by Ally Selby (Financial Standard) Bloomberg has launched proprietary environmental, social and governance (ESG) ratings, which it says will help to provide transparent, data driven insights into company performance.
Initially, Bloomberg will offer environmental and social scores for 252 oil and gas companies, as well as board composition scores for 4300 companies across multiple industries.
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“By providing transparent ESG data and scores, we are helping investors decode raw data that is otherwise hard to compare across companies. For corporates, these scores offer a valuable, quantitative and normalised benchmark that will easily highlight their ESG performance.”
While the “ES” scores will focus on those companies that account for 15% of global energy-related greenhouse gas emissions; oil and gas companies, the governance scores will focus on the role of corporate boards in providing leadership and oversight through the analysis of their long-term strategic performance.
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Meantime, Bloomberg said the ES scores will provide a “data-driven measure of corporate environmental and social performance that investors ( can use to quickly evaluate performance across a range of financially material, business-relevant and industry-specific key issues”. READ MORE
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