GRI Content Index - Bloomberg Professional Services
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2021
Bloomberg
Impact Report
GRI Content
Index
GRI Services Statement
For the Content Index - Essentials Service, GRI
Services reviewed that the GRI content index is
clearly presented, in a manner consistent with the
Standards, and that the references for disclosures
2–1 to 2–5, 3–1 and 3–2 are aligned with the
appropriate sections in the body of the report.
The Global Reporting Initiative (GRI) is a leading
organization in global sustainability reporting. GRI
promotes the use of sustainability reporting as a way
for organizations to become more sustainable and
contribute to sustainable development. Bloomberg
continues to support GRI’s core mission to increase
both the quantity and quality of reporting, which, in
turn, enhances critical market transparency. This is
Bloomberg’s twelfth report written in accordance
with the GRI Standards.GRI Content Index
Foundation 2021
GRI 1: Foundation 2021
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
GRI Foundation Disclosures Statement of use: Bloomberg has reported in accordance with the GRI Standards for the period January 1, 2021-December 31, 2021.
General Disclosures 2021
GRI 2: General Disclosures 2021
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
Organization and Reporting Practices
2-1 2021 2020 2019 2018 2017 Yes
Organizational Details
Number of countries 72 72 72 72 72
Significant operations United States, United Kingdom, Germany, Japan, China, Singapore, Hong Kong (SAR),
Australia, Brazil, India, United Arab Emirates
2-2 For its Impact Report, all joint ventures, subsidiaries and leased facilities are included. Outsourced operations, while not included in Yes
Entities included in the organizations sustainability reporting the environmental footprint, are subject to significant sustainability program requirements.
As a private company, Bloomberg does not release financial statements publicly. For its Impact Report, all joint ventures, subsidiaries
and leased facilities are included. Outsourced operations, while not included in the environmental footprint, are subject to
significant sustainability program requirements.
2-3 Bloomberg publishes its Impact Report annually, based on the calendar year. As a private company, Bloomberg does not release Yes
Reporting period, frequency and contact point financial statements publicly. This is Bloomberg’s twelfth Sustainability Report. It is a full report covering 2021 operations. Our most
recent previous report, which was compliant with the GRI standards, issued in April 2021, covering 2020 operations.
For questions, contact: Erin Barnes, Sustainability Communications & Engagement, bsustainable@bloomberg.net
2-4 No significant changes to applicable operational boundaries, scope or measurement methodology. Only very minor changes to Yes
Restatements of information calculations (e.g., GHG factor changes) or methodology were employed.
For 2021, there are no restatements of emissions from previous years associated with the following:
• Minor retroactive adjustments in methodology
• Minor corrections from prior years
2-5 Both Bloomberg’s GHG emissions and the 2021 Impact Report are externally assured (as they have been in prior years) by Cventure, Yes
External Assurance LLC, an unaffiliated 3rd party. Cventure uses the Accountability AA1000 Assurance Standard for its Impact Report review and Tier
II of the ERT Standard: Corporate GHG Verification Guideline for its GHG emissions review, and verifies to the level of Reasonable
Assurance. Assurance reports can be found at www.bloomberg.com/impact#dowloads.
Activities and Workers
2-6 Reference the 2021 Impact Report, pg. 5 (About Bloomberg) and pg. 28 (Business Activities/Supply chain) Yes
Activities, value chain and other business relationships
2021 Bloomberg Impact Report 01GRI Content Index
General Disclosures 2021 GRI 2: General Disclosures 2021 [Continued]
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
2-7 2021 2020 2019 2018 2017 Yes
Employees
Total number of employees 21,273 20,965 19,925 19,974 19,347
FT Employees – North America 13,086 12,874 12,200 12,393 12,091
FT Employees – Latin/South America 294 279 277 281 296
FT Employees – EMEA 5,124 4,995 4,786 4,743 4,531
FT Employees – Asia 2,769 2,817 2,662 2,557 2,429
Non-FT Employees – North America 171 596 564 586 584
Non-FT Employees – Latin/South America 33 36 31 28 26
Non-FT Employees – EMEA 401 409 384 369 363
Non-FT Employees – Asia 81 64 62 65 104
Permanent employees by gender Male: Male: Male: Male: Male:
65.6% 66.4% 67.0% 68.2% 68.5%
Female: Female: Female: Female: Female:
34.3% 33.3% 33.0% 31.8% 31.5%
Age group:
• Under 30 years old 26.8% 26.5% 26.5% 25.9% 24.5%
• 30–50 years old 59.4% 60.6% 59.6% 60.7% 62.4%
• Over 50 years old 13.8% 12.9% 13.9% 13.4% 13.1%
U.S. ethnicity ratio:
• White 49.7%
• Asian 34.0% 32.7% 33.3% 32.8% 31.5%
• Hispanic/Latino 7.5% 7.1% 6.7% 6.2% 6.0%
• Black/African-American 4.4% 4.3% 3.9% 3.8% 3.8%
• Other or unknown 4.4%
U.K. ethnicity ratio:
• White 45.4%
• Other or unknown 32.5%
• Asian 14.1%
• Mixed 4.6%
• Black/African-American 3.5%
Bloomberg “Full-Time” (FT) employees represent all permanent employees working at least 24-hour weeks.
Employee tallies above are from the end of the period indicated.
2-8 All “Non-Full-Time” (Non-FT) employees represent employee engagements of finite duration. Yes
Workers who are not employees Non-FT employee tallies above are from the end of the period indicated.
Seasonal employment variations: Bloomberg promotes a Summer Intern program that results in increased employee populations
during summer months, but this increase is not in response to business requirements.
2021 Bloomberg Impact Report 02GRI Content Index
General Disclosures 2021 GRI 2: General Disclosures 2021 [Continued]
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
Governance
2-9 Bloomberg’s Management Committee oversees corporate strategy and operations. The Management Committee consists of eight Yes
Governance structure and composition members: the company Founder, Co-Founder, Chair, Chief Commercial Officer and Chief Product Officer (who also both serve as a
Vice Chairs of Bloomberg L.P.), Chief Enterprise Officer, Chief Legal Officer and the CEO of Bloomberg Philanthropies. The following
information concerns the Board of Directors of Bloomberg Inc.
2021 2020 2019 2018 2017
Board members 8 8 8 8 8
Independents on Board 3 3 3 3 3
Women on Board 1 1 1 1 1
Tenure on governance body Board members serve for an undefined duration
Non-executives on Board 3 3 3 3 3
Board members’ other significant Confidentiality constraints:
positions and commitments, As a private company, details about
and the nature of the commitments board members, other affiliations,
etc., are considered proprietary
Membership of under-represented social
and not disclosed publicly.
groups
Competencies relating to economic,
environmental and social impacts
Stakeholder representation
2-10 Confidentiality constraints:
Nomination and selection of the highest governance body As a private company, details about
board members, other affiliations,
etc., are considered proprietary
and not disclosed publicly.
2-11 Peter Grauer was the Chair of the Board in 2021 and continues to serve in this role. Mr. Grauer is one of the eight members of the Yes
Chair of the highest governance body Management Commitee.
2-12 Reference the 2021 Impact Report, pg. 6 (Governance). Yes
Role of the highest governance body in overseeing the
management of impacts
2-13 Reference the 2021 Impact Report, pg. 6 (Governance). Confidentiality constraints:
Delegation of responsibility for managing impacts As a private company, details about
board members, other affiliations,
etc., are considered proprietary
and not disclosed publicly.
2-14 The annual Impact Report is reviewed in detail by each of the relevant business heads and is approved by the Head of Yes
Role of the highest governance body in sustainability Communications, the Head of External Relations, and the Company’s Founder. Every member of the Management Committee
reporting receives an advance preview of the report before it is finalized and released.
2-15 Confidentiality constraints:
Conflicts of interest As a private company, details about
board members, other affiliations,
etc., are considered proprietary
and not disclosed publicly.
2-16 The Management Committee receives formal bi-annual updates during business planning and mid-year review meeting cycles, Yes
Communication of critical concerns in addition to ad hoc briefings and meetings with business leaders, as needed.
2-17 Timely, relevant sustainable development related topics are brought to the Management Committees attention throughout the year Yes
Collective knowledge of the highest governance body by our business leaders. Results of firmwide exercises conducted with relevant business leaders, like our Materiality Assessment
update in 2020 and our Climate Scenario Analysis in 2021 are also shared with the Management Committee, in addition to the annual
Impact Report.
2-18 Confidentiality constraints:
Evaluation of the performance of the highest governance As a private company, details about
body board members, other affiliations,
etc., are considered proprietary
and not disclosed publicly.
2-19 Confidentiality constraints:
Remuneration policies As a private company, details about
board members, other affiliations,
etc., are considered proprietary
and not disclosed publicly.
2021 Bloomberg Impact Report 03GRI Content Index
General Disclosures 2021 GRI 2: General Disclosures 2021 [Continued]
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
2-20 Confidentiality constraints:
Process to determine remuneration As a private company, details about
board members, other affiliations,
etc., are considered proprietary
and not disclosed publicly.
2-21 Confidentiality constraints:
Annual total compensation ratio As a private company, details about
board members, other affiliations,
etc., are considered proprietary
and not disclosed publicly.
Strategy, Policies and Practices
2-22 “At Bloomberg, we’re taking action on multiple fronts – through our company’s operations and products, our philanthropy, Yes
Statement on sustainable development strategy and our collaborations with partners and industry peers.” — Michael Bloomberg, Founder
2-23 Bloomberg is committed to conducting business in accordance with the highest ethical standards and with integrity. Our leadership Yes
Policy commitments has established Doing the Right Thing as one of the company’s core values. The Company’s Employee Code of Conduct and Ethics,
and internal policies, including but not limited to Anti-Bribery and Anti-Corruption, Anti-Money Laundering, Conflicts of Interest,
and Modern Slavery, set forth general standards of conduct and ethical behavior. Please see Bloomberg’s Anti-Bribery & Anti-
Corruption statement here. Please see Bloomberg’s UK Modern Slavery statement here. Reference the 2021 Impact Report, pg. 1
(About this Report) and pg. 7–8 (Risk Management).
2-24 Bloomberg appropriately resources its organization in accordance with its commitment to acting with integrity and takes approriate Yes
Embedding policy commitments actions, as necessary. Bloomberg’s policies are available to all of its employees and all employees are required to attest to
complying with the policies on an annual basis. Suppliers are subject to a supplier Code of Conduct. Bloomberg provides annual
training to all employees on numerous ethics-based topics. Reference the 2021 Impact Report, pg. 1 (About this Report) and pg. 7–8
(Risk Management).
2-25 Employees may report concerns directly to HR, Compliance, or through the Bloomberg Ethics Hotline (described in more detail in Yes
Processes to remediate negative impacts Disclosure 2-26). Bloomberg investigates reports of misconduct, conducts root cause analysis reviews, and implements remediation
plans, as necessary.
2-26 Employees can reach out to managers and HR for advice and to report concerns. We have also partnered with a third party to establish Yes
Mechanisms for seeking advice and raising concerns an independent, secure, and confidential reporting channel for employees to use when they do not feel comfortable reporting directly to
Bloomberg. The Bloomberg Ethics Hotline allows employees to submit concerns electronically by going to https://bloomberg.ethicspoint.
com or by calling one of the toll-free numbers listed on that website. The hotline is accessible anytime to all employees and third parties.
2021 Bloomberg Impact Report 04GRI Content Index
General Disclosures 2021 GRI 2: General Disclosures 2021 [Continued]
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
2-27 2021 2020 2019 2018 2017 Yes
Compliance with laws and regulations
Instances for which fines were incurred 1 2 1 0 0
Instances for which non-monetary 0 0 0 0 0
sanctions were incurred
Total number and the monetary value of In December 2021, Two fines: (1) in The Company was 0 0
fines for instances of noncompliance the Company’s May 2020 the SEC fined €5 million in
multilateral trading fined Bloomberg December 2019 by
facilities (“MTFs”) and Tradebook $5 million the Autorite des
swap execution facility based on non-fraud Marches Financiers in
(“SEF”) paid a penalty charges arising from France on account of
of $4 million CAD to misstatements and the Company’s 2016
settle claims of the omissions made to publication (along with
Autorité des marchés customers regarding other media outlets)
financiers (AMF) that certain routing and of headlines based on
the MTFs violated execution information; a hoax press release
Quebec law by offering Bloomberg Tradebook relating to a French
their services without neither admitted nor issuer. The fine was
proper licensing or denied the charges, subsequently reduced
exemptive relief to and by the time of the to 3 million euro on
Quebec participants settlement had already appeal.
and that the SEF had exited the routing and
filed quarterly reports execution business;
that did not accurately (2) In December
and completely 2020, the Company’s
disclose derivatives multilateral trading
trading of Quebec facilities (“MTFs”)
participants. paid a penalty of $3.3
million CAD to settle
claims of the Ontario
Securities Commission
that the MTFs violated
Ontario law by offering
their services without
proper licensing or
exemptive relief to
Ontario participants.
Describe the significant instances of non-compliance; Describe how it has determined significant instances of non-compliance.
2-28 Strategic Memberships: (1) The Securities Industry and Financial Markets Association (SIFMA) — where Bloomberg co-chairs the Yes
Membership associations SIFMA Market Data Subcommittee, the lead entity on regulatory and litigation proceedings currently dealing with market data.
(2) The U.S. Chamber of Commerce — where Bloomberg serves on the Board of the Center for Capital Markets Competitiveness.
Additionally, the Chamber works extensively with Bloomberg on issues relating to “The Working Group on U.S. RMB Trading and
Clearing”. (3) The Committee on Capital Markets Regulation — where Bloomberg serves on the Board. (4) International Swaps and
Derivatives Association (ISDA); (5) Public Knowledge; (6) Bond Dealers Association; (7) Financial Information Forum — Bloomberg
serves on the Advisory Board. (8) Asia Securities Industry & Financial Markets Association (ASIFMA) where Bloomberg is a member
of working groups including on FinTech and Benchmarks. (9) Healthy Markets — an investor-focused, buy-side oriented coalition
focused on data-driven market reform. (10) The Coalition for a Digital Economy (COADEC) Steering Board. (11) The Software
Information Industry Association (SIIA).
Memberships: Confederation of British Industry (CBI), Future of Sustainable Data Alliance (FoSDA), International Capital Market
Association (ICMA), Association for Financial Markets in Europe (AFME), Financial Information Exchange Trading Community (FIX
Trading Community), CityUK -International Regulatory Strategy Group, International Securities Lending Association (ISLA), Financial
Markets Standards Board (FMSB), German Investment Funds Association (BVI), EuroFI, Electronic Debt Markets Association Europe
(EDMA), European Parliament Financial Services Forum (EFPSF), Atlantik Brueke, Frankfurt Main Finance
Stakeholder Engagement
2-29 Reference the 2021 Impact Report, pg. 6 (Stakeholder Engagement). Yes
Approach to stakeholder engagement
2-30 2021 2020 2019 2018 2017 Yes
Collective bargaining agreements
Percentage of Bloomberg’s employee 3.10% 3.22% 3.54% 4.02% 4.77%
base covered by collective bargaining
agreements.
100% of Bloomberg employees in France and Brazil are covered by collective bargaining agreements, as well as approximately 34% of
Bloomberg Industry Group employees. In 2021, that represented 3.1% of Bloomberg full time employees.
2021 Bloomberg Impact Report 05GRI Content Index
Material Topics 2021
GRI 3: Material Topics 2021
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
3-1 Reference the 2021 Impact Report, pg. 14 (Materiality Assessment).
Process to determine material topics
3-2 Bloomberg’s material topics include GRI 201: Economic Performance, GRI 202: Market Presence, GRI 203: Indirect Economic
List of material topics Impacts, GRI 204: Procurement Practices, GRI 205: Anti-Corruption, GRI 206: Anti-Competitive Behavior, GRI 301: Materials, GRI
302: Energy, GRI 305: Emissions, GRI 306: Waste, GRI 308: Supplier Environmental Assessment, GRI 401: Employment, GRI 403:
Occupational Health and Safety, GRI 404: Training and Education, GRI 405: Diversity and Equal Opportunity, GRI 406: Non-
Discrimination, GRI 408: Child Labor, GRI 409: Forced or Compulsory Labor, GRI 413: Local Communities, GRI 414: Supplier Social
Assessment, GRI 415: Public Policy, and GRI 418: Customer Privacy. There has been no significant changes to applicable operational
boundaries, scope or measurement methodology. Reference the 2021 Impact Report, pg. 14 (Materiality Assessment).
Yes
3-3 Bloomberg LP identifies and addresses the nature and impact of its material issues throughout its published documents, including
Management of topic the process by which Bloomberg identifies and manages the risks and opportunities presented by each of these issues.
The available documents that provide all of this information are:
• This 2021 GRI Index
• 2021 Impact Report, which includes details of Bloomberg’s Materiality Assessment
• 2021 SASB Index
• Additional Impact Report Supplements
All of these documents are available at bloomberg.com/impact.
Economic Performance
GRI 201: Economic Performance 2016
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
201-1 2021 gross revenue was $12.4 Billion. Confidentiality constraints:
Direct economic value generated and distributed Bloomberg is a private company
and does not publicly disclose any
financial information other than
annual gross revenue.
201-2 Reference the 2021 Impact Report, pg. 10–13 (Scenario Analysis). Yes
Financial implications and other risks and opportunities
due to climate change
201-3 Bloomberg ensures that all employees globally have access to a retirement savings vehicle, typically a defined contribution Yes
Defined benefit plan obligations and other retirement plans plan. In some locations, Bloomberg offers a retirement programs that have some characteristics of a defined benefit plan
(for example, Japan and Germany).
201-4 Bloomberg has never received assistance from governments. Yes
Financial assistance received from government
Market Presence
GRI 202: Market Presence 2016
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
202-1 Bloomberg pays significantly higher than local minimum wage at all locations. Confidentiality constraints:
Ratios of standard entry level wage by gender The specifics of our entry-level
compared to local minimum wage compensation are considered
proprietary and, as such,
are not publicly disclosed.
202-2 Confidentiality constraints:
Proportion of senior management hired Bloomberg is a private company
from the local community and, as such, all details of its
hiring practices and policies
are considered proprietary
and are not publicly disclosed.
2021 Bloomberg Impact Report 06GRI Content Index
Indirect Economic Impacts
GRI 203: Indirect Economic Impacts 2016
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
203-1 Bloomberg is not making significant infrastructure investments, other than managing a global portfolio of offices and data centers, Yes
Infrastructure investments and services supported and in a couple of instances developing onsite renewable energy projects. We contribute to the local communities where we have
offices through our Corporate Philanthropy programs and partnerships.
203-2 Bloomberg is instrumental in helping investors and companies manage risk and opportunities related to climate change through our Yes
Significant indirect economic impacts ESG products and services and leads sustainable finance initiatives (i.e. TCFD, CFLI, GFANZ) that strengthen market-driven action
on climate. In addition, Bloomberg creates indirect economic impact through its corporate philanthropic efforts. Reference the 2021
Impact Report, Supporting Climate Action and Driving Social Change.
Procurement Practices
GRI 204: Procurement Practices 2016
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
204-1 Our purchasing guidelines encourage the procurement of local products and services wherever possible to reduce emissions Confidentiality constraints:
Proportion of spending on local suppliers and costs associated with delivery and for the benefit of the local economy. Bloomberg does not track this data
as a percentage of overall spend
nor does it report on vendor spend,
as that is considered proprietary.
Anti-Corruption
GRI 205: Anti-Corruption 2016
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
205-1 2021 2020 2019 2018 2017 Yes
Operations assessed for risks related to corruption
Total number and percentage of Major Major Major Major 100% of
operations assessed for risks related company company company company all major
to corruption. operations operations operations operations operations
assessed assessed on a assessed on a assessed on a
on a risk based risk based risk based
risk based basis basis basis
basis
Significant risks related to corruption Bloomberg continuously assesses areas of corruption risk to the company and
identified through the risk assessment. allocates resources accordingly.
205-2 Bloomberg’s anti-bribery and anti-corruption policies and procedures are set forth in the company’s Global Anti-Bribery & Anti-Corruption Yes
Communication and training about anti-corruption Policy and Anti-Bribery & Anti-Corruption Procedure, which are available to all employees. All employees globally are required to take an
policies and procedures online course specifically dedicated to Anti-Bribery & Anti-Corruption on an annual basis. In 2021, most employees who completed the
full course in either 2019 or 2020 could choose to opt out of taking the full course by demonstrating proficiency in the subject matter by
taking a test and answering at least 80% of the questions correctly. If the employee did not demonstrate the required proficiency, they
were required to take the full course again. In addition, targeted live training was conducted for certain segments of the company based
on their roles and responsibilities.
205-3 During the relevant period, there were no confirmed incident of corruption. Yes
Confirmed incidents of corruption and actions taken
2021 Bloomberg Impact Report 07GRI Content Index
Anti-Competitive Behavior
GRI 206: Anti-Competitive Behavior 2016
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
206-1 2021 2020 2019 2018 2017 Yes
Legal actions for anti-competitive behavior, anti-trust,
0 0 0 0 0
and monopoly practices
Materials
GRI 301: Materials 2016
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
301-1 2021 paper consumption: Yes
Materials used by weight or volume Magazine Paper: 5,023,191 lbs used, 1% (65,653 lbs) were 100% recycled content.
301-2 Office Paper: 46,102 lbs used, 91% (41,933 lbs) were from recycled content.
Recycled input materials used Total Paper: 5,238,990 lbs used,99% (5,197,726 lbs) was FSC certified.
301-3 Bloomberg-branded products, including but not limited to keyboards and monitors, are serially tracked (where applicable) Yes
Reclaimed products and their packaging materials throughout their useful life. This enables us to have accurate information on electronic materials sent to customers, returned,
refurbished or ultimately retired. Packaging is based on procurement logs comparative year-over-year as well as landfill/recycling
rates from warehouse operations.
2021 2020 2019 2018 2017 Yes
Products “sold” 100% 100% 100% 100% 100%
Packaging recovered 50% 50% 50% 50% 50%
Energy
GRI 302: Energy 2016
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
302-1 2021 2020 2019 2018 2017 Yes
Energy consumption within the organization
Direct energy consumption – 72,023 73,487 87,810 91,410 55,314
Natural Gas (GJ)
Direct energy consumption – 9,825 13,485 11,453 14,376 9,193
Diesel Oil (GJ)
Direct energy consumption – 8,592 6,464 69,695 92,038 108,061
Aircraft Fuel (GJ)
Direct energy consumption – HFC (Lbs.) 320 957 587 976 337
Electricity consumption (kWh) 342,616,121 319,134,352 314,746,271 303,445,336 308,018,003
Heating consumption 0 0 0 0 0
Cooling consumption 0 0 0 0 0
Steam consumption (GJ) 19,951 15,684 16,676 16,776 17,283
Electricity/Heating/Cooling/Steam sold 0 0 0 0 0
Total energy consumption (GJ) 1,343,809 1,258,004 1,318,721 1,306,004 1,298,716
Standards, methodologies In addition to the Greenhouse Gas Protocol Reporting Standard, Bloomberg uses:
and assumptions used 1) WRI Report “Hot Climate, Cool Commerce: A Service Sector Guide
to Greenhouse Gas Management” (May, 2006).
2) GHG Protocol Scope 2 Guidance (January, 2015)
3) Framework guidelines from GRI, SASB and TCFD
2021 Bloomberg Impact Report 08GRI Content Index
Energy GRI 302: Energy 2016 [Continued]
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
302-2 While specific data is unavailable, Bloomberg has been committed to reducing the energy consumption of those products Not applicable:
Energy consumption outside of the organization provided to customers for use at their facilities. 100% of PCs and flat panels provided to customers are Energy Star-rated. Relevant energy consumption
outside of the organization, and
therefore outside Bloomberg’s
boundaries, pertains to usage of
Bloomberg-leased equipment at
customer sites. While we do estimate
the energy consumption of these
products at customer sites, we are
not in control of the actual usage
(i.e., frequency/duration of use) of
these products and therefore cannot
accurately report this energy usage.
There is no expectation that we will
do so in the near future.
302-3 2021 2020 2019 2018 2017 Yes
Energy intensity
Total energy (GJ) consumed within 63.17 60.00 66.18 65.39 67.13
boundaries by year-end full-time
employees
Total energy (GJ) consumed within 0.24 0.23 0.26 0.27 0.24
boundaries by year-end portfolio
square footage
302-4 In 2021, Bloomberg did not complete any specific projects resulting in reductions in energy consumption, but there are a number Yes
Reduction of energy consumption of ongoing initiatives across the organization that help Bloomberg limit its energy consumption:
• 80% of Bloomberg employees sit in one of 36 LEED/BREEAM certified locations — operation of those facilities are significantly
more energy efficient than traditional office buildouts. All new and refurbished locations with 50 or more employees are built
to LEED specifications.
• Bloomberg’s data center portfolio, which includes one facility that is LEED v4 certified, has been gradually improving its PUE
over time. Overall PUE of Bloomberg’s data center portfolio is 1.41, a 20% reduction since 2010, accruing significant energy
savings in our data center operations over this period.
302-5 No change in energy requirements of Bloomberg’s sold products in the reporting period. Yes
Reductions in energy requirements of products and services
Emissions
GRI 305: Emissions 2016
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
305-1 2021 2020 2019 2018 2017 Yes
Direct (Scope 1) GHG emissions
Emissions in metric tonnes of 5,169 5,712 10,661 12,915 11,601
CO₂ equivalent (includes CO₂, CH₄, N₂O)
305-2 2021 2020 2019 2018 2017 Yes
Energy indirect (Scope 2) GHG emissions
Emissions in metric tonnes of 86,912 82,571 87,395 98,235 99,857
CO₂ equivalent (includes CO₂, CH₄, N₂O)
Emissions in metric tonnes of CO₂ 45,569 49,513 53,056 61,801 62,967
equivalent – Market Based
(includes CO₂, CH₄, N₂O)
305-3 2021 2020 2019 2018 2017 Yes
Other indirect (Scope 3) GHG emissions
Emissions in metric tonnes of 18,348 24,068 67,844 78,557 73,144
CO₂ equivalent (includes CO₂, CH₄, N₂O)
305-4 2021 2020 2019 2018 2017 Yes
GHG emissions intensity
Total CO₂ equivalent (Location Based) 8.91 9.80 15.16 18.11 18.47
emissions per $1 million of revenue
Total CO₂ equivalent (Location Based) 5.19 5.36 8.33 9.50 9.54
emissions per year-end full-time
employee
2021 Bloomberg Impact Report 09GRI Content Index
Emissions GRI 305: Emissions 2016 [Continued]
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
305-5 In addition to the energy reduction initiatives in 302-4, there are other long-term initiatives we have implemented in other Yes
Reduction of GHG emissions operational areas to reduce our GHG emissions, including:
• Publishing Operations: Ongoing streamlining of subscription rolls and utilization of regional printing/distribution. Utilizing 100%
recycled content paper for Bloomberg Green and, starting in 2022, Bloomberg Markets magazines.
• Business Travel: Reductions in travel emissions from reduced travel activity during the pandemic. The full extent of these
reductions will not be permanent.
• Waste: Increasing diversion of waste away from landfills utilizing aggressive recycling, composting and waste-to-energy
opportunities.
Gases included in calculations are CO2, CH4 and N2O.
Bloomberg’s science based emissions reduction targets have a baseline year of 2018.
Bloomberg’s reduction efforts have impacted scope 1, 2 and 3 emissions.
305-6 Bloomberg does not hold ozone-depleting substances. Yes
Emissions of ozone-depleting substances (ODS)
305-7 Bloomberg has minimal Scope 1 GHG emissions and, therefore, immaterial amounts of criteria pollutants and other air emissions. Yes
Nitrogen oxides (NOX), sulfur oxides (SOX),
and other significant air emissions
Waste 2020
GRI 306: Waste 2020
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
306-1 Waste generated from company operations, including: Yes
Waste generation and significant waste-related impacts • Employee waste
emissions
• Facilities operations
• Warehouse operations
• E-waste
• Publishing operations
306-2 Bloomberg has mitigated its waste that goes to landfills/incineration by: Yes
Management of significant waste-related impact • Replacing disposable cups with reusable cups in London office
• Utilizing compostable containers, cups, plates & cutlery in all major offices (representing 87% of Bloomberg employees)
• Utilizing waste-to-energy for our New York City and London locations
• Recovering hardware provided to customers to ensure responsible management/disposal of e-waste
306-3 2021 2020 2019 2018 2017 Yes
Waste generated
Total Waste (MT) 2,621 3,396 6,574 6,943 10,241
Waste Diverted Away from Disposal (MT) 2,304 2,580 5,385 5,623 8,673
Waste Diversion Percentage 88% 76% 82% 81% 85%
Major offices globally provide waste data by category, which is collected from our local waste management provider
or actively compiled by local facilities managers. This actual data allows us to calculate a landfill-waste-per-employee
metric that we then use to extrapolate landfill waste data for our employee population not covered by the offices that
provide actual data.
306-4 2021 2020 2019 2018 2017 Yes
Waste diverted from disposal
Waste-to-Energy (MT) 354 299 695 747 835
Recycling (MT) 899 1,175 2,288 2,708 6,389
Compost (MT) 566 804 1,969 1,734 771
E-Waste (MT) 485 303 434 434 678
Hazardous Waste (MT) 0 0 0 0 4
306-5 2021 2020 2019 2018 2017 Yes
Waste diverted from disposal
Landfill Waste (MT) 317 816 1,189 1,320 1,568
2021 Bloomberg Impact Report 10GRI Content Index
Supplier Environmental Assessment
GRI 308: Supplier Environmental Assessment 2016
External
Disclosures Page Number(s) or URL / Direct Answer Omission
Assurance
308-1 2021 2020 2019 2018 2017
New suppliers that were screened using
N/A N/A N/A N/A N/A Information unavailable:
environmental criteria
Once a new process is implemented
this data will be available, but
implementation of this process
is ongoing.
308-2 We are working with Compliance and Procurement to formalize the process and requirements to screen vendors using
Negative environmental impacts in the supply chain environmental criteria and to assess environmental impacts in the supply chain.
and actions taken
Employment
GRI 401: Employment 2016
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
401-1 Confidentiality constraints:
New employee hires and employee turnover Bloomberg is a private company,
views information related to employee
turnover to be proprietary and
therefore does not disclose it publicly.
401-2 Bloomberg provides generous benefits, including health coverage (medical, dental and vision), wellness programs Yes
Benefits provided to full-time employees that are acompany-matched retirement benefits, EAP, back-up child care, on-site medical services, basic life insurance, basic LTD. Reference
not provided to temporary or part-time employees the 2021 Impact Report, pg. Helping Employees Thrive.
401-3 Bloomberg provides 26 weeks for gender-neutral parental leave to its employees. Additionally we offer programs and resources Confidentiality constraints:
Parental leave to assist with fertility, adoption, lactation, parenting, child care, education and adult/elder care. (Programs vary by location.) Bloomberg is a private company and
does not publicly disclose specific
details on employees’ return-to-work
rates after parental leave.
2021 Bloomberg Impact Report 11GRI Content Index
Occupational Health and Safety
GRI 403: Occupational Health and Safety 2018
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
403-1 2021 2020 2019 2018 2017 Yes
Occupational health and safety management system
Percentage of workers whose work, 3% 3% 3% 3% 3%
or workplace, is controlled by the
organization, that are represented by
formal joint management-worker health
and safety committees.
403-2 2021 2020 2019 2018 2017 Yes
Hazard identification, risk assessment,
Incident Rate – North America 0.06% 0.07% 0.37% 0.15% 0.14%
and incident investigation
Incident Rate – Latin/South America 0.00% 0.00% 0.00% 0.00% 0.00%
Incident Rate – EMEA 0.31% 0.38% 0.65% 0.62% 0.66%
Incident Rate – Asia 0.04% 0.04% 0.38% 0.04% 0.50%
Lost-Time Incident Rate – North America 0.00% 0.00% 0.17% 0.06% 0.14%
Lost-Time Incident Rate – Latin/South 0.00% 0.00% 0.00% 0.00% 0.00%
America
Lost-Time Incident Rate – EMEA 0.02% 0.02% 0.10% 0.02% 0.14%
Lost-Time Incident Rate – Asia 0.04% 0.04% 0.26% 0.04% 0.00%
Total Lost-Time Days – Global 96 96 656 397 64
Lost Hours per 200,000 hours worked 4.05 4.09 29.38 17.94 3.05
– Global
Total Global Fatalities 0 0 0 0 0
Global Absenteeism Rate 1.41% 1.07% 1.46% 1.39% 1.24%
Occupational Diseases No occupational diseases identified globally.
System of Rules applied in recording and All work-related injuries and illnesses are recorded. Those that require elevated medical
reporting accident statistics treatment and/or lead to absence from work, job modification or accommodation are reported.
403-3 Bloomberg employees are not subject to occupational activities that have a high incidence or high risk of specific diseases. Yes
Occupational health services
403-4 Bloomberg ensures employees and workers who are not employees receive suitable and sufficent training (costs can be met by Yes
Worker participation, consultation, and communication Bloomberg) to enable them to carryout their role in a safe manner. Bloomberg strives to improve its occupational health and safety
on occupational health and safety standards with at least annual reviews of the global health and life safety standards. Bloomberg also provides annual training to all in
this category via health and safety induction and refresher courses.
403-5 Bloomberg provides training on working at height, manual handling, hazardous spillages, and machinery specific training Yes
Worker training on occupational health and safety (i.e. forklift/reach truck training). Bloomberg also arranged health and safety qualifications for employees and long term vendors
(IOSH Managing Safely).
403-6 Bloomberg are not directly responsible for vendors non-occupational medical and health care. However, vendors have access Yes
Promotion of worker health to first aid assistance provided by Bloomberg employees. Vendors also have access to emergency medical facilities via the
Wellbeing Centres (at major offices only). Bloomberg offers health and safety training to long term vendors.
403-7 Each worksite arranges a series of health and safety annual assessments, identifying risk (high or low) and mitigates the risk through Yes
Prevention and mitigation of occupational health and safety control measures, training, day-to-day supervision and PPE. If required and the risk is seen as too high, the working practice is
impacts directly linked by business relationships changed to remove the risk.
403-8 Bloomberg has not implemented an occupational health and safety management system, rather, we work to comply with the legal Yes
Workers covered by an occupational health and safety requirements in each country, as well as to the occupational health and safety standards that we set (i.e. Bloomberg health and life
management system safety policies and procedures). In 2021, Bloomberg has re-written its health and life safety policies and procedures in line with ISO
45001.
403-9 In 2021, there were no work-related fatalities or high-consequence work-related injuries.The main types of work related injuries are Yes
Work-related injuries scalds, slips, trips, and falls. Actions taken to reduce accidents are reviewed on an accident-by-accident basis, and where additional
control measures can be implemented – they are.
403-10 In 2021, there were no fatalities or cases of recordable work-related ill health. Yes
Work-related ill health
2021 Bloomberg Impact Report 12GRI Content Index
Training and Education
GRI 404: Training and Education 2016
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
404-1 2021 2020 2019 2018 2017 Yes
Average hours of training per year per employee
Total Hours of training 1,042,055 1,054,099 1,308,336 969,757 1,486,931
Total Hours of training 45.85 45.63 58.40 47.54 69.51
per employee
Bloomberg does not track training by employee category.
404-2 Bloomberg provides tuition reimbursement to full-time employees for certain preapproved, job-related courses. To receive tuition Yes
Programs for upgrading employee skills reimbursement for any course(s), the employee must receive a grade of B or better. All employees have access to Bloomberg
and transition assistance programs University, which offers online and classroom training in both technical skills and career development.
404-3 2021 2020 2019 2018 2017 Yes
Percentage of employees receiving regular
100% 100% 100% 100% 100%
performance and career development reviews
Diversity and Equal Opportunity
GRI 405: Diversity and Equal Opportunity 2016
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
405-1 2021 2020 2019 2018 2017 Yes
Diversity of governance bodies and employees
Board Gender Male = 7 Male = 7 Male = 7 Male = 7 Male = 7
Female = 1 Female = 1 Female = 1 Female = 1 Female = 1
Board age group: under 30 years old, Confidentiality constraints:
30-50 years old, over 50 years old Bloomberg is a private company
and does not publicly disclose
Board minority groups; other indicators
information on the age or ethnic
of diversity where relevant
makeup of the Board.
405-2 Confidentiality constraints:
Ratio of basic salary and remuneration of women to men Bloomberg recognizes the
importance of this issue and tracks
this data annually. However, as
a private company, Bloomberg
views all salary information as
proprietary and therefore does not
publicly disclose any salary-related
information.
Non-Discrimination
GRI 406: Non-Discrimination 2016
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
406-1 Confidentiality constraints:
Incidents of discrimination and corrective actions taken As a private Company, Bloomberg
does not publicly disclose internal
allegations of discrimination.
Any publicly filed claims against
the Company are available via
public record.
2021 Bloomberg Impact Report 13GRI Content Index
Child Labor
GRI 408: Child Labor 2016
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
408-1 Bloomberg maintains a Supplier Code of Conduct, distributed to vendors/suppliers, describing our policies regarding various Yes
Operations and suppliers at significant risk aspects of our sustainability program, including but not limited to: forced/child labor; environmental concerns, etc. Based on
for incidents of child labor targeted reviews of higher risk suppliers, Bloomberg may investigate further and potentially elect to conduct on-site audits
of labor practices of at-risk vendors.
Forced or Compulsory Labor
GRI 409: Forced or Compulsory Labor 2016
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
409-1 Bloomberg maintains a Supplier Code of Conduct, distributed to vendors/suppliers, describing our policies regarding various Yes
Operations and suppliers at significant risk aspects of our sustainability program, including but not limited to: forced/child labor; environmental concerns, etc. Based on
for incidents of forced or compulsory labor targeted reviews of higher risk suppliers, Bloomberg may investigate further and potentially elect to conduct on-site audits
of labor practices of at-risk vendors.
Local Communities
GRI 413: Local Communities 2016
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
413-1 Reference the 2021 Impact Report, Making Connections. Yes
Operations with local community engagement,
impact assessments, and development programs
413-2 2021 2020 2019 2018 2017 Yes
Operations with significant actual and potential
0 0 0 0 0
negative impacts on local communities
2021 Bloomberg Impact Report 14GRI Content Index
Supplier Social Assessment
GRI 414: Supplier Social Assessment 2016
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
414-1 2021 2020 2019 2018 2017
New suppliers that were screened using social criteria
N/A N/A N/A N/A N/A Information unavailable:
Once a new process is
implemented this data will be
available, but implementation of
this process is ongoing.
414-2 2021 2020 2019 2018 2017
Negative social impacts in the supply chain
Number of suppliers assessed 0 0 0 0 0
and actions taken
for social impacts
Number of suppliers identified 0 0 0 0 0
as having significant actual and potential
negative social impacts
Significant actual and potential N/A N/A N/A N/A N/A Information unavailable:
negative social impacts identified Bloomberg is currently revising
in the supply chain its vendor management process.
Once a new process is implemented
Percentage of suppliers identified N/A N/A N/A N/A N/A
this data will be available, but
as having significant actual and potential
implementation of this process
negative social impacts
is ongoing.
with which improvements were
agreed upon as a result of assessment
Percentage of suppliers identified N/A N/A N/A N/A N/A
as having significant actual and potential
negative social impacts
with which relationships were terminated
as a result of assessment, and why
Public Policy
GRI 415: Public Policy 2016
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
415-1 2021 2020 2019 2018 2017 Yes
Political contributions
0 N/A N/A N/A N/A
Customer Privacy
GRI 418: Customer Privacy 2016
External
Disclosures Page Number(s) or URL / Direct Answer Omission Assurance
418-1 2021 2020 2019 2018 2017 Yes
Substantiated complaints concerning breaches
0 0 0 0 0
of customer privacy and losses of customer data
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