Liesel van Ast, Natural Capital Declaration Programme Manager from GCP says, “Bloomberg brings a wealth of expertise in providing data and analytics for financial professionals to the NCD."
(PRWEB UK) 19 September 2014
The Natural Capital Declaration (NCD) today announced that Bloomberg has become an official supporter of the NCD, the global finance-led initiative convened by the Global Canopy Programme (GCP) and the UN Environment Programme Finance Initiative (UNEP FI).
The NCD is endorsed by leaders of financial institutions and aims to integrate natural capital considerations into financial products and services, accounting, disclosure and reporting. It helps reinforce the link between financial capital and natural capital, and is part of a broader vision to measure both the various impacts of business activity and the multiple inputs—including natural capitals like clean air and water—which enable that activity to be productive. 40 financial institutions are signatories to the Declaration and 37 supporter organisations bring a range of expertise to the initiative.
Bloomberg continues to develop its capacity to deliver decision-useful sustainability information to investors with an anchor in its Environment, Social, and Governance—ESG—product, while supporting the overall growth and development of the field through strategic investment of its philanthropic capital. Bloomberg’s support of the NCD is a logical extension of these efforts.
States Bloomberg’s Chairman, Peter Grauer: “As companies face increasing risks related to climate change and resource scarcity, it’s critical that we fully account for the natural capital upon which our businesses rely. Bloomberg is committed to working with NCD to build a strong coalition of organizations that will bring natural capital considerations into mainstream investment decisions.”
Liesel van Ast, Natural Capital Declaration Programme Manager from GCP says, “Bloomberg brings a wealth of expertise in providing data and analytics for financial professionals to the NCD. Their support will help catalyse the finance sector's access to the practical approaches and tools that we are developing for banks and fund managers to consider natural assets and liabilities in decision-making.”
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service, which provides real time financial information to more than 320,000 subscribers globally.