Responsible investing has been an overriding theme of the past two weeks, with a proliferation of new initiatives, campaigns and reports joining a growing list of recently released resources for sustainable and impact investors to increase the quality of their investments emerging during last week’s Global Climate Action Summit and this week at Climate Week. To add to the list, today CSRHub launched its ESGHubTM app on the Bloomberg App Portal at {APPS <GO>}. Bloomberg Terminal subscribers can now access the environmental, social and governance (ESG) disclosure and ratings performance of companies in portfolios, indexes or other financial instruments.
The tool allows subscribers to compare metrics from Bloomberg and CSRHub at the portfolio level and drill down on the details associated with more than 9,000 companies, which in aggregate, represent more than 90 percent of the world’s market capitalization. ESGHub is designed to help build more resilient portfolios and allow investors to discover new opportunities and views of company performance.
This ESGHub tool is introduced during a time of heightened demand by investors for more ESG reporting and transparency on material issues. To do this effectively, ESG factor analysis requires a simple, powerful and comprehensive set of data. ESGHub, in concert with Bloomberg, provides Terminal subscribers access to deeper insight and an opportunity to note ESG performance across specific companies.
The ESGHub app generates a scoring matrix to compare Bloomberg’s analysis of corporate sustainability performance with CSRHub’s data. CSRHub aggregates more than 5,000 indicators drawn from more than 500 sources of information on companies' ESG performance, and analyzes twelve factors such as diversity and labor rights, leadership ethics, energy and climate change, training health and safety, and transparency and reporting.
“We are proud to use the Bloomberg App Portal to provide Bloomberg Terminal subscribers with our big data ratings on corporate ESG performance,” said CSRHub CEO and co-founder Cynthia Figge. “The Bloomberg App Portal enables us to deliver a value-added service to the global financial community as an integrated feature of the Bloomberg Terminal service."
Mike King, Global Business Head for the Bloomberg App Portal said, "ESGHub's launch on the App Portal reinforces our commitment to building a diverse ecosystem of applications on the App Portal. We are continually looking to collaborate with companies like CSRHub in order to bring new, high-value applications that complement existing Terminal functionality for the Bloomberg Terminal subscriber base."
The Bloomberg App Portal gives Bloomberg Terminal subscribers access to a diverse library of financial tools, created by Bloomberg clients and third-party software developers from around the world. Applications are reviewed and selected for the Bloomberg App Portal based on a variety of parameters, including the application’s ability to complement and enhance existing features and information resources of the Bloomberg Terminal service. The ESGHub tool complements Bloomberg’s commitment to incorporate more financial data, analysis, news and other capabilities onto the Bloomberg Terminal service that support sustainable investment activities.
Bloomberg Terminal subscribers globally can find dozens of contributed applications on the Bloomberg App Portal at {APPS <GO>} for data visualization, financial analysis, charting, risk modeling and other workflows. CSRHub's ESGHub app is listed as ESGHub on the Bloomberg App Portal or can be accessed directly at {APPS ESGH <GO>}.
To learn more about using ESGHub with the Bloomberg Terminal service or for information about the Bloomberg App Portal community, please contact [email protected].
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Published Sep 27, 2018 11am EDT / 8am PDT / 4pm BST / 5pm CEST