Nearly Half of Bloomberg LP Energy Usage Now Comes From Renewables, Up Sharply From 17% In 2018

Added: Over a year ago by Bloomberg

New York, 5 May 2020 – Bloomberg LP received 48.5% of its energy from renewable sources in 2019, up from 17% in 2018 and exceeding its 2020 interim goal of 35% of renewables use, according to the company’s 11th annual Impact Report released today.

This puts Bloomberg at nearly the half way mark of reaching its target of 100% renewable energy by 2025. Innovative approaches of procuring renewable energy such as Bloomberg’s participation in the Corporate Renewable Energy Aggregation Group set the company on a path to achieve its ambitious 2025 goal.

“The past few months have been extremely difficult for communities all over the world. But this can also be a turning point that propels us forward, including in the fight against climate change. Fighting climate change and growing the economy go hand in hand – bringing about immediate benefits that can save lives and make our communities stronger and more resilient,” said Michael R. Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies. “At Bloomberg, we’re committed to doing our part and our foundation Bloomberg Philanthropies continues to expand its efforts to drive action on climate change.” Read his letter here.

Mary Schapiro, Vice Chair for Global Public Policy at Bloomberg said: “Both Bloomberg-led initiatives, the TCFD and the CFLI, have made great progress in 2019. TCFD supporter numbers hit nearly 1,000 and the CFLI published its first report providing solutions to scale climate finance. We are collaborating with public- and private-sector partners on these initiatives to rapidly increase participation in a sustainable, low-carbon economy and make markets more transparent.”

“Challenging times like these show that it is ever more important for investors to have the right tools and data at hand to evaluate material risks,” said Patricia Torres, Head of Sustainable Finance Solutions at Bloomberg. “Bloomberg will continue to expand its range of sustainable finance products to help our clients analyse relevant, timely and actionable environmental, social and governance data.”