Bloomberg Launches New CSRD Sustainability Data Solution

Information services provider for business and financial markets Bloomberg today announced the launch of a new offering aimed at providing financial companies with data reported by companies under the new EU Sustainability Reporting Directive.

The CSRD is a major update to the EU Non-Financial Reporting Directive (NFRD), the previous EU framework for sustainability reporting, which significantly expanded the number of companies required to provide sustainability information from around 12,000 to more than 50,000, and more detailed reporting requirements have been introduced on the company’s impact on the environment, human rights and social standards and sustainability-related risks. The CSRD entered into force at the beginning of 2024 for large public interest companies with more than 500 employees, followed by companies with more than 250 employees or €40 million in turnover in 2025, and listed SMEs in 2026.

The CSRD requires disclosure based on the European Sustainability Reporting Standards (ESRS), which sets the rules and requirements for companies to report on sustainability-related impacts, opportunities and risks, requiring companies to collect and analyze thousands of data points across the value chain to analyse. .

According to Bloomberg, the new offering will help clients access the ESG data that companies will report under CSRD, to help them make sustainable investment decisions and support them in conducting their own CSRD reporting on their financing activities.

Patricia Torres, Global Head of Sustainable Finance Solutions at Bloomberg, said:

“Better data makes for better investment decisions. That’s why Bloomberg is taking steps to ensure that its clients will benefit from the dramatic increase in the quantity, quality and reliability of ESG data reported under CSRD. By providing high-quality ESG data to our clients in addition to financial data, we help them seamlessly understand the sustainability profile of their investments and streamline their reporting.”

The offering includes historical data for a subset of fields reported by companies voluntarily or under previous regulatory requirements, and maps the new ESRS to existing Bloomberg data fields, creating additional fields that allow users to access mandatory quantitative disclosures covering both financial and impact materiality. Bloomberg said companies due to start CSR reporting in 2025 are already included in the coverage, which will also extend to companies due to start reporting in 2026.

The new offering is available on the Bloomberg Terminal and via Data License for enterprise-wide use.

Nadia Humphreys, Global Head of Sustainable Finance Data Solutions at Bloomberg, said:

“Bloomberg has the scale and experience necessary to deliver the wide range of new ESG information under CSRD to our clients in a timely and efficient manner. This marks the first milestone of our CSRD solution, which will continue to evolve to capture the depth and breadth of available business-reported data so customers can take action and make informed decisions.”