slavery statements detailingthe firm’s commitment and controls
to mitigate the risk and exposure tomodern slavery risks in our supply chain
or any part of our business. In 2022, we
engaged our NGO partner Ceres toprovide guidance on our human rights
policies and due diligence processes toensure we are following best practices
and are in alignment with the UN
Guiding Principles on Business andHuman Rights.

Our Supplier Code of Conduct andSustainable Operating Guidelines help
to ensure that we source goods andservices from vendors that operate ina responsible and sustainable manner.
Bloomberg is committed to working
with our vendors to operate an efficientand sustainable supply chain that
supports corporate responsibility,
creating long-term value and mitigatingrisk. In 2022, we engaged our NGO
partner BSR to provide an assessment
and guidance on increasing our
maturity in responsible supply
chain management.

Bloomberg takes allegations of
misconduct seriously and does nottolerate retaliation against employees
who raise ethical concerns in good faithor assist with investigations. Employees
and non-employees who wish to submit
concerns about ethical misconduct
anonymously can do so through our
Bloomberg Ethics Hotline.

The Bloomberg Employee Code of
Conduct and Ethics (part of the Global
Core Guide), the Journalistic Codeof Conduct and The Bloomberg Way
set out the standards we expect ouremployees to follow. The Bloomberg
Way spells out our guiding principlesof transparency, accuracy and integrity
for the News organization. Everyone
across the organization involved innews gathering receives our code of
conduct, which they are required to signin addition to receiving training covering
ethics, conflicts of interest andfairness issues.

Our ethical standards create anenvironment in which our employees
can do their best work.
2022 Impact Report9Contents

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Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Materiality assessment.
Our approach to sustainability
begins with a question:
What environmental, social andgovernance issues are relevant
to our business and our stakeholders?

We conducted our most recent materiality assessment in 2020, using the findings
to guide us as we updated our sustainability strategy and set goals for 2025 andbeyond. The internal and external issues that have the most impact on our businessare described below.
Tier 1 issues are our priority issues — those that impact our company and our
employees from a business, environmental and/or social perspective.
Tier 2 issues are issues that may have a limited impact on our company/businessdirectly but impact our strategic partners and stakeholders or the environment.
Tier 3 issues do not have a significant, direct impact on our company or
strategic partners.

Issue

Environmental

Tier 1•

Energy efficiency of offices/data centers•

Employee diversity/equity/inclusion•

Cyber security•

New/enhanced ESG products/services•

Utilization of renewable energy•

Employee attraction/retention/engagement•

Ethical conduct•

BLP Media/News focus on ESG issues•

Employee harassment/non-discrimination•

Disaster response/business continuity••

Social/racial equality•

External ESG disclosure creening suppliers for environmental/
Ssocial criteria•

Employee wellness, health and safety•

Board diversity••

Engagement in the community

Integration of ESG into non-ESG-focused
products/services•

BLP supply chain labor risks

Tier 2Tier 3BLP sustainable business travel practices
Waste reduction/diversion from landfill• Impact of BLP locations on
local communities

SocialGovernance

Cross-ESG••

Employee grievance mechanisms•

Board oversight of ESG

•

•

•

Poverty/wealth inequality•

 ormal management accountability
F
for ESG LP participation in advancing
B
an inclusive economy••

Public policy engagement

 arbon emissions from BLPC
upstream activities•

Water/wastewater management•

 reedom of association/F
collective bargaining

Non-confidential Tier 1 Environmental, Social and Cross-ESG issues are discussed in detailin our annual Impact Report. For additional discussion of our material issues, please see our
GRI Content Index and 2022 SASB disclosure.

GRI: 3-1, 3-2, 3-32022 Impact Report 10

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Sustainability strategy.
Looking ahead.
With about a decade to prevent a devastating level of global warming,
governments and businesses are shifting their focus to building a low-carbon
global economy. Our sustainability strategy ensures that our company is not only
able to adapt to changing markets, but also able to maximize its contributions tocollective multinational efforts to hold the line on climate change.
We drafted our strategy based on the findings of our 2020 materiality assessment
and refined it through a process that included consulting with stakeholders andmapping our alignment to the United Nations Sustainable Development Goals(SDGs). Our work contributes to nearly all of the 17 goals. Following best practices,
we focus our efforts on the SDGs where we believe we can have thegreatest impact.
Our sustainability strategy.
SDGs
Environmental
impactClick on “Strategic priorities” to learn more.
Strategic priorities

Goals

Reduce our emissions in linewith a 1.5°C future•

Set and achieve science-based targets for emissions reductions on the path to net zero•Obtain 100% of our electricity from renewable sources by 2025•

 ind and maintain further energy efficiencies in data centers (5% improvement in PUE)F
and offices (10% reduction in energy intensity)•

Divert 95% of total operational waste (kg) from landfill by 2030•

Reduce total operational waste (kg) by 75% by 2030•

Develop sustainable finance products for a wide range of investors•

Expand energy transition research and analysis•

Be the indispensable guide to climate change•

Strengthen the financial markets’ response to the impacts of climate change•

Bring together diverse stakeholders to address climate challenges•

Drive measurable, local action on climate change•

Deliver leadership advocacy and accountability that equally values all perspectives•

Engage, integrate and ally with underrepresented talent•

Improve the representation and advancement of underrepresented talent•

Deliver best-in-class benefits and training•

Engage employees in Bloomberg’s philanthropic initiatives and culture•

Promote an inclusive global economy•

Expand access to data and technology

Support coherent, impactful
climate action

Social impact

Invest in an increasingly
diverse workforce

Drive change on critical social issues

GRI: 201–2

As a financial information and technology company with a relatively small
operational footprint, we recognize that some of our most significant impact comesfrom serving as an innovator and a champion for new sustainability solutions —pioneering new technologies, promoting new ideas and leading collaborative
efforts with business and civic partners to develop sustainable best practices.
Our strategy elevates the opportunities we have to advance sustainability
beyond Bloomberg.

•

Support diverse voices in media and the arts•

Address the world’s most pressing needs
11

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Reducing our emissions

We’re reducing ouremissions in linewith a 1.5°C future.
Bloomberg strives to decouple company growth fromenvironmental impact while increasing the efficiency and resiliencyof our operations. Our environmental performance targets arealigned with multinational efforts to limit the global temperaturerise to 1.5°C above pre-industrial levels and avoid catastrophic
climate change.

Supporting climate action

Investing in our people

Driving social change

Goals

2022 progress

Set and achieve near- and long-termscience-based targets for emissions
reductions on the path to net zero• Near-term targets progress:• Scope 1 & 2 emissions:
38% reduction

Near-term targets:• 80% reduction in Scope 1 & 2 emissions
by 2030 (from 2018 baseline)• 30% reduction in Scope 3 emissions
by 2030 (from 2018 baseline)• Scope 3 emissions:
36% reduction• Net-zero/long-term targets
submitted to the Science
Based Target initiativefor validation1• Obtain 100% of our electricity fromrenewable sources by 2025

• Nearly 55% of global electricity
consumption sourced fromrenewable energy projects,
with an additional 13% of
global electricity sourced fromrenewable certificates

Find and maintain further energy efficiencies
in data centers and buildings:• 8% reduction in energy
intensity in buildings• 10% reduction in energy intensity inbuildings by 2030 (from 2018 baseline)• 2% improvement in energy
efficiency in data centers• 5% improvement in energy efficiency
in data centers by 2030
(from 2018 baseline)

2022 highlights
13

Carbon-emissions reductions and targets

15

Energy17

Facilities

20

Business activities

Divert a minimum of 95% of total
operational waste (kg) from landfill by 2030

• 82% of total operational waste
diverted from landfill

Reduce total operational waste (kg) by 75%
by 2030 (from 2018 baseline)• 58% reduction in total
operational waste

1

Validation received February 2023.

For more details on our environmentally impactful operational activities, see our Performanceby the Numbers supplement.
2022 Impact Report 12

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Carbon emissions reductions and targets.
We’re pursuing aggressive emissions reductions
in line with best practices.
Bloomberg is committed to reducing the company’s greenhouse gas (GHG)
emissions in line with a 1.5°C future.
Our near-term science-based targets aim for an 80 percent reduction in our absolute
Scope 1 and 2 emissions and a 30 percent reduction in our absolute Scope 3
emissions by 2030 from a 2018 baseline. These targets have been validated by the
Science-Based Targets initiative (SBTi), confirming that they are in line with the global
emissions reductions necessary to limit the global temperature rise to 1.5°C.

In early 2023, SBTi also validated Bloomberg’s overall science-based net-zero target
to reach net-zero greenhouse gas emissions across our value chain by 2040 from a2018 base year, which includes long-term absolute emissions reduction targets of
90 percent across our global Scope 1, 2 and 3 emissions.

Our targets build on previous commitments we’ve made, including our RE100 pledge
to obtain 100 percent of our electricity from renewable sources by 2025. Achieving
our RE100 objective will satisfy the 80 percent reductions in Scope 1 and 2 emissions
we are pursuing.

Bloomberg’s science-based targets aim to reduce:

Progress toward science-based targets

Scope 1 emissions

Our near-term science-based targets aim for an 80% reduction in our absolute Scope
1 and 2 emissions and a 30% reduction in our absolute Scope 3 emissions by 2030
from a 2018 baseline.

Direct GHG emissions that occur from Bloomberg’s direct use of fuel,including natural gas, generator oil, refrigerants and vehicle fuelScope 2 emissions

All other Bloomberg indirect GHG emissions, such as business travel, publishing
operations, global logistics, paper usage and landfill waste generation

2030
SBTi reduction
target46,580-38%-80%

54,489

-36%

-30%

2022
emissions

Scope 1

12,915

6,068

Scope 261,801

40,512

Scope 1+2

74,716

Scope 385,646

Indirect GHG emissions associated with Bloomberg’s consumption ofpurchased electricity and steam
Scope 3 emissions

Reduction frombaseline(2022 vs. 2018)2018baseline

Note: Emissions quantities in metric tonnes of carbon dioxide equivalent (MTCO2e).

GRI: 305–1—305–7

2022 Impact Report 13

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Carbon emissions reductions and targets.
The road to net zero
We are committed to achieving our near-term and long-term science-based targets
in accordance with a less-than 1.5°C future-warming scenario. We plan to achieve thisthrough ongoing asset optimizations to reduce energy consumption and associatedcarbon emissions, continued investment in renewable energy projects and increased
rigor in our procurement and travel activities.

Emissions by activity
In 2022, energy consumption, business travel and publishing operations represented 95%
of total operational emissions. Our energy consumption was up slightly, generating half ofBloomberg’s emissions, but it accounted for a lower share of our total emissions than in 2021 as
business travel picked up following the COVID-19 pandemic.

Currently, Bloomberg is purchasing and retiring carbon credits from three climatechange projects to offset our ongoing business travel emissions. Starting in 2025, we
will expand this effort to cover all residual operational CO2e emissions.
Once we meet our long-term science-based target reductions, these emissionsoffsetting efforts will result in Bloomberg receiving SBTi’s official net-zero designation.

Energyconsumption:

49.6%
Businesstravel:38.4%
Assessing air pollution emissions

Publishing
operations:Bloomberg is one of the founding members of the Alliance for Clean
Air, the first global private sector initiative to bring together leadingbusinesses to tackle air pollution.

7.1%

Launched at COP26 by the World Economic Forum, in partnership with
the Clean Air Fund, founding members have committed to measure our
air pollution footprint and create clear, actionable plans to help deliverclean air. In 2022, Bloomberg completed its initial air pollution emissions
inventory and formulated preliminary reduction targets for 2030.

Other:

4.9%

View our clean air targets in our Performance by the Numbers supplement.

GRI: 305–1—305–7

2022 Impact Report 14

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Energy.
Reducing our energy use is a top priority.
As a company with approximately 22,000 employees based in 166 locations globally,
addressing our global energy consumption is critical to reducing our environmental
impact. Bloomberg’s energy strategy is comprehensive, focusing on reducing absoluteenergy consumption, implementing energy efficiency projects at our facilities,
occupying environmentally certified new facilities and investing in developing bothon- and off-site renewable energy projects.
Bloomberg’s energy profile is dominated by electricity, comprising 90.2 percent of
our total energy consumption. Fuel usage, cooling and hot water account for theremaining 9.8 percent of energy use. In 2022, we consumed 352,686 megawatt hours(MWh) of electricity across our global operations, an increase of 2.9 percent from2021. Electricity consumption across our data centers rose by 5.6 percent as a result of
increased capacity. Despite more employees and visitors using our buildings in 2022,
electricity consumption at our offices fell by 1 percent, reflecting the effectiveness ofongoing optimizations.

Total kWh and kWh per employee
As companies grow, total energy consumption typically increases. Therefore, we monitor kWhconsumption per employee as a measure of our overall energy efficiency. In 2022, our overall
kWh consumption increased by 3%. Our kWh consumption per employee decreased by 3%.

17,067

17,533

16,636

16,446

16,114

15,372

15,741

15,56916,187

343M

287M

299M

305M

308M

303M

2016

2017

2018

316M

319M

2019

2020

15,747

353M

268M

2013

2014

2015

kWh/per employee

2021

2022

Total kWh

2022 Impact Report 15

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Energy.
Renewable energy

Path to RE100

In 2022, we secured 192,533 MWh of renewable energy, an increase of 9.7 percent from2021, from 10 on- and off-site solar and wind sites and a hydropower allocation from a
local utility. Sourced renewable energy from these projects represents 54.6 percent ofour global purchased electricity, up from 51.2 percent in 2021.
We began investigating renewable energy projects in 2008; our first project, a1.8MW solar installation at our campus in Princeton, New Jersey, began providing
us with energy in 2012. In 2021, we expanded our solar energy capacity in Princeton,
developing an additional 2.55 MW solar project at our offices there. In March 2022, theproject went live, with solar energy now providing 100 percent of the electricity needed
for the two buildings on site.
Currently, our biggest challenge is procuring renewable energy outside the U.S.
Countries have different markets, incentives and availability, and Bloomberg has lower
energy needs in these locations. In these regions, efforts during 2022 were focused on
securing Renewable Energy Guarantee of Origin (REGO) certificates and EU Guaranteeof Origin (GO) certificates — certificates that guarantee that our suppliers obtain energy
from renewable sources — bundled with our energy purchases. This approach helped
us source an additional 46,782 MWh of renewable energy, equal to 13.3 percent of ourglobal electricity consumption.

Bloomberg has been a signatory of RE100, a global initiative of influential businesses
committed to using 100 percent renewable electricity, since 2016. We have pledged
to obtain 100 percent of our electricity from certified renewable sources by 2025 andcontinue to pursue renewable energy opportunities to drive us towards this objective.
Bloomberg renewable energy at year-end
Bloomberg renewableenergy projects

2018

2019

2020

2021

2022

Owned renewables

MWh

263

280

281

261

286

Power purchase agreements (PPAs)

MWh

3,642

4,204

3,970

3,245

4,295

Virtual PPAs

MWh

34,646

136,311

128,744

135,560

148,636

Other renewables

MWh

12,013

11,97526,00336,45739,315

Total project renewables

MWh50,382

152,770

158,998

175,523

192,533

Additional renewable energy
credits (RECs)

MWh79,301

4

6,910

36,60846,78217MW

20MW

HillTopper
Wind Project

Arkwright SummitWind Project

20KW
London (UK) Solar Project

1.5MW
Queens Solar Project

184KW
Princeton Maintenance
Building Solar Project

4.4MW
Princeton Solar Project

41KW

5MW

San Francisco
Solar Project

Began investigating
renewable energy projects

2008

2009

2010

2011

2012

2013

2014

2015

2016

North Carolina Solar Project
RE100 goal:

54.6%

RE100
commitment
announced

First projects
completed

5MW

Hidalgo Wind Project100%

renewable energy

2017

2018

2019

2020

2021

2022

2023

renewable energy

2024

2025

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Facilities.
We push beyond conventional ideas to minimize theenvironmental impact of our buildings and data centers.
Buildings
In 2022, Bloomberg maintained 162 non-data-center locations globally, representing
5 million square feet, which consumed 147,529 MWh of electricity, approximately
42 percent of our total electricity consumption. By 2030, we are aiming to reduce
electricity consumption per employee across our portfolio of buildings by 10 percent
from a 2018 baseline. In 2022, we achieved a 7.6 percent reduction in energy intensity
against that baseline.

We use our Sustainable Operating Guidelines to steer our ongoing capital andoperational projects and ensure we adhere to best practice, encouraging responsible
procurement, energy conservation and waste minimization and prioritizing the healthand well-being of our employees and visitors. We also provide a number of benefits
and initiatives that encourage and support sustainable behaviors from our staff andvisitors.

We seek to limit, and reduce, the environmental impact of both construction andoccupancy at our buildings by investing in environmentally certified office spaces andincorporating sustainability considerations into our search criteria when looking for
new office space. We also ensure that all new office developments, refurbishments
and expansions are certified or built to Leadership in Energy and Environmental
Design (LEED) or BREEAM standards.
At the end of the year, we had 36 active environmentally certified projects on six
continents, with five more in progress. In 2022, we renewed our BREEAM In-Use
certification for our European headquarters in London, achieving an “Outstanding”
rating recognizing the way in which we operate and manage the building. WithBREEAM “Outstanding” ratings in both the Design and In-Use categories, theBloomberg London office can be considered one of the most sustainable officebuildings in the U.K.
Keeping our employees safe and healthy while in our offices around the world is
a top priority. In the wake of COVID-19, we’ve invested in a variety of measures toreduce the risk of infection while at work, adapting our strategies as the pandemic
has evolved and scientific understanding of the virus has improved. We achieved the
WELL Health-Safety Rating on Facility Operations and Management throughthe International WELL Building Institute in 2021 and pursued our recertification in
2022 for 78 Bloomberg locations representing more than 90 percent of our global
office portfolio (by square foot).

15 projects

19 projects

LEED Platinum

LEED Gold

Our European
headquarters
BREEAM “Outstanding” - Design
BREEAM “Outstanding” - In-Use

Our global
headquarters
3-star Fitwel
certification

78 offices

WELL Health-Safety
Rating80% of Bloomberg
employees
Based in environmentallycertified office space

2022 Impact Report 17

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Facilities.
Data centersOur data centers handle the large volume of data and analytics we provide to our morethan 360,000 customers through Bloomberg Professional Services. These data centers
are critical and energy-intensive assets. While our overall objective is to reduce ourenergy consumption, we cannot compromise the quality of data stored, Bloomberg
Terminal functionality, complexity of routinely performed calculations or uninterrupted
service to our customers. Therefore, with continued business growth, it is expected thatdata center energy consumption will continue to rise.
Anticipating this data center growth, we have set an objective to achieve a 5 percent
improvement in data center energy efficiency from a 2018 baseline. We measuredata center energy efficiency by power usage effectiveness (PUE). PUE indicates how
efficiently a data center uses energy by providing a ratio of the energy used by thefacility to the energy delivered to the IT equipment (a lower PUE is better).
Our latest LEED-certified data center came online in 2022. As a result of the latest
technologies in this brand-new facility and ongoing upgrades and improvements
across our existing sites, our data center PUE in 2022 was 1.40. This is 0.3 percent
lower than the previous year and a 1.9 percent improvement against our 2018 baseline,
indicating that our data center energy efficiency is improving.
Waste
Bloomberg aims to reduce overall waste generation and send zero waste to landfill
or incineration. To maximize resource recovery, we conduct comprehensive waste
segregation at the source, collaborate with our waste vendors in all our major
locations and continue to seek out and implement new waste-reduction strategies,
including physical interventions and employee engagement initiatives.

We expanded the recycling program in our London office to collect flexible plastics
alongside general recycling, coffee cup recycling and compostable waste. We also
continued to educate employees on waste reduction and management in theirbuildings and provided consistent and coherent signage to aid in these efforts.
We’re currently focused on initiatives to replace single-use items with reusable
options, and we encourage employees and visitors to use reusable water bottles,
cups and mugs while in the office. In 2022, we introduced reusable cups and adishwashing service at our New York headquarters and our Princeton office, following
the successful implementation of similar measures in our London office in 2021.
These steps are helping us to avoid the use of thousands of disposable cups per day
in our New York headquarters and in our London office.
We’ve partnered with reusable solutions company Fill it Forward to encourage morereuse by distributing reuse tracker stickers that employees scan on a mobile phone
app each time they refill, generating a donation to a clean water project. Since theprogram’s inception in 2020, we have reached nearly 80,000 reuses. According toFill it Forward, this equates to 2,385 pounds of waste diverted from landfills and 477
pounds of plastic pollution diverted from oceans.
We are also tackling food waste from our pantry and catering operations in New
York, New Jersey and London through partnerships with food-donation platforms,
including FoodShare, Olio and Copia. In 2022, we donated more than 7,700
kilograms of perfectly edible food to shelters and soup kitchens in New York and New
Jersey, including the Dwelling Place and St. Paul’s House. In London, we donatedmore than 5,800 kilograms of food — the equivalent of 12,600 meals — supporting
465 local families.

In 2022, Bloomberg operations generated 2,946 metric tonnes of waste, up 12.4
percent from 2021, and diverted 82 percent of total waste from landfill. Throughout
most of the year, we offered lunch in our offices as part of our COVID-19 safeguarding
efforts; this created increased volumes of food and compostable waste from foodpreparation and packaging.

GRI: 306-1 — 306-5
SASB: TC–IM–130a.3

2022 Impact Report 18

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Facilities.
CateringBloomberg has committed to serving more climate-friendly foods in its catering
operations and cafeterias in New York, New Jersey and London by signing the Cool
Food Pledge, part of a growing movement to reduce food-related GHG emissions by
25 percent by 2030.
We’re engaged in a number of initiatives to encourage sustainable and healthy foodchoices for our staff and visitors, including reducing the amount of meat and dairy
products we offer, increasing our range of plant-based foods and milk alternatives
and improving our communications and engagement.
We are monitoring two metrics in our drive to reduce food-related carbon emissions:absolute emissions and emissions per 1,000 kilocalories (kcal), a metric that is notaffected by fluctuations in occupancy or number of events we host.

Bloomberg food-related GHG emissions (U.S. & London)
Despite a slight increase in 2022 over the previous year, our total food-related
GHG impact for our New York and London operations is 24.5% lower than our 2018baseline. Our “per-plate” impact is 17.7% lower in New York and 32% lower in London
than our 2018 baseline, demonstrating that our ongoing efforts to source foods
locally and reduce the provision of meat and dairy are having a meaningful impact.

Kg CO2/
1,000 kcal

Absolute
emissions(tCO2)

18

18,00014
14,00010

10,000

6

6,000

2,000

2
2018
(baseline)

2019

Carbon emissions (left y-axis)

2020

2021

2022

“Per-plate” impact (right y-axis)

Grains & other plant proteins (tCO2)

U.K.: kg CO2/1,000 kcal

Dairy & other animal-based foods (tCO2)

U.S.: kg CO2/1,000 kcal

Beef & lamb (tCO2)

2022 Impact Report 19

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Business activities.
We seize opportunities in every area of our operations
to reduce our carbon footprint.
Business travel
Business travel represents a significant portion of Bloomberg’s total emissions, as
Bloomberg’s business model features a high level of customer support, including
visiting and advising clients in person.

We are also working with our travel vendors to understand and influence theirstrategies to reduce their emissions and exploring how Bloomberg can benefit fromtravel vendor sustainability initiatives.

Worldwide COVID-related restrictions limited Bloomberg’s business travel in 2020
and 2021, but our travel activity picked up again in 2022. Bloomberg employees
traveled more than 135 million miles, generating 38,814 metric tonnes of CO₂eemissions. Our 2022 travel activity, measured by miles traveled, was 29 percent lower
than in 2019, our last full pre-pandemic year.

Bloomberg purchases and retires carbon credits to offset travel emissions; ourcurrent carbon credits support climate action projects in Brazil, Cambodia and the
Democratic Republic of Congo. The projects we have selected have co-benefits
that align with several of UN Sustainable Development Goals in addition to offering
carbon benefits.

Mitigating the environmental impact of our business travel is a key area of focus, andwe are currently engaged in efforts to educate our employees in order to prompt
travelers to make more sustainable choices.

Our carbon credits benefit:

In 2022, we integrated sustainability recommendations into our online booking tool
to assist employees in finding sustainable options when booking trips. These include
encouraging rail travel on routes where this option is feasible; flagging which flights
are more efficient; and highlighting hotels that meet sustainability criteria.

Water filters in Cambodia
This project supports locally-made Ceramic Water Purifiers that provide clean water
to communities in Cambodia. With filters in their homes, families no longer need toboil their water to make it safe to drink.
Forest conservation in Brazil
The Envira Amazonia Tropical Forest Conservation project in Brazil’s Amazon
basin protects 39,300 hectares of tropical forest from logging and encroachingon cattle ranches.

Bloomberg business travel
Miles traveled and CO₂e emissions by year
Change vs.
prior year

Metric tonnes CO2e
per full-time employee

Change vs.
prior year

Year

Miles traveled

Metric tonnes
CO2e

2022

135,274,3751

38,814

395%

1.73

367%

2021

25,761,796

7,844(19.2%)

0.37(21.7%)

2020

37,330,920

9,710(82.1%)

0.47(82.6%)

2019

187,226,301

54,371(13.2%)

2.72(14.3%)

2018

214,173,876

62,627

Forest conservation in the Democratic Republic of Congo
The Isangi Forest Conservation project in the Democratic Republic of Congoprotects over 187,000 hectares of one of Earth’s most biodiverse rainforestsfrom deforestation.

3.17

1
While COVID-related restrictions depressed Bloomberg’s travel activity (measured by miles traveled)in 2020 and 2021, our business travel began moving toward pre-pandemic levels in 2022.

GRI: 305-5

2022 Impact Report 20

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Business activities.
Publishing operations

Product transportation

In 2022, publishing operations represented 7.1 percent of total company emissions.
We published three magazines — Bloomberg Businessweek, Bloomberg Markets andBloomberg Green — consuming 4 million pounds of paper and distributing almost 12
million copies globally. Publishing operations generated 7,185 metric tonnes of CO2e,a 17 percent reduction versus 2021 due to reducing our total numbers of printed
magazines by 19 percent and decreasing magazine paper usage by 18 percent.

Bloomberg ships B-Units, flat panels, keyboards, PCs and other products tocustomers globally, and our internal print shop distributes products internally.
We have six major distribution centers — in New York, Brazil, London, Hong Kong,
Singapore and Tokyo — and more than 200 stocking locations globally to provide
best-in-class customer service.

We employ a number of strategies to limit the environmental impacts of ourpublishing activities. These ongoing efforts include:
•

•

•

•

 ecycled paper: In 2022, when sourcing became available, we began printing
R
Bloomberg Markets on 100% recycled-content paper, while continuing to print
Bloomberg Green on 100% recycled-content paper.
 SC certification: Bloomberg has used Forest Stewardship Council (FSC)-certifiedF
paper for all magazines since 2009.
 egional printing and distribution: We have consolidated some printing facilities,
R
which has increased distribution emissions but supports more efficient resource
consumption and management. We continue to look for opportunities to reduce
emissions via regional printing and distribution.
Digital publishing: Moving print subscriptions to digital is the most effective
measure available to reduce the impact of our publishing activity. We continue topromote the benefits of digital subscriptions to current and prospective subscribers.

In 2022, we sent and received more than 500,000 shipments. Our global
non-magazine logistics activity generated 1,888 metric tonnes of CO₂e, up 5 percent
from 2021. In 2022, Bloomberg introduced the B-Unit app for the iPhone, an important
step toward significantly reducing the number of physical B-Units used by employees
and customers. We look forward to realizing the impact of this upgrade on our global
logistics, as well as in other areas of our supply chain, in 2023.
Globally, approximately 94 percent of shipments were sent via ground or sea. On an
ongoing basis, we seek to improve the efficiency of our distribution network while
reducing its environmental impact through forward stocking and optimization andutilization of greener delivery options.
Across our warehouse network, we work to mitigate the environmental impact of ouroperations beyond the physical distribution of products. We continually strive to reusepackaging materials whenever possible, recycle all materials that cannot be reused
and replace existing packaging with more sustainable options.

Global paper usage
Bloomberg Businessweek accounts for the majority of our company’s paper usage andassociated emissions.
Office paper: 5.7%

Bloomberg Businessweek: 68.1%

Bloomberg Green: 1.3%

Bloomberg Markets: 24.0%

Bloomberg Industry Grouppublishing: 0.9%

GRI: 305–5

2022 Impact Report 21

Contents

Approach

Reducing our emissions

Supporting climate action

Driving social change

Goals

2022 progress

Develop sustainable finance• Fundamental ESG data for 15,000+ companies

products for a wide range

We’re supporting
coherent, impactful
climate action.

Investing in our peopleof investors• 15,000+ companies monitored for as-reported Scope 1,
2 & 3 emissions data; estimates available for 100,000+
companies• Bloomberg ESG Scores for 5,500 companies• EU Taxonomy solution monitors up to 15,000 companies,
with estimated eligibility for 50,000+ companies

Expand energy transition
research and analysis• 2,500+ BloombergNEF research publications in 2022
• Bloomberg Climate Transition Scores for 192 companies in
6 industries• 726 corporate net-zero targets visualized and scored in

Structural and systemic shifts accompanying climate change,such as resource scarcity, new technologies and regulations,pose business risks and offer opportunities to issuers and investors
globally. We provide data, analytics, indices, news, insights andexpertise to investors, lenders, policymakers and citizens seeking
to address climate challenges and help drive the transition to a
low-carbon global economy.

BloombergNEF’s Corporate Net-Zero Assessment Tool
Be the indispensable guide to• 93% increase in our readership across ESG stories

climate change
Strengthen the financial• 4,100+ organizations supporting the TCFD climate-markets’ response

related financial disclosure guidelines

to the impactsof climate change• 550 financial institutions elevating best practices through
GFANZ• 2 CFLI Country Pilots mobilizing climate finance inemerging markets

Bring together diverse• 490 Bloomberg-hosted events, reaching 41,195 attendees

stakeholders to address climate

with climate, environment and sustainability-related topics

challenges

2022 highlights
23

Financial products

30News & media

32

Events33

Public policy

35

Philanthropy

39

Spotlight: COP27

Drive measurable, local action
on climate change• 10,190 trees planted by employee volunteers• 70% of U.S. coal plants retired through the Beyond Coal
campaign• 10.2 million square miles of ocean with strengthened
protection through the Bloomberg Ocean Initiative

2022 Impact Report 22

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Financial products

Clarifying climate risks
and opportunities.
Bloomberg provides data, research, benchmarks
and analytical tools to help investors, lenders
and companies manage risks and opportunities
related to climate change.

Our Environmental, Social and Governance(ESG) products are designed to fit seamlessly
into an investment workflow or corporate
decision-making process. Data and insights
are displayed alongside fundamental financial
data on the Terminal and in various Bloomberg
solutions, allowing users to incorporate thisinformation into critical investment decisions.
Environmental data is easy to explore via
functions such as ESG Analysis (ESG <GO>),
ESG Data Discovery (ESGD <GO>) andOverview of Bloomberg ESG (BESG <GO>). Our
ESG data can also be accessed as enterprisedatasets for firm-wide use via our ready-to-use
data website, Data.bloomberg.com.

Our climate solutions
23

Company ESG performance25

Climate-related regulation

26

Sustainable fixed income

27

Climate risk

29

Industry guidanceCompany ESG performance
We help investors and companies better evaluate assets and assess
environmental performance.
Data

See the whole picture

Our data on corporate environmental performance stands out for its extensive breadthand depth. We provide comparable company-reported data for 15,000+ companies
in 100+ countries with 16+ years of history and as-reported and estimated greenhousegas emissions for more than 100,000 companies globally. We currently track more than
800 environmental metrics, including data on energy use, carbon emissions, waste andwater management.
Clients can also use Bloomberg’s Data Management Services (DMS) to streamline theprocess of integrating ESG data from multiple vendors into their investment systems.
3

Analytics
ESG data is integrated into Terminal applications designed for company analysis,
allowing Terminal users to seamlessly incorporate environmental performance data
into the investment process. Investors can screen equities for themes such as resource
efficiency, global water risk exposure and more. In 2022, we enhanced the Relative
Valuation (RV <GO>) function on the Terminal to make it easier to compare ESG
performance and see a fuller picture of risks and opportunities. We also enhanced ourSupply Chain Analysis (SPLC <GO>) function to help users pinpoint ESG exposure incompany supply chains and upgraded our Fund Screening (FSRC <GO>) tool to allow
users to see the number of ESG-focused funds exposed to a security.
The Terminal’s dedicated ESG function, Environmental, Social & Governance Analysis(ESG <GO>), features an expanding set of ESG analytics that help investors assesscompany environmental performance from different perspectives and see if acompany is leading or lagging its peers.

2
1

4

New in 2022:
1

Evaluate EU Taxonomy alignment

3

Assess Principal Adverse Impacts

2

Assess a company’s GHG emissions

4

Review exposure metrics for ESG funds
2022 Impact Report 23

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Financial productsCompany ESG performance (continued)
BloombergNEF’s Corporate Net-Zero Assessment Tool, launched in 2022, helps
investors, corporate professionals and low-carbon service providers identify companies
with the strongest and weakest net-zero targets. The tool monitors 1,000 of the world’s
largest companies in the heaviest-emitting sectors for net-zero commitments, projects
the emission reductions necessary for these companies to achieve their targets andscores their ambition and legitimacy of their targets, based on a number of quantitativeand qualitative criteria.

ScoresBloomberg provides proprietary and third-party ESG scores that can be used to quickly
and simply evaluate company performance across a range of ESG issues and compare
against industry peers. The scores can be used in portfolio and index construction andby companies benchmarking their ESG performance and disclosure against peers.
Our ESG scores measure a company’s management of financially material ESG
issues. They are fully transparent, providing access to the data, data modeling andmethodologies used, and based on data reported by companies rather than estimatesor analyst opinion. In 2022, we expanded our ESG scores’ reach to cover about 5,500
companies across all sectors.
Our proprietary ESG scores include Bloomberg Environmental & Social (ES) Scores,
which track corporate environmental and social performance on dozens of financiallymaterial and industry-relevant issues for companies; Governance Scores that score
the relative performance of companies across industries on governance issues that
may impact company performance; and daily Environmental & Social News Sentiment
Scores, which provide frequent insights derived from news coverage. On the Terminal,
we offer third-party ESG scores from leading ratings providers, including MSCI ESG
Research, Sustainalytics, ISS, S&P/RobecoSAM and SynTao Green Finance, among
others. Investors can also use tools on the Terminal to generate their own ESG scores,
drawing on third-party ratings, Bloomberg scores and ESG data.

Bloomberg ESG Scores
Our proprietary ESG scores include Bloomberg Environmental & Social (ES) Scores andGovernance Scores.

Data-driven

Materiality-based

Fully transparent

Scores are based on datareported by companies —not subjective opinions andanalyst rankings.

ES Scores focus on
industry-specific issues thatdrive financial impact.
Governance scores
incorporate country-specificpolicies and practices.

Users can access the scoring
methodology and thecompany-reported data
underlying each score,making them useful fora wide range of analysis.

ES Scores industry coverage
5,500 companies in all industries
Oil & Gas

Materials: Chemicals

Materials: Metals & Mining

Materials: SteelMaterials:
Construction Materials

Materials: Coal

Consumer Staples

Industrial Products

Industrial Services

Real Estate

Renewables

Utilities

Technology

Consumer Discretionary

Communications

Healthcare

Financials

Launched in 2022

Insights
Bloomberg Intelligence research analysts provide both bottom-up and top-down ESG
analysis across all asset classes.
BloombergNEF (BNEF), our strategic research provider, covers global commodity
markets and the disruptive technologies driving the transition to a low-carbon
economy. Its sustainability research practice provides insights into how leading
corporations are setting targets and making strategic technology and investment
choices. Among other reports, BNEF publishes the Corporate Energy Market Outlook,a semi-annual assessment of trends and developments in corporate clean
energy procurement.

2022 Impact Report 24

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Financial productsCompany ESG performance (continued)

Climate-related regulation

IndicesA growing number of jurisdictions around the world are introducing new ESG
reporting requirements for companies, banks and asset managers. Bloomberg
provides data and tools to help firms comply with emerging regulations, including the
EU Taxonomy and Sustainable Finance Disclosure Regulation (SFDR), the European
Banking Authority’s Pillar 3 disclosures on ESG risks and the European Securities andMarkets Authority’s MiFID II Suitability Requirements. Additional Bloomberg tools
help firms align reporting with sustainability standards like the TCFD framework.

As the investment community’s needs evolve and more clients look to incorporate
measures of sustainability into their portfolios — and track the performance therein —Bloomberg leads the way in offering sustainable index resources and customization
capabilities. Bloomberg’s sustainable index offerings are built on our comprehensive,
cross-asset indices, and Bloomberg’s index team and ESG and climate researchteams across the firm collaborate to produce and maintain strategic, and often
groundbreaking, benchmarks.
In 2022, Bloomberg grew its sustainable index offering with the launch of several
indices within the Bloomberg Climate Index family, including Bloomberg ParisAligned Indices built using Bloomberg emissions data, which deliver investors thetools and insight they need to align their investment strategy with the Paris Climate
Agreement’s decarbonization targets. We also introduced green bond indices,
including the Bloomberg Global Aggregate Green, Social, Sustainability Bond
Indices, which utilize the flagship Bloomberg Global Aggregate Index, the Bloomberg
Sustainable Finance Group’s green, social and sustainability bond indicators, andfields that show alignment with the International Capital Market Association Green
Bond, Social Bond and Sustainability Bond Principles and Guidelines. In addition,
Bloomberg is tracking the market of municipal bonds categorized as Green,
Social and Sustainability with the same indicators as the Bloomberg U.S.
Municipal Impact Index.

Bloomberg experts are actively involved in advisory groups working with policymakers around the world to ensure that regulations are implemented efficiently andachieve their objectives.
Bloomberg offers analytics to simplify ESG disclosure and compliance with regulatory
requirements, including a data solution that automates the assessment of EU
Taxonomy eligibility and alignment as well as company and product alignment with
the SFDR.
As EU regulators refined the regulatory regime in 2022, we evolved our solutions,ensuring that our EU Taxonomy solution incorporates estimated data models that are
fit for purpose and fully compliant with new guidance provided by the supervisory
authorities. We also expanded our coverage of sustainability data to cover 100
percent of the mandatory Principal Adverse Impact (PAI) indicators that the SFDR
requires firms to disclose.

Bloomberg employs an open architecture approach to our benchmarks by partneringwith leading ESG ratings, framework and data providers to create index alternatives
that meet the diverse needs of investors. Recent launches include the partnershipof Bloomberg and MSCI in 2022 to offer joint climate benchmarks that are designed
to meet and exceed the minimum standards of the EU Paris-Aligned Benchmark
label, combining Bloomberg’s extensive fixed income indices family with MSCI’s
data, analytics and emissions model. Bloomberg also collaborates with investment
managers to develop indices that meet sophisticated needs and, in 2022, created
the Bloomberg Goldman Sachs Global Clean Energy Index, which is designed to give
ESG investors access to a multi-sector set of highly exposed “clean-energy enablers” —companies that are progressing the transition to clean energy.

Analyze a company’s estimated eligibility via the EU Taxonomy tab on ESG <GO>.
2022 Impact Report 25

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Financial products

Sustainable fixed income
Bloomberg’s sustainable fixed income data, indices, research and analytics help
investors identify bonds and loans that are expected to create environmental benefits,social benefits or a mixture of both. In 2022, around $1.5 trillion in sustainable debt
instruments were issued, slightly lower than the $1.8 trillion issued in 2021, bringing
the total market to over $5 trillion. As scrutiny of this unregulated market increases
and rising interest rates dampen activity, Bloomberg continues to enhance market
data and insights to drive transparency and enable innovation.

Analytics
On the Terminal, fixed income analytical tools enable users to analyze new issuepremiums of green debt relative to conventional debt offerings, discover ESG-related
new issues in the market and assess the liquidity of the sustainable debt market,
among other activities.
Sustainable debt dips as scrutiny increases

Data
Bloomberg labels multiple types of sustainable debt on the Terminal, including
green bonds, social bonds, sustainability bonds, transition bonds, sustainabilitylinked bonds, green loans and sustainability-linked loans. These labels, available forcorporate bonds and loans, municipal bonds, government bonds and asset-backed
securities, help investors identify securities with environmental and social activities or
projects.
In 2022, Bloomberg expanded the information available to clients to include a new
metric showing alignment with the core principles developed by the International
Capital Markets Association and Loan Market Association.
Bloomberg also helps investors spot trends and see which firms are leading the market
by providing issuance rankings through the Terminal’s League Tables (LEAG <GO>)function. The Global Green Bond Principles Table tracks issuance of bonds that alignwith the four Green Bond Principles, and the Global Green Loan Principles Table tracks
issuance of loans that comply with the four Green Loan Principles. The Sustainable
Debt dataset is available on the Bloomberg Terminal or as an enterprise data feed via
Bloomberg Data License.

Global sustainable debt issuance hit $1.5 trillion in 2022 — its first ever year-on-year drop.
The 15.5% decline was due to poor macroeconomic conditions. Meanwhile, regulators globally
built frameworks to define what constitutes a sustainable investment, bolster disclosure andintegrate climate into corporate and financial strategies, suggesting that the turbulence in 2022
may be an aberration rather than the new normal.

Sustainability-linked bonds
1490.1

Sustainability bonds
Green loans
Sustainability-linked loans
Social bonds
Green bonds
834.5
615.0

253.1

Indices
In 2022, Bloomberg launched the Bloomberg Global Aggregate Green, Social,
Sustainability Bond Indices, offering investors an objective and robust measure of
global green bond issuance. Bloomberg also provides the Bloomberg U.S. Municipal
Impact Index, which is designed to track the market of municipal bonds categorized
as Green, Social or Sustainability. The index currently tracks more than 2,800
securities and is the first such standardized measure of the U.S. municipal tax-exempt
investment grade impact bond market.

1763.5Issuance ($ billion)

68.4

90.1

2014

2015

321.5

150.9

2016

2017

2018

2019

2020

2021

2022

Source: BloombergNEF

2022 Impact Report 26

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Financial products

Climate risk
Bloomberg’s growing collection of climate-related data, analytics, scores,
indices and research helps corporate strategy, finance and policy professionals
understand physical risks and navigate the transition to a low-carbon economy.
In 2022, as emerging regulations and investor pressure pushed firms to better
identify, assess and manage climate risks, we expanded our climate-related
datasets and solutions.
Data
Bloomberg provides company-reported data on actual and targeted greenhousegas emissions as well as greenhouse gas estimates to help financial professionals
assess carbon footprint in investment and loan portfolios. Our Greenhouse Gas
Estimates dataset is designed to make up for the lack of self-reported carbon
emissions data from public companies and private debt issuers. We significantly
expanded this dataset in 2022; it now includes Scope 1, 2 and 3 emission estimatesfor more than 100,000 companies globally.
We also provide fundamental and market-pricing data for commodities — key
inputs for evaluating regulatory and business risks represented by carbon andother emissions. This includes nodal/hub-level power and fuel prices, which canshed light on marginal emissions factors across the U.S. grid. More directly, a
wealth of fundamental data monitors the evolution of the U.S. power mix, including
plant-level, hour-by-hour generation, fuel burn, sulfur dioxide, nitrogen oxide andcarbon dioxide emissions. Our commodities data consolidates information fromthe U.S. Environmental Protection Agency’s Continuous Emission Monitoring
System, the U.S. Nuclear Regulatory Commission, the U.S. Energy Information
Agency, the Federal Energy Regulatory Commission, Ventyx and individual U.S.
independent system operators.

Analytics
In 2022, we offered new tools for analyzing climate risk. On the Terminal, we launched
the Net Zero Pathway screen (ESG NETZ <GO>), which enables users to compare acompany’s emissions reduction plans with model climate scenarios issued by the
Network of Central Banks and Supervisors for Greening the Financial System, keeptabs on the company’s emissions reductions pledges and see if the company is hitting
its net-zero targets. We also released a new Government Climate Scores function(GOVS <GO>) that allows users to gauge a government’s preparedness to meet global
climate goals set out in the Paris Agreement.
Bloomberg Intelligence offers additional data tools to help investors andpolicymakers evaluate how companies are positioned to handle the carbon transition.
And Bloomberg’s customizable and interactive maps help companies and investors
visualize physical risk. Company Map (CMAP <GO>) allows users to view company
assets, including retail locations, supply chain facilities and energy and commodity
assets, during extreme weather.
To accelerate the development of climate risk analytics that provide a deeper
view into climate-related impacts on the financial system, Bloomberg establisheda strategic partnership with leading climate financial risk data analytics provider
riskthinking.AI in 2022. We’re currently working together to use advanced
technologies and risk modeling techniques to develop climate risk scores forcompanies and countries. The first scores will be released in 2023.

In 2022, we launched Implied Temperature Rise Metrics based on a methodology
developed by the Science Based Targets initiative (SBTi). These metrics provide
investors with comparable measures for assessing how companies and investment
and loan portfolios align with climate goals such as the Paris Agreement’s objective
to limit global warming to 1.5°C. Investors can use the Implied Temperature Rise
Metrics to engage with companies on setting actionable emissions reduction
targets. The metrics currently cover over 3,000 listed and private companies, withfull transparency into the underlying data, model and methodology.
For market participants assessing physical risk, our Environmental Exposures
dataset delivers daily weather and extreme event data based on company asset
locations for more than 10,000 public manufacturing and retail companies globally.
The dataset, available on the Terminal or via Bloomberg Data License, shows users
which companies have the most — and least — exposure to environmental events
like extreme temperatures, floods, earthquakes, seasonal weather trends and more.
Review a company’s carbon emissions reduction plans on ESG NETZ <GO>.
2022 Impact Report 27

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Financial products

Climate risk (continued)
Indices

ScoresIn 2022, Bloomberg grew its sustainable index offering with the launch of several
indices within the Bloomberg Climate Index family, including Bloomberg ParisAligned Indices built using Bloomberg emissions data, which deliver investors thetools and insight they need to measure and align their investment strategy with theParis Climate Agreement’s decarbonization targets.

Bloomberg offers several types of proprietary scores to help investors andpolicymakers better assess risk in a world transitioning to a low-carbon economy.

The Bloomberg Goldman Sachs Global Clean Energy Index, launched in 2021, helps
investors allocate capital to align with their long-term climate goals. Developed withthe energy expertise at both BloombergNEF and Goldman Sachs Asset Management,
the index is a modified free float-adjusted market capitalization weighted index thattracks the performance of over 175 global equities with significant business exposure
to the clean energy sector.

Insights
In 2022, BI provided analysis into carbon-transition trends, including identifying
companies that are climate leaders and laggards.
BloombergNEF published more than 2,500 research publications on the global
low-carbon transition and commodity markets. The 2022 edition of the
New Energy Outlook featured new Paris-compliant pathways to global net-zero by
2050, with country-level granularity for key geographies for the first time.
The Electric Vehicle Outlook provided updated net-zero pathways and new insights
on the critical materials value chain and battery technology. BloombergNEF also
released updated editions of its other annual reports and rankings, including Energy
Transition Investment Trends, which tracks global investment in the low carbon energy
transition, and Climatescope, which provides data on how the transition is proceedingin 107 emerging markets and 29 developed nations.

BloombergNEF’s industry-specific transition scores, available for 192 companies in
the oil & gas, utilities and metals & mining sectors, quantify transition risk and assessbusiness model preparedness for a net-zero world.
Bloomberg’s Climate Transition Scores provide a rare forward-looking indicator of
the energy-transition preparedness of companies relative to their peers. Using a
mix of disclosed and proprietary BloombergNEF and Bloomberg Intelligence data,
we determine each company’s score by its carbon emissions performance andbusiness model now and in a forecasted future, answering critical questions about
how the company is positioned to succeed in a low-carbon economy. The scores areindustry-specific and transparent, allowing users to glean additional insights from theunderlying data.
Bloomberg Government Climate Risk Scores measure the progress that countries
and regions are making in meeting the global Paris Agreement goals relative to othercountries. Incorporating proprietary sub-scores of carbon emissions performance,
power sector decarbonization and climate policy, Bloomberg Government Climate
Risk Scores offer a transparent, comparable and quantitative measure for 134
countries that can be used in investment decisions, risk analysis and more.

BloombergNEF reports.
2022 Impact Report 28

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Financial products

Industry guidance
The rise of environmental issues creates unique and profound implications for awide range of industries. Bloomberg Industry Group’s subscription-based news andanalysis services for legal, government and tax professionals provide key insights intocross-cutting sustainability issues and practical guidance for company leaders.

Legal insights
Bloomberg Law delivers news and legal analysis on ESG trends impacting companies,
ESG-related reporting and disclosure, shareholder engagement, compliance withrules governing ERISA plan fiduciaries and other emerging risks to help attorneys
provide timely and optimal advice to clients. Bloomberg Law’s Environment, Social &Governance News channel provides thorough, consistent coverage of ESG national
and international news developments for legal professionals. In 2022, Bloomberg
Law published Practical Guidance Toolkits for the health industry and the financial
services sector, the latest in its series of toolkits that provide in-house counsel withsector-specific guidance around ESG issues.

Government insights
Bloomberg Government helps subscribers track the positions of corporations andnongovernmental organizations trying to influence environmental and energy policy.
Its Lobbying Tool provides visibility into which firms are lobbying on oil, natural gas,
environmental regulation and agricultural policy — as well as which congressional
offices registered lobbyists used to work for. The service also provides detailed dataon federal procurements used by companies to help them win new opportunities withthe federal government.

Investor trends
In 2022, Bloomberg Law research found that investors are increasingly interested in how
companies address issues that cut across environmental, social and governance objectives.
Investor Activists Look to Integrate More Aspects of ESG

Investor activism campaigns including objectives from at least two ESG pillarsSocial & Governance Objectives

Environmental & Governance Objectives

Environmental, Social & Governance Objectives

2017
2018
2019
2020
2021
2022
0

3

6

9

12

15

Source: Bloomberg Law

Tax insights
Bloomberg Tax produces the Credit and Incentives Navigator, a database of state
tax credits and incentives that includes non-tax incentives that encourage thedevelopment and use of renewable energy and promote conservation. Bloomberg
Tax also provides news and analysis of green energy initiatives, sustainability
accounting, environmental remediation, energy production and carbon taxes. In
2022, the service launched an ESG hub that provides subscribers with up-to-date
information on the evolving world of ESG compliance.

2022 Impact Report 29

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

News & media

Reporting on the businessand science of climate change.
Bloomberg’s News and Media divisions provide
extensive content on climate and ESG issues.
Bloomberg Editorial and Research’s 2,700 journalists and analysts in 120 countries
deliver over 5,000 stories a day to Bloomberg Terminal subscribers. The Terminalfeatures regular coverage of sustainable finance and corporate governance, witha particular focus on trends in green finance, renewable energy and emissions
accountability. ESG is one of the biggest stories that Bloomberg Editorial & Researchcovers as investors put pressure on executives to tackle issues ranging from climatechange and workplace culture to race and gender and investment pours into theenergy transition.
Bloomberg News also feeds our digital news site Bloomberg.com, Bloomberg TV, thevarious publications produced by Bloomberg Media, the social brand Quicktake andour streaming video network Bloomberg Originals. Bloomberg Media, our consumerfacing media division, is a leading, global, multiplatform brand that provides decision
makers with timely news, analysis and intelligence on business, finance, technology,
climate change, politics and more. It reaches influential audiences worldwide acrossevery media platform, including digital, social, TV, radio, print and live events.
ESG coverage
Our ESG coverage appears on the Terminal, at events and across our digitalofferings. The ESG team aims to help our readers understand ESG risk with thebest reporting and data in the business. In 2022, our readership across ESG
stories increased 93 percent. Bloomberg News deepened its collaboration with
Bloomberg Intelligence and BloombergNEF and expanded the array of ESG news
products we offer clients.
To help investors stay on top of market-moving news, we provide a number of ESGand climate-related newsfeeds and alerts on the Terminal, including a Top News
page (TOP ESG <GO>); ESG Daily Highlights (NI ESGDAILY <GO>), a compilation of
the latest ESG-related company, government, sustainable finance and investment
news; Green Bonds Weekly Wrap (NI ESGBONDWRP <GO>); and three ESG
newsletters (NI GREENDAILY <GO>, NI ESGREGNL <GO> and NI ESGINVNL <GO>).
Terminal users can curate their own ESG newsfeeds for the specific companies
or industries they track.
SASB: SV–ME–000.A–B

Bloomberg Green
Bloomberg Green is a multiplatform news brand that aims to be the definitive
resource for reporting on climate change and all its implications. Offering news,
analysis and solutions, Bloomberg Green’s award-winning content appears on
the Bloomberg Green website, a daily email newsletter, a podcast, theBloomberg Green magazine and the Terminal, with integration across all
Bloomberg Media channels.
In 2022, Bloomberg Green continued to expand the scope of its journalism witha major push into reporting on consumer climate solutions and greener living;
the debut of “Zero,” a weekly podcast that explores the policies, tactics and clean
technologies taking us to a future of zero emissions; the Bloomberg Green Docs
documentary competition for short films addressing the urgency of climate change;
and the announcement of the new original video series Getting Warmer with Kal
Penn, hosted by actor and former White House aide Kal Penn, which launched in
February 2023.
Notable projects from 2022 included investigations into Big Plastic and the global
recycling problem; exclusive reporting on how large companies have used marketbased accounting to overstate their progress on reaching climate-related goals; alook at the range of possibilities under consideration for Europe in its efforts toshift away from Russian fossil fuel; an investigation revealing that dozens of global
brands rely on purchases of some of the cheapest, lowest-quality carbon offsets toclaim being carbon neutral; and an exclusive interview with Bill Gates in which hediscussed his years-long effort to quietly lobby senators to save President Biden’s
climate bill.
2022 Impact Report 30

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

News & media

Bloomberg Media platforms
Bloomberg Businessweek delivers themost comprehensive global businessand finance content of any magazine
brand. In 2022, the magazine featured
stories about the U.K.’s massive treeplanting campaign not moving fastenough; one of the poorest countries in
the world hoping to become a new kindof petrostate, even as its sea levels rise;
Brazil’s presidential election deciding
the fate of the Amazon rainforest; fast
fashion’s recycling myth burying thedeveloping world in waste; Exxon’s toxic
culture jeopardizing the company’s
future; a Mexican train project throughthe Maya Riviera barreling throughenvironmental concerns; and a push forsmaller nuclear reactors running into
regulators’ old rules.
Bloomberg Markets, our bimonthly
magazine for a financial audience,featured stories on why investors
should tread cautiously with ESG labels;
an investigation of more than 100
sustainability-linked bonds that foundthat the majority are tied to climate
targets that are weak, irrelevant or evenalready achieved; and an analysis of
ESG factors for issuers of sustainabilitylinked loans.
Bloomberg’s streaming original video
programming, available on connected
TV devices, Bloomberg TV Primetime
and Bloomberg.com, ranges fromcinematic documentary-style deepdives to short-form Quickdocs. In 2022,
notable stories explored how scientists
and entrepreneurs are racing to savecoffee from human-induced disaster;
the environmental wreckage leftby coal mining; the benefits of vertical

Issue 6 Spring/Summer 2022

indoor farming; and the importance ofrevitalizing coral reef ecosystems as ouroceans continue to warm and acidify.
Bloomberg Television is available inmore than 400 million homes worldwide
in over 70 countries and also streams
live on Bloomberg TV+. Bloomberg TV
covers global sustainability and clean
energy through a unique lens, providing
insight into and analysis of emerging
technologies, policies and trends.
Leaders with Lacqua Goes Green is amonthly series featuring interviews withclimate leaders working toward globalchange. Bloomberg TV also features
sustainability in its wider programming
throughout the year, with internal andexternal experts providing insights andanalysis of ESG investing. We focus
on the biggest stories and trends inthe commodities market, including
sustainability, and draw on proprietary
BNEF research.
Bloomberg Radio can be heard on its
five flagship stations in Boston, NewYork City, San Francisco, Washington,
D.C., and London. Bloomberg showsand short-form reports are also heard
on more than 600 radio stations acrossthe U.S. On Bloomberg Radio, theBloomberg Green Business Report
explores the latest developments ingreen technology. The show profiles
companies making breakthroughs
in renewable energy, zero-emission
transportation and more.

417.89 parts per million CO2 in the atmosphere

The Next
Solar System

A trillion watts of solar power have arrived. How to get
the next terawatt to the people who need it mostIssue Seven Fall/Winter 2022
419.2 parts per million CO2 in the atmosphere

DecarbonizingYour Life

Zero-emission eating. Cleaner laundry machines. Cheaper solar
panels. Greener living is now more efficient and appealing than everBloomberg’s magazines deliver in-depth reporting on critical environmental issues.

2022 Impact Report 31

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

EventsAdvancing the conversation.
Our events connect forward-thinking business leaderswith climate innovators and inspire action.

Green Summit

BloombergNEF Summits

Sustainable Business Summits

Bloomberg New Economy Forum

Bloomberg Green events

BloombergNEF Summits provide aforum to generate ideas, deliver insights
and establish the connections needed
to capitalize on technological change
and shape a cleaner, more competitive
future. In 2022, BloombergNEF hosted
six BNEF Summits, supported by its
market-leading research, in Bali, Munich,
New Delhi, New York, San Francisco andShanghai. The Bali Summit, which drew
600 attendees, was a special net-zerothemed summit held ahead of the B20
and G20 meetings in Bali in November.
During the event, we launched theCarbon Knowledge Hub at the Carbon
Centre of Excellence, a collaboration
between BloombergNEF and theIndonesia Chamber of Commerce andIndustry on behalf of the B20 Indonesia.

Bloomberg’s Sustainable Business
Summits bring together businessleaders and investors globally to drive
innovation and scale best practices
in sustainable business and finance.
We hosted three summits in 2022,
covering trends in sustainable finance,
approaches to reporting and regulatory
challenges and the role of technology inaccelerating sustainability. The London
summit focused on scalable solutions to
help organizations meet ambitious ESG
goals, including green financing andmeasuring and reporting progress. The
Singapore summit explored the region’s
unique challenges and opportunities increating a sustainable future. Leaders at
our flagship summit in New York City inDecember shared innovative strategies
for managing climate risk and achieving
ESG goals while driving business value.

Each year, Bloomberg Media’s annual
New Economy Forum gathers theworld’s most influential public- andprivate-sector leaders to address theurgent problems of a global economy intransition. Mike Bloomberg hosted thefifth annual Bloomberg New Economy
Forum in November, welcoming
more than 500 heads of state, CEOs,
entrepreneurs and academics toSingapore. On the heels of COP27,
leaders digested lessons from Sharm
El-Sheik and explored the road todecarbonization, including solutions to
the enormous technical obstacles andcosts of achieving net-zero emissions
by 2050. Earlier in the year, Bloomberg
New Economy launched New Economy
Gateway, a new series of regional
convenings; the first event, New
Economy Gateway Latin America, took
place in Panama.

The Bloomberg Green Summit, heldin April in New York City, featured
conversations with climate leaders on
climate technology, investing in climate
action, living a greener life and more.
Bloomberg Green also hosted the firstever Bloomberg Green Docs Festival
in Los Angeles in October, screening
the five finalist documentaries in the
Bloomberg Green Docs competition
for short films about climate. On a Wing
and a Prayer, about a photographer
documenting Louisiana’s disappearing
wetlands, received the $25,000 grandprize. In November, Bloomberg Greenat COP27 convened executives andthought leaders in Sharm El-Sheik,
Egypt, and broadcasted conversations
to a global audience.

2022 Impact Report 32

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Public policy

Strengthening market-driven
action on climate.

Reorienting the market
As more companies implement the TCFD framework and an increasing numberof jurisdictions establish TCFD-aligned regulations, the market is gaining agreater understanding of the financial impacts of climate change.

We’re leading efforts to clear the way to a
low-carbon economy.

Businesses need information to evaluate opportunities and channel funds tosustainable and resilient investments, and Bloomberg has focused on increasing
and improving climate-related financial data for years. In 2015, we helped launch
the Sustainability Accounting Standards Board (SASB), which works with investors
and businesses to set standards for measuring, managing and reporting onsustainability factors that drive value and affect financial performance. In 2022,
SASB became part of the IFRS Foundation, which is developing global climaterelated disclosure standards through its International Sustainability Standards
Board (ISSB).

Adoption volume

Avoiding catastrophic climate change will require a whole economy transition,with companies adjusting their business models and reducing carbon emissions
while investors direct vast amounts of new capital to sustainable infrastructure,climate technologies and clean energy. As companies and countries begin tonavigate the transition to a low-carbon economy, Bloomberg is working withpartners to help clear the way.

Broad understanding of the concentrationof carbon-related assets in the financial
system and the financial system’s
exposure to climate-related risks.

Greater adoption, further developmentof information provided (e.g. metrics
and scenario analysis) and greater
maturity in using information.

Climate-related issues viewed
as mainstream business andinvestment considerations byboth users and preparers.

Organizations begin todisclose in financial filings.
2017: Final TCFD
report released.

More complete, consistent andcomparable information for market
participants, increased transparency
and appropriate pricing of climaterelated risks and opportunities.

Companies already reporting under otherframeworks implement the Task Force’s
recommendations. Others consider climaterelated issues within their businesses.

Time

Strengthening financial reporting

Jurisdictions with TCFD-based disclosure requirements

Mike Bloomberg chairs the Task Force on Climate-related Financial Disclosures(TCFD), which published recommendations in 2017 designed to help companies
more effectively disclose climate-related financial risks and opportunities andsupport informed capital allocation. Since 2017, the percentage of companies
disclosing information aligned with the TCFD framework has steadily increased, andthe framework is now serving as a foundation for climate reporting standards being
developed by countries and standards-setting organizations around the world.
New TCFD-aligned standards proposed in 2022 include the ISSB’s international
climate-related disclosure standards and the European Financial Reporting
Advisory Group’s European Sustainability Reporting Standards. The U.S. Securities
and Exchange Commission also proposed rules for enhancing and standardizing
climate-related disclosures referencing the TCFD framework.

Final disclosure requirements
Brazil: Securities and Exchange
Commission, Central Bank of Brazil

Singapore: Singapore Exchange

Egypt NEW : Egyptian Financial
Regulatory Authority

Switzerland: Financial Market
Supervisory Authority

New Zealand: New Zealand
Government

United Kingdom: Parliament, Financial
Conduct Authority

Proposed disclosure requirements
Canada NEW : Canadian Securities
Administrators

European Union: European
Commission, Parliament and Council

Colombia NEW : Superintendencia
Financiera de Colombia

Switzerland: Federal Council

United States: Securities andExchange Commission
2022 Impact Report 33

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Public policy

Enhancing transparency

Unlocking climate finance

Climate transition-related data, including company greenhouse gas emissions
and targets, are not reported consistently and can be difficult to access. Due to alack of accessible data, companies can face challenges with understanding theiroverall carbon footprint and benchmarking against peers. Regulators, investors
and other stakeholders can struggle to source the comparable, high-quality
climate-related data necessary to accelerate the transition to a net-zero economy.

The Climate Finance Leadership Initiative (CFLI), chaired by Mike Bloomberg,
tackles the challenge of unlocking climate finance at scale in emerging markets.
The CFLI convenes leading private-sector institutions across the financial value
chain, working alongside corporates, policymakers and multilateral institutions
to identify barriers to investment and support financing and policy solutions
that accelerate the deployment of private capital for critical low-carbon, climateresilient projects.

To address this challenge, Mike Bloomberg and French President EmmanuelMacron launched the Climate Data Steering Committee, which brings together
international organizations, regulators, global standard setters and policymakers,
informed by data service providers and civil society. In November 2022, theCommittee released recommendations for its vision of a publicly accessible
platform, called the Net-Zero Data Public Utility, that will make key, high-quality,
verifiable climate transition-related data available to all. A pilot version of the
NZDPU is due to be launched in 2023. The NZDPU is designed to ultimately bepart of the UNFCCC Global Climate Action Portal.
Turning ambition into action
Financial institutions have an important role to play in financing the decarbonizationof the global economy. Mike Bloomberg co-chairs the Glasgow Financial Alliancefor Net Zero (GFANZ), the world’s largest coalition of financial institutions working tosupport the transition to net-zero greenhouse gas emissions by 2050.
In 2022, GFANZ released frameworks and tools to help financial firms develop
and implement credible, high-ambition strategies for achieving net zero. These
resources included voluntary guidance on developing credible and transparent
net-zero transition plans, using sectoral pathways, measuring portfolio alignment
and managing the phaseout of high-emitting assets. GFANZ also issued an
updated Call to Action to G20 governments to close the gap between theirclimate commitments and policies through their own transition planning andreform of the international financial architecture.
To support the development of net zero-aligned finance across the world andensure that a broad array of perspectives and expertise is reflected in its work,
GFANZ launched regional networks in Africa and the Asia Pacific region in
2022 and made plans to launch a Latin America network in 2023. GFANZ also
created private finance working groups that have committed to work towards themobilization of billions of dollars in support of the Indonesia and Vietnam Just
Energy Transition Partnerships, which aim to deliver on each country’s net-zero
2050 goal and shift away from fossil fuels to clean energy, and Egypt’s Nexus of
Water, Food and Energy platform.

CFLI India was launched in 2021 in partnership with the Government of India
and the U.K. Government. Over the course of 2022, CFLI India ran an origination
process to develop nine catalytic financing and policy concepts across four areasof focus: scaling electric mobility and charging infrastructure, investing in thecircular economy, enabling infrastructure for renewables and decarbonizing
hard-to-abate industries. CFLI India has developed a strong ecosystem of
stakeholders in the country to support this work and ultimately demonstrate thereal impact of the initiative.
In 2022, the CFLI launched CFLI Colombia, its second Country Pilot initiative
designed to mobilize climate solutions tailored to the local market. CFLI
Colombia, officially endorsed by the Colombian government, engages
with the Colombian public sector, national development banks, multilateraldevelopment banks and the private sector to drive investment opportunities
and policy solutions in four priority areas: low-carbon transportation, renewable
alternatives, nature resilience and adaptation, and sustainable infrastructure.

By the numbers
TCFD

GFANZ

4,100+

550+

supporters$28 trillion
in total market
capitalization

100+

countries & jurisdictions
represented

CFLI

22

members

members50$10.6 trillion

jurisdictions represented

310+

science-based targets

in total assets

22

catalytic financing &policy solutions

2022 Impact Report 34

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Philanthropy

Protecting the planet.
We’re taking action from the ground up.
Our company invests in protecting the environment and provides opportunities
for our employees, clients and communities to drive measurable, local action on
climate change.
Tracking progress
Bloomberg is part of the Count Us In Employee Challenge, an initiative thatencourages employees at leading businesses to take practical action in theireveryday lives to reduce carbon emissions. The project provides guidance on
effective steps individuals can take, like repairing items or eating more sustainably,and quantifies the carbon savings of employees’ actions. In 2022, 676 employees
in 31 cities made commitments and tracked activities that counted towards a
reduction of their carbon, water or waste through Count Us In. Collectively, these
employees saved 56,087 kilograms of carbon, 4.3 million liters of water and 229,431
pounds of waste, on top of the actions taken through our Best of Bloomberg
volunteer program.
Supporting innovation
Bloomberg L.P. and Bloomberg Philanthropies are part of The Earthshot Prize
Global Alliance, a network of organizations supporting The Earthshot Prize, an
initiative established by Prince William of the United Kingdom and The RoyalFoundation that aims to find and reward extraordinary solutions to environmental
challenges throughout this decade. By harnessing Mike Bloomberg’s role as Global
Advisor to The Earthshot Prize Winners, as well as Bloomberg employees’ skills
and talent and the global resources of the company, Bloomberg is helping to scalethese ambitious climate solutions for a better planet.
In September, Bloomberg Philanthropies co-hosted The Earthshot Prize Innovation
Summit in New York City, bringing together heads of state, government leaders,philanthropists, business executives and grassroots climate activists from aroundthe world to showcase and scale the groundbreaking solutions needed to tackle
the world’s most pressing environmental challenge. At the Summit, Bloomberg
Philanthropies announced more than $20 million in funding to help replicate andturbocharge the work of the inaugural Earthshot Prize Winners and Finalists.

Greening urban landscapes
Bloomberg supports nonprofit organizations working to protect the natural worldin our cities, including Kew Gardens in London, Gardens by the Bay in Singapore
and Governors Island in New York City. Employees regularly partner with theseorganizations to preserve natural environments through activities including park andwoodland restoration and canal and river clean-ups.
In 2022, Bloomberg supported the Queen’s Green Canopy, a U.K.-wide initiative
to plant more than 1 million trees to mark Queen Elizabeth II’s Platinum Jubilee, as
well as the planting of a Tiny Forest, a tennis-court-sized forest with fast-growing
native trees, in London. The Tiny Forest provides the surrounding communities with apocket of accessible green space and an outdoor classroom. In Singapore, throughour partnership with Nature Society Singapore, we supported the National Parks
Board’s OneMillion Trees project, which aims to plant 1 million trees in the country
over the next 10 years. Employees joined in these efforts with 10,190 trees planted
in our local communities through several partner organizations and points earned
through fitness activities with the Bloomberg Square Mile Relay Club used to fundtree planting initiatives around the world.
Engaging the next generation 
In 2022, Bloomberg focused on fostering the next generation of climate leaders
through educational programming and creative initiatives. We built on ourpartnership with the Global Alliance of Universities on Climate (GAUC) to advanceclimate change solutions by connecting young people with change-makers inbusiness, non-profit and government sectors, while BNEF employees ran energy
transition workshops for CUNY Climate Scholars. We also partnered on a numberof projects to engage local community and youth groups in climate action. These
included collaborating with the Mayor of London on Climate Kick-Start, a weekof climate-related activities for young Londoners, where Bloomberg awarded
five London schools £10,000 each to accelerate environmental projects ranging
from recycled plastic manufacturing to growing a vertical garden, and working
with South Africa-based based nonprofit Children’s Radio Foundation to train andmentor young people on climate reporting, radio debates and podcasting.

2022 Impact Report 35

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Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Philanthropy

Wetland action
Wetlands such as seagrasses, marshes and mangroves sequester carbon at a higher
rate than forests. In 2022, we launched a global campaign to protect these vital
ecosystems through a series of employee engagement activities. More than 160
employees in nine cities took part, volunteering 470 hours with wetland conservation
organizations. Employees planted mangroves in Dubai, cleaned up rivers in Tokyo,
São Paulo, Los Angeles, Miami and Baltimore, managed the river vegetation in London,
planted native marsh grasses in New York and more.

New York City: Planting beach grass at the Jamaica Bay Rockaway Parks Conservancy.

London: Cleaning up the foreshore of the River Thames.

Johannesburg: Planting trees near the Jukskei River source.
2022 Impact Report 36

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Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Philanthropy

Bloomberg Philanthropies’ Environment
program tackles the most serious threats to ourenvironment around the world.
Bloomberg Philanthropies is at the forefront of U.S. and global efforts to fight climatechange and protect the environment across a key array of issues. Bringing together
mayors and other government and business leaders, grassroots partners andenvironmental advocates and scientists, Bloomberg Philanthropies implements boldprograms that tackle the climate crisis and help build a more sustainable, resilientand equitable economy. Our efforts are accelerating the transition from coal toclean energy, improving air quality and public health, advancing city climate action,
protecting and preserving ocean ecosystems and helping to unlock billions of dollars
in sustainable finance.
Accelerating the global transition to clean energy
Bloomberg Philanthropies is working to move the world off coal, the single largest
contributor to climate change and a major source of deadly pollutants. Since 2011,
Bloomberg Philanthropies’ backing of the Sierra Club’s Beyond Coal campaign has
helped retire 70 percent of U.S. coal plants. The Beyond Carbon initiative, launched byBloomberg Philanthropies in 2019, is building on this progress to secure the end of coalin the U.S. by 2030, stop the construction of new gas plants and enact state and local
climate policy.
In September, Bloomberg Philanthropies launched the Beyond Petrochemicals
campaign. Drawing on the success of Beyond Coal and Beyond Carbon, Beyond
Petrochemicals is focused on blocking the expansion of more than 120 proposed
petrochemical projects concentrated in three target geographies — Louisiana, Texas,
and the Ohio River Valley — and will also work to establish stricter rules for existing
plants to safeguard the health of American communities.

In 2022, Bloomberg Philanthropies expanded its efforts to move the world beyond coaland increase access to clean, affordable energy to 25 developing countries. Globally,
Bloomberg Philanthropies now supports work to turbocharge the clean energy transitionin 32 countries, plus the European Union.
Supporting local climate action
Bloomberg Philanthropies supports mayors and local partners to ensure that cities
have the resources they need to raise their climate ambitions, share learnings and makeprogress in the transition to a sustainable, healthy future.
This work includes partnering with global city networks C40 Cities Climate LeadershipGroup and the Global Covenant of Mayors for Climate and Energy and helping to lead
America is All In, the most expansive coalition of cities, states and organizations everassembled in support of U.S. climate action. At COP27 in November, America Is All In
released An All-In Pathway to 2030: The Beyond 50 Scenario, an economy-wide analysis
depicting how an expanded all-of-society climate strategy — driven by critical bottomup action from states, cities, businesses and more — can make it possible for the UnitedStates to achieve its 2030 climate target and 2050 net-zero goal.
In 2022, Bloomberg Philanthropies’ Environment program and Government Innovation
program collaborated with the Greenwood Initiative to further U.S. climate action
via the Local Infrastructure Hub. The Hub helps local leaders access federal funding
opportunities available through the Bipartisan Infrastructure Law and Inflation
Reduction Act and develop competitive funding applications.

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Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Philanthropy

Improving global air qualityProtecting ocean ecosystems

Air pollution is a major threat to public health for millions of people worldwide andis often caused by the burning of fossil fuels. Bloomberg Philanthropies supports
ambitious clean air efforts through partnerships with city and national governments,
community groups and organizations across the globe. Using data and innovative newtechnologies, the program works to monitor pollution levels, identify the sources of
air pollution, educate communities on the impact of air quality and develop sciencebacked solutions to clean the air. In June, Bloomberg launched a new partnership withthe city of Warsaw to help improve air quality in Poland’s capital by strengthening andleveraging air quality data and providing technical and research capacity to support thedesign of a future low-emission zone.

The Bloomberg Ocean Initiative is protecting and preserving ocean ecosystems fromthe threats of climate change and overfishing, working with countries, communities,
and organizations in some of the most biodiverse, climate-critical, and economicallyimportant places around the world. Since launching in 2014, the Bloomberg Ocean
Initiative has helped make significant strides in ocean ecosystem restoration andprotection, including supporting efforts to deliver over 100 new policies at the local andnational level that have strengthened protection of 10.2 million square miles of ocean.

Together with the Mayor of London, Bloomberg Philanthropies is awarding air quality
sensors to London community groups through the Breathe London Community
Programme. The initiative aims to empower communities across London living inareas impacted by poor air quality and limited green spaces to track their exposure toharmful pollution and raise awareness of the importance of clean air. Ten community
groups received air quality sensors in 2021, and an additional 30 sensors were
distributed in 2022. In July, Bloomberg Philanthropies, the Mayor of London, C40 Cities
and the Clean Air Fund co-hosted a global convening of city officials, policymakers andexperts to inspire political ambition to accelerate clean air action.

In September, Bloomberg Philanthropies announced a new commitment of $204 million
for the Bloomberg Ocean Initiative to intensify efforts to deliver on the global goal ofprotecting 30 percent of the ocean by 2030 through science-based policy advocacy,community engagement on marine ecosystem protection, increased transparency
at sea, stronger coral conservation, and addressing key threats like overfishing andpollution. The Initiative will continue its support for key partners, including Oceana, Rare,
Global Fishing Watch and the Wildlife Conservation Society, and begin working withnew partners, including Blue Ventures, Coral Vita, the Commonwealth Secretariat, theGlobal Fund for Coral Reefs, the Outlaw Ocean Project and National Geographic Pristine
Seas. In addition to advocacy, Bloomberg Philanthropies will also spearhead efforts todramatically increase private, public and philanthropic funding for ocean solutions andthe communities that need them.
Visit Bloomberg Philanthropies to learn more.

2022 Impact Report 38

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Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Spotlight

Bloomberg at COP27.
At the UN Climate Change Conference inSharm El-Sheikh, Egypt, our founder and company
supported efforts to transform commitments into action.
Taking action
Bloomberg announced a number of new initiatives, partnerships andinvestments during COP27.

Building momentum

45
days

92

climate actions

To build momentum for the UN’s climate agenda ahead of COP27, Bloomberg L.P. andBloomberg Philanthropies unveiled dozens of climate actions through investments,
partnerships and capacity-building and educational efforts during our 45-day
Countdown to COP27. Bloomberg Philanthropies kicked off the countdown with two
major announcements: a $204 million commitment to protecting marine ecosystems
through the Bloomberg Ocean Initiative, aiding countries in their goal to protect 30
percent of the ocean by 2030; and an $85 million pledge to stop the expansion of
petrochemical plants in the U.S. through the Beyond Petrochemicals campaign.
See all of our Countdown to COP27 activities at bloomberg.org/countdowntoCOP27.

Covering the story
With reporters on the ground in Egypt, Bloomberg News & Editorial offeredcomprehensive daily news coverage, in-depth analysis and insightful interviews
throughout COP27. Bloomberg Green lifted the paywall on its content for theduration of the event, produced two COP27 newsletters daily and recorded special
episodes of the “Zero” podcast in Sharm​​
El-Sheikh. Bloomberg Television aired
a COP27 special and had a strong presence throughout the two weeks with daily
summit briefings.

Expansion of work to mobilize private capital
Mike Bloomberg announced that Bloomberg Philanthropies will work withnational and local governments across Africa, Asia and Latin America toaccelerate coal phaseout, develop viable pathways to net zero and speed
deployment of clean energy. Bloomberg Philanthropies will also partnerwith the Glasgow Financial Alliance for Net Zero to help mobilize the flow ofprivate capital to clean energy transition projects in emerging markets anddeveloping countries.
 ustainable transport investment in India and Vietnam
S
The Bloomberg Philanthropies- and Goldman Sachs-backed Climate
Innovation and Development Fund announced it had completed its first setof blended-finance investments focused on expanding networks of electricbuses and supporting charging infrastructure in India and Vietnam.
 rogress towards better climate transition dataP
The Climate Data Steering Committee, formed by President EmmanuelMacron and Mike Bloomberg, released next steps on its recommended plans
for the Net-Zero Data Public Utility (NZDPU). This open-data public utility is
expected to collect, aggregate and harmonize net-zero climate transition
data by drawing on private sector climate commitments.
The Subnational Climate Action Leaders’ Exchange
Continued collaboration between Bloomberg Philanthropies and the U.S.
government at COP27 led to the launch of the Subnational Climate Action
Leaders’ Exchange (SCALE), a first-of-its-kind initiative to support cities,
states and regions in the development and implementation of net-zeroclimate-resilient targets and roadmaps.

2022 Impact Report 39

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Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Spotlight

Advancing the discussion

Delivering insight

Leading up to COP27 and during the conference, Bloomberg Philanthropies andpartners hosted discussions on climate-related topics ranging from prioritizing
affordability and inclusivity in the energy transition to how city leaders can access U.S.
federal funding for climate and environmental justice projects. Bloomberg L.P. served
as the Convening Partner at the Global Alliance of Universities on Climate’s youth
summit, providing 100 students with free access to Bloomberg’s ESG
certification training.

Bloomberg L.P. served as an official partner to COP27, providing delegates withaccess to Bloomberg data and expert analysis to support informed decisionmaking. BloombergNEF, Bloomberg Intelligence and Bloomberg Philanthropies
published exclusive research and expert analysis on key COP27 topics, including
decarbonization scenarios, climate policy and ESG investing.

In Sharm El-Sheikh, Bloomberg Green convened the foremost leaders in business,finance, policy, academia and NGOs for candid conversations focused on creating
solutions to support the goals set forth at COP27.

Climate Policy
Factbook:
COP27 Edition
3 priority areas for climate action
Victoria Cuming, Head of Global Policy
Maia Godemer, Associate, Sustainable FinanceNovember 1, 2022

Zero-Emission
Vehicles Factbook
A BloombergNEF special report prepared for COP27

November 2022

Special Presidential Envoy for Climate John Kerry discussed U.S. climate priorities with Bloomberg News
Editor-in-Chief John Micklethwait at a Bloomberg Green event in Sharm El-Sheikh.

BloombergNEF published a series of energy transition Factbooks
to support discussions at COP27.

2022 Impact Report 40

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Reducing our emissions

Supporting climate action

Investing in our people

Goals

We’re investingin an increasingly
diverse workforce.
To shape the future, we rely on creative, collaborative
employees with diverse experiences and a global outlook. We
inspire our employees by providing opportunities to make adifference and supporting their personal growth.

Deliver leadership advocacy andaccountability that equally values all
perspectives

2022 progress••

Engage, integrate
and ally with underrepresented
talentImprove the representation andadvancement of underrepresented
talent••••Deliver best-in-class training andbenefits•••

Engage employees in Bloomberg’s
philanthropic initiatives and culture

Driving social change• 30 team leaders and managers took
4
part in our Financial Solutions division’s
workshops on race and ethnicity
 00 global managers engaged to9generate new inclusion initiatives in our
Chairman’s Challenge1 0,000+ Bloomberg employees belong toat least one Bloomberg Community

1 ,400 diverse employees supported bytargeted career development programs
 areer growth experienced by 77%
Cof GOAL Advance career accelerator
program participants during or after
the program 1% retention of employees who have9
participated in a career development
program ,220 new hires welcomed to our offices
4
globally
7 00 new team leaders in the TLx program,
our leadership development experience 6% of leadership roles filled internally in
92022
1 8,382 participants in our volunteer, giving
and cultural access programs2022 highlights
42

Diversity & inclusion

49

Leadership & talent development

50

Health & well-being

51

Employee engagement
2022 Impact Report 41

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Diversity & inclusion

Creating a culture of diversity, equity and inclusion.
We’re advancing our D&I strategy through greater accountability,
allyship and advocacy.
In 2022, we outlined our new diversity and inclusion vision — inclusion of all,exclusion of none — and evolved our mission: to build an inclusive and equitableculture for all of us, by all of us. That vision and mission sits at the heart of ourbusiness, as we believe that having the best product, provided by the best people,
will deliver the best outcome for our clients.
Our global diversity and inclusion strategy focuses on achieving business excellenceby fostering a true culture of equity and inclusion through leadership accountability,
allyship and advocacy. Through new and ongoing initiatives, we’re developing aleadership structure that equally values all perspectives and actively advocates forinclusion. By engaging, integrating and allying with underrepresented talent, we’re
striving to open opportunity to candidates and employees from all backgrounds.
And by investing in technology, systems and processes to promote diverse hiringand strengthening our leadership and talent development programs, we’re working
to measurably increase the representation and advancement of underrepresented
talent across the company.
Our D&I strategy

Communicating our vision and mission
In 2022, we created the Bloomberg Diversity & Inclusion Playbook to explain
our D&I vision to everyone within our global community: employees, businessleaders, partners, clients and the external communities in which we operate.
The playbook communicates our mission, strategic agenda, infrastructure,
activities and interventions, as well as how the D&I team operates across theorganization. The playbook provides guidance for a range of scenarios that
may require formal or informal communication about D&I at Bloomberg andincludes a glossary of terms and concepts to help members of our community
use more inclusive language and understand the importance of active D&I
initiatives.

To help Bloomberg

Achieve business excellence

We need to foster a

Culture of equity & inclusion

By

By

Delivering leadership
advocacy & accountability
that values all perspectives

Engaging, integrating& allying with
underrepresented talent

By

Improving the representation& advancement ofunderrepresented talent

By

Strategic internal & external
partnerships

2022 Impact Report 42

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Diversity & inclusion

Fostering an inclusive culture

Bloomberg Communities

We believe our employees have a responsibility to participate in nurturing an
inclusive culture at Bloomberg, and we are committed to providing the tools andresources employees need to take action. We provide mandatory inclusion andunconscious bias training for individual contributors and new hires and offer inclusive
leadership workshops and online modules for managers and team leaders.
Our online D&I learning center on the Bloomberg Terminal (BU DI <GO>) gives
employees access to core curriculum modules on disability, gender and cultural
inclusion in the workplace alongside resources on topics including minimizing bias,
developing inclusive behavior and managing across differences. In 2022, we added a
new online module on transgender allyship to our core curriculum.

Members of our nine company-wide Bloomberg Communities serve as rolemodels, spreading a message of inclusion throughout our global workplace
and advocating for their colleagues to support our philanthropic initiatives that
impact their communities. Many employees belong to more than one group, andCommunities co-host events and collaborate with each other, providing space tolearn about and support intersectional identities. In addition to these company-wide
D&I communities, our engineers also participate in D&I technology communities
like Bloomberg Women in Technology and Bloomberg Black in Tech, which foster
networking and career growth.

We adjust our training to address specific needs in regions as they arise. In 2022,
we evolved our Culture Connect program, launched the previous year in the Asia
Pacific (APAC) region in response to social unrest and cultural challenges. We held
16 training sessions, including 4 aimed at non-APAC-based leaders who manage
individual contributors within the region, in an effort to foster a cohesive environment
where differences can exist but respect and collaboration are able to thrive.

Abilities
Community
Working Families
Community

Women’sCommunity

Black Professional
Community

10,000+

Diversity Network& Allies
Community

employees belong
to a Bloomberg
Community

Pan-AsianCommunity

LatinxCommunity

Military & Veterans
CommunityLGBT & Ally
Community

As part of Hispanic Heritage Month, the Bloomberg Latinx Community hosted a fireside chat in
New York with Elizabeth de León Bhargava, the Assistant Secretary for Administration at the
U.S. Department of Housing and Urban Development.

2022 Impact Report 43

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Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Diversity & inclusion

Delivering on leadership advocacy and accountability
We’re embedding D&I policies throughout our organization and building a leadershipthat values all perspectives equally. Our D&I strategy focuses on ensuring businessand leadership accountability. All managers and team leaders are evaluated on six
leadership attributes, one of which is the ability to create a diverse and inclusive
work environment. Every Bloomberg department maintains a D&I plan that supports
innovation through strategies for recruitment, progression, product development
and client relationships, with business heads held accountable for achieving goals.
Our business heads also participate in an annual D&I Organizational Health Review
to assess progress on representation and the impact of their plan, and report theirresults to the Management Committee.
In 2022, we launched our Inclusion+ Roadmap in our Financial Solutions department,
an initiative that grew from its D&I plan. A global series of 10 educational andawareness workshops on race and ethnicity, these virtual sessions were attended by
430 team leaders and managers, helping drive leadership accountability as we strive
to create an environment where all employees feel equally empowered to succeed.
Advocating for racial equality
The fight against racial bigotry and hate involves all of us. At Bloomberg, we are
deeply committed to issues of racial equality in both our workplaces and in ourcommunities, and our focus on building diverse and inclusive teams extends toevery level of the organization. Even so, we are not yet where we want to be in termsof ethnic diversity across the organization, and recognize the need to do more todevelop and advance our ethnically diverse talent.
In 2022, we launched a new internal initiative called the Race Coalition, acollaboration between Bloomberg leadership and leaders from Bloomberg’s
employee-run Communities. Led by Bloomberg Vice Chairman Jean-Paul Zammitt,
the Race Coalition recognizes that advancing racial and ethnically diverse talentis both a responsibility and an opportunity. We’re committed to investing in anduplifting our current initiatives, and to identifying and sponsoring model programs
that can support success or be scaled to bring about vital change across Bloomberg.

Putting allyship into action
The Chairman’s Challenge encourages managers to develop D&I-focused ideas
with their teams, which can help increase inclusion and spur positive change inour business. Created by our Chairman, Peter Grauer, to reinforce our culture ofaccountability and advocacy, the theme for 2022 was allyship. Over 900 global
managers were engaged for the challenge, with 33 teams submitting detailed
proposals for employees to review and vote on. More than 10,000 votes were castfor entries in the Chairman’s Challenge across three categories, with a fourth winner
picked by the Chairman himself.
Most creative

Most collaborative

Women’s Health at Work exploredways to start a conversation and create
frameworks for education and support
around the topic of female health. As aresult, a new women’s health resource
for the U.K. was introduced in April 2023.

Bloomberg Voices aimed to identify andinvest in talent from underrepresented
groups, creating a robust training
program to help them speak withconfidence and increase representation
at Bloomberg events. Training for the
first cohorts began in Q1 2023.

Most potential for impact
Think Differently! proposed ideas toraise awareness and improve support
for neurodiverse employees and theirfamilies, while promoting businesssuccess. Since the vote, a number ofpartners have been identified to help
improve recruitment and training of
neurodiverse candidates.

Chairman’s choice
The D&I Mobile App proposed creatinga feature on the Bloomberg Professional
app to offer bite-sized D&I content thatcan be consumed on the go. Businessmeetings have already taken place tobegin bringing the idea to life.

2022 Impact Report 44

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Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Diversity & inclusion

Engaging, integrating and allying with underrepresented talent
We’re making allyship a key focus in our drive to ensure inclusion for all, exclusion fornone. While leadership can establish and advocate for policy, an authentic cultureof inclusion can only be fully achieved through allyship. By including everyone in theconversation — and in the act of creating positive change in the workplace — we strive
to ensure that no employee feels excluded, and all of us benefit. Successful allyshipis an active, continuous process, which is why our D&I teams keep up a continuous
drumbeat of activity and engagement.
In partnership with our employee-run Bloomberg Communities, we provide
opportunities for connection, education and integration between membersof underrepresented communities and allies throughout the year, pushing theboundaries on important issues, promoting empathy and understanding, andcelebrating the contribution members of every community make to the success of
our company and culture through our Heritage Months.
Continuing conversations
In 2022, as in previous years, we talked often and openly as a company about
diversity and inclusion issues. Throughout the year, we responded to global events,
providing support to employees facing challenges from Russia’s invasion of Ukraine
to the unpredictability of COVID-19 surges and incidents of racially-motivatedviolence in the U.S. Our leaders spoke out against hatred and discrimination in thewake of mass shootings in Buffalo, Texas and Colorado that affected the Black, Latinx
and LGBTQ+ communities, and other hate-motivated incidents throughout theyear. Our Diversity & Inclusion team hosted several drop-in office hours to provide aforum for employees to discuss the impact of these and other events from a personal
perspective. We also hosted conversations and training in response to a wide
range of issues from mental health to transgender allyship, women’s health and theprotests in Iran.

Global initiatives
Our D&I team in our Europe, Middle East & Africa (EMEA) region delivered a range
of initiatives in 2022, with the aim of strengthening stakeholder partnerships,
engaging employees and increasing the representation, retention and developmentof underrepresented talent at all levels. Highlights included a Windrush Day
conversation with immigration and asylum lawyer Jacqueline McKenzie, a leading
advocate on Windrush cases, and a week-long employee engagement campaign
during U.K. National Inclusion Week. We also partnered with our Financial Solutions
team on the Bloomberg Meets “Women In” series, which convened our salespeople
and senior Bloomberg clients to engage in meaningful conversations on the inclusionof women in the financial services industry. Over the course of the year, we engaged
2,900 employees across the region at D&I events, promoting allyship and resulting ina 13 percent increase in sign-ups to Bloomberg Communities.
In APAC, we identified disproportionate attrition rates for female talent, particularlyin the two- to five- year tenure band, and established an initiative to address theissue. Project FAIR (Female Attrition, Insights and Retention) engaged with 10 percent
of female team leaders and individual contributors across the region to identify
areas for improvement. We implemented changes that have the potential to havean immediate impact, and we are partnering with the Global Institute for Women’s
Leadership at the Australian National University on longer-term initiatives.

The Bloomberg Women’s Community offered BWC Amplify, an event series
featuring inspirational women and allies across Bloomberg talking openly aboutcareer development. Our employee newsletter explored topics on our Courageous
Conversation series, which featured employees discussing our collective fight forgender rights, mental health and pride.
The Bloomberg Latinx Community hosted a series of Cafecito Chats, which focusedon getting to know Latinx leaders at Bloomberg and recognized ways Latinx and
Hispanic employees gave back to their local communities in 2022, via volunteering,coaching, elected office or board memberships.

During Pride Month, Bloomberg branded a Hong Kong tram with our Pride message.

2022 Impact Report 45

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Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Diversity & inclusion

Improving representation and advancement
We’re working to increase representation by addressing inequalities and eliminating
bias in the recruitment process. We believe that disruptive, breakthrough ideas
come about when diverse teams look at challenges from different angles, which is
why improving representation — at every level of experience — is as much a business
imperative as a moral obligation. Systemic inequalities can only be tackled throughinclusive practices. We strive to eliminate bias from all communication to candidates
globally by investing in technology, systems and processes to promote diverse
hiring and to build a strong pipeline of talent.
Connecting with entry-level talent
We’ve forged strategic partnerships with key schools, organizations and nonprofits
to expand and strengthen our pipeline of diverse talent at all levels. Our multipronged strategy actively encourages candidates from underrepresented
communities to consider a career at Bloomberg and includes a special focus on
those seeking technology and engineering roles.
Our school-based strategy involves partnerships with the City University of New York(CUNY), Historically Black Universities and Colleges (HBCUs) and Hispanic Serving
Institutions (HSIs) to raise awareness of Bloomberg as a potential employer andencourage applications for internships and entry-level roles. As a direct resultof our strategy, hiring from HBCUs and HSIs doubled from 2021 to 2022.
In 2021, Bloomberg became a Founding Partner of the CUNY Futures in Financeinitiative (FIF), pledging $1.5 million over three years to prepare CUNY students
for careers in finance. The initiative provides training, mentorship and access tothe financial services industry and has already engaged more than 1,800 students
majoring in accounting, business, economics and finance across Brooklyn College,
City College of New York and Lehman College. In 2022, we welcomed more than 60
CUNY FIF students to a Career Day at our global headquarters in New York, whichshowcased roles and opportunities from Bloomberg and 17 other employers in thefinancial services industry.
Bloomberg also partnered with City Tutors, an initiative that provides tailored
professional mentorships for college students and recent alumni in communities
across New York City that have historically been underserved. One-hundred
Bloomberg employees worked with CUNY students and alumni in the City Tutors’
City Mentors program in one-on-one sessions; Bloomberg also hosted freeprofessional workshops for the students, including a Pathways to Careers in Financeworkshop.

We collaborated with close to 20 external organizations in 2022, including
Management Leadership for Tomorrow, Project BASTA and ALPFA, to help us
identify and hire candidates from underrepresented communities. Working
alongside our colleagues in Corporate Philanthropy, we created programming
and attended conventions. Initiatives in 2022 included a presence at AfroTech andthe Grace Hopper Celebration, two key events for recruiting Black and womenengineers, as well as our ongoing accelerator program with the University of Puerto
Rico, created to mentor the next generation of Latinx engineering talent. In London,
our Bloomberg Launch program for underrepresented entry-level talent sourced
through our D&I partners, referrals and university societies resulted in 55 full-timehires in 2022, more than twice the number from 2021.
We also revamped Bloomberg’s HBCU Academy of Excellence. Now in its third year,
the three-day summit welcomed more than 50 students from HBCUs and included
a talk from Mike Bloomberg. As a result of the program, 17 job offers were madeto attendees and 11 were accepted. We also launched a series of career readinessprograms for undergraduate students and recent graduates.

Awards & pledges• Bloomberg pledged continued support to the LGBTQ+ community after
earning a perfect score on the Human Rights Campaign Foundation’s 2022
Corporate Equality Index (CEI)• Bloomberg signed the Respect for Marriage Act in the U.S., continuing alongstanding drive to protect marriage equality under the law aroundthe world• Bloomberg Japan was acknowledged for “establishing new models for
employing people with disabilities to contribute to corporate growth” for thesecond consecutive year by the Accessibility Consortium of Enterprises (ACE)• Bloomberg won its third consecutive Gold Award in the PRIDE Index 2022,
Japan’s leading award for LGBTQ+ initiatives, and was also awarded thehighest certification for cross-sector collaboration in this area
• Bloomberg Australia committed to a Reconciliation Action Plan, which
actively champions Aboriginal and Torres Strait Islander inclusion in
the workplace

2022 Impact Report 46

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Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Diversity & inclusion

Improving representation and advancement (continued)
Reaching experienced candidates
In 2022, we expanded our Diversity Sourcing team, which now comprises 12
people across the U.S. and EMEA focused solely on adding diverse talent to ourcandidate slates for non-entry level job opportunities. The team connected withapproximately 1,200 candidates during the year, conducting outreach throughrecruiting databases, attending conferences and actively partnering with externalorganizations to advertise opportunities. Partner organizations included Black
Product Managers, Sponsors for Educational Opportunity and the American
Association of Blacks in Energy.
Bloomberg also partnered with the National Associations of Black and Hispanic
Journalists and had a high-profile presence at the 2022 conferences of bothorganizations, with the Editor-in-Chief of Bloomberg News personally interviewing
a selection of candidates at the NABJ conference. Our attendance led to thehiring of several new journalists and ongoing engagement with more than 10
other candidates. Recognizing that more work needs to be done to improve
representation, Bloomberg News is embarking on a proactive hiring strategy
for 2023, creating an extensive list of high-performing reporters and editorial
professionals from underrepresented communities and targeting themfor recruitment.
In London, we hosted our first on-site event targeted toward Black professionals
in research, enabling 111 professionals to learn about career opportunities on our
Bloomberg Intelligence team. In the coming year, the Diversity Sourcing team will
focus on positioning Bloomberg as an employer of choice for all underrepresented
communities and developing tools, resources and organizational capabilities tofurther enhance our ability to recruit diverse talent.
Employee self-identification
Our employee voluntary self-identification campaign, “Share Today. ShapeTomorrow,” is improving our understanding of our workforce and bolstering ourability to identify trends, support employees’ needs and track the progress of our
D&I agenda.
In 2022, we expanded the survey in certain countries in EMEA and APAC to include
sexual orientation and gender identity and began tracking social mobility in the
U.K. Globally, we continue to seek ways to improve our self-ID data, where legallypermitted to do so, and have refreshed our employee engagement campaign tohelp us reach disclosure goals across eight diversity fields, prioritizing categories
and regions with the lowest rates of self-identification.

Global gender ratio
Permanent employees by gender

2022*

2021

2020

2019

2018

2017

Female

34.9%

34.2%

33.3%

32.9%

31.8%

31.5%

Male

64.7%

65.4%

66.4%

66.8%

68.0%

68.4%

*Not declared: 0.4%

Our global gender ratio continues to improve incrementally, with theproportion of female employees increasing from 31.5% to almost 35% overthe past five years. APAC leads the way, with women making up 49.5% of theregion’s workforce. We recognize that more progress is needed in EMEA andthe Americas and are investing to meet that challenge.
U.S. ethnicity ratio (2022)

U.K. ethnicity ratio (2022)

White: 47.8%

White: 44.7%

Asian: 35.7%

Other andunknown: 28.1%

Hispanic: 8.6%
Black: 4.8%
Other andunknown: 3.0%

In the U.S. we have been successful
in attracting talent from ethnicallydiverse groups over time, andin 2022 we saw an increase in
the number of overall Black andHispanic employees. We continue
to invest with more resources
into recruitment, retention andadvancement programs to maintainthe gains that have been made.

Asian: 17.5%
Black: 4.9%
Mixed: 4.7%

In 2021 we started tracking U.K.
ethnicity data on a voluntary basis
and saw more self-identificationin 2022. We will continue toencourage employees to selfidentify on a voluntary basis
in order to better track andmanage our recruitment andretention programs in the U.K.
going forward, while continuing
to respect employees’ personal
choices in this regard andapplicable legal requirements.

2022 Impact Report 47

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Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Diversity & inclusion

Improving representation and advancement (continued)
Advancing careers

Supporting diverse leaders

Beyond recruitment, we recognize the essential need to increase representation
at all levels of the business by enabling and enhancing career progression for
all employees. We offer several programs to support the careers of women andethnically-diverse employees at Bloomberg under our Growth, Opportunities,
Access and Leadership (GOAL) banner.

Our Senior Women’s Forum serves women further along in their careers. Supporting
our goal of improving the retention, development and advancement of women, theforum provides a space for peer networking and advocacy and currently comprises
over 350 global participants. In 2022, we also expanded the Multicultural Leaders
Forum, providing more than 220 managers in the Americas and EMEA with newopportunities to develop in their role as leaders and professionals, strengthen their
networks at Bloomberg and gain insight and inspiration from external speakers.

Our GOAL Development program specifically focuses on high-performing talentfrom underrepresented groups who are ready for personal and professional
growth. The GOAL Advancement program identifies high-potential talent fromunderrepresented groups who are ready to take the next step, supporting themand helping our company identify future leaders and increase diversity at all levelsof leadership. In addition, our GOAL Insights program gives employees a highlevel overview of GOAL content and demonstrates how they can take advantage ofthe other programs.
In 2022, around 400 employees attended live sessions for GOAL Insights, while afurther 500 accessed its six one-hour modules online. The retention rate among
participants was 91 percent. A further 300 individual contributors and teamleaders took part in GOAL Development, resulting in an 85 percent retention rate.
We also increased our GOAL Advancement numbers, welcoming 186 participants
and alumni globally, 77 percent of whom have experienced career progression or
made lateral moves to date.

Together, the forums hosted a series of networking events in 2022, including“Women and Leadership: Real Lives, Real Lessons” moderated by Bloomberg’s
Global Head of Diversity and Inclusion and featuring two women leaders, the firstfemale Prime Minister of Australia and the Director General of the World Trade
Organization, discussing equality in leadership.
Our Women in Engineering Leadership Development (WELD) and MulticulturalEngineering Leadership (MELD) programs continued to support female andmulticultural team leaders globally by providing ongoing exposure, support fromsenior leadership and access to a broad network of other leaders. In 2022, we
expanded the programs and launched a leadership development pod to support
team leaders who identify as LGBTQ+.

“The GOAL program has opened my eyes to
how I can be more intentional about my career.”– Sales Manager, London“When a role came up, GOAL gaveme the confidence to believe:‘Yes, I am qualified. Yes, I can add value.’“– Index Implementation Specialist, Princeton“GOAL gave me the right mindset,
frameworks and support groups to leadmy team and make a bigger impact.“– Employee Operations Manager, Tokyo

In 2022, Bloomberg sponsored Being
Black in the United Kingdom, a reportby nonprofit research organization
Coqual on the challenges facedby Black professionals in the U.K.,
designed to equip corporate leaderswith the necessary knowledge,
data and insight to build a diverse,
equitable and inclusive workplaceenvironment.
2022 Impact Report 48

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Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Leadership & talent development

Activating every employee’s potential.
We provide continuous learning opportunities to help our talentrealize their career ambitions and prepare to lead.
Our greatest asset is our people. Investing in and supporting the professional growthand career development of our employees positively impacts our business. With ourglobal footprint, flat structure and diverse business areas, we provide employees withcountless opportunities to learn, contribute, collaborate and shape their career path.
Our Leadership & Talent Development team supports talent management throughprograms, systems and tools designed to track, retain, develop and invest in our
employees. This talent pipeline played a critical role in our success in 2022, with the
majority of leadership roles filled internally.
A foundation for career growth
Our onboarding program for new hires lasts 365 days, helping employees acclimate
to our culture and enabling them to have a productive and innovative first year at
Bloomberg. Through the four phases of the program — Get Informed, Settle In, Dive
Deeper and Get Involved — new hires learn about our business and values, connect
with our Diversity & Inclusion and Corporate Philanthropy teams, meet with seniorleaders and network with their peers and the wider Bloomberg community. In 2022,
we welcomed 4,200 new hires globally and were able to return to holding our Day 1
experiences in person, following several years of gathering virtually.
New-hire experience

Get informed
Day 1 - Month 1

Settle In
Month 2 - Month 6

Dive Deeper
Month 6 - Month 9

Get Involved
Month 9 - Month 12

Bloomberg’s onboarding program supports new hires through their first year.

All employees have ongoing access to best-in-class learning resources, bothinternally through our Bloomberg University development platform and externallythrough our learning partners, including LinkedIn and MindTools. Our offerings
are tailored to meet the diverse interests, needs and learning styles of each
employee and include a wide range of professional courses on topics including
communications, emotional intelligence, influencing and career development, as well
as more technical skills related to business-specific roles.

Building the skills to lead
At Bloomberg, leadership development is a journey. Through a series of deliberate
and thoughtful programs, we help new and experienced leaders increase theiradaptability, gain new perspectives, refine their leadership style and build skills toenhance their impact.
To support new Team Leaders, Bloomberg provides them with access to unlimited
coaching for their first year in-role, as well as opportunities to learn, connect andexpand their network through TLx (Team Leader Experience). In 2022, 700 employees
took part in TLx, which has supported over 1,300 people globally to date.
In APAC, our Local Leadership Accelerator program, which is designed to prepare
local talent across the region to fill critical management roles, welcomed a new cohortof employees in 2022. Since the 12-month program started in 2017, more than 90
employees have taken part.
In 2022, 580 employees completed SLII®, a leadership program that helps managers
refine their leadership style and learn how to provide the support and direction theirteams need to achieve their goals more efficiently and strategically. We also brought
leaders from across the company to West Point, New York, to participate in the firstcross-functional Thayer Leadership Bloomberg Experience. Led by retired U.S. military
officers, this immersive, action-oriented experience taught participants about the U.S.
military’s Leadership Paradigm, which stresses the critical value of mutual trust, sharedunderstanding and clear intent in helping teams achieve their goals and objectives.

Upskilling through apprenticeships
To support internal mobility and in-role development, we launched a U.K.
Apprenticeship pilot program in 2022, offering 15 apprenticeships leading toqualifications in data literacy, project management, A.I., data science and otherfields. The pilot expands our existing EMEA program, which is currently helping
95 apprentices to grow their skills while addressing potential future skill gaps
within the company and increasing employee engagement.
2022 Impact Report 49

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Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Health & well-being

Helping employees thrive.
We take care of employees so they
can focus on changing the world.
Bloomberg provides a comprehensive suite of programs and benefits designed to
improve the financial, physical and mental health and well-being of employees andtheir dependents, reduce health risks, and manage work and family demands. We
support employees’ work and family needs across all major life events with benefits
that align with our diversity and inclusion priorities.
Enabling health, wealth and wellnessWe offer programs and resources to assist with fertility, adoption, lactation, parenting,child care, education and adult/elder care. (Programs vary by location.) We also
provide a generous gender-neutral parental leave of 26 weeks for primary caregivers
worldwide and 25 days of back-up dependent care in the U.S., which can also be used
to secure virtual tutoring for employees and/or their minor dependents. In 2022, we
introduced travel reimbursement for certain covered medical services in the U.S., toensure that all employees have the same access to the health coverage they need, nomatter where in the country they live.
Our financial well-being benefits include financial education and access to financial
planners; student loan refinancing; income protection through insurance; and a varietyof retirement plans, including an ESG fund option in the U.S. and U.K. fund lineups. In
a number of our global locations, we provide discounts for gym memberships, weightloss programs and other fitness-related activities, and subsidies for Bloomberg sports
teams. In locations where we have a larger footprint, we maintain on-site wellness
services, including health centers and wellness coaches.
Supporting mental health
Mental health and resiliency continue to be key priorities for our Human Resources
team. Our mental health benefits include counseling, therapy and telehealthservices in the U.S., including on-site EAP resources in New York and New Jersey.
Our global support includes an interactive portal that connects employees toBloomberg’s mental health benefits and additional resources, an online chat,mental health first-aid training and wellness spaces in our offices.
To mark World Mental Health Day 2022, we piloted a program at our global
headquarters designed to meet employees where they are, when they need it most.
Signs highlighting our mental health support and including a QR code were placedin discreet locations such as restrooms and quiet rooms, resulting in a measurable
increase in utilization of our mental health resources.

Our 2022 benefits awareness campaigns empowered employees to make the most of their benefits,
highlighting employee stories about using benefits at criticial moments.

In APAC, we recognized the cultural challenges that can make it difficult for
employees to talk about mental health. We partnered with a Hong Kong-based
nonprofit to bring the “This is Me” mental health storytelling campaign, an initiative
led by the Lord Mayor’s Appeal in London, to Asia. We launched a series of videos
featuring employees who had accessed and benefited from our mental healthsupport. By sharing their own stories in their own words, our employees helped
normalize conversations about mental wellness.
Empowering sustainable choices
Sustainability benefits available to employees include free electric vehicle charging
at four of our offices and data centers in New Jersey, and at our Lugano, Switzerland,
office. In 2022, we expanded this initiative to provide 57 chargers for employee
vehicles. Bloomberg’s partnership with solar provider Common Energy also connects
U.S.-based employees with solar projects that generate clean energy and lower
emissions in their communities. Employees who participate in the program support
new, local solar projects and receive clean energy credits that reduce their electricity
cost each month.
There are now over 240 employees in New York and New Jersey who are fully enrolled
and subscribed to 12 Common Energy projects across five states. Together, theseprojects will generate about 25 million kilowatt hours of clean energy and prevent over
11 million pounds of carbon emissions each year.
2022 Impact Report 50

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Employee engagement

Making connections.
We provide opportunities for employees
to grow through new experiences.
Our employee engagement programs include volunteering opportunities, talks
with leading thinkers in business, philanthropy and the arts and access to cultural
institutions. These activities expose employees to new perspectives that can sparkideas, strengthen bonds with colleagues and inspire teams to better navigate
business challenges.
Throughout the year, the Communications, Marketing, Corporate Philanthropy,
HR and Management teams helped Bloomberg employees stay connected to thecompany and each other through virtual, hybrid and on-site events, social media,
a weekly employee newsletter and more.
Best of Bloomberg
We continued to create opportunities for employees to connect with theircommunities, each other and Bloomberg’s unique culture of purpose, innovationand inclusion. Through our Best of Bloomberg program, a record 18,382 employees
from 111 cities participated in volunteering, giving and access programs during 2022,
including 784 team projects hosted at the request of 60 departments acrossthe company.

Volunteering
In 2022, 14,991 employees from 98 cities volunteered their time and talents in supportof their communities, helping provide food and necessities, providing educational
mentoring, engaging in environmental stewardship and much more. In all, employees
provided 131,847 hours of collective service over the year.
GivingDriven largely by the increasing scale and severity of humanitarian crises and natural
disasters globally, 4,646 employees from 91 cities unlocked over $10.2 million offunding for nonprofits working on causes of personal importance to them in 2022. Our
Dollars For Your Hours program continued to recognize employees for acts of service.
For every 25 hours of service an employee puts in, up to 50 hours, Bloomberg provides$2,500 to donate to a charitable organization of their choosing. The company also
provides a match on personal charitable donations and charitable dollars for successful
employee referrals.
AccessWe believe culture can be a driving force behind connection and serve as a potent
reminder of the impact that shared ideas and values can have on our output. In 2022,
10,012 employees from 81 cities benefited from discounted or complimentary accessto 277 galleries, museums and performing arts institutions within our global network ofnonprofit partners, as well as a series of philanthropic events. As pandemic restrictions
eased, we curated unique experiences in collaboration with local office committees,giving employees exclusive access to cultural events hosted by senior leaders.

Employees in New York filled backpacks with school supplies on Child Poverty Awareness Day.
2022 Impact Report 51

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Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Employee engagement

Bringing our true selves to work
Cultural awareness is the foundation of a diverse, equitable and inclusive culture. In
August 2022, our Engineering Financial Analytics team organized a Culture Day eventin our New York office, giving team members an opportunity to share their culture
with their colleagues and learn from one another. Over 50 employees organized into
10 teams to showcase national cultures from around the world, sample regional foodand take part in games and friendly competitions that helped bring a diverse groupof employees closer together. The event inspired similar meet-ups in our London andLugano, Switzerland, offices.

Employees in New York showcased their cultures at Culture Day.

Protecting pollinators
Bloomberg partners with Alvéole, a social beekeeping company, to maintainrooftop beehives at our three New York City offices. Employees attended interactive
workshops and tracked the bees’ journey as they pollinated urban flora during thesummer. At the end of the season, we harvested their honey and shared hundredsof jars with our community.

Employees in New York learn about beekeeping.

2022 Impact Report 52

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Reducing our emissions

Supporting climate action

Driving social change

Goals

2022 progress

Promote an inclusive
global economy• 900+ social and governance metrics
tracked on the Bloomberg Terminal

We’re driving
change on criticalsocial issues.
We provide data and news on sustainability and equality to help
investors, entrepreneurs and policymakers build more resilientand sustainable communities. We use the time and talents of ouremployees and resources of our business to promote a more
inclusive global economy, expand access to data and technology,
support diverse voices in media and the arts and meet urgent
needs in the cities in which our employees live and work.

Investing in our people• Bloomberg Social and Governance Scoresfor 5,500 companies• 484 companies included in the 2023
Bloomberg Gender-Equality Index• 43 law firms recognized in Bloomberg
Law’s 2022 DEI Framework Listing• 38,653 mentoring interactions facilitatedfor students and adults from underrepresented communities
Expand accessto data and technology• 150+ museums and cultural spaces
sharing art and culture via the Bloomberg
Connects app

Support diverse voices
in media and the arts

• New cohort of 120+ senior women anddiverse executives trained in media
skills through Bloomberg’s New Voices
program• 8,400+ women in the Bloomberg News
expert sources database• 823 students and mid-level professionals
in 16 countries trained in businessand financial journalism through the
Bloomberg Media Initiative Africa
since 2015

Address the world’s mostpressing needs• 14,991 employee volunteers• 131,847 employee volunteer hours• 614 cities impacted

2022 highlights• 1,979 nonprofits supported

54

Inclusive economy• 810,142 meals distributed

58

Data & technology

60Media & the arts

• 87,460 supply kits created for people in
need

62

Local communities
2022 Impact Report 53

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Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Inclusive economy

Promoting an inclusive global economy.
We support efforts to make the world’s economy
fairer and more inclusive.
Economic inequality presents a significant threat to the stability of the global
economy and stifles innovation. Bloomberg provides corporate social andgovernance data, news and insights about equality and philanthropic support
to help investors, entrepreneurs and communities even the playing field.

Bloomberg’s other social scores include Bloomberg Gender-Equality Index Scores,
which assess company progress toward gender equality in the workplace; daily
Environmental & Social News Sentiment Scores derived from news coverage; andESG Disclosure Scores, which rate companies on their level of ESG disclosure.

Facilitating corporate action

In addition, we offer a variety of products and services for investors and companies
seeking to better understand and respond to emerging social trends. These include
data and research on evaluating and scoring social bonds — bonds that fund projects
with social benefits — from Bloomberg Intelligence and BloombergNEF, along withpractical guidance on establishing programs and policies around human capital,
human rights and supply chain issues from Bloomberg Law, our subscription-based
legal research service.

Bloomberg’s transparent and actionable social and governance data, scores andinsights help investors and companies better evaluate assets and report on social
performance.
We currently track more than 900 social and governance metrics, including genderequality data for the publicly held companies that report their data directly to
Bloomberg through the Bloomberg Gender-Equality Index Reporting Framework.
Our social and governance data is available on the Bloomberg Terminal and as anenterprise data feed via Bloomberg Data License, which allows this information to be
used across a firm by multiple applications and people.
We also provide EEO-1 data on the Bloomberg Terminal. This dataset provides U.S.
workforce race and ethnicity demographics for companies on the Russell 3000 Index
that volunteer to publicly disclose this information from their U.S. Equal Employment
Opportunity Commission (EEOC) filings. (While U.S. companies with more than 100
employees are required to disclose details about the racial and ethnic compositionof their workforce to the EEOC, they do not have to publish this information publicly.)
We monitor disclosures across the Russell 3000 and update the dataset as additional
reports are published.
We provide five types of proprietary scores that investors can use to quickly andsimply evaluate performance across a range of social and governance issues andassess company activities relative to industry peers. These include Bloomberg
Governance Scores, which score the relative performance of companies
across industries on governance themes like board composition and executive
compensation, and industry-specific Environmental & Social (ES) Scores. Available
for 5,500 global companies, Bloomberg’s Governance and ES Scores are data-driven
and fully transparent, allowing users to examine the company-reported social data
underlying each score.

Recognizing leading law firms
The Bloomberg Law Diversity, Equity & Inclusion (DEI) Framework, developedin collaboration with Bloomberg’s Gender-Equality Index team, is the legal
industry’s first and only standardized and fully transparent methodology tomeasure law firms’ performance in key areas of diversity, equity and inclusion.
In 2022, Bloomberg Law recognized 43 U.S.-based law firms in its second
annual DEI Framework Listing of law firms that meet or exceed a rising standard
for diversity, equity and inclusion.
Bloomberg Law also launched an annual recognition program, the Bloomberg
Law Pro Bono Innovators, to highlight law industry leaders that have come up
with innovative ways to provide legal services to underserved communities.
The work of the 15 inaugural honorees spans a panoply of issues faced acrossthe country and the globe, including securing post-9/11 educational benefits
for up to 1.7 million U.S. veterans; serving as pro bono counsel to the panel
investigating the police-related death of Elijah McClain, a young, unarmed
Black man in Aurora, Colorado; and providing legal consultations to migrants at
the U.S./Mexico border.
2022 Impact Report 54

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Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Inclusive economy

Bloomberg Gender-Equality Index

Building organizational capacity

As investors seek out more information on how companies are managing diversity,
the Bloomberg Gender-Equality Index (GEI) increases visibility into this previously
opaque area of ESG reporting.

Bloomberg is committed to helping women- and Black-owned businesses,
humanitarian partners and nonprofit organizations build the capacity to innovateand support the growth of their local communities. In 2022, employee volunteers
supported these organizations in a number of ways, including providing pro bonobranding and advertising expertise to drive fundraising efforts; helping leadersof tech nonprofits improve their pitching skills through our partnership with Fast
Forward; serving as evaluators for the Echoing Green Fellowship for emerging
leaders; and supporting social enterprises focused on improving the U.K. education
system through intrapreneurship and innovation with the Fair Education Alliance.

The GEI is a reference index that brings transparency to gender-related practices
and policies at publicly listed companies. Companies around the world submit
information to Bloomberg through the GEI Reporting Framework, providing
standardized data that investors can use to compare how these companies areinvesting in women in the workplace, the supply chain and the communities inwhich they operate. Companies included in the index have a relatively high level of
disclosure in five gender-related categories, demonstrating their commitment toadvancing gender equality.
In 2022, the number of companies that submitted their data to Bloomberg via
the GEI Reporting Framework increased by 11 percent, and the GEI member list
grew by 16 percent. Teams from Bloomberg’s Engineering and Data departments
maintained an online portal in 10 languages, making it easier for companies tocollaborate internally and report their gender-related data.
The 2023 GEI (2022 reporting) features 484 companies from 54 industries
headquartered in 45 countries and regions, representing a total market
capitalization of $16 trillion.

Score sheet
On average, companies on the Bloomberg Gender-Equality Index scored 97% outof a maximum score of 100% for their level of disclosure and 63% for their overall
performance on data excellence.

73%

Average overall
GEI score97%

Averagedisclosure score

63%

Average data excellence
performance score

Performance score by data excellence pillars
score of
53% Average
Female leadership & talent pipeline

Advancing the discussion
Bloomberg Equality is committed to reporting on issues of race, diversity andfairness. Its content is available on the Bloomberg Terminal and on all Bloomberg
Media platforms and is integrated across all content pillars such as climate change,technology and healthcare.
In 2022, notable coverage included a series of investigations into the role big banks
have played in the persistent U.S. racial wealth gap; exclusive reporting around toxic
workplace culture; an investigative podcast, “In Trust,”that uncovered a massive
transfer of wealth a century ago from members of the Osage Nation in Oklahoma towhite families; the fourth season of “The Pay Check” podcast, which examined global
economic inequality during the pandemic; and Bloomberg Businessweek special
issues on equality and why it’s getting harder to be a woman in America.
Bloomberg Live hosted two Bloomberg Equality Summits in 2022, convening
corporate executives, policymakers, thought leaders and advocates working to createa more just business and economic climate for all. The March event in New York,“Measuring the Movement: Accountability in Action,” gathered leaders at the forefrontof advancing equity and inclusion to discuss concrete ways to make change.
The October summit in London, “Equal Opportunities: Building a Fair Future,”
explored the dangerous consequences of economic inequality and how to create a
blueprint for a future based on equitable prosperity.

score of
64% Average
Equal pay & gender pay parity
Average score of

71% Inclusive culture

Average score of

70% Anti-sexual harassment policies
Average score of

54% Pro-women brand
2022 Impact Report 55

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Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Inclusive economy

Opening doors
Women’s work
As the United States welcomes the employment and economic advancement of
women, does it support them? A Bloomberg Businessweek cover story examinedthe data and concluded that it’s actually getting harder to be a woman in America.

2022 highlights included:

Hierarchy of Precariousness• Number of U.S. women affected
Drag• 65 million

Depressing•

Distressing

Deadly• 32 million• 72 million• 861

61% of the people who
provide unpaid care in
the U.S. are women

The women’s-to-men’s
earnings ratio has
stayed in the 80% to
83% range since 2004

America’s maternalmortality rate of 24
per 100,000 live births
is the highest of any
industrialized nation• 26 million• 11 million• 65 million• 581

Women hold about
two-thirds of student
loan debt

Half of women age
55 to 66 have noretirement savings

Women with children
under 6 have a labor
participation rate of
66% vs. 94% for thecomparable malecohortSuicide is the No. 2
cause of death for girls
age 10 through womenage 24, up from No. 3 adecade ago• 2,055• 9 million• 693,000

A court struck down a
California law requiring
public companies
based in the state tohave at least two female
directors on their board

The PUMP Act, abill that would haveextended workplacebreastfeedingprotections to nursing
parents, failed to pass
the U.S. Senate in June

The price of a box oftampons is up almost
10% through May 2022
(plus, they’ve gotten
hard to come by)Bloomberg employees build on our company’s legacy of helping to make financial
markets more transparent and accessible by working with nonprofit partners to train
and mentor individuals from underserved communities. A key focus for our company
is improving access to financial industry careers for historically underrepresented
groups. In 2022, employees facilitated more than 38,600 mentoring interactions.

•

Almost 64% of workers
earning the federal
minimum wage or lessare women•

Adapted from infographic featured in “It’s Getting Harder to Be a Woman in America,” Bloomberg
Businessweek, Aug. 8, 2022.

•

GRI: 203-2, 413-1

 U Women in Finance Initiative: Launched in March, Bloomberg’s new effort toE
promote greater gender diversity in finance aims to demystify financial services
and motivate more young women across the European Union to consider a careerin finance. Bloomberg is partnering with Junior Achievement Europe to offer
bespoke financial markets training and mentoring sessions with inspirational
women leaders such as Ana Botín, the Executive Chairman of Grupo Santander,
and Mairead McGuinness, European Commissioner for Financial Stability, Financial
Services and the Capital Markets Union. In its first year, the EU Women in FinanceInitiative reached 297 high-school students in Belgium, France, Germany, theNetherlands, Italy and Spain.
 loomberg and HBCU ESG Trading Challenge: In September, Bloomberg hosted an
B
ESG Trading Challenge at five Historically Black Colleges and Universities (HBCUs) in
the U.S. Students used the Bloomberg Terminal and our ESG tools to invest 1 million
virtual U.S. dollars across various securities, within specific ESG parameters, over amonth, while engaging with employees on Bloomberg’s Analytics and Enterprise
Services teams. As part of the experience, the students were among the first groupof users to complete the new Bloomberg for Education ESG Certificate course,
earning a credential they can add to their resumes and LinkedIn profiles.
 our Future In Finance: Banking & Beyond: Bloomberg partnered with sevenYfinancial institutions and six nonprofits to launch Your Future In Finance: Banking& Beyond, a program to increase exposure to financial industry careers for womenfrom non-Chinese or low-income communities in Hong Kong, who typically have
limited access to the sector. Fifty students from various ethnic and socioeconomic
backgrounds participated in the two-month pilot program, gaining valuable industry
knowledge and expanding their professional network via panel discussions, weekly
mentoring sessions, soft-skills training and company visits.
 he Sutton Trust Career Insight and Bursary Program: Bloomberg launched aTprogram with the London-based nonprofit Sutton Trust to provide high-achieving
university students from low-income families in the U.K. with access to careerdevelopment opportunities. Open to students who have participated in the Sutton
Trust’s college and career readiness initiatives, the program connects participants toworkshops, mentoring, work experience and internships at Bloomberg and providesa £3000 bursary for travel and other career development expenses.
2022 Impact Report 56

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Inclusive economy

Addressing racial inequality
In the United States and across the world, individuals have been shut out ofopportunities in the workplace and systematically denied the ability to build andkeep wealth because of their race. Bloomberg is engaged in addressing racialinequity at both the individual and the systemic level.
In 2022, initiatives included:••

 he Power of Difference: The Bloomberg Black Professional Community’s signatureT
event brings together leaders across industries to engage in dialogue on inclusive
leadership, leveraging difference and driving innovation and business impact.
The 2022 Power of Difference Summit, held in partnership with Bloomberg
Philanthropies’ Greenwood Initiative, focused on advancing racial equity in climate
justice.
 upplier Diversity Task Force: Bloomberg established a Supplier Diversity Task
S
Force in our company’s Procurement department to support efforts to source
diverse and small suppliers in collaboration with Bloomberg’s Diversity and Inclusion
team. The Task Force partnered with an industry leader in supplier diversity
solutions to provide the data and tools needed for these efforts. We’re currently
developing a plan that allows us to identify opportunities to work with diverse andsmall suppliers.

The Greenwood Initiative
Bloomberg Philanthropies’ Greenwood Initiative works to accelerate the pace ofBlack wealth accumulation and address decades of systemic underinvestment inBlack communities. Named after the prosperous Black neighborhood in Tulsa,
Oklahoma, that was destroyed in the 1921 Tulsa Race Massacre, the Greenwood
Initiative has made a series of innovative investments since its inception in 2020and formed strategic partnerships designed to have a far-reaching impact.
In 2022, the Greenwood Initiative launched the Black Wealth Data Center and its
Racial Wealth Equity Database to tackle the issue of inaccessible and insufficient
data on racial wealth disparities. Until now, organizations and policymakers have
had to seek this data from numerous sources, and it is often outdated, incomplete
or difficult to find. The new database now houses more than 34 datasets acrossfive key topics — assets & debt, education, housing, employment and businessownership — to empower decision makers with reliable data that can drive policies
and programs that advance racial wealth equity.
Through the Greenwood Initiative, Bloomberg Philanthropies has also partneredwith Johns Hopkins University (JHU) to launch the Vivien Thomas Scholars Initiative,
focused on addressing historic underrepresentation in the science, technology,
engineering and math (STEM) fields. The initiative aims to support a new, morediverse generation of scholars and researchers in these fields by funding students
from HBCUs and Minority Serving Institutions (MSIs) to pursue PhDs in STEM
at Johns Hopkins. In 2022, the program welcomed its inaugural cohort of 20
scholars, in disciplines ranging from neuroscience to physics to engineering.
Moving forward, it will permanently support 100 PhD students in JHU’s 30+ STEM
programs every year.
The Greenwood Initiative’s first major investment, a gift to America’s four
historically Black medical schools, is easing the debt burden of approximately
950 medical students at Meharry Medical College in Nashville, Tennessee;
Howard University College of Medicine in Washington, D.C.; Morehouse Schoolof Medicine in Atlanta; and Charles R. Drew University of Medicine and Science in
Los Angeles. More than 450 students supported through the program have now
graduated and begun their medical careers.

GRI: 203-2, 413-1

2022 Impact Report 57

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Data & technology

Expanding access to data and technology.
We’re committed to creating a more level playing field
in society by improving access to information.
We share our expertise to strengthen data use and analysis by social impact
organizations, assist cultural institutions in engaging a wider audience throughtechnology and help a diverse spectrum of students acquire the technical and soft
skills they need to unlock opportunity and drive progress in an increasingly digitalworld.
Using data to solve social challenges
We believe that effective implementation of data can uncover unique insights andhelp solve real-world challenges.
Bloomberg’s Data For Good Exchange (D4GX) initiatives help organizations andindividuals better leverage data to solve social problems. In 2022, Bloomberg
partnered with strategic philanthropy foundation Dasra to support the D4GX India
Empowerment Challenge, a search for promising early-stage innovations thatserve the interests of India’s most vulnerable people. Employees from Bloomberg’sEngineering and Data teams in India provided one-on-one mentoring and technicalsupport for the 10 shortlisted innovators. The three Challenge winners are using datato help children with disabilities and their families design their own intervention
plans; identify urban spaces that are harassment and abuse hotspots; and enablefinancial literacy among women farmers.

Bridging the digital divideWith jobs changing and disappearing as a result of the digital revolution, workers
need new skills to thrive in the evolving global economy. Bloomberg works with anumber of organizations to open up opportunities in the technology industry andbridge the digital divide that begins in early education.
In 2022, Bloomberg employees worked with a variety of organizations to teachtechnical and soft skills to students from underrepresented groups in New York,Princeton, São Paulo, London, Frankfurt, Lugano, Singapore and Hong Kong.
In São Paulo, the Brazil Chapter of the Bloomberg Women’s Buy-Side Network
offered a free Python bootcamp for women in asset management to equip themwith skills that are in high demand. The bootcamp included a coding course,
training on using Bloomberg’s BQuant quantitative research tool and mentoringfrom Bloomberg engineers. In New York, employees worked with Girls Who Invest
to train 200 college women on how to use the Bloomberg Terminal in preparation
for summer internships at asset management firms, and Bloomberg engineers
provided coaching to 30 female and non-binary teens attending the Kode with
Klossy summer coding camp, among many other efforts.

New York City: Coaching teenagers attending the Kode with Klossy summer camp.

GRI: 203-2, 413-1

2022 Impact Report 58

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Data & technology

Broadening technology innovation
Bloomberg is an “open source first” company, which means we encourage ourengineers and technologists to refine and extend high-quality, web-scale open
source software to address our needs rather than use proprietary or source-available
solutions. We do this because we believe that open source software is a
key driver of innovation that brings diverse perspectives, skills and expertise
together to solve real problems — not only within our business, but across theglobal tech industry.

Connecting audiences to culture

Our engineers are active members of the open source community, contributing theirskills and passion to a wide variety of initiatives, and hundreds of global employees,
from senior leadership down, are encouraged to get involved in efforts to produce,
publish and support open source software. In 2022, our Open Source Program
Office in Bloomberg’s Office of the CTO and Corporate Philanthropy launched theBloomberg FOSS Contributor Fund, a framework designed to put sponsorshipdecisions of free and open source software (FOSS) projects into the hands ofBloomberg employees who are active within the open source community.

Since 1999, Bloomberg Philanthropies has helped cultural institutions use
technology to transform the visitor experience, encouraging interaction andexploration on- and off-site. This work includes the Digital Accelerator Program,which helps cultural organizations use technology to build audiences, increase
fundraising, drive revenue and deliver dynamic programming virtually and inperson. Bloomberg Philanthropies expanded the program in 2022, and it now
supports more than 100 arts organizations in the U.S. and the U.K.

We also sustain and broaden the scope of innovation through direct collaboration
with open source communities. Bloomberg funds academic research that produces
new or enhanced libraries, as well as teams that directly create and extend projects
relevant to our products, including Project Jupyter and JupyterLab. We host events,
sponsor projects and provide access to the knowledge and experience of ourengineers. Since 2013, we have hosted Open Source Day and Open Source Weekend
events that bring together our employees, community members and students tosprint on open issues in open source projects.

Digital technology has the power to make the offerings of arts and culturalorganizations more accessible — not just to those visiting in person, but topeople around the world.

Bloomberg Philanthropies also created the Bloomberg Connects app,developed in partnership with Bloomberg engineers and UX designers. The
free, easy-to-use app features guides to museums, galleries, sculpture parks,
gardens and cultural spaces. From visit planning tools to unique perspectives
from artists and curators, Bloomberg Connects allows visitors and enthusiasts
to discover, access and engage with arts and culture from their mobile devices,anytime, anywhere.
In 2022, Bloomberg Connects expanded the reach of the app to more than150 cultural organizations globally, surpassed 1.25 million users and added
new features, including multilingual capabilities and enhanced accessibility
tools. Bloomberg Philanthropies provides cultural organizations access to theapp platform at no cost and handles technology development, maintenance andongoing product enhancements.

2022 Impact Report 59

Contents

Approach

Reducing our emissions

Supporting climate action

Driving social change

Investing in our people

Media & the arts

Supporting diverse voices
in media and the arts.
To broaden perspectives, enhance innovation andpromote equality, we help women and people fromdiverse backgrounds share their ideas and insights
with a wider audience.
We’re improving the mix of sources in our news stories to better reflect thedemographics of our communities and working to ensure that a diverse range ofvoices are involved in reporting and shaping business news. We’re also amplifying
diverse voices in the arts through Bloomberg Philanthropies initiatives that support
the work of artists and cultural organizations from underrepresented communities.

We’ve more than tripled the percentage of women external guests on Bloomberg TV
2023 target: 36%
34%

35%

30%

30%

27%

25%

Diversifying our news sources
Bloomberg is committed to diversity in the newsroom, at every level in our workforce
and in our content. It matters who assigns a story, who reports and writes it, who edits
and shapes it — as well as whose voices are drawn upon to tell it.
In 2018, Bloomberg launched the New Voices initiative to increase the representationof women and minority executives as sources in both online and on-air content. The
program initially began with the establishment of a definitive global list of female
experts in finance and business, a system to track diverse sourcing and the fundingof media training for top women executives. In 2022, we brought New Voices media
training to Tokyo and Zurich for the first time, adding to the already-established New
Voices hubs of New York, Toronto, San Francisco, Washington, D.C., London, Mumbai,
Dubai, Singapore, Hong Kong, Sydney and Johannesburg. In the U.S., we continued
to offer media training to Black and Latinx executives of all gender identities.
To further raise the profile of the business and financial executives who participate in
New Voices training, we established a dedicated section of the Bloomberg Equality
website to showcase clips of broadcast interviews in which the executives appear.
Since the program began, we’ve brought media training to 13 global cities, more thantripled the percentage of external female guests on Bloomberg Television and grown
our global database of women sources from 500 to more than 8,400 names.

21%

20%
15%
10%

10%

5%
0
January 2018

2019

2020

2021

2022

We’ve increased the percentage of women sources in our top news stories
35%
30%2023 target: 25%

25%

20%

20%

16%
15%

10%

10%
5%

11%

2%

0
January 2018

2019

2020

2021

2022

2022 Impact Report 60

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Media & the arts

Strengthening financial journalism
The Bloomberg Global Business and Financial Journalism Education Initiative runs a
range of programs designed to strengthen reporting on financial markets and global
economies and increase diversity in business journalism. These include academic
and university-affiliated courses leading to a completion certificate or counting
towards a master’s or undergraduate degree; a one-week immersive course inbusiness reporting; community-based programs that introduce students to careers injournalism; and the Bloomberg Media Initiative Africa, launched to advance financial
journalism and contribute to economic development in Africa.
In 2022, the Bloomberg Media Initiative Africa resumed its six-month, part-time
Financial Journalism Training (FJT) certificate programs in Dar es Salaam, Tanzania,
after a two-year pause due to the COVID-19 pandemic. Since 2015, Bloomberg News
reporters have partnered with local university faculty to teach business, data analysis
and journalism skills to journalists and other professionals in South Africa, Kenya,
Nigeria, Ghana, Tanzania and Zambia. To date, 823 journalists and professionals havecompleted the FJT program and 13 graduates of the program have been hired byBloomberg News.
In New York and London, Bloomberg’s Journalism Diversity Program brought 46
college students from diverse backgrounds to Bloomberg’s offices for a week tolearn the fundamental principles of business reporting and editing from Bloomberg
journalists and executives and journalism school instructors.
In the U.K., Bloomberg reporters partnered with the Refugee Journalism Project toteach a series of workshops for 20 refugee journalists re-starting their careers. And
in the U.S. and Europe, 14 Bloomberg News bureaus organized online information
sessions for more than 1,700 students on managing their online presence andcountering the spread of misinformation.
Spreading the word
Bloomberg Media continued its partnership with EBONY, the media brand that’s
been focused on chronicling the Black American perspective since 1945, to explore
key issues facing the Black community and shine a spotlight on Black entrepreneurs
and innovators.
EBONY collaborated with Bloomberg Originals to choose the visionary Black
designers, artists and craftspeople featured in a special four-episode installment of
the Bloomberg streaming video series MADE, and Bloomberg Television produced
a one-hour special on the return of the annual EBONY Power 100, which honors themen and women who make remarkable contributions in the Black community during
the year. Bloomberg Equality’s data-driven coverage of economic and social issues isfeatured on EBONY’s website, and the two brands cross-promote news and videos onsocial media and in newsletters.
GRI: 203-2, 413-1

Supporting artists, arts organizations and communities
Through Bloomberg Philanthropies’ support for the arts, we work to bring artists,
arts organizations and communities together and amplify underrepresented
voices.
The Arts Innovation and Management (AIM) program supports a diverse rangeof small and mid-sized cultural organizations with grants and management
training to help strengthen their strategic planning, fundraising, board
development and more. Since its launch in 2011, the program has worked with
740 cultural organizations in 14 U.S. cities. In 2022, in collaboration with theFlamboyan Arts Fund, we completed AIM Puerto Rico, which brought together
national and local experts to provide 10 nonprofit cultural organizations withbilingual arts management training and tailored consulting services.
Our Bloomberg Arts Internship program aims to strengthen culturalorganizations, while providing opportunities for local students to connect withthe arts and receive meaningful work experience. The program has placed over
1,300 high school students in paid summer internships at cultural nonprofits
in five major U.S. cities, including Washington, D.C., which was added in 2022.
The selection process recruits talented students from local public schools andensures that those who join the program reflect the diversity of the participating
cities. Over the course of the program, interns develop knowledge of thecreative sector as a career path, learn more about the cultural landscape of theircity, and prepare to apply to and succeed in college. From 2021 to 2022, theprogram expanded to include a pilot extension of summer internships for theduration of the school year and a network to connect alumni across five cities via
a LinkedIn group and scheduled events.
Bloomberg Philanthropies also sponsors a wide array of art installations globally.
In 2022, we supported The World Reimagined, an installation of 103 large
globe sculptures exploring the transatlantic trade in enslaved Africans thatwere placed in cities across the U.K., along with an education program thatinspired conversations about racial equity. We supported London’s Fourth Plinth
Programme, which installs temporary sculptures that the public helps to selecton an empty plinth in Trafalgar Square. And Bloomberg Philanthropies was theofficial sponsor for the 59th International Art Exhibition – La Biennale di Venezia.
Bloomberg Connects was the exclusive mobile app for the exhibition, serving asa central resource for in-person visitors.

2022 Impact Report 61

Contents

Approach

Reducing our emissions

Supporting climate action

Investing in our people

Driving social change

Local communities

Addressing the world’s most pressing needs.
Bloomberg gives back to the cities in which we live and work, using
our employees’ time and talents and our company’s resources toaddress unmet needs in our communities and create lasting impact.
Our global employee giving and volunteer program, the Best of Bloomberg,
harnesses the collective effort and generosity of our employees to strengthen ourcommunities — and support the causes they’re most passionate about.
In 2022, through our Corporate Philanthropy programs, Bloomberg provided
immediate assistance to address acute needs. Employees responded to theincreasing levels of food insecurity affecting the most vulnerable in our local
communities through support of meal preparation and delivery services; shared pro
bono legal expertise with individuals and small businesses; and created supply kits
for refugees, underprivileged families, homeless individuals and elderly neighbors.

131,847
employeevolunteer hours

38,653
mentoringinteractions

1,979

87,460614

810,142

nonprofit partners
supportedcities impacted

supply kitsassembled

meals distributed$10.2 million
unlocked throughemployee giving

GRI: 203-2, 413-1

Supporting global disaster relief efforts
As the impact of climate change and political unrest accelerated disaster relief efforts
around the world, teams from across the company came together to respond to theresurgence of COVID-19 in Hong Kong, climate-related natural disasters in South
Africa, Pakistan, Florida and Puerto Rico and the ongoing humanitarian crisis in andaround Ukraine.
After Russia invaded Ukraine on February 24, 2022, Bloomberg Philanthropies
committed $30 million to the International Rescue Committee to provide vulnerable
families in Ukraine with essential aid, such as winter clothing and health supplies.
We committed a further $10 million to World Central Kitchen, which is serving hot
meals in Ukraine and the wider region. Bloomberg employees have contributed over
$2 million — through personal donations and Bloomberg’s dollar-for-dollar match
program — to support the work of groups such as the International Federation of Red
Cross and Red Crescent Societies, UNICEF and International Medical Corps.
Bloomberg employees also gave their time and talents to help those impacted by
the war. More than 1,600 employees in 23 cities around the world packed close to
50,000 emergency relief kits and donated and sorted 7,000 essential care items.
Marketing employees designed advertisements to promote emergency fundraisingappeals, our Procurement team coordinated the donation of our surplus stock ofhygiene items, Legal & Compliance provided employees with vital information
on immigration pathways for impacted family and friends and Bloomberg Media
provided complimentary advertising space to raise awareness of the work ofour partners.
Our support continues as the Russia-Ukraine war and the humanitarian crisis it
created evolves. Most recently, Bloomberg has begun working with local partners tocreate protected education spaces, making it safer for Ukrainian children to attend
school. We are also providing local-language psychological support for children now
living in Poland, as they seek to integrate into new schools and environments.

2022 Impact Report 62

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