December 12, 2016
SR Inc. recognized Bloomberg for its exceptional leadership in SR Inc’s scoring of Sustainable Operations.
Bloomberg, named our Corporate Leader of the Year in both 2013 and 2016, has made their Corporate Sustainability strategy investible by demonstrating the financial gains over years of incorporating Corporate Sustainability into their annual budgeting. To underscore that achievement, Bloomberg (a private company) publicly reports their cost savings and has set a 2020 corporate goal for cost savings. Bloomberg’s goal is to achieve $100 million in cost savings by 2020 and has reported that they saved $25.5 million in 2015. Notably, hand in hand with these financial gains, they also report that they have reduced carbon emissions by 35% from a 2007 extrapolated baseline and absolute emissions by 11% despite approximately doubling in size since 2007. We highlighted Bloomberg’s approach to scoring and reporting sustainable savings as our Featured Management Best Practice because it is a tested, breakthrough, approach for accounting for the full benefit of more sustainable operations our every SBER Member-client should understand.
See our Blog Scoring Corporate Sustainability Financial Impact for details.