Bloomberg LP becomes official supporter of the Natural Capital Declaration
19 September, 2014, New York, Geneva, Oxford: 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.
For further information, or to arrange an interview, please contact:
Global Canopy Programme
Rachel Mountain, Head of Communications, Global Canopy Programme,
Email: email@example.com |Tel: +44 (0)1865 724 333
Michael Marinello, Head of Global Communications, Innovation, Technology and Sustainability
Tel: +1 212-318-2000
Notes to editors
1) About Bloomberg
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 319,000 subscribers globally. Headquartered in New York, Bloomberg employs more than 15,500 people in 192 locations around the world. For more information, visit www.bloomberg.com/now/.
2) About the Natural Capital Declaration
The Natural Capital Declaration (NCD) is a global finance-led initiative to integrate natural capital considerations into financial products and services, and to work towards their inclusion in financial accounting, disclosure and reporting. It is signed by the CEOs of 40 financial institutions, which are actively working with supporting (non-financial) organisations to develop methods to implement the four commitments in the Declaration. This is being done through a steering committee of signatories and supporters and four working groups, supported by a secretariat formed of the UNEP Finance Initiative and the Global Canopy Programme (GCP).
1: Creating systematic methods for financial institutions to assess their impacts and dependencies on natural capital through portfolios.
2: Developing and testing (quantitative, analytical) methods to link natural capital to financial risks and opportunities.
3: Working towards an accounting framework that includes natural capital.
4: Working towards disclosure and reporting that enables financial institutions to understand how they are positioned for natural resource risks and opportunities. www.naturalcapitaldeclaration.org
3) About the Global Canopy Programme
The Global Canopy Programme (GCP) is a tropical forest think-tank, working to demonstrate the scientific, political and business case for safeguarding forests as natural capital that underpins water, food, energy, health and climate security for all. www.globalcanopy.org
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