Bloomberg will convene the first ever Sustainable Finance Week in New York City in early December to accelerate the adoption of sustainable finance practices.
Anchoring Sustainable Finance Week is the Bloomberg Global Responsible Investing Forum powered by Nuveen, an organization with over five decades of responsible investing leadership. Rounding out the week are the RI Americas 2018 conference and SASB 2018 Symposium, both sponsored by Bloomberg.
More than 1,200 financial, business and policy decision-makers will be in New York during Sustainable Finance Week attending a range of events. Sustainable Finance Week will focus on visionary ideas, emerging trends and market-moving players critical to mainstreaming sustainable finance. The week of December 3 will provide the backdrop for essential conversations, insights and leaders to emerge.
A recent U.S. SIF Foundation report sponsored by Bloomberg showed that U.S. sustainable, responsible and impact (SRI) investing has grown by 38% from 2016 to 2018. At $12.0 trillion or 26% of total US assets under management, there is still much scope to expand sustainable investment practices among investors.
“The private sector has an incredible ability to channel capital by investing in climate action, building a more resilient economy ensuring that the U.S. will meet its Paris Agreement targets. America’s Pledge is one example of private sector leadership,” commented Lee Ballin, Global Head of Sustainable Business Programs at Bloomberg. “Bloomberg is helping private sector participants by providing them with the right tools and platforms for collaboration and scale. This inaugural Sustainable Finance Week is one of those crucial platforms.”
A cross-platform collaboration, the week will combine the best of Bloomberg from Editorial, Bloomberg Intelligence, BloombergNEF and Panorama – the new Bloomberg Media creative agency. New content and multimedia campaigns on topics that matter will set the tone for conversations during Sustainable Finance Week: good governance and the role of boards, AI and big data in monitoring ESG exposures, ESG in emerging markets, decision-useful disclosures (such as the TCFD recommendations and SASB Standards), new products and platforms, investing in gender equality, and more. A dedicated sustainable finance hub sponsored by Nuveen will be available at www.bloomberg.com/good-business.
“We are pleased to present the inaugural Global Responsible Investing Forum, which kicks off the first-ever New York Sustainable Finance Week. Nuveen has championed responsible investing for over five decades; it’s part of our DNA and critical to the success of our long-term approach,” said Vijay Advani, Chief Executive Officer of Nuveen, the investment management division of TIAA. “I view responsible investing as a journey, not a destination. We believe in leading by example and that by driving innovation, transparency, and global adoption of RI principles, we have the opportunity to provide enduring benefits for investors, our communities, and the planet.”
“As RI Americas celebrates its 10th anniversary, we welcome the establishment of Sustainable Finance Week. It confirms the extent to which responsible investing, ESG and sustainable finance have progressed in the past decade, moving from niche to mainstream as the world’s largest investors have come to recognise that driving long-term value creation and social stability has never been more important. Sustainable Finance Week is the place to be for anyone who is serious about responsible investment and sustainable finance,” stated Tony Hay, Co-Founder and Publisher, Response Global Media.
“We are proud that the annual SASB Symposium will be a core part of Sustainable Finance Week, where investors, companies and others can learn how SASB standards can help the world of sustainable finance scale-up and achieve greater impacts,” commented Nicolai Lundy, Director of Education & Partnerships at SASB, the nonprofit standards setting organization that recently launched the world’s first industry-specific, financially material sustainability accounting standards. “By collaborating with others we can move the market to develop a deeper, shared understanding of how sustainability factors can drive value, inform corporate strategies, and improve investment decisions.”
Further announcements will be made during the Sustainable Finance Week.