Bloomberg Launches New CSRD Sustainability Data Solution
Business and financial markets information service provider Bloomberg announced today the launch of a new offering, aimed at providing financial firms with data reported by companies under the EU’s new Corporate Sustainability Reporting Directive.
The CSRD is a major update to the EU’s Non-Financial Reporting Directive (NFRD), the previous EU sustainability reporting framework, significantly expanding the number of companies required to provide sustainability disclosures to over 50,000 from around 12,000, and introducing more detailed reporting requirements on company impacts on the environment, human rights and social standards and sustainability-related risk. The CSRD took effect from the beginning of 2024 for large public-interest companies with over 500 employees, followed by companies with more than 250 employees or €40 million in revenue in 2025, and listed SMEs in 2026.
The CSRD mandates disclosure based on the European Sustainability Reporting Standards (ESRS), which set out 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.
According to Bloomberg, the new offering will help clients access the ESG data companies will report under CSRD, in order to help them make sustainable investment decisions, and to support them in performing their own CSRD reporting on their financing activities.
Patricia Torres, Global Head of Sustainable Finance Solutions at Bloomberg, said:
“Better data drives better investment decisions, which is why Bloomberg is taking steps to ensure its clients will benefit from the tremendous increase in the quantity, quality and reliability of ESG data reported under CSRD. By providing high quality ESG data alongside financial data to our clients, 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, with additional fields created enabling users to access mandatory quantitative disclosures covering both financial and impact materiality. Bloomberg said that companies required to commence CSRD reporting in 2025 are already included in the coverage, which will also expand to companies that will begin 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 broad range of new ESG disclosures under CSRD to our clients in a timely and efficient way. This marks the first milestone of our CSRD solution, which will continue to evolve to capture the depth and breadth of available company-reported data, helping clients to take action and make well-informed decisions.”