May 6, 2011
Bloomberg Claims 200% ROI on Sustainability
Every dollar that Bloomberg has spent on sustainability has saved two dollars in operating costs, according to the company’s first public sustainability report.
The media and financial services company said that demand reduction and capital investment projects have led to over $25 million in net savings since 2008. According to the report (pdf), last year Bloomberg met its targets on renewable energy credits, external energy star compliance, waste diversion and Forest Stewardship Council (FSC) certification, but missed goals related to on-site renewable energy, paper use and recycled content.
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Reader Comments
Bloomberg’s new sustainability report is important because it shows a willingness to ‘walk the talk’.
A few years ago, Bloomberg added environmental, social and governance (ESG) data to the information stream on its ubiquitous terminals. But Bloomberg found not enough companies reporting and the quality of ESG data also needs to improve. So, Bloomberg is using its first sustainability report as an opportunity to demonstrate how best to disclose ESG information.
Given the prominent position Bloomberg inhabits in the business ecosystem, we expect its sustainability report to send wide ripples, setting an example of best practice while also making ESG disclosure more of a mandate for companies who want a complete profile in front of investors and analysts.
As if that isn’t enough, 200 percent ROI from integrating sustainability into its operations should turn some heads as well…
Andrea Moffat
Vice President, Corporate Program
Ceres
Andrea Moffat | May 9th, 2011
This is very good news indeed. Now that Bloomberg says it, seems like the most obvious thing in the world. Green marketers (guilty!) have been saying for years now that sustainability leans ops, cuts on power consumption, and intelligently allocates existing resources — therefore reducing costs. But this unfortunately sounds like marketing jargon until it’s proven in the market. So bravo, Bloomberg!
K.M. Hurley | May 10th, 2011
200% ROI since 2008 is great. You have to respect Bloomberg for letting sustainability work its magic. Most small companies have the attitude that if there isn’t an ROI in 12-months, there will be no project. Even lighting projects will have a tough time meeting that requirement. Any tips?
Martin Linskey | May 10th, 2011