2012

SUSTAINABILITY
REPORT
INSPIRED
BY DEMAND

DRIVEN
BY RESULTS

CHALLENGED
BY IDEAS
 SUSTAINABILITY IS
INTEGRATED INTO OUR
BUSINESS
At Bloomberg, COMPREHENSIVE sustainability
means managing our business better by integrating
environmental, social, and economic considerations
into everything we do.

2012 Sustainability Report Bloomberg L.P. all rights reserved

 12 Introduction 2012
14 Core Terminal BLOOMBERG
18 Verticals
SUSTAINABILITY
21 Multimedia
REPORT
PRODUCT

PEOPLE
56 Introduction
57 Corporate Leadership
59 Giving

PLANET 62
64
Engagement
Employees
26 Introduction 71 Corporate Policy
28 Energy
35 Paper
39 Business Travel & Logistics
41 Supply Chain
45 Waste & Water

TABLE OF CONTENTS

02 Executive Message
04 Key Performance Indicators
06 Introduction
12 Products
26 Planet
56 People
73 Global Reporting Initiative Index
86 Assurances

1 2012 Sustainability Report Bloomberg L.P. all rights reserved

 Message from Peter Grauer and Dan Doctoroff

CREATING
SUSTAINABLE IMPACT
BSUSTAINABLE 2020
The definition of corporate sustainability Wethe Company, our customers, and we made another significant investment
is so broad it risks undermining its the global communityface significant in the space: The Sustainability Account-
potential valueespecially when it comes sustainability challenges. Systemic issues ing Standards Board.
to corporate strategy. For some it is about like continuing population growth and a
SASB was launched to create sustainabil-
corporate social responsibility (CSR) and ten-fold increase in wealth and consump-
ity accounting standards for use by
good corporate citizenship. For others tion capacity, while creating economic
publicly listed corporations in disclosing
it is more about environmental manage- opportunity for many, also bring consider-
material sustainability issues. Additional
ment and/or employee engagement and able social and environmental costs for
transparency benefits investors and the
retention. Still others see it as a branding all, including our customers.
public because corporate growth and
opportunity to support the firms license
So the questions we are now asking success are no longer constrained solely
to operate.
are: How do we leverage the things by the availability of financial capital. A
All of these provide real value in varying Bloomberg does uniquely well to innovate companys public disclosures should
degrees, but finding the right approach for sustainability solutions? How can we therefore convey a more accurate view of
and strategyone that supports the firms create value for our customers and the risks and opportunities as reflected in the
primary purposeis critical. So in 2007, broader global community? multiple forms of capital a company
we decided to extend the social philan- employs today. By doing so, SASB helps
Unfortunately, neither free markets
thropic tradition established by Mike companies become part of the solution,
nor prescriptive policies have yielded
Bloomberg to environmental management. and we believe thats worth investing in.
meaningful sustainability solutions, with
We would make the business case for
proponents of each pointing fingers at As we bring our first generation efforts
sustainable operation by demonstrating
the other for the failure. (20072013) to a close, we are working
the positive correlation between environ-
with our partners to chart a course for
mental and financial returns. In order to interrupt this narrative with
an expanded and aggressive next genera-
an effective combination of market and
Since then weve improved our operating tion effort (20142020). For Bloomberg,
regulatory responses, Bloomberg and
efficiencies, resulting in an emissions that means leveraging all that we
our customers are certain of at least one
intensity reduction of over 30% and docorporate citizenship, sustainable
thing that can help: good information.
net savings of $43 million. We brought operations and products and services
Leadership in Energy and Environmental Data is the life-blood of policy-making that solve big problemsby trying new
Design (LEED) standards to our global and the capital markets. Even with things, setting aggressive but achievable
offices and moved our entire magazine the most sophisticated assumptions, targets, and questioning business as
and office paper sourcing to Forest regulations and financial models formu- usual. The following page provides a
Stewardship Council (FSC) certified lated on unreliable information are framework we developed to set specific,
paper. And weve significantly expanded liable to miss the mark and, worse still, actionable goals and targets in 2013
our commitment to the communities in compound the problem. to reach by the end of the decade. We
which we work by strengthening our hope this frameworkBSUSTAINABLE
Bloomberg is putting our first-in-class
philanthropic, employee engagement, 2020will elevate the conversation and
research and data capabilities to work,
health and diversity initiatives. create a new model for the 21st century
advancing the quality, quantity and
companyone based on leadership,
While these efforts reinforce our forward- analysis of sustainability information while
commitment, transparency and
thinking culture and drive for operational developing innovative products to help
accountability.
excellence, they are primarily internal. our clients effectively navigate this time
To create true and enduring sustainable of change.
impact, however, we need to look
We began collecting environmental,
externally. Our primary purpose is to
social and governance (ESG) company
serve our customers current and future
data in 2008, acquired Bloomberg New
analytical needs and that requires us
Energy Finance in 2009, and launched
to think about their related sustainability
a dedicated sustainability media channel
risks and opportunities.
on Bloomberg.com in 2011. And in 2012,

2 2012 Sustainability Report Bloomberg L.P. all rights reserved

 BSUSTAINABLE 2020

Partner
Engagement

Business Group
Carbon Assessment
OPERATIONS
Financial Thought
Integration Leadership Sustainable Finance
PRODUCT Product Strategy

CITIZENSHIP
SASB:
Sustainability Accounting
Market Operational Standards Board
Development Excellence

Bloomberg pushes boundaries and BSUSTAINABLE 2020 reflects that

commitment. Integrating sustainability means considering environmental
and social impacts, along with traditional economic analysis, in all aspects
of the business decision making process. Its the daily promise we make
to redefine what it means to be a sustainable business, and its the tenacity
to see that vision through.
BLOOMBERGS FIVE TENETS ANCHOR INITIATIVES
Partner Engagement: By tapping the expertise Three initiativesanchored in our operations,
of our partnersemployees, vendors, customers, product, and citizenship pillars and driven forward
communities and governmentswe can lead and by five key tenetsdemonstrate our unparalleled
amplify solutions together. commitment to our customers and communities.
Financial Integration: Sustainable finance means Business Group Carbon Assessment
bringing sustainability into finance, and finance into A Companywide carbon-allocation initiative that
sustainability. Only an integrated approach will gives business units visibility into their carbon output
create meaningful value. Bloomberg will drive this and enables more effective integration of sustainability
effort forward. concerns into business planning.
Market Development: As the market for sustainability Outcome: An aggressive, but achievable emissions
data, news and analytics develops, we want to drive reduction target.
demand and proactively respond to evolving customer Sustainable Finance Product Strategy
needs. A demand-driven product initiative to help our
Operational Excellence: We believe sustainability customers identify and pursue unique sustainability-
makes good business sense. It is foundational to related business and investment opportunities.
the way we operate, pursue innovative solutions and Outcome: Sustainability data, news and analytics
constantly challenge ourselves to redefine business in Core Terminal, Multimedia and Vertical products.
as usual.
SASB: Sustainability Accounting Standards Board
Thought Leadership: We will be pioneering and A partnership with the Sustainability Accounting
innovative in executing a sustainability vision and Standards Board to support the development of
strategy that is grounded in practical application sector-specific, material sustainability disclosure
for us and our partners. standards for inclusion in the SECs Form 10K.
Outcome: Comprehensive ESG disclosure for all
publicly listed companies.

3 2012 Sustainability Report Bloomberg L.P. all rights reserved

KEY PERFORMANCE INDICATORS
2012 2011 2010 2009 2008 %**

Key Drivers
Operating revenues less various
Revenue* adjustments to gross sales. ($ billions)
8.3 7.7 6.9 6.3 6.1 35%

Number of full-time employees at the

end of the reporting period as disclosed
Employees in the companys social responsibility
15,683 15,264 12,689 10,990 10,317 52%
reports.
Leased and owned square footage
Occupancy in the companys real estate portfolio. 4,506,390 4,413,323 3,211,000 3,021,585 2,898,868 55%
(Sq. ft.)
Kilowatt hours consumed by the
Electricity company in the reporting year including 265,604,894 254,335,093 241,728,076 232,320,574 238,378,317 11%
common area charges. (kWh)
Business miles traveled by company
Travel Miles employees in the reporting period. 125,702,325 119,139,331 110,402,214 87,012,895 81,207,317 55%
(Man-miles)

Bloomberg Products & Services

Number of global organizations active in
Bloomberg New
clean energy in Bloomberg New Energy 61,000 51,000 38,000 28,000 22,000 177%
Energy Finance Finances database.
Number of Bloomberg customers
Environmental,
accessing environmental, social and 7,779 5,747 4,704 2,415 n/a 222%
Social, Governance governance data.
Number of news stories from multiple
Bloomberg News Bloomberg platforms receiving awards 154 151 20 9 14 1000%
for environmental and social coverage.

Bloomberg Bureau of Number of BBNA sustainability-related

11,574 n/a n/a n/a n/a -
National Affairs (BBNA) articles written and published.

New Products: New climate-change-related products

No Yes Yes Yes Yes -
Climate Change introduced by Bloomberg. (Yes or No)

Environmental
Total firm CO2e emissions, including
acquisitions, divided by million dollars
Total Emissions/
of revenue. Excluding acquisitions, the 23.82 25.93 27.27 21.65 23.58 1%
Revenue 4 year % change is (16%).
(MT/$ million)
Amount of Renewable Energy Credits
RECs/Purchased (RECs) purchased by the company as
78 83 60 55 48 62%
Electricity a percentage of total electricity con-
sumed. (% kWh)

Travel Emissions/ Emissions resulting from miles traveled

1.88 2.13 2.48 2.27 2.24 -16%
Employee on a per-employee basis. (MT/employee)

Gallons of water consumed on a per-

Water/Employee
employee basis annually. This is an 6,564 6,069 6,342 6,282 6,298 4%
Gallons estimated number. (Gallons/employee)
Landfill waste generated by the
Landfill/Employee company on a per-employee basis. 0.07 0.12 0.15 0.18 0.21 -65%
(MT/Employee)
Dollars spent on sustainability-related
Investments/
projects, per million dollars of revenue. 434 419 522 578 258 68%
Revenue ($/$ million)
Indicates whether the companys
Third-party environmental policies were subject to
Yes Yes Yes Yes Yes -
Verification an independent assessment for
the reporting period. (Yes or No)
Indicates whether the company has
a policy regarding its efforts to use
Green Building Policy environmentally friendly procedures Yes Yes Yes Yes Yes -
in the design and construction of its
buildings. (Yes or No)
Indicates whether the company has a
Environmental Supply
policy to address environmental supply Yes Yes Yes Yes Yes -
Chain Management chain management. (Yes or No)

* Bloomberg Inc. revenue

** Percent Change from 2008 to 2012

4 2012 Sustainability Report Bloomberg L.P. all rights reserved

Key Performance Indicators (Continued)

2012 2011 2010 2009 2008 %**

Social
Total work hours lost, as a result
Lost Time from of incidents, normalized per 200,000
15.11 13.71 22.93 22.92 28.14 -46%
Accidents /Employee employee hours.
(Hours lost)

Total Training Hours / Average number of training hours

46 42 55 40 31 47%
Employee on a per-employee basis. (Hours)

Indicates whether the amount of

Community Spending money spent by the company on
Yes Yes Yes Yes Yes -
>1% Pre-tax Profit community-building activities is greater
than 1% of pre-tax profit. (Yes or No)
Indicates whether the company has a
Health & Safety Policy policy regarding employee health and Yes Yes Yes Yes Yes -
safety in the workplace. (Yes or No)
Indicates whether the company has es-
Fair Remuneration tablished a consolidated firmwide policy
Yes Yes Yes Yes Yes -
Policy regarding fairness in compensation of
employees. (Yes or No)
Indicates whether the company has
Equal Opportunity
a policy to hire and promote on merit. Yes Yes Yes Yes Yes -
Policy (Yes or No)
Indicates whether the company has
Human Rights Policy a policy to protect the rights of all Yes Yes Yes Yes Yes -
people with whom it works. (Yes or No)

Governance
Number of directors on the companys
Size of the Board board.
10 10 11 11 11 -9%

Percentage of board members that

can be classified as independent.
Independent board members are
not employees of the company, have
Independent Directors not received a large sum of direct
30 30 27 27 27 10%
compensation from the company
and are not directly related to any
of the companys executives. (%)

Percentage of women on the Board

Women on Board of Directors. (%)
10 10 9 9 9 10%

Number of corporate board meetings

Board Meetings held in the past year.
3 3 4 4 3 0%

Board Meeting Percentage of members in attendance

97 88 98 89 88 10%
Attendance at board meetings during the period. (%)

Amount of corporate donations to

Political Donations political groups, parties or individuals. 0 0 0 0 0 0%
($)
Indicates whether the companys Chief
CEO Duality Executive Officer is also the Chairman No No No No No -
of the Board. (Yes or No)
Indicates whether executive compensa-
ESG-Linked tion is linked to Environmental,
Yes Yes Yes Yes Yes -
Compensation Social and Governance (ESG) goals.
(Yes or No)

Indicates whether the company is a

UN Global Compact
signatory of the United Nations Global Yes Yes Yes No No -
Signatory Compact. (Yes or No)

Indicates whether the company is

a signatory of the United Nations
UN PRI Signatory Principles for Responsible Investment.
Yes Yes Yes No No -
(Yes or No)

Indicates whether the company is

GRI Application in compliance with the Global Reporting
A+ n/a B+ n/a n/a -
Level Grade Initiative (GRI) criteria and what applica-
tion level is targeted.

** Percent Change from 2008 to 2012

5 2012 Sustainability Report Bloomberg L.P. all rights reserved

Introduction

BLOOMBERG
2012 SUSTAINABILITY
REPORT

This document describes Bloombergs approach to, and ABOUT BLOOMBERG

performance on, material environmental, social and gover- Bloomberg, the global business and financial information
nance issues during the year ending December 31, 2012. and news leader, gives influential decision makers a critical
The information and data provided cover Bloombergs edge by connecting them to a dynamic network of informa-
global operations, including all joint ventures, subsidiaries, tion, people, and ideas. The Companys strengthdelivering
and leased facilities. data, news, and analytics through innovative technology,
quickly and accuratelyis at the core of the Bloomberg
Bloomberg L.P. (the Company) is a privately held limited
Professional service, which provides real-time financial
partnership. Like many other privately held companies, we
information to more than 310,000 subscribers globally.
do not publicly disclose detailed financial information. This
report was prepared using the Global Reporting Initiative Bloombergs enterprise solutions build on the Companys
(GRI) G3 Guidelines and has been assessed as application core strength, leveraging technology to allow customers to
level A+. When calculating global carbon emissions, access, integrate, distribute, and manage data and informa-
Bloomberg includes all components of the Company within tion across organizations more efficiently and effectively.
its operational boundaries. Bloomberg L.P. has calculated Through Bloomberg Law, Bloomberg Government, Bloom-
its carbon emissions with guidance from the WRI (World berg New Energy Finance, Bloomberg Sports and Bloom-
Resources Institute) and WBCSD (World Business Council berg BNA, the Company provides data, news, and analytics
on Sustainable Development) in the form of the WRI Report to decision makers in industries beyond finance.
Hot Climate, Cool Commerce: A Service Sector Guide to
Bloomberg News, delivered through the Bloomberg Profes-
Greenhouse Gas Management (May 2006). Bloombergs
sional service, television, radio, mobile, the Internet and three
emissions, as well as this sustainability report, are verified
magazines, Bloomberg Businessweek, Bloomberg Markets,
and assured by a third party, Cventure.
and Bloomberg Pursuits, covers the world with more than
2,400 news and multimedia professionals at 146 bureaus in
72 countries.
For more information on our sustainability programs, Headquartered in New York, Bloomberg employs more than
visit www.bloomberg.com/bsustainable 15,000 people in 192 locations around the world.

If you have comments and suggestions on any aspect

of our sustainability program, performance and
reporting, please contact the Sustainability group at
[email protected].

6 2012 Sustainability Report Bloomberg L.P. all rights reserved

Introduction

CORPORATE GOVERNANCE Key challenges remain:

Bloomberg L.P. is a privately held Delaware USA limited Creating standards for sustainability data
partnership. The Board of Directors provides strategic direc-
tion to the Company. Representatives from primary operating Integrating meaningful data, news and analysis
groups report to the Chief Operating Officer, who reports about sustainability across all products and services
directly to the President and CEO. Product and Services Expanding the base of customers we serve with
business units also report to the President and CEO, who sustainability information
along with other corporate services, such as Sustainability,
Legal and Security, report directly to the Chairman. More effectively aligning our environmental
There are 10 members of the Board; five are non-executives, and social investment strategies
of which three are independent, including one woman. Reducing emissions from our data centers
The Chairman of the Board, Peter Grauer, and the President Addressing continued growth in employee travel
and CEO, Dan Doctoroff, are the highest-ranking officers and
serve in these roles at the request of the owner. Implementing a global sustainability program
with aggressive and comprehensive targets that
MATERIAL ISSUES accounts for local issues.
This report focuses on sustainability issues material
to Bloombergs business. SUSTAINABILITY GOVERNANCE
Sustainability embodies the core values that have made
We identify these issues by: Bloomberg one of the worlds most successful companies.
Analyzing our business activity for environmental Bloombergs sustainability efforts are guided by our core
and social impact belief that environmental and social issues are material to our
Reviewing specific concerns identified by business and our partnerscustomers, vendors, employees,
stakeholders though our engagement process owners, nonprofits, governments, and communities. The
Company has developed focused policies and guidelines to
Benchmarking issues covered in the reporting of peer ensure that we integrate these issues into our strategic
companies and sustainability leaders across sectors considerations and day-to-day operations
and regions
Sustainability at Bloomberg is managed directly by three
Using the Global Reporting Initiatives G3 Guidelines primary groups: Environmental Sustainability, Professional
to frame our approach to reporting. Development, and Philanthropy. The Sustainability and
The issues below were identified as most Philanthropy groups report directly to the Chairmans office
material to the Company based on this process: while Professional Development reports to the COO.

Accuracy of our information services The Sustainability group has broad responsibilities, including
reviewing policies and procedures on sustainability issues to
Accuracy, balance, and impartiality of our news reporting ensure compliance with all relevant principles and best
Ability to provide data, news, and information to our practices, coordinating engagement with external stakehold-
customers faster than any other competing service ers, and partnering with a variety of NGOs to support contin-
ued development of the sustainability field.
Ability of our products and services to raise awareness
about sustainability issues The group also works with 21 operating departments to raise
awareness and coordinate multiple, interlocking efforts to
Operating activities contribution to climate change reduce Bloombergs overall environmental impact. Since 2007,
and impact on ecosystem services they have initiated more than 350 sustainability projects across
Ability to respond to and mitigate the effects of climate the organization with the guidance of the capital committee
change itself and senior management. Managers and team members in
high-environmental-impact operating departments have
Ability to attract and retain top talent specific sustainability goals and metrics that are tied to their
Ability to continue to innovate annual compensation.

Ability to remain competitive Our Philanthropy group has 10 individuals across North
America, Latin America, Europe, Middle East and Africa
Ability to provide superior customer service and support (EMEA), and Asia Pacific. They ensure that our corporate
giving program is in line with our core tenets and the wishes
of the Companys major shareholder.

7 2012 Sustainability Report Bloomberg L.P. all rights reserved

 ORGANIZATIONAL
STRUCTURE

Corporate groups responsible Products and service groups responsible Operating departments responsible
for citizenship work for sustainability information opportunity for environmental reduction efforts

Peter Grauer
Chairman of the Board

Dan Doctoroff
Philanthropy Chief Executive Officer

Beth Mazzeo
Sustainability Financial Products Chief Operating Officer

Legal, Compliance, Security Information Systems

Global Data Operations
Networks

Professional Global Benefits

Commodities Marketing
Equities/ESG
Development Employee Engagement
EPS Leadership, Learning
and Diversity
Communications Supply Chain
Bloomberg Industries
Facilities
Markets Magazine Purchasing
News
Businessweek Distribution & Asset
Pursuits Management
Bloomberg Television
Bloomberg.com Multimedia
Bloomberg Radio

Bloomberg New Energy

Industry Verticals Finance
Bloomberg Law
Research & Development Bloomberg Government
Bloomberg Bureau of
National Affairs

Ethics and employment issues are handled by our Professional Sustainability-related product development is managed by
Development department, a global presence of more than 225 multiple product groups, all of which report to the President
professionals who ensure that Bloomberg provides a competi- and CEO, with assistance from the Sustainability group. In
tive package of benefits to our employees. They also assure addition, representatives from Core Product (Equities &
that our learning, leadership and diversity programs are Commodities), Industry Verticals (BLAW, BGOV, BNEF,
designed to meet our employees needs in the diverse coun- BBNA), Global Data (Environmental, Social and Governance
tries and cultures in which we work. Our Employee Engage- Product, Bloomberg Industries), News, and others work with
ment group is responsible for all facets of volunteerism and senior staff from the President/CEOs Office and the Sustain-
recognition including general volunteerism, walks-runs-rides, ability group to evaluate opportunities within the greater
skills-based and leadership volunteerism, mentoring, THE sustainability information space.
<B>ALL, Applause!, and tenure recognition.
STAKEHOLDERS
A new Corporate Citizenship group has been convened under Material issues are best identified with the help of partners.
the auspices of the Chairmans office to develop a cohesive, While we do this as part of the normal course of business,
firmwide program of social engagement with participation by we also engage our stakeholders more formally through a
Sustainability, Philanthropy, Employee Engagement, Profes- multi-stakeholder initiative with Ceres www.ceres.org. The
sional Development, and Benefits. views of the Ceres stakeholder panel have been taken into
account in the development of this report.

8 2012 Sustainability Report Bloomberg L.P. all rights reserved

Introduction

Here we list Bloombergs key stakeholders and outline how HUMAN RIGHTS, ETHICS
the Company engages with these groups. More information AND BUSINESS STANDARDS
on our partners is available throughout this report. Human rights is a fundamental concern for Bloomberg
in its relationship to employees and suppliers.
Communities
Through Bloombergs philanthropic programs, we engage Employees
with the communities around the 94 offices in which we have We work hard to protect the human rights of our employees
10 or more employees. Our support is focused on education by providing equal opportunities and a safe and inclusive
and literacy programs, health and medical research, social workplace. Bloomberg complies with all applicable laws and
work, arts and culture, public parks, and the environment. regulations on forced and child labor, as well as the rights of
employees to unionize in the workplace. All employees receive
Customers
mandatory training about harassment and cultural sensitivity.
Bloomberg conducts regular satisfaction surveys to under-
Employees may take additional courses to learn more about
stand the needs of our customers. These include a compre-
equal employment opportunity issues through Bloomberg
hensive annual survey of all our Bloomberg Professional
University, our online training portal.
service customers. This annual survey is supplemented with
data from other studies conducted by individual business The Bloomberg General Standards of Conduct and Ethical
units, which are completed more often and focus on specific Behavior sets out the standards we expect our employees
market segments. to follow. It requires Bloomberg employees to conduct them-
selves and our business at the highest ethical standards, with
NGOs
integrity and within guidelines that prohibit actual or potential
Bloomberg collaborates with NGOs that are aligned with
conflicts of interest or the perception of impropriety.
our core business operating issues and our corporate
philosophy. These include NGOs involved in setting environ- The full text of the policy is provided in the Culture section
mental standards, promoting transparency and managing on our intranet, HR<GO>.
risks in our supply chain.
The policy provides clear channels for raising concerns
Suppliers internally. Employees can also raise concerns, ask questions
Bloomberg communicates to all its vendors upon initial or report misconduct using a hotline that is available 24 hours
engagement for goods or services with language highlighting a day, 7 days a week.
its commitment to Sustainability in its request for proposals
The numbers for the hotline are:
(RFPs). Where applicable, Purchasing asks for the most
recent version of prospective suppliers GRI-compliant +1 (212) 617 1595 ((801)1595), or
Sustainability Report during the RFP process. All master +1 (800) 777 7217 toll free in the U.S.
service agreements have language concerning Bloombergs All calls are confidential and employees can choose
expectations pertaining to worker safety, human rights, and to remain anonymous.
environmental stewardship.
Employees
We recognize the importance of ensuring that our employees
We receive very few complaints on the hotline, and
are informed and engaged about our business and sustain-
ability efforts. We employ a variety of channels and media, the types of issues raised typically include standard
including video, our employee news page, events, environ- employment-related concerns that are investigated
mental marketing, and email, to convey the breadth of our and resolved internally.
activities, invite employees to participate and equip them to
be Bloombergs brand ambassadors in the community.
Governments Suppliers
Governments and financial centers around the world depend We want to work with suppliers that meet high labor standards
on the Bloomberg Professional service for insight into and protect human rights. Contracts with suppliers contain
financial markets and increased transparency that fosters ethical behavior clauses. In addition, we conduct social
global liquidity. responsibility audits of our equipment manufacturers to assess
labor standards. To supplement these efforts, Bloomberg is a
signatory of the United Nations Global Compact.

9 2012 Sustainability Report Bloomberg L.P. all rights reserved

Introduction

+ STAKEHOLDER ENGAGEMENT

In July 2012, Bloomberg met with 13 stakeholders in our

New York office at a session organized and chaired by Ceres*
to obtain stakeholder views on Bloombergs sustainability
plans, priorities and disclosures, and to get feedback on its
draft 2020 Sustainability Vision.

In April 2013, the stakeholder convened a follow-up confer- to ask questions, which ranged from how Bloomberg
ence call to receive an update and offer views on progress evaluates the impacts of its sustainability efforts, to
to date. Senior executives who manage Bloombergs sustain- Bloombergs unique position in creating demand for ESG
ability, professional development, and citizenship efforts data. Ultimately, while the stakeholders remained enthusias-
were present in both meetings. tic about Bloombergs 2020 Vision through both dialogues,
they challenged us to do more, particularly around social
Peter Grauer, Bloombergs Chairman, and Dan Doctoroff, engagement and the development of social-impact metrics
Bloombergs President and CEO, attended the July 2012 that could be integrated into the terminals ESG offerings.
session. Grauer offered an overview of the Sustainability Many of the themes raised in July continued to resonate
teams activities over the previous year with particular mention in the spring conference call.
of continued work to enhance the ESG (Environment,
Social, and Governance) platform on the Bloomberg terminal. What we learned from the meetings, as well as detailed
Doctoroff spoke about the Companys founding belief in written comments from Ceres, has informed this reports
providing transparency to the markets, which the ESG development and will inform Bloombergs 2020 Vision, to
product aims to do. Both executives engaged in a dialogue be presented to the Management Committee in the fall
with the stakeholder participants, who had the opportunity of 2013 and released publicly in 2014.

* C eres is a national network of investors, environmental groups and other

public interest organizations working with companies to address sustainabil-
ity challenges such as global climate change. Bloomberg is a member of the
Ceres network of companies, which means that the Company has commit-
ted to work with Ceres on various aspects of its sustainability performance
and disclosure. Being a Ceres company is not a certification or stamp of
approval relating to the Companys business.

10 2012 Sustainability Report Bloomberg L.P. all rights reserved

Introduction

+ STAKEHOLDER ENGAGEMENT

Highlights of Stakeholder Feedback Sessions

HOLISTIC APPROACH RENEWABLE ENERGY

Stakeholders encouraged Bloomberg to use the Stakeholders applauded Bloombergs efforts to directly
2020 Vision to integrate social programming relating to source renewable and clean energy, which sends demand
employees, human rights, diversity, and supply chain into its signals through the market, thereby increasing capital flows.
sustainability strategy. During the update call, stakeholders During the update call, they also suggested setting specific
supported Bloombergs cross-business approach, highlight- goals around renewable energy usage and its data center
ing the role of media in amplifying Bloombergs efforts energy strategy in 2020.
(recommending ESG trainings for journalists as a first step).
SOCIAL CITIZENSHIP DEVELOPMENT
Stakeholders encouraged Bloomberg to develop a cohesive,
ESG PRODUCT
comprehensive and integrated approach to its social citizen-
Stakeholders explored ways in which Bloomberg could
ship as it had around environmental sustainability. Stakehold-
leverage its position to develop the market for ESG data/
ers welcomed the role of the newly established Citizenship
analytics by improving the quality of its datasets (in which
group, which is dedicated to addressing the social dimension
context stakeholders praised Bloombergs involvement with
of Bloombergs sustainability vision.
the Sustainability Accounting Standards Board), encourag-
ing disclosure by small to medium-size companies, and LEADERSHIP AGENDA
continuing to develop analytics on top of offering raw data. Bloomberg was encouraged to articulate a leadership agenda
to push executive buy-in a level down into senior management
COMBATING SHORT-TERMISM while ensuring employees are informed of how their individual
Stakeholders encouraged the Company to interrogate how roles materially advance Bloombergs sustainability vision.
the Companys data and analytics could encourage a
EDUCATION
longer-term perspective (with particular mention of quarterly
Stakeholders emphasized Bloombergs role as an educative
earnings forecasts and stranded assets).
conduit for finance professionals to learn ESG and for
sustainability professionals to speak the language of finance
SUPPLY CHAIN
as a part of a vision of responsible finance.
Bloomberg can continue to leverage its supply chain
relationships to engage smaller companies on sustainability
issues, and can look into the development of a common
supply chain questionnaire that addresses transparency,
accountability mechanisms and performance, with integra-
tion into existing standards where appropriate. Stakeholders
also reminded Bloomberg to improve transparency around
its own supply chain.

11 2012 Sustainability Report Bloomberg L.P. all rights reserved

 PRODUCTS

Our products and services provide essential information to the

worlds most influential audiences. Increasing transparency around
sustainability issuesboth risks and opportunitiesencourages
better investment decisions and development practices.

Bloomberg connects influential decision makers We believe that our service should support the
to a dynamic network of information, people and growth of sustainable and responsible investment
ideas. Our strengthquickly and accurately by offering a straightforward way to access compre-
delivering data, news and analytics through innova- hensive, quality sustainable finance information at
tive technologyis at the core of everything we do. no extra cost to our subscribers. And, through
With more than 15,000 employees in 192 loca- relationships with major non-governmental and
tions, we deliver business and financial information, not-for-profit organizations, we are collaborating to
news and insight around the world. increase the disclosure of material sustainability-
related information, to improve the quantity and
We are a signatory of the United Nations Principles
quality of that information and support the utilization
for Responsible Investment and believe that
of that information by developing value added
sustainability presents a material market opportu-
analytical tools.
nity for Bloomberg. There is a growing need among
our customers for data, news, analytics and insight For Bloomberg, sustainable finance is a broad term
into how sustainability impacts business, society, that covers all forms of investment activity analysis
policy, technology and financial markets. from business, government and capital
marketsthat seeks to integrate environmental and
social considerations with financial analysis in an
effort to better understand new risks and opportuni-
ties posed by sustainability challengesexpanding
populations, globalization and finite resource supply.

12 2012 Sustainability Report Bloomberg L.P. all rights reserved

 Products

CORE TERMINAL MULTIMEDIA

Sustainability issues have not been adequately Changing with the times means evolving and
integrated into standard investment analysis, business adapting. New technologies have fueled rapid
operations (risk) or product development (opportuni- changes in the way media is consumed, and our
ties) by the financial and business communities. platformsspanning web sites, to print, to radio
Significant work lies ahead in developing the ESG and TVhave been forced to keep pace. As we
product on the terminal to deliver comprehensive, endeavor to provide increasing transparency through
consistent and deep data for the integration of ESG market-moving sustainability news and analysis, we
metrics into financial analysis. continue to develop sustainability expertise in each
of our media units while capitalizing on unique
Indeed, there are significant opportunities for Bloom-
cross-platform opportunities to provide integrated
berg to enable the integration of ESG into financial
insight to investors.
analysis by first seamlessly integrating ESG into the
terminal, thereby making it relevant and actionable. By
Bloomberg enjoys an extensive, global media infra-
leveraging a uniquely integrated platformincluding
structure of reporters, writers and researchers under
Bloomberg Industries, Bloomberg News and Bloom-
its media assets like News, Businessweek, Markets,
berg EPSwe give shape and credibility to the
View (the opinion side of News), Bloomberg TV/
concept of sustainability, which has otherwise
Radio and Bloomberg.com. Our ability to quickly
remained a hard-to-define term.
surface sustainability news and propagate it using
our multimedia platform means we have opportunities
VERTICALS
to educate and build dialogue while also enhancing
Sustainability is a horizontal perspective in a vertical
market transparency.
world. It is therefore challenging to engage the full
scale and scope of the interrelatedness of finance,
policy, government and law, which interact to form
the ever-shifting boundaries of sustainability. Without
understanding the complex interplay of these areas,
there is significant chance that an investor will
misinterpret risks and, more important, overlook
opportunities.
Bloomberg New Energy Finance, Bloomberg Govern-
ment, Bloomberg Law, and Bloomberg BNA offer a
suite of in-depth information and analytic solutions
that cover the breadth of these areas with key insights
into cross-cutting ESG issues. We believe the ability
to present these areas in an integrated and consum-
able way for the investor community continues to be
an opportunity for real value creation.

13 2012 Sustainability Report Bloomberg L.P. all rights reserved

Products

BLOOMBERG
CORE TERMINAL

The Bloomberg Professional service is the most powerful

and flexible platform for financial professionals who need
real-time data, news and analytics to make smarter, faster,
more informed business decisions.

Bloomberg offers best-in-class news, data and analytics, plus ESG & SUSTAINABLE FINANCE
the execution capabilities that financial and business profes- Bloomberg Environmental, Social and Governance (ESG) data
sionals count on for every asset class in every region around are collected from published company material and integrated
the world. We serve our customers by being responsive to into the Bloomberg Equities and Industries services. Bloom-
their changing needs and providing them with actionable berg has researched 20,000 of the most actively traded public
insights to risks and opportunities as they emerge. Sustainabil- companies and obtained ESG data disclosed by more than
ity issuescontinuing population growth, exponential growth in 5,000 companies in 52 countries. ESG data on the Bloomberg
wealth and consumption capacity of developing countries and terminal is fully integrated with all of Bloombergs cutting-edge
massive pressures on finite resourceshave become material analytics, such as the Equity Screener (EQS) and Relative
issues for business and investors. As such, weve made a Value (RV). In addition, we have developed ratios and key
number of investments in our Core offering to help our custom- performance indicators to better compare and analyze compa-
ers respond. nies on ESG metrics.
In addition, Bloomberg New Energy Finance and the NYSE, in
CARBON & RENEWABLES
collaboration with Bloombergs Index team, developed a family
Bloombergs real-time pricing calculators and in-depth
of clean energy indices to track economic exposure for global
fundamental analyses provide environmental and renewable
clean energy initiatives.
markets participants an edge. Users can analyze trading
patterns and supply-demand balances in carbon markets, use www.bloomberg.com/professional/markets/equities/
our proprietary models to incorporate immediate to long-term
time horizon, dive into the fundamental data with our tools to
quickly search industrial installations and global carbon
projectsthen just as quickly link the two. They can monitor
long- and short-term spark spreads, dark spreads and fuel
switch levels in real time while charting carbon prices and + ESG & SUSTAINABLE FINANCE
getting market-leading data from our renewable assets
searches, including wind and solar plants, and value existing or Bloombergs Fixed Income Product group and Bloomberg
planned wind farms with our wind asset valuation tool. New Energy Finance are working with the Climate Bond
Initiative in London to identify bonds that fund low-carbon
www.bloomberg.com/professional/markets/commodities/
assets, providing investors the ability to more efficiently
evaluate thematic investment opportunities in sustainability.
www.climatebonds.net

14 2012 Sustainability Report Bloomberg L.P. all rights reserved

 ESG: CUSTOMERS AND FUNDS

Significant growth in both the number of customers using ESG information

and the number of ESG-themed funds continues.

Number of Customers Using ESG Data

Number of Unique Users

7,779
2012 47.7% AVERAGE
ANNUAL GROWTH

5,747
2011

4,704
2010

2,415
2009

SRI/ESG-Related Funds
Number of Funds
2,000

1,500

1,000

500

0
2007 2008 2009 2010 2011 2012

15 2012 Sustainability Report Bloomberg L.P. all rights reserved

 GLOBAL TOTAL NEW INVESTMENT IN CLEAN ENERGY

After seven years of mostly steady growth, total investments in clean energy cooled at
last, declining by 11% in 2012 relative to 2011. The industry has been weighed down
by regulatory uncertainty and policy changes in big markets such as the U.S., India,
Spain and Italy, as well as by the European fiscal crisis.

Sharply lower prices of solar and wind technology also Middle East, Latin America and Asia-Oceania. While China
exerted downward pressure on investment volumes, though led the way with a record $68BN outlay in 2012, other
they allow higher installation levels per dollar of funding. Still, countries are showing a growing appetite for these invest-
the 2012 figure of $269BN was the second-highest annual ments: Australia, South Africa, Morocco, the Ukraine, Mexico,
investment amount ever, and five times the amount invested Kenya, Brazil, Ethiopia, Chile and South Korea were among
in 2004. Overall, the industry has seen a 22% growth rate the countries seeing at least one project of more than $250M
since 2004. financed during 2012.
An important theme from the 2012 data is that investment is Bloomberg New Energy Finance estimates that annual
broadening rapidly, from established markets that were investment in new renewable power capacitywhich is the
responsible for much of the growth since 2004such as asset class that makes up the largest portion of the overall
Europe, the U.S. and Chinato new markets in Africa, the clean energy investment numberswill rise by more than
200% by 2030, climbing to $630BN per year.
$BN
300

20% -11%
250

34%
200 -2%
16%
150
45%

100
43%
48%
50

0
2004 2005 2006 2007 2008 2009 2010 2011 2012

% Increase % Decrease

BLOOMBERG EPS
Bloombergs Enterprise Products and Solutions Group (EPS) Within the EPS group, there are a number of initiatives
leverages the Companys core strengthour market-leading businesses that serve the growing need of financial profes-
technology and global infrastructureenabling businesses to sionals for insight into sustainability investment risk and
acquire, manage and distribute data and information more opportunities. Our new Bloomberg Application Portal (APPS)
efficiently and effectively across the enterprise. From enterprise runs customer applications that are produced by third-party
technology to data management, trading workflow to portfolio vendors and integrated with Bloomberg data and functional-
and risk analysis, secure archiving to regulatory compliance, ity. A number of carbon and ESG-related applications have
we offer a complete, turnkey solution. Whatever the clients been developed.
needs, we approach them creatively.

16 2012 Sustainability Report Bloomberg L.P. all rights reserved

Products

BLOOMBERG INDUSTRIES
Bloomberg Industries combines the insight of a team of
experienced analysts with comprehensive and proprietary data. + BLOOMBERG INDUSTRIES
This platform provides a new modularized, dynamic approach to
industry analysis, improving both the efficiency and productivity The Bloomberg ESG and Industries groups teamed up to
of traditional research. Our goal is to provide clients with a publish a series of thematic research pieces (BITS)
complete view of an industry and its key constituents to help evaluating material impacts to sectors from sustainability
them make faster and better investment decisions across the issues like climate change and supply chain standards.
capital structure. We serve the research needs of a wide variety
of customers, including the investment community, corporations
and consultants.
Deep, clean energy sector research is supplemented with key BLOOMBERG NEWS
BNEF clean energy and carbon factors for impacted sectors. The Bloomberg Professional service offers exclusive coverage
ESG analysis in Bloomberg Industries integrates material by more than 2,300 experienced multimedia professionals
company and industry environmental, social and governance globally on one integrated platform. Bloombergs award-winning
key performance indicators, comprehensive and proprietary coverage of companies, markets, economies, politics and
fundamentals data, and the insight of the wider Bloomberg governments through a single, easy-to-use function provides
Industries analyst team. This platform provides a unique, access to both the big picture and specific details. Customers
data-driven insight into emerging, long-term sustainability can tailor their news experience to suit their needs and interests
themes, including climate change, water, safety, and gover- and receive instant alerts whenever relevant stories break.
nance, that present real risks and opportunities for whole
In addition to our own original content, the Bloomberg Profes-
industries and individual companies. Collaboration with industry
sional service carries more than 1,000 news sources in 30+
experts from Bloomberg New Energy Finance, Bloomberg
languages globally and provides a powerful search engine to
Government, Bloomberg BNA, Bloomberg Law and News
capture content from 90,000 web sources and social media.
ensures that Bloomberg Industries ESG research is both
expansive and timely, providing clients with a deeper level of Bloomberg reporters pride themselves on their journalistic
insight to help them make fully informed investment decisions. integrity. All Bloomberg journalists must abide by a detailed
www.bloomberg.com/professional/news-research/industries/ handbook, The Bloomberg Way. The handbook stresses the
principles of accuracy, critical thinking, depth, guidance, people
and global relevance. These principles are defined by the Five
Journalism Awards FsFactual Word, First Word, Fastest Word, Final Word and
Number of Awards Future Wordand are the operating ethos of the organization.
2012 Breakdown Bloombergs reporters and editors create and curate
sustainability-related news. We have a wide set of specialized
news analytics, including readership and publishing heat
2 scores, sentiment and trend analysis. We monitor changes
BLAW/BNA
81 in velocity in social media references around tickers, and we
Print
2 extract and structure data from within press releases and other
Photos original documents to speed the parsing of market-moving
10 information.
Broadcast
3
Web/Internet
19
Businessweek
25
Markets 7
Design

154 154 81 105 111 92

2012 2011 2010 2009 2008 2007

17 2012 Sustainability Report Bloomberg L.P. all rights reserved

Products

BLOOMBERG
VERTICALS

The Industry Verticals group, BBNA, BGOV, BLAW and BNEF,

all web-based businesses, provide industry leading news, analysis
and data about the government, law, regulation and energy.

The continuing rise of sustainability-related issues creates BLOOMBERG GOVERNMENT

unique and profound implications for a wide range of industries Bloomberg Government is the single, comprehensive web-
and related participants in government, non-government, legal, based information service for professionals who interact with or
and financial communities. The industry verticals group dives are impacted by the federal government. Bloomberg Govern-
deep into these issuesincreased CAF standards, DOE ment provides data, analytical tools and news, combined with
clean energy directives, EPA emission regulation, OSHA safety in-depth analysis. By linking all relevant informationfrom
requirements, Dodd-Frank conflict mineral provisions and proprietary BGOV analysis and news to legislative and regula-
moreto provide clear and actionable intelligence to help our tory data to government contract and opportunity informa-
customers navigate this ever-evolving and increasingly complex tionin a single, customizable tool, Bloomberg Government
landscape. helps government affairs and government sales professionals
do their jobs better. Understanding the nexus of energy, the
BLOOMBERG NEW ENERGY FINANCE environment and related policy and regulation is critical for
Bloomberg New Energy Finance (BNEF) is the leading executives as these issues continue to grow in importance.
provider of analysis and information on clean energy, low-
Energy and environmental policy coverage is a critical area
carbon technologies and the carbon markets to investors,
for BGOV that continues to receive significant analyst attention.
corporations, and governments. BNEF sector specialists
There is particular focus on regulatory activities authorized by
operate across all areas of clean energy and low-carbon
legislation passed and signed into law during the Bush and
technology, including wind, solar, biofuels, biomass, energy
Obama administrationsespecially the evolving EPA-regulatory
efficiency, nuclear, and carbon capture and storage. The
landscape and how changing rules affect the energy sector.
Carbon Markets division generates industry-leading analysis,
price forecasting, consultancy and risk management.
Corporations, financial institutions, governments and service
providers make use of a wide array of subscription-based
services that include news, investment data, research, advisory Energy & Environment Regulation
services and executive events. We are proud to serve several
Department 2012 2011 2010
leading global institutions, including the Clinton Global
Initiative, World Economic Forum, Renewable Energy Finance EPA
Forum, International Energy Agency and the Princes Final Rules 635 533 479
Rainforest Agency.
Notices 762 884 1021

Department of Energy
Final Rules 52 60 59
Notices 2,427 2,351 2,277

18 2012 Sustainability Report Bloomberg L.P. all rights reserved

 BLOOMBERG BNA

11,574 Articles Covering 12 Categories Across 5 Publications

Headline Count Publication Count

2,479
Toxic Substances & Hazardous Materials
5,853
2,044
Energy
Daily Environmental
1,672
Climate Change

1,189 2,042
Legislative & Administrative Activity

900 Energy & Climate

Water

868
Air 1,923
747
Natural Resources International Environment

609
Sustainability

377 1,396
Environmental Cleanup Liability
Chemical Regulation
396
Waste

261
Trade 360

32
Environmental Due Diligence Guide
Agriculture

0 500 1,000 1,500 2,000 2,500 0 1,000 2,000 3,000 4,000 5,000 6,000

BLOOMBERG BNA
Bloomberg BNA, a wholly owned subsidiary of Bloomberg, is Across Bloomberg BNAs publishing groups, expert legal and
a leading source of legal, regulatory and business information business practitioners in a wide range of fields offer readers
for professionals. Its network of more than 2,500 reporters, insight and analysis while delivering the highest editorial quality
correspondents and leading practitioners delivers expert in the industry and providing timely, comprehensive, focused
analysis, news, practice tools and guidance the information coverage so Bloomberg BNA customers spend less time on
that matters most to professionals. Bloomberg BNAs authori- reading and research.
tative coverage spans the full range of legal practice areas,
Bloomberg BNAs Legal Resource Centers integrate
including tax and accounting, labor and employment, intellec-
up-to-date news, thought leadership from respected practitio-
tual property, banking and securities, employee benefits,
ners, Bloomberg BNAs expert analysis, case law and other
health care, privacy and data security, human resources, and
primary sourcesconveniently organized by practice area
environment, health and safety.

19 2012 Sustainability Report Bloomberg L.P. all rights reserved

Products

and all in one place. BNA Insights feature outside experts + BLOOMBERG NEW ENERGY FINANCE
helping customers understand the implications of key legal
For clean-energy entrepreneurs, developers, and manufac-
developments, legislative activity and trends.
turers, massive opportunities appear to lie aheadif they
Bloomberg BNAs Daily Environment Report and Energy and can identify them. Similarly, government leaders could
Climate Report give prominent coverage to sustainability trigger a flood of new clean energy investmentif they can
issues and the new Water Law & Policy Monitor concentrates
craft appropriate policy frameworks.
coverage on water rights and use issues. The group supports
many sustainability-oriented programs, events and organiza- To bridge these gaps, the Multilateral Investment Fund,
tions. Senior executives are actively represented on the Board member of the Inter-American Development Bank Group, in
of the Association of Climate Change Officers (ACCO), as partnership with Bloomberg New Energy Finance, used 30
judges for EPAs Climate Leadership Awards and as planning indicators to create the Climatescope, the first annual
committee members of the National Association of Environ- report, index, and interactive web tool focused on the clean
mental Managers (NAEM) 2013 Environment and Sustainabil-
energy market in Latin America and the Caribbean.
ity Forum in Montreal.
about.bnef.com
BLOOMBERG LAW
Bloomberg Law is a legal and business intelligence, news and + BLOOMBERG GOVERNMENT
research system designed for leading legal professionals who
are focused on delivering superior client service. By integrating BGOV and BNEF collaborated to outline the policy
Bloombergs renowned news, company and financial data with implications of President Obamas re-election U.S. energy
exceptional primary and secondary legal research and busi- policy by producing an instant Analyst Reaction note the
ness development tools, Bloomberg Law offers environment morning after the election to BNEF and BGOV clients. The
and energy professionals a broad range of resources, includ- team collaborated to interpret the implications for investors,
ing an extensive database of court dockets and opinions, state manufacturers, and others in the energy sphere. BNEF
and federal laws and regulations, and in-depth analysis from wrote the portions specifically pertaining to clean energy
trusted sources, including Bloomberg BNAs Energy & Climate
while BGOV offered its insights on what the election means
Report and Environment Reporter, and relevant books and
for EPA regulatory action. The note was one of the most
treatises. Subscribers can also track Dodd-Frank regulations
downloaded of all 2012 research notes.
impacting sustainability issues using Bloomberg Laws
Dodd-Frank Act Implementation Timeline, which provides about.bgov.com
comprehensive, up-to-date tracking of various rule-making
activities, including those concerning executive compensation + BLOOMBERG BNA
and conflict minerals. For legal professionals interested in
reviewing corporate disclosure language for risk factors, BBNA produces 5 different publications that address
Bloomberg Laws EDGAR Search provides an easy way to environmental or sustainability issues, providing more than
locate relevant registration statements, proxy statements, 5,000 proprietary stories in 2012 on environmental topics.
private-placement memoranda and other publicly filed disclo- The Daily Environment Report and Environment Reporter
sure documents for precedent language. provide information on legal and regulatory developments
and enforcement actions involving clean air, clean water,
wetlands, superfund, hazardous and solid waste, climate
change, and clean energy. The International Environment
Reporter covers news and policy developments from more
than 50 countries around the world. The World Climate
Change Report contributed nearly 2,500 news stories
focused on climate change mitigation and adaptation
policies, clean energy and energy efficiency, and corporate
sustainability practices in the U.S. and abroad.
www.bna.com

20 2012 Sustainability Report Bloomberg L.P. all rights reserved

Products

BLOOMBERG
MULTIMEDIA

Bloomberg Multimedia includes print (Bloomberg Businessweek,

Bloomberg Markets and Bloomberg Pursuits magazines), television,
radio, internet and mobile offeringsall providing the preeminent
source of business and financial news globally.

Bloomberg Multimedia is led by media and financial informa- NGOs. Bloomberg Multimedia brings them the news they
tion experts in broadcast news, web products, digital news, need, wherever and whenever they need it. Bloombergs
mobile, video, photography, advertising sales, media content unique strength is its commitment to covering these issues so
and syndication. Multimedia products and services give that they are decision useful to a broad range of influencers.
influential decision makers a critical edge by connecting them
to a dynamic global network of information, people and ideas. BLOOMBERG.COM
Nations and companies face rising competition for strategic
These assets create a platform for syndicating coverage and
resources energy, food, water, materials and the technolo-
analysis of sustainability issues to different constituencies in
gies that make best use of them. Thats sustainability. Its about
business, finance, government and others, providing them
the 21st century race for wealth, health and long-term security,
critical insights into both the pressing issues of the moment as
across the global grid. Bloomberg Sustainability News
well as deeper coverage on long-term economic, social and
publishes more than two-dozen stories every day about how
environmental trends. Companies and investors now share the
key 21st century trendsthe booming global middle class, the
mantle of sustainability leadership with governments and
race for natural resources, climate changeare encouraging
companies and governments to hone long-term strategies.
With reporters in more than 70 countries, Bloomberg News is
+ BLOOMBERG.COM/SUSTAINABILITY positioned to tell these stories with unparalleled depth. In the
United States, newly accessible shale oil and gas resources
Bloomberg Sustainability News runs articles, photo
have brought energy security closer to reality. In China, large
galleries and data visualizations by website editors, cities choke on industrial pollution even as renewable energy
Bloomberg News reporters and outside contributors. continues to grow. In Europe, climate change is already
Bloomberg.coms most popular recurring feature is starting to reshape agricultural patterns. And everywhere,
Sustainabilitys collaboration with Bloomberg Rankings, companies and investors are gradually reinventing financial
The Highest & Cheapest Gas Prices by Country, which reporting to increase transparency on issues of environment,
every quarter examines countries price per gallon and social and corporate governance (ESG).
their consumers relative pain at the pump. Bloomberg On the sites blog, The Grid, editors collaborate with Bloom-
News reporters contribute lively posts in their areas of berg New Energy Finance, Bloomberg BNA and Bloomberg
expertise, which have ranged from corporate sustainabil- Government to regularly run articles and analysis from Harvard
ity at consumer products companies to life at U.K. shale Business Review, World Resources Institute and Inside
gas drilling sites, to Mongolian wind farms. Climate News.
www.bloomberg.com/sustainability/

21 2012 Sustainability Report Bloomberg L.P. all rights reserved

 CASE STUDY
BLOOMBERG.COM/
SUSTAINABILITY
www.bloomberg.com/sustainability

Bloomberg News

Bloomberg Markets
Bloomberg provides daily
insight on risks and opportunities
Bloomberg View to sustainability professionals,
executives, policy makers and
Bloomberg Businessweek other thought leaders.

Bloomberg TV

In late 2011, Bloomberg launched the sustainability news section

on Bloomberg.com. A collaborative effort between multimedia,
sustainability and other teams, its success reflects Bloombergs
innovative approach to leveraging the distinct expertise of multiple,
cross-platform groups to deliver curated and topical news.

Bloomberg News Bloomberg Businessweek

With more than 2,400 journalists at 146 bureaus in 72 In a short time, Bloomberg Businessweek has become
countries, Bloomberg News award-winning environment, the worlds leading news magazine, winning the National
education and corporate news teams cover the world Magazines Award for General Excellence in 2012.
and the world of sustainability. Many commodities are at
The magazine delivers compelling stories that illustrate
or near all-time highs. Popular brands are re-inventing
how individuals and companies are living out the contro-
their products to use fewer resources. Agriculture,
versies and conflicts that are defining the new century.
tourism and retail adapt to a changing climate and the
Should nations store their gold in flood-prone lower
global economy adapts to the rising Asian middle class.
Manhattan? Who risks their lives to mine tin for your
Whether its markets, companies, politics, technology,
electronics? How do you clean up a coal company?
society or science, Bloomberg News has it covered.
Editors answer daunting questions every week.
Bloomberg Markets
Bloomberg TV
Bloomberg Markets takes readers behind the daily
Bloomberg TV uses its deep reporting base to cover
headlines. Cover stories and features have explored the
sustainability, clean energy, and emerging technologies,
kingdom of the Koch brothers, the greenest banks, food
trends and policies around the clock and around the
safety, and much more from the realm of finance and
globefrom U.S. climate policy post-Hurricane Sandy to
investing.
the implications of fracking and the natural gas boom;
Bloomberg View from carbon markets in Europe to solar power in China;
Bloomberg View publishes editorials arguing the from smart cities in Abu Dhabi to rural microfinance in
Companys institutional position on issues, which include Bangladesh.
sustainabilitys most critical hotspots: energy and climate
change, social inequities and corporate governance.
Columnists, contributors and bloggers provide the
well-reasoned, solution-oriented, opinion journalism that
readers need to participate in public conversations.

22 2012 Sustainability Report Bloomberg L.P. all rights reserved

Products

BLOOMBERG VIEW + BLOOMBERG VIEW

Bloomberg View, the opinion section of Bloomberg News,
publishes unsigned editorials as well as commentary from A Vote for a President to Lead
regular columnists and occasional contributors. The subject on Climate Change: Mike Bloomberg
matter is infinitely broad, encompassing everything in the
news from global affairs to U.S. domestic issues. On November 1, 2012, Mayor Michael Bloomberg
published an opinion piece in Bloomberg View noting
Bloomberg Views board of editors determines institutional
that the devastation that Hurricane Sandy brought to
opinion on all issues, including many important and controver-
New York City and much of the Northeastin lost lives,
sial sustainability challenges. With a primary focus on specific
controversies around energy, View editorials have favored a lost homes and lost businessbrought the stakes of
carbon tax, a long-term policy on wind-production tax credits, Tuesdays presidential election into sharp relief.
federal rules restricting greenhouse gas emissions from www.bloomberg.com/news/2012-11-01/a-vote-for-a-
power plants and methane emission limits at natural gas president-to-lead-on-climate-change.html
drilling sites.
Our columnists and contributors also address sustainability
issues. The energy expert Michael Levi of the Council on + BLOOMBERG MARKETS
Foreign Relations argued for raising oil taxes in a recent
In a time when sustainability challenges are increasingly
op-ed piece, for instance. Carl Pope, the former head of the
being addressed by companies and the financial
Sierra Club, has written extensively for View on controlling
community, Bloomberg Markets, News Ranking, BNEF,
carbon emissions. Cass Sunstein, a former Obama White
House official and a columnist for Bloomberg View, has ESG and the Sustainability team decided to collaborate
argued that the U.S. should act unilaterally on climate change. and evaluate the worlds largest banks on their environ-
Peter Orszag, economist and Vice Chairman of Corporate mental performancefrom both how they manage their
and investment Banking at Citigroup, has made a case for own operations to how they help finance the clean energy
developing natural gas-powered cars. and energy smart industries.
www.bloomberg.com/markets-magazine/
BLOOMBERG MARKETS
Markets is a monthly magazine that goes to more than
375,000 readers, providing regular coverage of energy, the
environment and sustainability developments as they pertain + BLOOMBERG BUSINESSWEEK
to the global financial community. Markets publishes at least
one in-depth feature on sustainability or energy-related topics
Global Green Summit
virtually every month. A feature article in the August 2012 On 4 December 2012, Bloomberg Businessweek hosted
issue, Mixing Coal, Oil and Water, focused on a carbon its third Global Green Summit, an annual meeting of
capture and storage project at the Hatfield Colliery in north- business executives and senior policymakers involved in
east England, that is bringing jobs and new life to North Sea one of the most pressing issues of today: how institutions
oil wells. The Agenda section also devotes a page most
can build and maintain sustainable development and
months to news about energy and the environment, while the
investment structures.
Strategies section covers energy supply and commodities-
related functions on the Bloomberg terminal. This effort was truly cross-platform. It utilized the unique
Every May, the magazine publishes an annual special report expertise of BNEF, the Sustainability Group, BLINK,
on the future of energy. In addition to several feature stories, Bloomberg.com and others delivering a high-value
the package includes an annual ranking of the Worlds event for both Bloomberg and the participants.
Greenest Banks, which is based on environmental risk factors www.bloomberglink.com/event/green/
and low-carbon investment activity. This year, a second
energy special is planned for the November issue, focusing
on traditional and alternative energy sources and their effects
on the global economy.

23 2012 Sustainability Report Bloomberg L.P. all rights reserved

Products

+ BLOOMBERG BUSINESSWEEK
Bloomberg Businessweek has made sustainability one of
its key coverage themes, integrating the issue into every
aspect of its thinking and reporting.

BLOOMBERG PURSUITS Bloomberg Businessweek has integrated sustainability into

Bloomberg Pursuits is the quarterly global lifestyle luxury every aspect of its news coverage. The magazines reportage
publication from Bloomberg Markets magazine. Bloomberg and analysis explores the business case for companies
Pursuits is distributed to all 375,000 Bloomberg Markets environmental and social strategies, and separates hype from
subscribersa highly coveted and affluent readership reality. We closely follow public policy debates both in Wash-
comprised largely of users of the Bloomberg Professional ington and the States. We explain the rise of China as a
service (the terminal) around the world. Bloomberg Pursuits dominant market for and producer of everything from renew-
covers how the world of luxury intersects with concerns about able energy to consumer products. And we explain to our
sustainability, and tells how purveyors of bespoke goods, readers the impact of breakthrough developments from
exclusive homes and exotic travel are adapting their offerings mass-produced electric vehicles to the Canadian oil sands.
to customer demand for more eco-friendly living. Sustainability informs our major events, such as the Global
Green Business Summit, which took place in Singapore last
BLOOMBERG BUSINESSWEEK December. The magazine speaks directly and authoritative-
Recipient of the 2012 National Magazine Award for General lyexemplified in its cover after of Hurricane Sandy, Its
Excellence and a Webby Award for Best News App, Bloom- Global Warming, Stupid. Our sustainability coverage is not
berg Businessweek offers a global perspective and compre- siloed. It is knitted into the fabric of everything we do.
hensive insights to help business leaders profit from smarter,
faster and more-informed decisions. Founded in 1929, the BLOOMBERG RADIO
magazine is a trusted market leader with a global circulation of Bloomberg Radio is broadcast via Sirius XM Radio and
980,000 and 4.6 million readers each week. Drawing on more WorldSpace satellite radio globally and on WBBR 11:30 AM
than 2,300 journalists in 146 bureaus across 72 countries, in the New York/New Jersey/Connecticut area. Bloomberg
Bloomberg Businessweek covers the business world like no Radio reports and programs are syndicated to 200 radio
one elsein print, online, mobile and eventsand moderates affiliates nationally.
global conversations through content, context and collaboration.

24 2012 Sustainability Report Bloomberg L.P. all rights reserved

Products

+ BLOOMBERG MARKETS + BLOOMBERG TELEVISION

Bloomberg Markets provides regular coverage Bloomberg Television covers global sustainability issues with
of energy, the environment and sustainability a unique lens, providing insight and analysis into clean energy,
developments as they pertain to the global climate policy and carbon markets.
financial community.

The Bloomberg Radio Green Report is a daily 60-second through a business lens, from climate policy on Capitol Hill and
feature exploring the latest developments in green technology. the emergence of electric cars in Detroit, to carbon markets in
Washington-based reporter Jon Bascom profiles companies Europe and smart cities in Abu Dhabi.
making breakthroughs in renewable energy, conservation,
Bloomberg has access to the key players, regularly interview-
recycling, zero-emission transportation and waste disposal.
ing influencers like U.S. Energy Secretary Steven Chu, Virgin
From long-life batteries to light-emitting diodes to sustainable
Group CEO Richard Branson, and Duke Energy CEO Jim
agriculture, the Bloomberg Radio Green Report offers news on
Rogers. We also take the time to feature emerging innovators
cutting-edge technology that is shaping the future of the 21st
and technologies in areas such as offshore wind power and
century. The Bloomberg Green report can be heard weekdays
rural microfinance across the globe.
at 6:20 a.m. on WBBR in New York and at various times across
the country on Bloomberg-affiliated stations.

BLOOMBERG TELEVISION
Reaching more than 245 million homes worldwide, Bloomberg
Television is based on the power of Bloomberg News and + BLOOMBERG TELEVISION
delivers timely, accurate and concise business coverage, Mary Jane McQuillen, managing director at Clearbridge
together with unbiased context and insights.
Investments, discussed how to be an ESG investor
Our access to global markets, business leaders and financial and what her firm looks for before investing in a company
information allows us to identify critical news and related events. in an exclusive interview on Bloomberg Televisions
Bloomberg TV covers global sustainability and clean energy Market Makers.
with a unique lens, providing insight and analysis into emerging www.bloomberg.com/video/how-to-be-a-socially-
technologies, policies and trends. BTV also does in-depth responsible-investor-FEO~fGq9RuKhjQVETJeAPQ.html
reporting on the major sustainability issues of our time

25 2012 Sustainability Report Bloomberg L.P. all rights reserved

 PLANET
At the inception of Bloomberg Sustainability in 2008, we set a goal to
reduce our CO2e footprint 50% by 2013 vs. our 2007 baseline. We were
able to achieve this initial goal two years early through a combination of
aggressive demand-reduction efforts, infrastructure and energy efficiency
investments, on-site renewable development and procurement of Renewable
Energy Credits. Our cumulative emissions avoided from 2008 to 2012 vs.
business as usual are roughly equivalent to the emissions resulting from
one full year of business operations.

Through our environmental strategy, we are scruti- related to our environmental programming, from
nizing every aspect of our businessfrom electricity education and engagement opportunities to opera-
consumption to waste management to supply chain tional carbon-reduction efforts.
and travelwith the aspiration of creating a fully
The seven-person Sustainability team is based in
sustainable Bloomberg. To date we have been able
New York City and reports directly to the Chairmans
to improve operating margins, minimize risk and
office. The team manages all facets of Bloomberg
collaborate with our employees to reduce environ-
Sustainability by coordinating environmental projects
mental impact while generating financial savings.
and educational activities, monitoring performance
By continuing to address our biggest operational and collaborating with a network of 13 BGREEN
challengesenergy use, employee travel and regional squads and 23 operating departments.
magazine paper consumptionwe are working not
The Sustainability team works closely with operating
only to mitigate our environmental impact but also
department managers who are responsible for
to reduce costs, spur innovation and create a
executing environmental initiatives, and developing
culture of sustainability our employees support
performance targets and strategies for meeting
and appreciate.
goals. Progress is tracked on all projects, which
Our internal sustainability program, BGREEN, is an serves as a key metric tied directly to the responsible
environmental initiative that promotes our overall managers compensation and bonus. Managers in
sustainability strategy and includes all activities departments with the biggest potential impacts have
the largest stakes tied to their performance.

26 2012 Sustainability Report Bloomberg L.P. all rights reserved

 Planet

ENERGY SUPPLY CHAIN

Bloombergs energy consumption accounts for 55% Bloombergs supply chain lacks the purchasing
of our greenhouse gas emissions, primarily from the power to influence widespread industry changes as
Companys offices and data centers, which includes we have in our facilities, data centers or publishing
electricity and natural gas consumption, and on-site arms. Downstream initiatives thus far have proven
power generation. Growth is driven by head count more impactful. Going forward we will emphasize
increases and data center expansion resulting from working with our suppliers, assemblers and large IT
a broadening customer base and increased product vendors to adopt best-in-class, cleaner manufacturing
offerings. Opportunities exist in office efficiency practices and developing enhanced social programs
gains, on-site renewables and clean distributed for industry workers.
power generation.
WASTE & WATER
PAPER Aggressive recycling and composting programs in
With the acquisition of Bloomberg Businessweek, key markets have driven our waste-reduction success,
our paper consumption has grown 327% since while local waste disposal variations and limited
2007. Bloomberg Markets, Pursuits and office paper compost opportunities challenge broader adoption
consumption account for the remainder of our usage. of these strategies. We do employ constant educa-
Our biggest opportunity is the integration of high- tion and awareness among our employee base to
percentage recycled content into our publications promote our waste-reduction efforts Companywide.
and a gradual shift to digital media consumption We have also implemented water-reduction measures
patterns. in key offices, though water data collection to validate
these reductions has proven challenging. As a service
TRAVEL company, this is not really a material issue for us.
Business travel represents 15% of our carbon
emissions and only this year was down slightly on a
CO2e per FT employee basis since 2007. Due to our
hub-and-spoke, high-touch sales model and extensive
bureau network, travel reductions have been, and
remain, a challenge. Some limited opportunities have
been identified, such as wider adoption of teleconfer-
ence technology, while more aggressive reduction
approaches are being considered.

27 2012 Sustainability Report Bloomberg L.P. all rights reserved

Planet

BLOOMBERG
ENERGY

Bloomberg depends on leading technologies to provide

cutting-edge news and information services to our customers.
Utilization of these energy-intensive technologies contributes
heavily to our overall emissions.

ENERGY AND EMISSIONS Bloombergs carbon emissions, as well as this report, are
Energy-related emissions represent 55% of our total green- third-party verified by Cventure. At the request of multiple
house gas emissions. Next ranks employee business travel customers, Bloomberg has participated since 2008 in the
and logistics (including magazine distribution), which together Carbon Disclosure Project Supply Chain initiative; for our
contribute another 28%. Paper consumption from our publish- 2012 submission we were recognized as an industry leader
ing entities (Markets & Businessweek magazines, BBNA) with a score of 80. This places us in the top 10% of both the
account for 16%, with the balance of our emissions from financial services and information technology sectors, the two
office paper and landfill waste. most applicable to Bloomberg.
In light of that breakdown, Bloombergs mission to minimize In 2012, Bloombergs total CO2e emissions were 196,613
its environmental impacts remains focused on: metric tonnes. This quantity includes recent acquisitions of
Making our offices and IT equipment more energy efficient Businessweek and New Energy Finance in 2009, Bureau
of National Affairs (BNA) in 2011 and Polarlake in 2012.
Looking for opportunities to generate renewable
Emissions from these acquisitions represent approximately
and low-carbon energy on-site
28% of total emissions.
Reducing the impact of employee business travel
and product transport Incorporating these acquisitions into a revised 2007 baseline1,
we are able to calculate that in 2012 we realized an efficiency
Ensuring our magazine publishing standards reduce
gain of 30% over adjusted Business As Usual (BAU) levels,
emissions and set new standards within the industry
primarily from energy reduction and efficiency efforts imple-
Reducing CO2e emissions from waste. mented over the last five years in our buildings and IT equip-
ment. We have also been successful reducing landfill waste
Emissions by Activity due to moving to waste-to-energy engagements in New York
and London.

DATA CENTERS
Our data centers are the engines that power the large volume
of information we provide to our customers through the
55% 28%
Bloomberg Professional Service. They are our most important
Energy Use
Logistics assets and also require the most power to function. While our
objective is to minimize our power usage, data center trends
point the other way. The quantities of data stored, terminal
17% functionally, complexity of routinely-performed calculations
Paper
Consumption
& Waste 1To create a revised baseline, we calculated emissions associated with those
acquired entities at the time of acquisition and added them to Bloombergs
original 2007 baseline emissions. Future efficiency reductions will be calculated
against this re-baselined number.

28 2012 Sustainability Report Bloomberg L.P. all rights reserved

 CORE CARBON FOOTPRINT REDUCTION
Bloombergs initial footprint-reduction goal and subsequent analysis were based on
existing operations, i.e. Core Operations, and exclude acquisitions in 2009, 2011 and
2012. In 2012, carbon footprint of Core Operations achieved a 56.7% reduction from
2007 baseline and 72.8% reduction from Business As Usual (BAU) projections.

Metric Tonnes of CO2e Breakdown of

Carbon Footprint
250,000
Business Reductions
As Usual from BAU

35.4%
Demand Reduction
200,000

1.9%
Infrastructure
Investment
150,000

2007 CO2e Baseline

0.5%
On-Site Renewable
Energy
100,000
34.9%
Renewable Energy
Credits (RECs)
2013 50% Reduction Goal
50,000 2013 Goal 56.7% Current Core
Reached two years Total reduction Footprint Level
ahead of target in 2012 from
2007 baseline

0
2007 2008 2009 2010 2011 2012

and customer service provided are always increasing as are (as we cannot risk any disruptions to our service), we are doing
our energy consumption. And Bloomberg is not alone; this is the utmost within those limitations to find the most effective
a sectorwide challenge. and innovative solutions possible. In 2012 we reduced energy
consumption associated with our IT load in data centers by 3%
To evaluate our data centers, we created the Bloomberg
or approximately 2 million kWh.
Average Data Center Efficiency (BADE) analysis tool. This
compiles data on a number of IT-related metrics including
BUILDINGS AND IT
RAM, CPU and disk utilization, as well as building power
At year-end 2012, Bloomberg had almost 16,000 employees
usage to determine a monthly efficiency score.
working in 215 locations globally, consuming a total of 150
Data center efficiency is a clear priority for us. Bloomberg million kWh (excluding Data Centers) and generating 61,000
is aggressively pursuing creative solutions to save energy at metric tonnes of CO2e. Facilities has always been, and
our data centers, including: continues to be, a prime focus of our environmental efforts,
Conducting studies of airflow management to optimize as well as an area in which we have had significant success
air conditioning to date. In 2012, our current and historical reduction efforts
resulted in savings/avoidance of almost 32,600 metric tonnes
Using winter air to naturally cool IT equipment
of CO2e, the equivalent of approximately 80 million kWh and
Organizing the equipment along hot and cold aisles cost savings of $12.8 million. Key reduction/efficiency
Replacing older servers with more efficient equipment. projects in our facilities included:
While the mission-critical nature of the data centers means Turning off the lights during nonworking hours, yielding
our options for aggressive change are somewhat constrained approximately 9 million kWh of annual savings

29 2012 Sustainability Report Bloomberg L.P. all rights reserved

 CARBON FOOTPRINT
Metric Tonnes CO2e
20072012
2012* 2011 2010** 2009 2008 2007 % +/

Scope 1
Direct Combustion Emissions 7,865 7,644 6,396 5,184 4,979 2,815 179%

Scope 2
Indirect Combustion (Electricity, Steam) 103,143 98,293 94,184 91,101 101,608 102,046 1%

Scope 3
Employee Business Travel 27,377 30,075 28,321 22,598 20,875 20,830 31%
Magazine Distribution 22,953 23,362 22,607 4,857 3,884 3,874 493%
Material Transport 2,111 1,731 1,686 2,425 2,709 3,351 -37%
Publishing Paper Consumption 31,021 34,967 31,442 6,620 7,296 7,429 318%
Other Paper Consumption 890 739 696 521 659 1,023 -13%
Landfill Waste 1,253 2,000 2,067 2,123 2,357 2,479 -49%

Bloomberg Emissions 196,613 198,810 187,399 135,430 144,367 143,846 37%

REC Purchases -79,938 -80,504 -56,160 -49,976 -48,297 0 n/a

Bloomberg Carbon Footprint 116,675 118,306 131,239 85,454 96,069 143,946 -19%

* First full-year impact of BBNA, mid-year addition of Polarlake

** First full-year impact of Businessweek/BNEF

Installing more efficient lighting, lighting sensors and other of land adjacent to the building and generates nearly 60%
initiatives to creatively save energy associated with lighting of the buildings annual electricity consumption. Bloomberg
buys the clean power generated from the system (which is
Adjusting controls on heating, ventilation and air
owned and operated by a third party) at prices below retail
conditioning, saving almost 7 million kWh annually
rates, providing a long-term hedge against rising power prices.
Extensive efficiencies resulting from building offices Financially, the NJ solar array has a 20-year NPV of $2.3
to LEED standards. million, or approximately $350,000 in annual savings over
the life of the installation.
IT energy efficiency projects included:
Setting monitors to sleep mode, conserving approximately
11 million kWh annually CO2e Emissions per $M Revenue
Metric Tonnes of CO2e
Upgrading almost 14,000 PCs since 2008 to more
efficient models certified to the EPEAT and Energy Star 30
4.0 standards; (EPEAT is a system defining environmental
criteria specifically for computers and monitors) 25.9%**
25
Implementation of PC Sleep software globally in 2012; -4.9%
-10.7% -8.1%*
by year-end, 17% of Bloomberg users were utilizing 20
the program, with a projected rollout to 90% of users -8.2%
by mid-2013
15
Networks efficiency initiatives, including facility consolida-
tion, utilization of Co-Location Node sites and equipment 10
upgrades.

5
ON SITE RENEWABLES
In 2012, we completed the installation of two photo voltaic 0
solar power systems. Together, these systems produce 2.9 2007 2008 2009 2010 2011 2012
million kilowatt hours of electricity annually. The larger of the
two installations was constructed at our Skillman, NJ office. * First full-year impact of BBNA, mid-year addition of Polarlake
It employs a ground-mounted tracking system set on 9 acres ** First full-year impact of Businessweek/BNEF

30 2012 Sustainability Report Bloomberg L.P. all rights reserved

Planet

The second solar installation is a rooftop system at our + RENEWABLE ENERGY

San Francisco News Bureau, which was the first LEED
project in our corporate real estate portfolio. This on-site Bloombergs U.S. Operations
renewable project is notable in demonstrating Bloombergs Awarded WindMade Label
commitment to consistently evaluating our buildings for
new sustainability opportunities and improvements to their In October of 2012, Bloomberg became the first news
infrastructure. organization in the world to receive the WindMade label,
a global consumer designation for companies that use
On the success of our installations, we are evaluating other
wind energy and other renewable sources. The label,
locations for potential implementation of solar power includ-
ing our future London headquarters and other offices in which is backed by the UN Global Compact and conser-
New Jersey. vation group WWF, requires participating companies to
obtain at least 25% of their electricity from wind power.
RENEWABLE ENERGY Bloombergs U.S. operations achieved WindMade
Bloomberg was once again recognized by the U.S. Environ- certification by offsetting 58% of its power consumption
mental Protection Agency (EPA) for its commitment to green with wind-based RECs, and a further 25% with biomass.
power purchases. As of year-end 2012, Bloomberg was the In general, we feel the designation not only demonstrates
22nd largest purchaser of Renewable Energy Credits (RECs) a commitment to renewable energy, it provides discerning
according to data and rankings compiled by the EPA. In the consumers a way to choose companies and products that
U.K., we buy renewable energy directly from our provider. utilize wind power.
We purchased 208,262,000 RECs for our largest sites and
to satisfy our LEED and WindMade requirements. While we
view voluntary REC purchases as tertiary to our demand Renewable Energy Credit (REC)
reduction and infrastructure investment efforts, they do send Purchases in kWh
a demand signal and supplementary revenue to clean energy As % of Total Consumed kWh
project developers and operators. Current demand is weak,
driving down prices and limiting impact. If more corporate kWh (in Millions)
consumers of electricity added RECs to their environmental 300
strategy, improved demand and increased prices could
accelerate investment.
250
GREEN BUILDINGS
We include language in our preferred lease terms that sets 200
out our requirements for landlords. These cover energy supply 83% 78%
and monitoring, waste management and recycling, green
cleaning, green construction, bike parking and water conser- 150
vation. We also have incorporated sustainability consider- 60%
ations into our search criteria when seeking new office space. 55%
100 48%
Our policy is for all new office developments, refurbishments
and expansions to be certified or built to LEED (Leadership 50
in Energy and Environmental Design) standards. Through
the end of 2012, 7 projects have achieved LEED Platinum,
7 achieved LEED Gold and 11 projects are in progress with 0
2008 2009 2010 2011 2012
the goal of achieving Platinum or Gold certification.
The primary challenge in building to LEED specifications is
the increased level of coordination and planning required. REC Purchases Total kWh
Attention must be paid to every detail to ensure that the
majority of purchases are local, have high recycled content
and meet indoor air quality specifications.

31 2012 Sustainability Report Bloomberg L.P. all rights reserved

 CASE STUDY
ENVIRONMENTAL REDUCTIONS
AND COST SAVINGS
Our Information Systems department has taken steps to reduce the environmental impact
of our technology operations. Since 2008, a core group of 10 employees from Information
Systems, has focused on 5 projects which enhance efficiency, increase profitability and
improve productivity across our office environment.

PC Sleep
Flat Panel Sleep Information Systems needs to keep the Bloomberg
Terminal and PC software up-to-date and protected
One of our Companys earliest wins that against viruses. Historically, all company PCs
demonstrated the clear benefits of reducing energy remained on all night to enable these updates. In
usage was putting our monitors into sleep mode 2012, IS installed software that allows participating
when not in use. Previously our monitors had PCs to go into an energy-saving sleep mode at night
displayed screen savers, which caused their and gives IS the ability to wake up PCs to perform
power consumption to be the same even when necessary updates. By year end 2013, we intend
they were not in use. This project has saved to have 90% of PCs actively enrolled in the Program.
nearly 46,000,000 kWh and $6,600,000. In 2012, it is estimated that PC Sleep saved more
than 800,000 kWh and more than $120,000.
SAVED: $6,600,000 | 46,000,000 kWh
SAVED: $121,000 | 800,000 kWh

TOTAL SAVED $8,000,000 and

50,000,000 kWh

Teleconferencing
Developing and maintaining tools and
Energy Star PCs an environment that allow Bloomberg
employees to effortlessly collaborate is
ENERGY STAR is a joint program of the
a key mission. Video conferencing has
U.S. Environmental Protection Agency
quickly become a vital communication
and the U.S. Department of Energy.
tool for our employees. In 2010,
Bloomberg has set Energy Star as our Print Environment Bloomberg had 171 conference rooms
standard for new PCs. By upgrading
and 200 employees equipped for video
Bloomberg computers to newer, more Double-sided printing has been conferencing. There are currently 670
efficient models, the Company has implemented as the default option on conference rooms and 2,800 employ-
reduced energy usage by 3,200,000 kWh all printers with duplex capability in ees utilizing this equipment and more
and reduce costs related to energy the Bloomberg environment. Through than 25,000 video conferences are
consumption by approximately $590,000. employee education and duplex printing, initiated each month.
we have reduced paper consumption
SAVED: $590,000 | 3,200,000 kWh by 39% and saved $687,000 since Effortless collaboration between
2008. We have tested and evaluated employees across the globe
Follow Me print technology and plan
a rollout in 2013. This technology will
require employees use their ID badges to
release print jobs and virtually eliminate
inadvertent print jobs.

SAVED: $687,000

32 2012 Sustainability Report Bloomberg L.P. all rights reserved

Planet

2012 LEED OFFICES + SOLAR ENERGY

LEED certification for Commercial Interiors was achieved in
Bloomberg has two solar installations on-site at
6 additional offices in 2012. To date, Bloomberg has attained
the highest rating of LEED Platinum in 7 projects and LEED its facilitiesSkillman, NJ and San Francisco.
Gold in 7 additional projects. Our first project was completed Combined, 2.9 Million kWh of electricity is generated
in San Francisco in November of 2008. by these systems every year. Bloomberg saves
approximately $350,000 annually over the life of the
We are currently have projects in the pipeline that will expand
installation. We are evaluating locations for potential
our LEED certified real estate portfolio to 8 additional offices,
implementation of new installations based on the
including our first LEED project in Australia (Sydney) and
South America (So Paulo). Our London headquarters is success of these two projects.
seeking both LEED and BREEAM (Building Research
Establishment Environmental Assessment Method)
certification.
Projects Completed in 2012
New York, 731 Lexington Avenue Expansion, Floors
2129: Achieved LEED Gold in March 2012. This was
our first opportunity to pursue a LEED project in New York
City and it was also our largest project to-date, providing
workspace for over 1,400 employees in over 130,000
square feet at our headquarters.
New Jersey, 101 Skillman Renovation: Achieved LEED
Gold in February 2012. This project was our first LEED
project at a Bloomberg-owned building. This further created
a sustainable campus that already included a 1.8 MW PV Skillman, NJ
Solar system, electric car charging, preferred parking for
car-poolers, vegetable/herb garden, Green Restaurant
Association Dine Green certified cafeteria and post-
consumer composting.
London, Parkhouse: Achieved LEED Gold in March 2012.
This was our 3rd LEED project in London. We are currently
developing a new London headquarters, planned completion
2017, that will seek dual BREEAM/LEED certification.
Seoul: Achieved LEED Platinum in September 2012. Per the
LEED database, this is currently the only Platinum-certified
project in the city of Seoul, South Korea.
Singapore, 11th Floor Office Expansion: Achieved LEED
Platinum in September 2012. This was Bloombergs 7th
LEED project in Asia, demonstrating both our commitment
San Francisco, CA
to this region and our Green Building principles.
Washington D.C., 1101 K Street: Achieved LEED Gold
in October 2012. In addition to our LEED certification for
commercial interiors, our BGOV office in Washington is
located in office space that achieved LEED for Existing
Building Operation and Maintenance, demonstrating our
aspiration to lease space with property owners who share
our commitment to sustainability.
By the end of 2014, we will have LEED certified projects
on 6 continents and in every Bloomberg operating region.
Upon completion of the London, Bloomberg Place project,
over 71% of our employees will be based in a LEED
certified office.

33 2012 Sustainability Report Bloomberg L.P. all rights reserved

 LEED CERTIFIED OFFICE SPACE
Upon completion of the London Bloomberg Place Project, more than
71% of our employees will be based in a LEED-certified office.
Number of Desks
20,000

18,218
% of desks in
LEED-certified space
15,000 15,683
15,264 Total number
of desks
71%
12,689

10,000 10,990
10,317
50% of
Headcount

5,000
26.5%

8.6%
1.7% 2.5% 4.5%
0
2008 2009 2010 2011 2012 2017
Anticipated

LEED-CERTIFIED BUILDINGS
The design and construction of the following Bloomberg
offices have been or will be certified using LEED standards.

2008 2011 Anticipated Awards LEED Platinum

LEED Gold or Platinum
San Francisco Dubai Relocation
LEED Gold
London 38 Finsbury Phase 2 Sydney (2013)
Hong Kong 18th Floor Expansion Kuala Lumpur (2013)
2009
Shanghai Cape Town (2013)
Tokyo 19th Floor
Expansion Mumbai Oslo (2013)
Hong Kong
25th Floor Expansion (2013)
2010 2012
Seoul 120 Park Avenue (2014)
London 38
Finsbury Phase 1 Singapore, So Paulo (2014)
11th Floor Office Expansion Johannesburg (2014)
New York, 731 Lexington Munich (2014)
Expansion
London,
New Jersey, 101 Skillman Bloomberg Place North (2017)
Renovation
London,
London, Park House Bloomberg Place South (2017)
Washington D.C., 1101 K. St.

34 2012 Sustainability Report Bloomberg L.P. all rights reserved

Planet

BLOOMBERG
PAPER

In the last few years, with the acquisition of Bloomberg

Businessweek in 2009 and BNA in 2011, paper consumption
at Bloomberg has gone from a secondary environmental
consideration to a more prominent issue.

PAPER PERFORMANCE consolidate magazine shipments to reduce carbon emissions,

Bloombergs paper usage includes its three magazines, and use regional printing plants to reduce the number of
in-house print facilities in New Jersey and London, Bloomberg transportation miles to customers. Maintaining clear communi-
BNA publishing at its printing company in Maryland that cation with our customers, employees, vendors, communities,
provides printing services to other companies, and office colleagues, governments, non-profits, and others, will encour-
paper for standard business operations. Paper represents age them to model our success in meeting environmental
16% of Bloombergs carbon emissions, and responsible goals. Through vigilance, collaboration, and transparency, we
sourcing of paper and printing services is critical to mitigating can mitigate, to the best of our ability, our carbon emissions
our environmental impact in this area. and consumption of virgin materials.
To that end, our guiding principles for paper use are to:
MAGAZINE PUBLISHING
We recognize there are significant environmental and financial 1. Maximize recycled content in the paper we use with a
impacts associated with our paper consumption. As a publish- preference for post-consumer recycled (PCW), continuing
er with a global distribution of almost 60 million magazines and to incorporate pre-consumer recycled content, when PCW
consumption of 23 million pounds of paper per year, our paper is not available, to increase the overall percentage of
choices have a very direct impact on the environment. Paper recycled content paper used, thereby reducing the use
remains the communication vehicle of choice for a majority of of virgin fiber from forests and reducing emissions
our readers and our advertisers. While digital publishing is
2. Maximize Forest Stewardship Council (FSC)-certification
gaining, it is not a complete solution either, owing to its
for any virgin fiber used
reliance on servers that contain extensive mineral materials and
use significant amounts of energy. To the extent that we must 3. Employ credible life-cycle analysis (LCA) where feasible
use a significant amount of physical paper, and distribute to determine choices with the least environmental impact
products to nearly every country in the world, it is critical we
4. C ontinuing to support and encourage cleaner and more
base our decisions holistically on the best information available
efficient manufacturing processes that strive to eliminate
and take what we feel is the most sustainable action. This
any waste
includes encouraging recycling of our products, partnering
with vendors on projects that achieve sustainability goals, 5. C ontinuing to ensure that our practices and those of
using soy-based inks, purchasing FSC-certified paper, and our vendors meet and/or exceed legal requirements.
using paper with recycled fiber when it meets quality and cost
Using paper made from post-consumer and pre-consumer
requirements.
recycled content and FSC-certified fiber is the cornerstone
Because we are responsible for getting our product to market of our purchasing policy, when it meets our quality and
in an environmentally and socially conscious manner, we will business needs and has a direct, significant and measurable
continue to improve our processes to ensure we lead by impact. This strategy not only helps us reduce the consump-
example. We currently use printing plants with sustainable tion of virgin fiber from natural forests and their ecosystems
practices, use rail for paper transportation whenever feasible, but also creates demand for waste paper that would

35 2012 Sustainability Report Bloomberg L.P. all rights reserved

Planet

otherwise go to landfills. Using recycled and FSC paper from BLOOMBERG MARKETS
paper mills closer to the source of printing also reduces the Bloomberg Markets is a monthly magazine with a circulation of
energy, water and chemicals consumed during the manufactur- approximately 345,000 at the end of 2012. Carbon emissions
ing process. In the end, the FSC-certification scheme best associated with its paper usage and distribution (4,851 and
meets our criteria for forest protection because of its inclusive 3,589 metric tonnes, respectively, in 2012) are significant but
and transparent decision-making processes and its fairness, are actually down 20% from its 2007 baseline due to:
as reflected in the equal weight the certification gives across Streamlined operations using less paperdue to reduction
environmental, economic and social considerations. of free copies (see sidebar) and a 60% reduction in
production waste (i.e., spoilage), 2012 Markets paper
BLOOMBERG BUSINESSWEEK consumption was down 22% since 2007 despite 2012
In December 2009, Bloomberg acquired Businessweek circulation being 13% higher than 2007.
magazine, a weekly publication that in 2010 had an average
Printing EMEA and Asia copies in Europe
circulation of 917,000. The creation and distribution of Busi-
nessweek generated 45,487 metric tonnes of CO2e that was Incorporation of 10% recycled content in certain
added to Bloombergs emissions calculations. After the paper components
acquisition, Bloomberg focused on increasing the circulation Improvements in paper-production processes, resulting
of the magazine through improved content, an editorial in lower carbon factors associated with paper usage.
redesign andmost relevant to usimproving the quality of its
Dependent on the results of incorporating recycled content
paper, including procurement and printing on FSC-certified
into Bloomberg Businessweek, we will work with our produc-
paper. This resulted in a paper weight increase from 28 lbs.
tion team and paper suppliers to identify paper solutions for
stock to 34 lbs. stock, which instantly increased the emissions
moving Bloomberg Markets toward increased recycled content
per issue by 21%. While this decision was responsive to
as well. Bloomberg strives to be the worlds most sustainable
business objectives of improving the quality of the magazine, it
publishing company.
heightened our resolve to find opportunities to reduce emis-
sions associated with publishing this magazine. In 2012
BLOOMBERG PURSUITS
Businessweek researched and conducted a small-scale test
Bloomberg Pursuits was launched in the spring of 2012 as
regarding the possibility of utilizing 100% recycled content
a quarterly magazine, the first global luxury lifestyle magazine
paper. In 2013, we will aggressively seek options to utilize
with content from the editors of Bloomberg Markets.
recycled content paper in our publishing operations through
Bloomberg Pursuits is coupled with Markets and distributed
further tests with our vendor partners and open collaboration
to all 345,000 Bloomberg Markets subscribers. Emissions
with our paper suppliers.
associated with the production and distribution of Bloomberg
Pursuits are included with Markets.

+ MAGAZINE PUBLISHING
Bloomberg Recoginzed by Rainforest
Alliance as a Standards Setter Markets Magazine
In May of 2012, Bloomberg was recognized as the Sustain- Part of streamlining Markets operations was to
able Standard Setter by the Rainforest Alliance at its annual reduce the number of non-circulation-related copies
gala event in New York City. The awards honor businesses (i.e., free copies) distributed on a monthly basis.
and individuals that champion conservation, protect the Internal analysis targeted those segments of distribu-
environment and support local communities. Bloombergs tion that could be reduced or eliminated altogether.
commitment to FSC-certification in its magazine publishing By 2012, free copies had been reduced by 70%
and office paper sourcing demonstrates that the benefits of vs. 2007 levels, resulting in cumulative savings since
sustainable business extend beyond social and environmen- 2008 of more than $3.5M.
tal awards, providing a competitive edge and improving
operating performance. Bloomberg is the only publisher with
100% of its publications printed on FSC-certified paper.

36 2012 Sustainability Report Bloomberg L.P. all rights reserved

Planet

BLOOMBERG INK receive FSC certification at its London branch of Bloomberg

Bloomberg Ink is the Companys in-house print facility, Ink. Collaborating with a reputable, independent nonprofit
with locations in New Jersey and London (and Hong Kong conservation organization committed to transparency helps
in 2013). The department printed 9.7 million impressions in Bloomberg more effectively communicate our sustainability
2012, including business cards, nameplates, stationery, and efforts to our customers, employees and other partners.
brochures. A range of suppliers produce additional printed
All major Bloomberg Ink suppliers are required to submit
customer marketing material, but it is an ongoing Bloomberg
a complete materials list prior to approval of the order.
initiative to maximize Bloomberg Inks output and minimize our
The list requires disclosure of materials used, the amount
reliance on third-party printing. To this end, by 2012 we had
of recycled content, inks, any toxic materials in the product,
reduced annual spend on third-party print services by 43%
and the type of waste associated with manufacturing the
and achieved cost savings of $4.7 Million since 2008.
product for Bloomberg.
We are working to improve the sustainability of our printed
materials by reducing paper use, increasing the use of OFFICE PRINTING
recycled and FSC paper and encouraging the use of environ- In 2012, Bloomberg continued to reduce the environmental
mentally preferable inks. impact of our printed materials through increasing the use of
recycled content and sustainably sourced paper. Our Asian
Performance
offices, for example, successfully increased the recycled
Bloomberg Inks Environmental achievements in 2012 include:
content of its office paper from 20% to 77%. Globally, Bloom-
Producing zero hazardous waste berg offices utilize an average recycled content in office paper
Using upwards of 97% FSC-certified paper and on average, of 52%, while 81% of office paper is Forest Stewardship
59% recycled content paper Council (FSC) Certified.

Printing only with low- or no-VOC and soy- or vegetable- Overall, office paper printing activity has seen a 59% per-head
based inks count decrease, and overall paper purchased has decreased
39%, across all major offices since 2007. Challenges remain
Corporate business cards were redesigned to be in line with to further reduce our paper consumption within our offices,
our environmental policies. especially in News and Broadcast-related business operations
Bloombergs corporate style guide stresses the importance of and annual global business planning periods. In order to
environmentally benign inks, and designers are highly discour- address these problems and eliminate inefficiencies, in 2013
aged from using fluorescent or metallic inks. we will be implementing a cross-collaborative initiative that will
introduce badge-swipe sensors to printers. This technology
Bloomberg Ink and FSC Certification requires employees to release their print jobs from a queue by
Bloomberg Ink has been certified to the Forest Stewardship swiping their corporate IDs over a device attached to printers
Council Chain of Custody standards since 2008. Certifica- and any unwanted print jobs would never be printed.
tion consists of a three-fold process:
A licensing agreement, outlining terms of licensing, BOOKS
trademark usage and copyrights Wiley Publications is licensed to publish books under the
Bloomberg Press imprint. Bloomberg and Wiley collaborated
On-site visit from Rainforest Alliance auditors to review plant
in 2010 after the licensing agreement was executed to ensure
processes and separation of FSC-certified products from
that the publication of our titles was consistent with our overall
non FSC-certified products within the facility. Chain-of-
environmental effort. Accordingly, as of January 2011, all new
Custody standards require that FSC-certified products be
print and reprint runs of Bloomberg Press licensed through
clearly marked and processed in a manner that ensures no
Wiley Publications are printed on FSC-certified paper.
cross-contamination with non FSC-certified products
A review of the observed results from the on-site audit as
well as written facility operation guidelines.
The Certification allows Bloomberg to design, manufacture
and distribute products with the FSC label. In 2013, Bloom-
berg will once again work with the Rainforest Alliance to

37 2012 Sustainability Report Bloomberg L.P. all rights reserved

 OFFICE PAPER
Average Monthly Paper Use by Office Bloomberg 2012 Global
2012 Average Pages per Employee Paper Usage
24,259,564 Total Lbs.
Number of Pages
250

200
77.5%
Businessweek
150

13%
100 Markets
88.9
Average
50

0 3.5% 4% 2%
Office Paper BBNA Publishing Pursuits
co

o
k

g
ey

ai
on

rt

yo

ey

i
ba
r

ul

or
D

ub
Yo

fu
is
rs

Ko

dn
k
nd
Pa

ap

um
n
nc

To
nk
Je

D
to
ew

Sy
Lo

ng
o
a

M
ng
ew

on
S
Fr

Fr
N

Si
hi

H
N

as
Sa

Office Paper Sourcing and Usage

Forest Stewardship Post Consumer
Region Total Lbs. Council Waste PCW Detail
Europe, Middle 50% 841
East & Asia 94,778 73,764 28,122
100% 27,281
10% 33,762
20% 15,552
30% 56,082
North America 716,277 550,601 453,766
50% 46,985
80% 1,152
100% 300,234
70% 18,625
Asia 34,116 11,937 31,873 80% 34
100% 13,213
50% 399
Latin America 4,567 2,858 2,347
100% 1,949

Magazine Paper
Distribution Impact per Issue
Paper Distribution
Usage per Paper CO2e CO2e per
Magazine Issue (Lbs.) per Issue (kg) Issue (kg)
Businessweek 0.35 0.46 0.36
Markets 0.64 0.85 0.63

38 2012 Sustainability Report Bloomberg L.P. all rights reserved

Planet

BLOOMBERG
BUSINESS TRAVEL
AND LOGISTICS

Bloomberg is a global company with clients in 160 countries.

We are service providers, and moving our salespeople and
products to our customers locations is a key component of
the service we provide.

In 2012, BLP emissions from employee business travel and miles-traveled has increased accordingly. However, we have
non-publishing-related logistics were 31,527 metric tonnes, a been able to slow the growth of emissions by utilizing the
23% increase from 2007 levels but a 15% reduction on a following targeted reduction opportunities:
per-head count basis. Travel and transport are two areas 94% of travel between London and Paris/Brussels, and
where our environmental efforts can be aggressive, but not to 58% of travel between New York City and Washington,
the point that we compromise business initiatives or the level was via rail
of service we provide to our customers.
Use of car services was down 64% in the U.K. and 22%
EMPLOYEE TRAVEL in the U.S. vs. 2007 baselines. These reductions were
Employee travel is a key component of our business model and achieved by:
one of our biggest challenges in terms of reducing our emis- UK: Initially introducing shuttle-bus services in 2008 from
sions. The Bloomberg sales process is high-touch, requiring U.K. Bloomberg offices to airports and rail stations in lieu
in-person service to our current customers and potential of car service usage and subsequently presenting public
clients. Face-to-face customer support and training are often transport as the expected mode of transport to/from
cited as a distinct advantage we have over our competitors. airports/rail stations
Our sales teams therefore travel regularly to see clients and
generate new business. Moreover, our extensive news bureaus US: Introduced guidelines for transportation options
and hub-and-spoke office model add to the challenges we within city limits during regular business hours to drive the
face in reducing business travel. As we have added significant use of public transport and eliminate unnecessary car
customer-facing head count in recent years, overall service usage.

Travel by Mode

Totals Air Rail Car

Miles MT of CO2e MT of CO2e/FT Emp. Miles MT of CO2e Miles MT of CO2e Miles MT of CO2e
2012 125,702,325 29,549 1.90 115,162,429 26,862 3,686,251 262 6,853,645 2,425
2011 119,139,331 32,470 2.36 109,518,907 29,957 3,343,654 238 6,276,770 2,275
2010 110,402,214 31,460 2.64 101,815,197 29,179 2,765,353 185 5,821,664 2,096
2009 87,012,895 25,001 2.37 79,714,544 22,952 1,983,685 135 5,314,666 1,914
2008 81,207,317 23,093 2.27 73,582,964 20,898 2,129,501 123 5,494,852 2,072
2007 79,504,227 22,245 2.29 72,611,369 19,966 1,030,506 66 5,862,352 2,213

39 2012 Sustainability Report Bloomberg L.P. all rights reserved

Planet

PRODUCT TRANSPORT + EMPLOYEE TRANSPORT

In 2012, we conducted more than 490,000 shipments, both
outbound and inbound, which resulted in 2,000 metric tonnes Reductions In Car Service
of CO2e (compared with 3,351 metric tonnes in 2007). More
By shifting away from car service in the U.S. and London
than 93% of these products (by weight) were transported by
hubs, we achieved cumulative cost savings from
ground or sea, roughly consistent with prior years, but emis-
sions were still reduced by: 20082012 of $14.5M and emissions reduction of 271
metric tonnes in 2012 alone. This slight change in approach
Shipment weight decreased 20% from 2007 to 2012: Our has had little to no effect on customer service, and the
engineering group drove a reduction in the weight of our inconvenience to our global sales force has
products and packaging. One example is our keyboards, for
been minimal.
which shipping weight has decreased by more than 5 lbs.
since 2007.
Shorten Transport Distance: Purchasing focuses on local Teleconferencing
sourcing whenever possible, specifically with products for
internal use. Average shipment distance in 2012 was 13% Bloomberg has made significant investments in teleconfer-
lower than 2007, and average air-shipment distance was encing infrastructure over the past two years. While we have
down 29% over the same interval. not seen the reductions in travel that we had originally hoped
for, we have realized other benefits, specifically in employee
Separately, packaging associated with the transport of our
communications and collaboration. Video conferencing is
products generates 35% of our annual waste. Bloomberg has
reduced this waste by implementing reusable packaging and now available in every open, bookable conference room.
eliminating Styrofoam from our waste stream. In 2009, Bloom- Video conference connections have increased approximately
berg moved to a multi-component reusable packaging system 280% compared to the previous year.
for shipping customer-facing equipment, allowing our ware-
houses to reuse components (corrugated box and packaging
inserts) as often as feasible before recycling the materials. In All Calls
2012, almost all packaging was used at least twice, usually Number of Calls
more. Despite increased shipping activity over previous years, 50,000
the result was a reduction in packaging usage of almost 20%
since 2008 (the year before implementation) and annual
savings in excess of $100,000.
40,000
MAGAZINE TRANSPORTATION
With the September 2012 issue, Bloomberg Markets moved
its EMEA and Asia print order from a production plant in the
United States to one in Europe. This move reduced distribution 30,000
emissions because copies for destinations in Europe now
travel by ground transportation rather than air. The print run for
Bloomberg Pursuits is also split between plants in the U.S.
20,000
and Europe.
Bloomberg Businessweek has been expanding its alternate
delivery program, partnering with newspaper delivery networks
to distribute Bloomberg Businessweek directly to subscribers. 10,000
Bloomberg Businessweek began alternate delivery in 2010 in
the Philadelphia market. Since then, the magazine has added
more than 20 markets, delivering more than 230,000 copies 0
every week to subscribers one to two days faster than the 2011 2012 2013
Postal Service. In 2013, alternate delivery will further expand
to more than 300,000 copies.
Alternate delivery reduces emissions by approximately 10%,
increases efficiencies and reduces costs associated with
magazine distribution. However, certain restrictions by the
United States Postal Service present challenges that need
to be resolved before we can engage in a broader rollout of
this program.

40 2012 Sustainability Report Bloomberg L.P. all rights reserved

Planet

BLOOMBERG
SUPPLY CHAIN

Bloombergs Supply Chain extends around the globe.

To serve customers in 160 countries we work with vendors,
large and small, to ensure that they are compliant with the
highest social and environmental standards.

For our products, both customer-facing and for internal use, we SUPPLIER REQUIREMENTS
have more than 300 stocking locations globally, with 3 major Bloomberg is committed to working with our suppliers to:
distribution centers in New York, London and Tokyo. Operate an efficient and sustainable supply chain that
While our calculated Supply Chain emissions are comprised of supports our corporate responsibility programs
all shipment logistics, including those from our print shops and D
 evelop sourcing solutions aligned with customer, regulatory
magazine distribution, we give attention to our Supply Chain as and wider stakeholder needs and expectations
a much broader entity. To date, Bloomberg has focused
primarily on the impacts of its downstream supply chain, Highlight and track the chain-of-custody for all precious and
including the conversion of our flat panels to Energy Star conflict minerals as well as other high impact items
qualifications and the responsible recycling/scrapping of our Ensure that all precious and conflict minerals have been
retired electronic assets in accordance with e-Stewards responsibly sourced in accordance with local, federal, and
certification requirements. We are now looking upstream as international laws and regulations, as well as our guidelines
well. Bloomberg buys a wide range of goods and services,
including consulting and IT support, office supplies, paper for Prohibit the use of child, convict/prison or slave labor while
our publications, and components for our Terminals. We look ensuring that Bloomberg and our suppliers abide by globally
to source from suppliers that maintain high labor and environ- recognized, UN-mandated human rights policies
mental standards. Create long-term value and reduce risk for our business,
We also seek to source locally when and where it makes our suppliers and our stakeholders.
sense, and maintaining consistent quality in our supplies Globalization and sourcing diversification create unique
requires close coordination between multiple departments opportunities and challenges for supply chain management.
including Purchasing, Asset Management, Operations, Bloomberg has established sustainability requirements in
Facilities and our various business units. supplier requests for proposals (RFPs) and in master service
Originally written in 2009, third-party reviewed and updated in contracts. In summary, our suppliers are required to:
2012, our environmental operating policies have expanded to Comply with all applicable health, safety, labor,
reflect sustainabilitys growing influence within the Company. and environmental regulations
There are now 12 sustainability-related policies ranging from Not discriminate against employees
cleaning, construction and waste management to events,
electronics procurement and paper sourcing. These guidelines Maintain adequate safety standards
allow us to scale our efforts across Bloombergs overall office Not employ anyone under the age of 15.
portfolio. Weve expanded our scorecard program to 13 offices
We require suppliers to outline their environmental initiatives,
globally, allowing us to promote environmental-improvement
including policies, procedures and information about what
programs through healthy interoffice competition.
makes their goods and services environmentally and socially
preferable.

41 2012 Sustainability Report Bloomberg L.P. all rights reserved

Planet

Customer-facing equipment is designed to

meet applicable environmental standards
Product % of Customers Using Action Taken

PCs 6.9% Energy Star complilant since beginning of 2009.

Life Cycle Assessment completed in 2010. 100% of new customer flat panel
Flat Panels 7.8%
shipments are Energy Star compliant since 2010.

Life Cycle Assessment completed in 2011. More environmentally friendly

Keyboards 100%
raw materials and reduced shipping weight.

Life Cycle Assessment completed in 2011. More environmentally friendly

B-Unit 100%
raw materials, increased battery life by 66% and reduced shipping weight.

We define environmentally preferable as products that: 2. Recognizing the environmental impact our products have on
Contain recycled material and are themselves recyclable and/ our customers: The Bloomberg Professional service is used
or reusable by thousands of organizations globally to access critical
financial information. With this service, almost all customers
Have reduced embedded energy and carbon emissions, or
use some Bloomberg-provided equipment, including two or
that help Bloomberg and its customers reduce energy use
more 19-inch, 17-inch or 15-inch flat-panel screens, a
and carbon emissions
dedicated keyboard and/or a personal authentication device
Contain reduced amounts of harmful chemicals called the B-Unit (a biometric scanner that allows users to
Are certified to a recognized environmental standard. access their terminal remotely). It was important for us to
understand how having our equipment on-site will impact
Our supplier guidelines are informed by guidance and our customers energy consumption. We are always looking
standards from the following sources: for opportunities to reduce that impact.
Electronic Industry Citizenship Coalition
3. Auditing of equipment retirement: Bloomberg maintains a
International Labor Organization (ILO) Code of Practice philosophy of cradle-to-grave electronic equipment manage-
in Safety and Health ment. All customer equipment is leased and as such is
Universal Declaration of Human Rights returned to Bloomberg for reuse, refurbishment or end-of-life
disposition. Our equipment is our responsibility.
Social Accountability International (SAI)
Ethical Trading Initiative (ETI) In conjunction with performing these LCAs, we developed
engineering product guidelines to reduce the environmental
UN Global Compact (UNGC). impact of our equipment, including design, durability, recy-
As we move forward, upstream collaboration and compliance clability, and water use. The guidelines cover four areas:
with our expectations by our suppliersespecially those that Minimize use of hazardous materials and achieve compliance
manufacture our branded productswill be a significant focus with the EUs Restriction of Hazardous Substances directive
for Supply Chain and the Sustainability team. We have already Take full responsibility for our equipment and ensure it is
begun working with the non-profit BSR (Business for Social recycled in an environmentally benign way. We commit to
Responsibility) on revising our guidelines to be in line with the taking back our products from countries even if the local
EICC (Electronic Industry Citizenship Coalition). Alignment or federal laws of that country do not require us to do so
with the EICC principles will enable Bloomberg to leverage the
power of larger electronics companies, who are using their Improve energy efficiency and meet EPA Energy Star
considerable spend to influence manufacturers, to comply with requirements
best-in-class environmental, social and governance policies. E xtend the useful life of the terminal and design it
for recyclability.
GREENER EQUIPMENT
Bloomberg has conducted life-cycle assessments (LCAs) of As we implement improvements/changes to our customer-
our customer-facing equipment, for three main reasons: facing products, we will engage in further LCAs as necessary.

1. Understanding the impact of our equipment inputs: What

components of our equipment have the largest environmen-
tal impact? Once identified, can the offending components
be substituted for something more environmentally benign?

42 2012 Sustainability Report Bloomberg L.P. all rights reserved

Planet

ON-SITE AUDITS + GREENER EQUIPMENT

The Quality Assurance team, supported by an internationally
recognized third-party organization, audits Bloomberg manu- Conflict Minerals
facturing suppliers, with respect to their working conditions,
As a global enterprise and a good corporate citizen
safety, and worker compensation.
Bloomberg L.P. (Bloomberg) takes very seriously our role
Since early 2009, we have audited 7 suppliers. This represents in the global marketplace. As part of this effort Bloomberg
35% of our suppliers that produce parts, products or assem- is endeavoring to ensure that our supply chain, to the
blies of Bloomberg branded products. Five are suppliers of greatest extent possible, is free from conflict minerals,
electronic equipment, one is a supplier of marketing items, as defined in the United States Dodd-Frank Wall Street
and the fourth is a potential new supplier. These 7 suppliers
Reform and Consumer Protection Act. Bloomberg L.P.
represent Bloombergs largest Asia Pacific suppliers in terms
will be partnering with our supplier community to identify
of volume for Bloomberg-branded, custom-made, customer-
focused finished goods and major sub assemblies. We use potential areas of exposure to these conflict minerals
a risk-based approach to selecting suppliers that considers and striving to reduce/eliminate them from our supply chain
the following factors: going forward.
The location of the supplier
Other factors that indicate a high risk of substandard + IMPLEMENTING OUR STANDARDS
manufacturing conditions
Training Employees on the Guidelines
The volume of product they supply to Bloomberg
In 2012, Sustainability, with our Leadership, Learning and
The audits assess compliance in accordance with local labor Diversity department in Professional Development, devel-
and health and safety laws. Specifically they assess: oped online learning tools for employees in departments
Living accommodations who have high environmental impacts and guidelines in
place to help make sustainable decisions in their day-to-day
Machine safety and anything associated with worker safety
operations. Modules were created for employees in
Ventilation Facilities, Supply Chain & Purchasing, and all department
Eye wash and first aid availability members were required to take the training. Employees
were then required to score a passing grade on a quiz in
Fire safety
order to complete the module and fulfill their department
Accessibility to exits requirements.
Working hours, overtime, wages and minimum
health related benefits Training Completed
Age of employee. Introduction to Guidelines
Where necessary, we indicate corrective actions that suppliers 303 employees out of 307
must implement. Our current audit procedures do not take into
account environmental risks and assessments, but we are BGREEN Supply Chain Guidelines Training
working with the non-profit BSR, to revise our current audit
process. Additionally, we are mapping out our supply chain, 174 employees out of 180
labeling tier 1, 2 and 3 vendors, to ensure that we are review-
ing and auditing our suppliers in the most efficient and BGREEN Facilities Guidelines Training
appropriate manner. Our review will include an assessment of
our auditing process, an audit prioritization and escalation
81 employees out of 86
program, and the development of a robust supplier code of
BGREEN Purchasing Guidelines Training
conduct, borrowing from best-in-class industry standards.
52 employees out of 53

43 2012 Sustainability Report Bloomberg L.P. all rights reserved

Planet

IMPLEMENTING OUR STANDARDS

Bloombergs Environmentally Preferred Operating Guidelines,
provide environmental best practices in the 12 areas of the
Company that have significant environmental impacts.

1. Environmentally Preferred Purchasing Guidelines 7. Green Cleaning Policy The Green Cleaning Policy ensures
Bloomberg requires buyers to consider the impact of the the products we choose to clean our offices do not degrade
products and services we procure on the environment and indoor air quality, pollute the water or negatively impact the
human health. Buyers are obligated to give preference to more health of sensitive occupants. We avoid harsh solutions and
environmentally friendly products and services when quality and require our janitorial service contractors to use Green Seal
cost performances are equal or superior to current purchases. products in markets where they are available, or equally
environmentally benign products in markets where they
are not.
2. Sustainable Electronics Manufacturing Policy Sustainable
Electronic Product Manufacturing describes the practice of
designing, producing and distributing electronic products 8. Integrated Pest Management Policy Bloomberg has
that incorporate environmentally responsible materials and adopted Integrated Pest Management (IPM) programs and
practices, while drawing the minimum amount of power procedures to maintain a healthy indoor environment for all
necessary for its functioning. The manufacturer and designer building occupants. IPM is a process for achieving long-term,
have responsibility to account for environmental impacts environmentally sound pest suppression and prevention
throughout the entire life cycle of the product, from material through the use of a wide variety of technological and
selection to production, through recycling and disposal. management practices that reduce the need for chemical
application.
3. C orporate Green Design Policy Sustainable design consid-
ers the environmental impacts of products (i.e., packaging, 9. Sustainable Warehouse Guidelines Bloombergs ware-
printed materials, publications) throughout the products life houses are responsible for the storage, receiving and
cycle. Techniques for sustainable graphic design include the shipping of Bloombergs products throughout our entire
reduction of the amount of materials required for production, distribution network. As a result, warehouse operations
selection of safe and sustainably produced materials and inks, generate significant wasteincluding packaging materials,
and use of production and distribution methods that require obsolete equipment and trash associated with everyday
the least amount of transport. operations. This guideline covers proper disposal of waste,
including e-waste, energy efficiency, packaging and cleaning.
4. 3rd Party Printer Guidelines Bloomberg actively engages
companies that have made a commitment to proactive environ- 10. Sustainable Event Policy Sustainable event planning
mental responsibility. This extends to working with environmen- considers the environmental impacts of all types of events
tally conscious print vendors. Some of the requirements for (i.e., internal receptions, hotel trainings, exhibitions) from
external print vendors include using FSC-certified paper and/or inception to execution. This includes the choice of venue,
printers, avoiding environmentally harmful inks, utilizing duplex travel options, food preparation and consumption, printing
printing and having a stated preference for recycled content. of marketing material, vendor relations and shipments of
Bloomberg materials to and from the event.

5. Green Construction Policy The environmental impact

associated with construction activities can be mitigated by 11. Energy Star Policy To meet carbon-reduction goals and
utilizing sustainable materials, improving indoor air quality, make environmentally friendly purchases, new equipment
minimizing site disturbance and reducing waste. Global should be Energy Star rated where opportunities exist.
Facilities and Design is committed to developing and maintain- This rigorous policy is an integral part of Bloombergs
ing sustainable operations and facilities Companywide. carbon-emissions goals.

6. Waste Management Waste prevention has multiple interre- 12. Vehicle Leasing Guidelines Field Service provides leased
lated benefits. It reduces pollution at the source, conserves cars for technicians to visit customers where it is not
natural resources, minimizes waste generation, decreases practical to use public transportation because of response
purchasing costs and waste disposal fees, and reduces the times and/or equipment transport requirements.
amount of material that must be managed for recycling.
Reusing products minimizes waste and costs associated with
purchasing new products. Recycling keeps materials out of
the waste stream and reduces natural resource consumption.
All of this, taken together, reduces our overall operations and
maintenance costs.

44 2012 Sustainability Report Bloomberg L.P. all rights reserved

Planet

BLOOMBERG
WASTE & WATER

We work hard to reduce waste and to increase

recycling and composting. Sending waste to landfill
is a last resort.

WASTE AND RECYCLING

When waste is sent to landfills, the breakdown process Electronic equipment waste from our offices, returns from
produces methane, a powerful greenhouse gas. Our waste customers, redundant PCs, monitors, servers, broadcast
sent to landfill results in 1,237 metric tonnes of CO2e. This equipment and mobile phones
represents a 38% reduction from 2011, and a 50% reduction
In-house printing waste, including paper, ink and
from 2007, due primarily to a move to zero-landfill, waste-to-
press-cleaning liquid
energy disposal of all our waste in both New York City and
London. We calculate CO2e emissions from waste using the Pantry waste, specifically food waste, cans, plastic
methodology and conversion factors provided by the U.S. and glass containers, cutlery and bowls made from
Environmental Protection Agency. compostable material.
The main types of waste produced by Bloomberg are: Bloomberg now has compost programs in 6 offices (NY, SF,
General office waste, consisting mostly of paper and card- Skillman, NJ, Washington, DC, Arlington, VA, and Dayton, NJ)
board, ink and toner cartridges, cans and plastic containers and an additional 7 offices with back-of-house, partial composting.

Performance 2012 Compost, Recycling

Metric Tonnes
& Landfill Waste
3,000
6%
2,500 Paper
10%
2,000 E-Waste 4%
Mixed Recycling
14%
1,500 25% Cardboard 3%
Waste-to-Energy Plastic
1,000
10% under 1%
Compost Batteries
500 28% Light Bulbs
Landfill Other Metals
0 Aluminum
2007 2008 2009 2010 2011 2012 Glass

Composting Recycling* Landfill

* Implementation of reusable packaging and soda fountains in 2011 eliminated

significant recycling from our waste stream.

45 2012 Sustainability Report Bloomberg L.P. all rights reserved

Planet

54.5% of our employees sit in offices with compost programs. + WASTE AND RECYCLING
Our headquarters in New York City is one of the only commer-
cial office buildings in Manhattan with a full composting Zero-Waste Landfill London
program. Globally we composted 397 metric tonnes of waste
The London office sends nothing to the landfill. Trash is
in 2012.
either recycled/composted or converted into energy.
We have placed recycling bins for paper, cans and plastic in However, it is still useful for employees to sort their trash so
all our offices and pantries. Many of our employees have had that we can recycle the maximum amount of waste possible.
individual waste bins removed from under their desks, which Last year, London recycled and composted 464.1 metric
provides a unique opportunity to educate them about waste tons of waste and sent 58 metric tons to waste to energy.
segregation that we hope translates into their everyday lives.
The waste process is as follows:
The default setting on our printers is double-sided, which
helps reduce paper use. Dry, unsoiled waste is sent to a MRF (materials recovery
facility) that separates it out and is either recycled (plastic
SUSTAINABLE EVENTS bottles, spoons, etc.) or if nonrecyclable goes to waste to
Bloomberg conducts more than 5,000 events globally. These energy.
events have large impacts on waste, travel, electricity Dirty or soiled trash goes to a dirty MRF which is sent to
consumption and other environmental externalities. The waste to energy.
APEX/ASTM event standards are the first and only compre-
hensive standards for environmentally sustainable meetings We still encourage our employees to separate their waste,
administered and directed through a partnership of the in order to recover the highest percentage of recyclables
Convention Industry Council (CIC) APEX initiative and the possible and encourage recycling/sorting at home where
American Society for Testing Materials (ASTM) International. waste to energy processes may not be possible. While
The standards are composed of nine individual sectors waste to energy, while cleaner than landfill, recycling and
addressing the scope of the meeting and event-planning reusing is an even cleaner process. We also use waste
process. These 9 sectors are audio visual, accommodations, segregation as an employee-engagement opportunity as
communications, destinations, exhibits, food and beverage,
well, challenging our employees to transfer behavior learned
meeting venue, on-site office, and transportation. Bloomberg
at work to their homes and personal lives.
is currently working with Twirl Management to conduct a
review of our events against the Tier 1 requirements of the
standard.

SUSTAINABLE PANTRIES
Bloombergs pantries are the hearts of our offices and serve
as informal gathering places for employees. They provide free
drinks, fruits and snacks. Bloomberg sets targets to increase
our offerings of local, organic and bulk foods for sustainable
consumption. We also source cups, forks and plates made
from fully compostable materials in markets where compost-
ing is available (currently New York, New Jersey and San
Francisco). In 2012, 96.4% of all pantry waste was divertible
from landfills70.1% compostable and 26.3% recyclable.
Our biggest challenge is individual snack wrappers from
consumer goods companies. We are seeking alternative
packaging opportunities and to further our bulk food offerings
in order to minimize packaging waste. All primary Bloomberg
offices have eliminated bottled water.

46 2012 Sustainability Report Bloomberg L.P. all rights reserved

 OFFICE PANTRIES

BGREEN Pantry Waste BGREEN Pantry Sourcing

In 2012, 96.4% of all pantry waste was divertible, In 2012 80% of our pantry offerings were served
70.1% compostible and 26.3% recycleable. in bulk, 64% were sourced locally and 18% were
organically grown.

Composting Recycling Landfill Bulk Local Organic

100% 80% 60% 40% 20% 0% 0% 20% 40% 60% 80% 100%

731 Lexington

Skillman

Ridge Road

Washington DC

San Francisco

So Paulo

London

Frankfurt

Hong Kong

Singapore

Sydney

Tokyo

Dubai

Mumbai

100% 80% 60% 40% 20% 0% 0% 20% 40% 60% 80% 100%

47 2012 Sustainability Report Bloomberg L.P. all rights reserved

Planet

GREEN RESTAURANT ASSOCIATION (GRA) + PACKAGING

DINE GREEN CERTIFICATION
Bloomberg received Green Restaurant Association (GRA) Alternative-Based Fiber Packaging
Dine Green certification for our food service operations at In 2010, we assessed new packaging made from bio-based
our full-service cafeterias at our Skillman and Dayton (NJ)
materials, with testing of the packaging in 2011 and have
locations. GRA Dine Green is a comprehensive environmen-
subsequently concluded that the packaging is viable. In 2012
tal certification for food-service operations using guidelines
that holistically assess seven categories, including water Bloomberg began using Ecovative packaging, made of
efficiency, waste reduction and recycling, sustainable materials that are 100% biodegradable and primarily made
furnishings and building materials, sustainable food, energy, from agricultural by-products. The product is used to ship
disposables and chemical, and pollution reduction. Several our 19 flat panel heads. To date we have purchased more
initiatives have made this certification possible, including than 4,500 units of the packaging for customer shipments.
incorporating reusable trays, green cleaning policies, a
post-consumer composting program, and compostable
cutlery, plates, bowls, cups and straws.

PACKAGING REUSE AND RECYCLING

Our goal is to improve the sustainability of our product All Bloomberg equipment at customer sites is leased and
packaging by: returned at end-of-use, at which time the equipment is reused
by other customers, repurposed within the Company, refur-
Reusing packaging from inbound shipments whenever
bished for reuse or recovered for useful parts before the
possible
remaining materials are sent out to be reused or recycled in
Reducing the amount and weight of materials used some other form.
Replacing petroleum-based materials with those made from In 2012, customers returned 148,849 products to Bloomberg,
paper, cardboard and natural materials including PCs, flat panel monitors, keyboards and biometric
devices (B-Units). All the equipment was reused or recycled.
Redesigning packaging so more equipment can be trans-
ported in each load, thus reducing fuel use. In 2012, we conducted our second global assessment of our
equipment recycling suppliers in order to set standards and
Achievements to date include:
management processes designed to perform to prevailing
Introducing lightweight, reusable, air-filled transport environmental and labor standards. We contacted the 15
packaging companies worldwide that handle Bloomberg electronic
waste and obtained a response rate of 84%. The team, along
Removing Styrofoam from standard packaging
with the help of Legal & Asset Management, sent a certificate
for outbound shipments
of compliance seeking a signed promise that our partners
Reducing the weight of our keyboards have no violations or pending lawsuits that could jeopardize
themselves or Bloomberg. The certificate of compliance was
Using stand-alone packaging that no longer requires
accompanied by a questionnaire that covered topics ranging
insertion into larger mailing packages.
from third-party operational certifications to environmental
Whenever possible, these materials are sourced from insurance and auditing in order to evaluate environmental
recycled sources and fully recyclable. practices and policies. An environmental performance score
was then calculated based on answers to the questionnaire to
rank the environmentally responsible disposal of Bloomberg
products. This was then compared to the volume and weight
of materials received by a particular scrapper.

48 2012 Sustainability Report Bloomberg L.P. all rights reserved

 E-WASTE SCRAPPER ANALYSIS

We are partnering with the Basel Action Networks (BAN) e-Stewards certification
program. BAN is the worlds only organization focused on confronting the global
e-waste problem and its impacts on the environment and human rights. Bloomberg is
an e-Stewards enterprise and strongly encourages our global network of recyclers and
scrappers to become certified in the program, which is consistent with ISO 14001
procedures. E-Stewards pledge to use only globally responsible and safe means to
dispose of e-waste, meaning waste is not diverted to landfills or incinerators, no prison
labor is involved, and the waste cannot be exported to poor communities.

Score and Percent of Weight Processed

% of End-of-Life
Score Equipment
100 50
100 100

90 94 45
90 90 90 90
41.7% 88
85 85
80 40
80 80

70 73 35

60 29% 30

50 25
50

40 20

35
30 15
11.1%
10.7%
20 10

10 5
1.7% 1.4% 1.5%
0.7% 0.5% 0.8% 0.4%
0.1% 0.2% 0.1% .05%
0 0
es
1

le

ru

n
ia

an

ea

na
zi
ad

in

pa

or
U

ss
SA

SA

hi

Pe
ra

in
hi
r
st
nt

Ko
ap
C
an

Ja
Ru

pp
B

C
ki
U

ge

ng
Pa
C

ili
Ar

ut
Si

Ph
So

Weighted Average Vendor Score Average Vendor Score

2012 96% 2012 82%

2010 92% 2010 65%

by total weight scrapped

49 2012 Sustainability Report Bloomberg L.P. all rights reserved

Planet

This process revealed that: PERFORMANCE

Our initial target was to reduce our water use by 15 million
The average score of Bloombergs end-of-life electronics
gallons by 2013 vs. 2007 levels. After further analysis, we
scrappers and recyclers was a 96.1% on our environmental
determined this goal was too aggressive. We discovered our
assessment, when accounting for weight scrapped. This is
data center cooling tower operations had already incorpo-
an increase over the 91.8% score received in 2010.
rated optimal water-conservation techniques, and in the
Not accounting for weight scrapped, vendors scored on majority of Bloomberg offices, we are tenants in large
average 82% compared to 65% in 2010. buildings with limited authority to make significant water-
reduction investments. That said, there is still room for
All but three of our vendors were operating with a score
improvement and we have formulated a water-reduction
above 80 compared with 14 in 2009.
strategy expected to eliminate 8.7 million gallons, approxi-
mately 9%, of our water consumption by year-end 2013. We
We are taking the following steps to improve performance:
will achieve these reductions by:
Encouraging all global scrappers and recyclers to become
Retrofitting bathrooms in major offices with low-flow
e-Stewards certified. While our internal diligence efforts are
fixtures, more-efficient toilets and waterless urinals. Specifi-
necessary, it is more efficient for our scrappers to be certified
cally, we installed low-flow urinals, dual flushometers and
by a third-party industry-recognized standard. This remains
faster sink timers at 731 Lexington Avenue. We project
a challenge, particularly in Asia.
these projects save more than 4 million gallons annually.
Encouraging low-scoring scrappers and recyclers to adopt
Implementing water-reduction technologies in all new or
more environmentally friendly standards and become
refurbished offices where water fixtures are included in the
e-Stewards.
project scope. We have installed low-flow fixtures in San
Shifting more business to high-scoring providers. Francisco, London (38 Finsbury and Parkhouse), Dubai,
Skillman, NJ, Building 101, Hong Kong, Shanghai, Mumbai,
Performing our own on-site audit of partners or contracting
Seoul and Singapore. These water-conservation technolo-
a third party to audit.
gies are projected to save approximately 30% vs. traditional
fixtures. In many cases we also include signage highlighting
WATER USE
these efforts to increase employee education and aware-
Limiting and reducing water usage is a constant consideration
ness of water conservation.
throughout our organization. While accurately quantifying
the scale of our global consumption has proven challenging, Installation of a water softener at our New Jersey data
that does not impair the implementation of our global water- center designed to improve water quality, which enables the
reduction strategy. cooling towers to utilize water for longer periods, saving
1.7 million gallons annually.
We estimate we consumed 98 million gallons of water in 2012.
Given the nature of our operations (i.e., non-manufacturing),
our consumption is driven by our employees and facilities. We
recognize the importance of water conservation, particularly in
areas facing water scarcity, and have consistently capitalized
on opportunities to improve water-consumption efficiencies.

50 2012 Sustainability Report Bloomberg L.P. all rights reserved

 PERFORMANCE SUMMARY
BY DEPARTMENT

Percentage Reduction in CO2e and Net Savings

by Department 2012 vs. 2007 Baseline Intensity Absolute Department Savings

40% 20% 0% -20% -40% -60% -80% -100%

-62%
Waste Other $0
-37%

-96%
Pantry $0
-93%

-43%
Info Systems $10.8M
-5%

Facilities/Offices -33%
$9.5M
12%

Employee Business Travel -17%

$14.5M
33%

-31%
BLP Ink $.5M
-14%

-34%
Markets Magazine $3.5M Environmental impact management has resulted
-24% in reduced CO2e and significant operating cost
reductions from business as usual (BAU).
-9% CO2e Avoided CO2e Cumulative Net
Businessweek $65K Intensity from BAU Avoided Costs
-2% Reduction (20082012) (20082012)
31.5% 257K MT $43.9M*
-59%
Asset Mgmt $2.5M
-43%
*Net avoided costs
includes additional
-23%
Broadcast savings of $5.2M and
$267K expenses of $10.2M
-23% not represented here.

-35%
Networks $0
-19%

R&D Systems -37%

$0
20%

-49%
Facilities/Data Centers $7.2M
-2%

51 2012 Sustainability Report Bloomberg L.P. all rights reserved

 REGIONAL SCORECARD

Sustainability is a global issue that plays out in complex local environments. Our
local BGREEN squads in 13 regional offices drive efforts to identify local projects
around the world that reduce energy and waste, engage our employees and save
us moneyall while addressing local sustainability issues.

London Frankfurt
70 Pts. 53 Pts.
29 27 6 8 29 18.5 5.5 0

Skillman New York City

74 Pts. 66 Pts.
Hong Kong Tokyo
29 32 5 8 26 26 6 8 72 Pts. 79.5 Pts.
43 21 3 5 39 29.5 6 5
Washington DC
67 Pts. North
America
45 19 3 0

Europe,
Middle East
& Africa Asia Pacific
San Francisco
60.5 Pts. Latin America
28 27 5.5 0

So Paulo Dubai Mumbai Singapore Sydney

59 Pts. 63 Pts. 67 Pts. 73 Pts. 80 Pts.
26 21 7 5 31 28 4 0 45 19 3 0 41 24 3 5 45 25 5 5

100 Points Score Breakdown

45 Energy Efficiency 7 Other

55% of Bloombergs emissions are Local/organic pantry offerings, green
a result of energy consumption. cleaning practices and bike parking. Above Average

40 Waste Reduction 8 Employee Engagement Average

Diverting waste from landfills reduces Local volunteer opportunities and
emissions and engages all employees. environmental guest speakers. Below Average

52 2012 Sustainability Report Bloomberg L.P. all rights reserved

 KEY PERFORMANCE SUBMETRICS
2012 Actuals 2012 Targets

On-Site Renewable Energy

In 2012 we completed 2 solar installations generating more than
2.85M kWh annually1.2% of our global direct kWh. A third
installation planned for 2013 will generate an additional 755,000 29% On-site
kWh per year. Operational challenges and optimistic time lines
1% Generation
hindered our ability to achieve our original goal. We will be
revisiting our targets going forward.

Renewable Energy Credits

In 2012 we offset 87% of Bloomberg L.P.s global facility electricity
consumption with wind and biomass Renewable Energy Credits
(RECs). We review our REC strategy annually to determine if we 87% 90% Offset of
wish to maintain this level of commitment. All REC contracts are kWh Consumption
consolidated into annual purchases to save money.

External Energy Star Compliant

Our efforts include a commitment to providing our
100% 80% Customer
customers with energy-efficient equipment. In 2012, Facing Equipment
100% of PCs and Flat Panels shipped to customers
were Energy Star rated.

Internal Energy Star Compliant

Since 2008 Purchasing has been procuring Energy Star equip-
ment whenever applicable, with efforts compromised by existing 80% of Energy Star
contracts as well as limited commercial options and international 97% Eligible Purchases
availability. These roadblocks started to dissolve in 2010, and for
2012 97% of our purchases were Energy Star rated.

Paper Purchases
We have taken significant steps to limit office paper consumption
(duplex printers, education/awareness) but in 2012 have only 50% Less
realized a 39% reduction in office paper purchased vs 2007. 39% Paper Usage
Continuous process improvements, technology investments and
education will drive future reductions toward our goal of a 50%
reduction.

Recycled Content
In 2012, we increased office paper sourcing of FSC recycled-
content paper in EMEA and Asia, but the ammount decreased slightly 50% Average
in North America. Office paper weighted average post consumer 52% Recycled Content
waste (PCW) remains at 52%the same as 2011. In 2013, we will (Office Paper)
implement a paper-sourcing hierarchy, which will prioritize PCW
content in paper purchases, increasing overall PCW %.

FSC Certified
In 2012, 97% of Bloomberg paper was FSC certified, driven by full 80% of All
certification of Bloomberg Businessweek, Markets Magazine and 97% Purchased Paper
our NJ print shopBloomberg Ink. (Including Magazines)

Waste Diversion
In 2012 landfill waste was down 49% (70% per HC) from 2007,
and 72% of total waste was diverted from landfills. This success is
a result of aggressive recycling (37%), composting (10%) and 72% 50% Waste Division
waste-to-energy (25%) programs globally, significantly reducing
our landfill waste generation.

53 2012 Sustainability Report Bloomberg L.P. all rights reserved

PERFORMANCE BY THE NUMBERS
2012 vs. 2007 Baseline

Unit of measure FY12 FY11 FY10 FY09 FY08 FY07 % +/

Corporate Summary
Average Full-Time Employees 15,516 13,771 11,922 10,559 10,173 9,719 59.64%
Average All-In Employees 17,158 15,439 13,413 11,507 10,829 10,277 66.95%
Revenue ($Billion) 8.3 7.7 6.9 6.3 6.1 5.5 51.59%

Total Facilities
Metric Tonnes
Total Facilities CO2e 108,836 103,541 97,441 93,882 104,369 103,446 5.21%
(MT) of CO2e
Facilities CO2e/ MT/All-In
6.34 6.71 7.26 8.16 9.64 10.07 -36.98%
All-In Employees Employees
Kilowatt Hrs.
Electricity Consumed 265,604,894 254,335,093 241,728,076 232,320,574 238,378,317 226,768,598 17.13%
(kWh)
Electricity Consumed/ Kilowatt Hrs./
15,480 16,474 18,022 20,189 22,012 22,065 -29.84%
All-In Employees All-In Employees
Gross CO2e from
MT of CO2e 101,948 97,010 93,464 90,210 100,069 100,170 1.77%
Electricity
Electricity CO2e/ MT/All-In
5.94 6.28 6.97 7.84 9.24 9.75 -39.04%
All-In Employees Employees
CO2e from
MT of CO2e 6,888 6,532 3,977 3,672 4,299 3,276 110.29%
Non-Electrical Power

Business Travel
Total Travel Miles Traveled 125,702,325 119,139,331 110,402,214 87,012,895 81,207,317 79,504,227 58.11%
Travel CO2e MT of CO2e 29,549 32,470 31,460 25,001 23,093 22,245 32.84%
Travel CO 2 e/ MT/FT
1.90 2.36 2.64 2.37 2.27 2.29 -16.79%
Full-Time Employees Employees
Inter-City Travel Miles Traveled 118,848,680 112,862,561 104,580,550 81,698,229 75,712,465 73,641,875 61.39%
CO2e from
MT of CO2e 27,124 30,196 29,364 23,087 21,021 20,032 35.41%
Inter-City Travel
Intra-City Travel Miles Traveled 6,853,645 6,276,770 5,821,664 5,314,666 5,494,852 5,862,352 16.91%
CO2e from
MT of CO2e 2,425 2,275 2,096 1,914 2,072 2,213 9.60%
Intra-City Travel

Paper Consumption
Global Paper Lbs. of Paper
24,259,564 23,927,091 21,443,326 5,257,805 5,408,281 5,681,246 327.01%
Consumption Used
Global Paper CO2e MT of CO2e 31,911 35,706 32,138 7,141 7,955 8,452 277.56%
Bloomberg Markets Lbs. of Paper
3,665,253 3,665,929 3,384,192 3,364,411 4,523,035 4,694,031 -21.92%
Consumption Used
Bloomberg Markets
MT of CO2e 4,851 5,333 4,778 4,573 6,922 7,183 -32.47%
CO2e
Businessweek Lbs. of Paper
18,815,850 19,319,893 17,423,537 1,176,850 n/a n/a -
Consumption Used
Businessweek
MT of CO2e 24,992 29,340 26,664 1,801 n/a n/a -
CO2e
BBNA Publishing Lbs. of Paper
928,723 232,181 n/a n/a n/a n/a -
Consumption Used
BBNA Publishing CO2e MT of CO2e 1,177 294 n/a n/a n/a n/a -
BLP INK Lbs. of Paper
521,594 409,645 323,098 239,877 339,562 481,517 8.32%
Consumption Used
BLP INK CO2e MT of CO2e 518 419 297 214 380 694 -25.35%
BLP Press Lbs. of Paper
n/a n/a n/a 196,077 279,140 184,000 -
Consumption Used
BLP Press CO2e MT of CO2e n/a n/a n/a 246 374 245 -
Global Office Paper Lbs. of Paper
328,144 299,443 312,499 280,590 266,544 321,698 2.00%
Consumption Used
Global Office Paper
MT of CO2e 372 320 399 307 279 329 13.01%
CO2e
Global Office Paper/ Lbs. Used/All-In
19.12 19.40 23.30 24.38 24.61 31.30 -38.90%
All-In Employees Employees

54 2012 Sustainability Report Bloomberg L.P. all rights reserved

Peformance by the Numbers (continued)
2012 vs. 2007 Baseline
Unit of measure FY12 FY11 FY10 FY09 FY08 FY07 % +/v

Supply Chain
Total Shipments CO2e MT of CO2e 25,064 25,092 24,293 7,282 6,593 7,225 247.32%
Total Items Shipped # of Line Items 487,280 484,568 474,454 422,394 436,664 411,884 18.31%
Total Weight Shipped MT Shipped 6,841 6,757 6,652 12,647 10,531 8,535 -19.85%
Weight of Ground/
MT Shipped 6,284 6,350 6,328 12,163 10,026 7,892 -20.37%
Sea Shipments
Ground/
MT of CO2e 1,127 1,102 1,101 1,606 1,639 1,868 -39.70%
Sea Shipments CO2e
Weight of Air
MT Shipped 556 406 324 484 505 643 -13.50%
Shipments
Air Shipments CO2e MT of CO2e 985 629 585 819 1,070 1,482 -33.57%
Markets Magazine
Annual Print Run 5,712,741 5,136,838 4,689,485 4,500,351 4,812,982 4,800,220 19.01%
Distribution
Markets Magazine
MT of CO2e 3,589 3,991 3,784 3,632 3,884 3,874 -7.36%
Distribution CO2e
Businessweek
Annual Print Run 54,028,043 50,926,573 50,455,465 3,043,697 n/a n/a -
Distribution
Businessweek
MT of CO2e 19,364 19,370 18,823 1,226 n/a n/a -
Distribution CO2e

Waste
Total Global Waste MT of Waste 4,110 3,735 4,613 4,306 4,419 n/a -
Diverted Waste/
% of Total Global
Total Global 72% 51% 59% 55% 51% n/a -
Waste Diverted
Waste
Global Landfill Waste MT of Waste 1,140 1,820 1,881 1,932 2,144 2,256 -49.47%
Global Landfill Waste/ Kg Waste/
66 118 140 168 198 220 -69.73%
All-in Headcount (HC) All-in HC
Global Landfill
MT of CO2e 1,253 2,000 2,067 2,123 2,357 2,479 -49.47%
Waste CO2e
Global Waste-to-
MT of Waste 1,031 107 n/a n/a n/a n/a -
Energy
Global Recycling MT of Recycling 1,512 1,409 2,545 2,276 2,240 n/a -
Global Recycling/ Kg Recycling/
88 91 190 198 207 n/a -
All-in Head Count All-in HC
Global Compost MT of Compost 427 398 186 98 35 n/a -
Global Compost/ Kg Compost/
37 36 19 16 8 n/a -
Applicable Head Count Applicable HC

Total CO2e Reconciliation 196,613 198,810 187,399 135,430 144,367 143,846 36.68%
CO2e/$1M of Revenue 23.82 25.93 27.27 21.65 23.58 26.41 -9.83%
CO2e/FT HC 12.67 14.44 15.72 12.83 14.19 14.80 -14.38%

COMMENTS: Avg. All-In Employees includes Part-Time, Contractors, etc.; Electricity Consumed includes
all components of Facilities (R&D, IS, Networks); CO2e from Non-Electric Power includes Natural Gas,
Steam, Oil, Refrigerants; Inter-City Travel (Between Cities) includes Commercial Air, Private Aircraft and
Rail; Intra-City Travel (Within Cities) includes Car Rental, Car Service, Taxi and Field Service Car miles;
Businessweek Consumption: Businessweek Acquired December 2009; BBNA Publishing Consumption:
BBNA Acquired September 2011; BLP Press Paper Consumption: BLP Press discontinued in-house
year-end 2009; Supply Chain includes BLP INK shipping data; Weight of Ground/Sea Shipments includes
BBNA Ground Distribution; Businessweek Distribution began in December 2009; Diverted waste is
waste that is recycled, composted or sent to Waste-to-Energy; Landfill Waste is any waste that cannot
be recycled or composted or sent to Waste-to-Energy; Waste-to-Energy began in London in 2011 and
731 Lexington in 2012; Global Recycling does not include recycling CO2e (E-waste, metals, paper, plastic,
cardboard, aluminum, and glass); Global Compost: Composting in 731 Lex (6,639 HC), Skillman and Ridge
Rd. (1,426 HC), Washington, DC (338 HC), SF (244 HC), London (2,904 HC) and Beijing (69 HC).

55 2012 Sustainability Report Bloomberg L.P. all rights reserved

 PEOPLE
Bloomberg is about people. We rely every day on the dedication and inventive
spirit of our employees in our mission to be the premier provider of key
information for business, finance and public affairs around the world.

Bloomberg does more than provide employment; our employees, to serve our customers and enhance
it nurtures careers. Despite continuing economic the communities in which we live and work. We
uncertainty, Bloombergs workforce grew 55% continue to strive for a more focused vision of strate-
between 2007 and 2012 to 15,683 employees. gic philanthropic that finds substantive harmony with
our business objectives.
Our philanthropic giving and employee engagement
initiatives are designed to support our business.
ENVIRONMENT & ENGAGEMENT
We aspire to a holistic approach that reflects the
Employee engagement programs like BGREEN,
Companys culture and efforts to provide our employ-
Best of Bloomberg, and THE <B> ALL sustain a
ees a truly fulfilling work experience. We actively
vibrant and energetic workforce. While our efforts
encourage our employees to join us in improving the
have yielded a strong and stable platform, we face
environment and quality of life in the places where
the challenge of keeping our programs fresh with
they live and work. Through volunteerism and chari-
an eye toward engagement with the harder-to-reach
table giving, we help employees become well-rounded
segments of our population.
corporate citizens who understand how their actions
within and outside the workplace have real value
EMPLOYEES
beyond our business.
Bloombergs value lies in its employees. While we
We believe that engaging employees in these continue to develop our ability to enrich our employ-
opportunities enables them to excel personally and ees lives through programs like BWELL, leadership
professionally and contributes to a thriving, dynamic development, and professional networks for women
and inclusive workplace. and underrepresented groups, we must go further
to measure our impact through value creation for the
CORPORATE LEADERSHIP business, which would itself enable the continued
Bloomberg doesnt follow; it seeks to lead. As we investment in these programs.
continue to seek opportunities to get ahead of the
curveas we have in conducting an ESG assessment CORPORATE POLICY
of the Companys 401(k) plans, for examplemaintain- Our corporate policies are comprehensive and
ing a cohesive, forward-looking perspective remains a we strive to make certain that employees are well
challenge that requires close communication across informed through a variety of channels, including Town
our executives, managers and employees. Halls, electronic messages, and our online news and
human resources portals. Nevertheless, communica-
GIVING tions is a dynamic and ongoing challenge that forces
Our philanthropic programs seek to increase the us to be more sensitive not only to how much informa-
impact of Bloombergs corporate giving by using our tion is disseminated but also to how well it is utilized
unique expertise in the worlds of business, media and and to what extent the information is actionable.
technology as well as the energy, passion and skills of

56 2012 Sustainability Report Bloomberg L.P. all rights reserved

People

BLOOMBERG
CORPORATE LEADERSHIP

Leadership means being on the edge of innovation and

maintaining a forward-looking perspective in all that we do.
Its a common theme across all of our initiatives and threads
throughout our various departments.

SUSTAINABLE INVESTING
Sustainable investing refers to the proactive consideration + SUSTAINABLE INVESTING
of Environmental, Social and Governance (ESG) factors in
investment processes. As evidence grows regarding ESGs
role in companies performance, risks, and opportunities,
investment managers are increasingly incorporating ESG
considerations into their decision making. In alignment with our
customers priorities, and reflecting the depth of our commit-
ment to sustainability, we worked with Mercer to assess how
funds available in the Bloombergs 401(k) Plan consider ESG
in their investing strategies. Each investment manager was
evaluated on his/her investment-integration strategy for ESG,
active ownership and engagement efforts, and firmwide
commitment to sustainability principles. Information on fund
assessments is now available for employees on internal HR
web pages. Its another opportunity Bloomberg offers to
employees who seek to extend the Companys commitment to
better understand the broad impact of sustainability issues.
+ ELECTRIC CHARGING STATIONS
ELECTRIC CHARGING STATION
The demand for electric vehicles is expanding in the United
States. Through the Workplace Charging Challenge, recently
announced by President Obama, the Department of Energy is
joining the effort to increase access to charging stations in the
workplace, thereby increasing the affordability and conve-
nience of plug-in electric vehicles (PEVs). Bloomberg got
ahead of the curve with the installation of an electric car
charger in our Skillman, New Jersey, office in April 2012. This
installation had the desired effect of swaying a number of
employees to purchase alternative fuel vehicles. In a survey
conducted by the Sustainability team, 55% of the employees
who responded said that the car-charging station might yet
influence their decision to purchase a PEV.

57 2012 Sustainability Report Bloomberg L.P. all rights reserved

 CASE STUDY
SOLAR HOME RECOVERY PROJECT
Bloomberg Philanthropy, Bloomberg New
Energy Finance and Bloomberg Businessweek
collaborate to help post-tsunami Japan.

The coastal city of Ofunato in northeast Japan was Bloomberg is a longstanding partner of Habitat for
nearly leveled by the devastating 2011 tsunami that Humanity, and we reached deep into our corporate
crested at 23 meters and penetrated up to 3 kilometers assetsincluding business units like Bloomberg New
inland. The resulting surge carried decimating debris, Energy Finance, which provided the market overview and
including thousands of logs awaiting export that were expertise as it relates to solar in Japanto support this
transformed into battering rams as they were swept project. Continuing previous collaborations between the
through densely populated areas. Philanthropy team and Bloomberg Businessweek, a
special 10-page section on Habitat for Humanitys
With nearly a quarter of its homes in ruins, the city
reports on the reconstruction and development efforts
embarked on a massive rebuilding effort. Bloomberg
was published in the magazines late-October interna-
joined forces with Habitat for Humanity and Hilti, a
tional edition. Five percent of all advertising revenue from
technology provider for the global construction industry,
this edition was donated to Habitat for Humanity in
to equip residents of Ofunato with renewable energy
support of the project. By installing solar panels on
resources for new home construction. Dubbed the
homes, residents not only save on energy costs
Solar Home Recovery Project, the effort aims to install
(upwards of JPY 1 million across the entire project over
solar panels in up to 40 disaster-affected homes, with
10 years) but also can generate income by selling
the potential to scale the program depending on how it
excess electricity to the regional provider.
performs in its first run.
To learn more about the project, visit
www.habitat.org /asiapacific/news/2012/
10_22_2012_hfh_launches_solar_program.aspx.

Bloomberg
Result
Solar installations on
Bloomberg Philanthropy 40 homes that save
Partners with Habitat for Humanity
on the effort
1,100,000 JPY per family
over 10 years

Bloomberg New Energy Finance

Advises on the solar strategy includ-
ing expertise in Japans solar market
policies and trends

Ofunato
Bloomberg Businessweek
Publishes a special section in the
international edition, highlighting
Habitat for Humanitys project, and
5% of all ad revenue from the issue
is donated in support of the project Habitat For Humanity
Develops the Solar Home Recovery
Project, a post-tsunami effort to
rebuild the coastal city of Ofunato
in northeastern Japan

58 2012 Sustainability Report Bloomberg L.P. all rights reserved

People

BLOOMBERG
GIVING
Bloombergs philanthropic focus on the arts, education, health and medical
research, the environment, and human services is amplified by the active
engagement of Bloomberg employees, who are encouraged to give generously
of their time and talent. Whether through Bloomberg-sponsored charities and
programs or on their own, volunteerism, fund-raising, and community service
are deeply ingrained in our Companys DNA.

GRANT GIVING ALIGNING OUR PHILANTHROPIC

A commitment to giving back to the communityembedded AND SUSTAINABILITY EFFORTS
within the Company from its foundinghas ensured that our Bloomberg continues to align its philanthropic and sustainabil-
operational and employee efforts around the environment ity efforts. In response to our stakeholder engagement
achieved early success and adoption. We donate money, time, process, we have convened an internal Corporate Citizenship
and expertise to help charities and nonprofit organizations Vision group to better coordinate social initiatives across the
globally. Employees are encouraged to pursue their charitable Company. We are also poised to assess and incorporate
interests through our philanthropic efforts, thereby helping to results of a study by the Boston College Center for Corporate
develop the next generation of volunteers and philanthropists. Citizenship on how to define, plan and execute our corporate
giving in alignment with our sustainability-related objectives.
To that end, we have focused our sustainability-related

+ GLOBAL PHILANTHROPY

Our Focus Bloombergs global philanthropy is focused on five core areas:

Arts Initiatives Environmental Organizations

that focus on innovation, access that support the Companys sustainability
and education efforts and preserve the worlds natural
resources
Education Initiatives
that advance academic achievement Human Services Programs
that empower the disadvantaged to
Health and Medical Research strengthen their communities
to improve public health and eradicate
life-threatening diseases

59 2012 Sustainability Report Bloomberg L.P. all rights reserved

People

philanthropy on supporting the development of sustainable ENCOURAGING GREATER GIVING

capitalism, which extends the foundational structures of
Employee Matching Program
capitalism to account for sustainability challenges like climate
and Dollars for Your Hours
change, resource scarcity, demographic shifts and the
Employees can leverage up to $10,000 for charity through two
volatility that results from the interaction of these factors on
programs: the Employee Matching Program, which matches an
a global scale.
employees contributions up to $5,000 per year, and Dollars
We support organizations like the Global Reporting Initiative, for Your Hours, which rewards volunteerism by making up to
which aims to standardize sustainability-related disclosures, $5,000 available for contribution to a registered charity if the
and the Sustainability Accounting Standards Board, which is employee volunteers 25 or more hours a year. Through these
developing metrics that clarify the quantitative links between programs, Bloomberg donated more than $2.5 million on
sustainability performance and financial outcomes. We are behalf of its employees in 2012.
also seeking to support efforts to price ESG externalities,
Disaster Relief
which would enable the incorporation of as yet unpriced
When disaster affects our communities, customers, and
resources (like ecosystem services) into market mechanisms.
employees, Bloomberg is there to provide critical resources to
In short, our sustainability-related philanthropy is aimed at
aid recovery. In 2012, Superstorm Sandy devastated parts of
accelerating the financial and quantitative maturation of the
the tri-state area, home to Bloombergs global headquarters.
sustainability sector.
The Companys disaster-relief efforts included direct grants
Ultimately, our giving supports our sustainability goals in and employee donation matches to nonprofit first responders
specific areas we feel best allocate our expertise and influ- such as the American Red Cross, Mayors Fund to Advance
ence while addressing both local issues and broader systemic New York City and the New York Community Trust. In addition,
challenges. Bloomberg employees earned Dollars for Your Hours, provid-
ing assistance to ravaged coastal communities by volunteering
in cleanup and rebuilding efforts. In December 2012, Bloom-
berg responded to destruction in the wake of Typhoon Bopha
in the Philippines, with grants and matching donations to
2012 Employee Match Program Habitat for Humanity and the International Red Cross. Last
year alone, 702 employees globally generated nearly $70,000
Region # Employees (unique) $ Matched in disaster relief matches.
Races and Walks
North America 728 $635,656
Our philanthropic giving includes sponsoring employees
Latin America 16 $3,427 participation in cause-related races and walks, raising key
funds for important medical research. Bloomberg helps its
Europe/EMEA 71 $187,253
employees support causes they care about, matching partici-
Asia Pacific 26 $42,410 pating employees fund-raising efforts. In 2012, Bloomberg
supported 759 employees at events such as the Bike MS ride
Total 841 $868,746
and the Susan G. Komen Foundations Race for the Cure.
These races and walks not only demonstrate the Companys
commitment to health and wellness but also are great team
2012 Dollars for Hours building opportunities for employees.
Region # Employees (unique) $ Matched Hot Tickets
Bloomberg also provides vital support to nonprofit organiza-
North America 325 $1,205,360
tions through its support of charitable and cultural events.
Latin America 0 $0 Through our unique Hot Tickets program, employees enjoy
complimentary tickets to these events on a first-come, first
Europe/EMEA 70 $275,953 served basis, which provides first-hand exposure and encour-
Asia Pacific 63 $161,305 ages greater involvement in these organizations.

Total 458 $1,642,618

60 2012 Sustainability Report Bloomberg L.P. all rights reserved

 ORGANIZATIONAL SUPPORT

A culture of giving back to the communityembedded within

the Company from its foundinghas ensured that our operational and
employee efforts relating to the environment achieved early success and
adoption. We contribute money, time, and expertise to help charities and
nonprofit organizations globally. We encourage our employees to pursue
their charitable interests through our philanthropic efforts, thereby helping
to develop the next generation of volunteers and philanthropists.

1
5
10
171
44 10
13
49
363
108 3
108 Asia Pacific
22 83 Total Organizations

23
92
42

Europe, Middle East

70
146
& Africa
247 Total Organizations
515

North America & Latin America

950 Total Organizations

1,280
ORGANIZATIONS
WORLDWIDE

225
201

112 124
103
Arts Civic/Journalism Education Environment Health Human Services

61 2012 Sustainability Report Bloomberg L.P. all rights reserved

People

BLOOMBERG
ENGAGEMENT

Bloombergs efforts to give back empower a vibrant culture of

volunteerism and community service. Those who exemplify Bloombergs
values through outstanding performance are lauded through our
recognition and rewards programs like THE <B> ALL and APPLAUSE!

SUSTAINABILITY ENGAGEMENT IMPROVING OUR COMMUNITIES

Meeting our environmental objectives depends to a large In addition to the Sustainability groups efforts, Employee
extent on engaging our employees in our BGREEN efforts. Engagement provides an array of community-service opportu-
nities that enable our employees to have an impact in their
Our global BGREEN communications campaign is designed
communities while supporting their professional development.
to inform employees about our environmental strategy and
Our engagement and recognition programs are global, with
encourage them to support sustainability both at work and
key hubs of activity in New York, Sao Paulo, London, Hong
home. Part of our approach is to form BGREEN squads in
Kong, and Singapore. Bloomberg also recognizes employees
larger offices around the world. Squads keep track of location-
who go above and beyond their day-to-day roles through
specific issues and needs that would be recognized only by
exceptional community service and business accomplish-
engaged employees in each location. Through regular calls
ments. Capacity building, community empowerment and
with the Sustainability group in New York, BGREEN has
strategic partnerships are critical to the success of our
successfully implemented initiatives such as e-waste drives,
programs and to the way we partner with direct-service
a productive apiary in the London office, and securing high-
organizations across the globe. These initiatives are developed
profile speakers for employee Lunch and Learn sessions.
in conjunction with our nonprofit partners as well as internal
With a focus on sustainability themes of food, water, energy, groups such as Philanthropy, Leadership, Learning & Diversity,
and mobility, we also aim to educate our workforce about Sustainability, Recruiting and the business units.
sustainable practices that can be adapted at home. A regional,
Employee Engagement initiatives are open to all Bloomberg
on-the-ground perspective through BGREEN squads is also
employees. Engagement underscores Bloombergs efforts to
useful in this context. Our commitment to sustainability helps
be a responsible corporate citizen and active member of the
us attract and retain talented, forward-thinking people.
global community by bringing corporate volunteers and
community members together to serve, mentor, teach, lead and
improve the lives of those in need.

62 2012 Sustainability Report Bloomberg L.P. all rights reserved

People

OPPORTUNITIES TO VOLUNTEER RECOGNITION AND REWARDS

Bloombergs volunteer service program is a reflection of Bloombergs employee recognition programs, which include
founder Mike Bloombergs commitment to giving back to the THE <B> ALL, APPLAUSE!, and Tenure Recognition, are
communities in which we live and work. Volunteer service at designed to reinforce innovation, commitment, and business
Bloomberg encompasses everything from one-off service contributions:
projects to multiyear initiatives that take place on the employ- THE <B> ALL is a daily program that highlights innovation,
ees personal time. high-impact ideas, actions, and successes led by employees
Bloomberg provides a wide range of volunteer opportunities, in the following categories: Business & Technology Innovator,
which are coordinated through the Companys philanthropic Customer & Culture Champion, News Maker and Sales
partnerships: Driver.

Best of Bloomberg (BOB) Volunteer Program offers The APPLAUSE! Employee Recognition Program celebrates
monthly volunteer opportunities that align employees colleagues who are role models to inspire others around the
interests with Bloombergs corporate citizenship initiatives Company. APPLAUSE! celebrates colleagues who demon-
(diversity, philanthropy, sustainability and wellness). It also strate exceptional passion, advocacy and commitment, and
offers employees the opportunity to participate in cause- make a measurable difference in achieving the goals of an
related events, raising awareness and funds for key environ- organization or cause. APPLAUSE! highlights citizenship
mental and social issues. initiatives and achievements in the areas of community
service, the environment and employee development.
Leadership Programs provide innovative opportunities for
employees to expand and apply their leadership competen- The Tenure Recognition program recognizes employees who
cies and help build the capacity of our nonprofit partners. achieve service milestones. As part of this initiative, employ-
ees with 10, 20, 25 and 30 years of service receive a pylon
Mentoring Programs allow corporate volunteers to establish to commemorate the milestones.
meaningful, sustained relationships with young people and
adults from various backgrounds. Employees
In 2012 alone, more than 5,000 employees from 83 cities
Skills-Based Programs allow individuals or groups to
donated approximately 32,000 hours of volunteer service
capitalize on personal talents, core business skills, and/or
their experience in volunteer service. We partnered with more than 185 charities globally
We have recognized 255 winning stories and 2,850 unique
individuals since THE <B> ALL launched in September 2011

2012 Volunteer Hours More than 200 APPLAUSE! awards have been presented to
employees since 2009
Volunteer
Region # Employees (unique) More than 3,600 employees have been recognized for
Hours
North America 2,999 19,482
achieving milestone years at the Company (10, 20, 25,
or 30 years).
Latin America 128 721

Europe/EMEA 1,247 5,566

Asia Pacific 723 6,028

+ RECOGNITION
Total 5,057 31,797
Beautifully Redesigned Bloomberg
Anywhere iPhone App
Multiple teams enhanced the look, feel and functionality of
the Bloomberg Anywhere iPhone app, strengthening
Bloombergs reputation as an innovator and meeting the
needs of over 17,500 mobile customers. The apps
technological advances enrich user workflow and shorten
time-to-market for the release of new features. The teams
work earned them THE <B> ALL Business & Technology
award for March 2012.

63 2012 Sustainability Report Bloomberg L.P. all rights reserved

People

BLOOMBERG
EMPLOYEES

Healthy employees make for a healthy company, which is why

Bloomberg invests in comprehensive benefits, wellness, inclusion
and training programs. Strengthening our workforce is not just
the right thing to do; its also a business imperative.

BENEFITS
Bloomberg is investing in benefits, programs and initiatives PHAs can assist with the following:
that replenish employees energy, helping them stay healthy Finding doctors, specialists, hospitals and treatment centers
and achieve a sense of well-being both on and off the job.
Clarifying insurance plan coverage
We believe that encouraging healthy lifestyles improves Untangling medical bills, uncovering errors, and negotiating
productivity and reduces absenteeism. As a largely office- fees with service providers on behalf of employees
based organization, the main health and safety risks to our
Helping estimate costs for medical procedures
people are stress- and ergonomic-related injuries.
Locating elder-care and care-giver support resources
Bloomberg has taken significant steps to ensure that employ-
Researching and explaining conditions and treatment
ees have access to the best health care possible. And as we
options.
continue to expand globally, we remain focused on delivering
competitive benefit programs in diverse environments to attract, To improve the benefits experience, in 2012 Bloomberg
engage, and retain employees, while controlling costs and enhanced its benefits enrollment portal to give employees
improving operational efficiencies. In order to further develop better insight into their benefits and reduce paper enrollment.
our global benefits strategy, we undertook a benchmarking The new portal allows employees to make benefit elections,
exercise in 2012 with an external benefits consulting firm, update/view beneficiaries and review their benefits year
identifying any gaps in coverage and opportunities for benefits roundall without the use of paper.
enhancements in the U.S., Brazil, Mexico, Argentina, Canada,
Our worldwide Employee Assistance Program is a key support
UK, France, Germany, Spain, Italy, Israel, South Africa, Hong
service for employees that includes onsite counseling at some
Kong, Japan, Singapore, China, India and Australia. Leveraging
locations. The program helps people address issues at work or
this comparative data to determine where to focus and refine
home that might interfere with their ability to perform their work.
our strategy within specific country benefits reflects our
In the U.K., we conduct stress risk assessments when required.
ongoing commitment to building the value that our benefits
programs should provide to our employees. The Business Travel program helps keep employees safe and
healthy when traveling on business. The program provides
As part of Bloombergs generous health care package, we offer
medical benefits abroad, accidental death and dismemberment
U.S. employees access to Health Advocate, an independent,
insurance, and certain travel expenses. In an emergency,
third-party, telephonic resource that helps employees navigate
employees can call a toll-free International SOS helpline that is
health care and insurance issues. It is available at no cost to
available 24 hours a day, 7 days a week to:
spouses or domestic partners, dependent children, parents
and parents-in-law. A Personal Health Advocate (PHA)typi- Request emergency medical transportation and evacuation
cally a registered nurse, supported by medical doctors and Get help locating hospitals or medical care
benefits and claims specialistsprovides answers regarding Obtain health advice
medical, hospital, dental, mental health, medication or other
Get help replacing lost or stolen travel documents
health care or insurance-related questions.

64 2012 Sustainability Report Bloomberg L.P. all rights reserved

People

Receive translation services and referrals to local interpreters Wellness incentive programs covering smoking cessation,
Get legal assistance fitness and exercise, and participation in the Health Track
program
Request a transfer of emergency funds.
Subsidized gym memberships and weight-loss programs,
We conduct risk assessments and health and safety training
and discounts on health and wellness equipment
globally that are matched to specific roles. For example,
warehouse workers and field service engineers are trained An ergonomics program that includes in-depth training
to prevent injuries when handling bulky objects; for our office- followed by a self-risk-assessment. Individual action reports
based employees, we provide ergonomics training. resulting from this training are used to help employees
prevent and address ergonomic injuries
WELLNESS
CPR, first aid and AED training
In 2010, we launched BWELL, a global program designed to
improve the health and well-being of our employees and their Fitness and weight-loss challenges
families by promoting healthy living, preventive care and
Intensive wellness incubator program provides individualized
positive mental health, all with the aim of nurturing body and
support to a select group of high-risk employees, helping
mind. Since BWELL was introduced, many employees have
them to achieve their wellness goals
been able to identify early signs of serious illness and take steps
to make changes in their lives and obtain the care they need. Annual physicals, onsite screenings and preventive care
(e.g., flu shots)
In 2012, BWELL was expanded in the U.S. with a three-step
program called Health Track that includes a biometric screen- Disease and condition-management programs
ing, online health assessment and wellness consultation.
Onsite Health and Wellness Center with a pharmacy
Health Track provides essential information and recommenda-
concierge program
tions to employees about their health and risks for chronic
conditions like diabetes, heart disease and obesity. Focusing Onsite and telephonic wellness coaching
on prevention is an important lever in managing health-care
Community Supported Agriculture (CSA) program
costs and it keeps our employees healthy, engaged and
productive. On-site physiotherapy services with an additional consulting
room for screenings
The BWELL program includes:
Drop-in clinics and workshops that inform employees about Lactation and quiet rooms
general health topics, ways to stay fit and manage stress, Bike-to-Work program, sports teams and leagues.
including on-site yoga and meditation sessions, and clinics
for runners and walkers

Wellness Program
HEALTH 
EMPLOYEE SCREENINGS
TRAINING 6,700 employees
237 employees trained provided with on-site
in health and safety health screenings

FLU SHOTS
3,380 employees WELLNESS 
provided with on-site EVENTS
flu shots 8,389 employees served
with 236 wellness event
opportunities

65 2012 Sustainability Report Bloomberg L.P. all rights reserved

 LOCAL AND SEASONAL CHOICES

A healthy life starts with healthy habits. And Bloomberg has created two programs that
bring local and sustainable foods directly to our employees, providing them with the
education and opportunity to support local farms while developing healthy eating habits
they can share with their families at home.

Community-Supported Agriculture BFresh Garden

Community-Supported Agriculture, or CSA, is a network Partnering with our Food Service provider, Aramark, at our
of consumers who purchase seasonal produce directly New Jersey campus, Bloomberg began growing our own
from a local farmer. Bloomberg began providing a CSA vegetables in the B-Fresh Garden. 2012 was our most
program to its New York employees in 2011 through a successful year, with a crop of more than 1,300 pounds of
Wellness and Sustainability collaboration. Our 2012 CSA fresh vegetables, nearly 800 pounds more than the
consisted of 188 purchased shares and 230 employee previous year. We grow more than 20 different types of
participants. Through a follow-up survey, we were delight- vegetables and herbs. Not only do we provide our employ-
ed to find that participation in the CSA led to increased ees with local seasonal vegetables; we provide our
cooking at home and healthier lifestyles. Feedback has employees with workshops and volunteer opportunities to
been positive with 100% of participants rating the work in the garden and learn how to grow their own
program as successful or very successful. vegetables at home.

Lettuce
457 Pounds
Harvested

OVER 1,300 POUNDS

HARVESTED
Tomatoes Contributed to a Green Restaurant
Association Dinegreen Certification for
238 our Skillman facility food operation.
Peppers Squash
239 161
Cucumbers
69
Herbs
56 Eggplant
20
Cabbage Brussels
32 Beans Sprouts
21 Broccoli 16 Kale
20 Chard
12 10

66 2012 Sustainability Report Bloomberg L.P. all rights reserved

People

DIVERSITY AND INCLUSION + DIVERSITY

Bloomberg believes that a diverse workforce is essential to
innovation and competitiveness. Our inclusion and diversity Women In News Coaching Program
strategy harnesses the power of our Companys demographic
In 2012, Bloomberg launched a pilot Women in News
diversity to drive business success while maintaining an open
Coaching program to explore the leadership potential of
culture.
women in the News organization. The program had four
As Bloombergs global client base becomes more diverse, primary goals:
substantial portions of our growth will come from leveraging
increasingly far-flung markets. Indeed, emerging markets are A
 ssess the leadership strengths of female managing
the fastest growing segment for Bloomberg and we must be editors and determine areas for growth
knowledgeable and sensitive to our clients rich and varied
H
 elp talented female professionals address challenges
cultures, norms and business practices.
so they are able to grow personally and professionally
Research confirms that diverse, heterogeneous teams gener- throughout their careers
ate greater creativity, innovation and product development.
We are cognizant that a culture of inclusion maintains, nurtures Help
 female news professionals attain the highest levels
and drives workforce diversity by fostering the exchange of of engagement and productivity in their lives and work
ideas and collaboration among individuals and across groups.
P
 osition and support female managing editors to move
Fully valuing the contributions of all employees enables us
up the ranks into executive editor roles.
to capitalize on the strength and competitiveness of our
Company. Simply stated, our continued success depends Nine female managing editors participated in a 14-week
in part on maintaining a plurality of perspectives. program that included one-on-one coaching, stakeholder
Internally, we seek to: engagement, development planning, 360-degree and
pulse check feedback. Response to the program was
Instill diversity and inclusion (D&I) principles in the organiza-
tional culture and systems extremely positive, with 88% of managers saying they
noticed a positive change in their employees contribution
Increase the experience of inclusion, particularly for under- or management of their teams. The response from the
represented groups
participants was also encouraging, with one stating, I am
Raise awareness of diversity and inclusion efforts. more confident in my position and more at ease in present-
ing my ideas in the most effective way possible and in
Our internal strategy depends on three elements: communicating with colleagues on a global scale in a more
Senior Leader Support: Commitment from our CEO, effective way. This should improve my overall management
Chairman and other senior leaders to encourage further skills and make me a more influential leader at the
exploration, action and agreement on a broad framework company.
for diversity and inclusion
Data Accuracy: Collecting more robust data by asking
employees to self-identify ethnicity during the application
process or upon starting at Bloomberg
Manager Training: Introduce modules on diversity, inclusion
and unconscious bias to manager and team leader training.

Selected internal initiatives include:

Diversity & Inclusion Dinner Series chaired by the Chairman
and CEO (global)
Data accuracydemographic analysis and dashboards
(global)
Womens programs including Womens Coaching Program in
News (global), Speed Mentoring and Polished Presence
for Success in the U.S.
Training curriculaincorporating D&I messaging and
concepts into our management training programs (global)

67 2012 Sustainability Report Bloomberg L.P. all rights reserved

People

Virtual Strategy Sessions Surveyengagement survey and + EXTERNAL PARTNERSHIPS

focus group sessions examining motivation, career develop- C orporate membership in Diversity in Asia Network (DIAN)
ment, commitment, flexibility and retention (global)
(APAC)
D&I Communities: Womens (global), LGBT (U.S., EMEA), Thought leadership and sponsorship of research on
Black Professionals (U.S.) and Working Parents (APAC)
womens leadership and womens issues through the
Working Parents Coaching sessions (global) following organizations: Catalyst, National Council for
Research on Women, 85 Broads, 100 Women in Hedge
Unconscious Bias in Interviewing sessions (global)
Funds, Womens Bond Club, Association of Women
Employee Communicationsarticles on our internal news in Finance in Tokyo (global)
page highlighting D&I efforts (global).
Sponsorship of IRelaunch, an organization focused on
Externally, our partner relationships serve as a vehicle to recruiting experienced professionals who took time out
attract, retain and support a diverse workforce. Our external of the workforce (global)
partnerships help source talent from underrepresented groups
(including women), and support our efforts to contribute to the Sponsorship of Out for Undergraduate Business
thought leadership and research on talent development and Conference (OUBC), which helps high-achieving LGBT
retention. undergraduates reach their full career potential (U.S.)
Sponsorship of Upwardly Global, which helps
These partner relationships fall into three categories:
work-authorized, skilled immigrants rebuild their
Attending diversity conferences and providing philanthropic professional careers (U.S.)
sponsorship to diversity organizations and cutting-edge
research projects Sponsorship of JumpStart, NCWIT, Stonewall, Lime
Connect, and Jackie Robinson Foundation, which
Working with charitable organizations and universities to
work toward increasing the diversity in the recruitment
source interns and students from a variety of backgrounds
pipeline (global)
Working with organizations to source experienced candi-
Sponsorship of Innovation, Diversity and the
dates from underrepresented groups.
Marketplace research by the Center for Talent Innovation,
a private-sector task force focused on helping corporations
leverage talent across the divides of gender, generation
and culture (global)
Sponsorship of Springboard Media, which offers
programs that educate, showcase, and support women
entrepreneurs as they seek equity capital and grow their
companies (U.S.)
Interbank and Foreign Firms D&I Roundtable in Asia,
Diversity and Inclusion benchmarking groups within
the financial-services industry (APAC)
Dinner for G10 Women Traders in Asia (APAC)
Partnerships with Historically Black Colleges and
Universities (U.S.)
Targeted recruiting with News associations (U.S.):
National Association of Black Journalists, National
Association of Hispanic Journalists, American
Asian Journalists Association, South Asian Journalists
Association, National Lesbian and Gay Journalists
Association.

68 2012 Sustainability Report Bloomberg L.P. all rights reserved

People

+ LEADERSHIP AND DEVELOPMENT

Leadership Journey at Bloomberg

Our approach to leadership development has traditionally centered on the transi-

tions individuals make during their career. The goal is to accelerate performance as
people take on new responsibilities. Bloomberg has identified four main transitions
that leaders typically go through. Due to our flat structure and distributed work-
force, these transitions may happen as linear steps or in parallel with one another.

TRANSITION ONE TRANSITION THREE

Leading Self to Leading Others From Leading a Function to Leading a Business
Pre-transition, nominated individuals already demonstrating In this transition, leaders need to extend beyond their func-
leadership behavior are invited to attend Preparing to Lead. tional expertise to build broader business acumen. This is
This program encompasses a combination of learning supported by online programs from Harvard Manage Mentor
modules, group project work, and presentations geared and a new Advanced Business Skills Curriculum.
toward preparing a future leader to step up in his/her current
TRANSITION FOUR
role. At the point of transition, new team leaders receive
Leading Locally to Leading Globally
orientation and are supported by an online tool kit to support
As leaders extend their span of control to encompass team
them in their new role. At 30 to 60 days, new team leaders
members outside of their locale, new challenges present
typically attend Leadership Fundamentals, which consoli-
themselves. Programs addressing remote leadership and
dates their early learning and positions them for success.
leading cross culturally, along with the online Country
Over the following 1218 months, short application sessions
Navigator tool, support leaders in making this transition.
are made available to revisit key leadership disciplines and
renew their focus on getting the fundamentals right. The Global Leadership Forum brings together small cohorts
of leaders from around the world to align behind the strategy
TRANSITION TWO
and culture of the organization, deepen their skills relating to
From Leading Others to Leading Leaders
leadership expectations and build a global network of leaders.
As with transition one, high-performing team leaders who
Leadership expectations are framed as a uniquely Bloomberg
have demonstrated attributes needed to lead their peers are
concept called the AND FACTOR that was developed out of
nominated for the Leading Leaders program. This program
research into what makes a great Bloomberg Leader.
combines learning modules, detailed feedback, coaching,
project work and presentations designed to prepare them
to take on broader leadership responsibilities. At the point
of transition, typically new managers would have a transition
meeting focusing on priorities of their first 90 days in the
new role. In addition, a suite of master classes are available
to deepen the leadership disciplines most tested as they
step up.

69 2012 Sustainability Report Bloomberg L.P. all rights reserved

People

EXTERNAL PARTNERSHIPS + PARTNERSHIPS

Our external strategy focuses principally on two programs:
Pipeline Expansion, which enhances our diversity recruiting Innovation and Influencing Thinking
strategy by engaging recruiting organizations that will
The Innovators Speaker Series, launched in 2009, brings
increase the quality and diversity of entry-level pools, and
inspiring people to Bloomberg. To date more than 35
Research Partner/Thought Leadership sponsorship of external
research on diversity, inclusion and talent management, as speakers have appeared globally, including clients, authors,
well as participating as a corporate member of think tanks. executives, newsmakers, community leaders and academ-
ics. Speakers are asked to focus on their approach to
LEARNING AND DEVELOPMENT innovation and client service, the outlook for the markets
Our goal is to offer learning and development opportunities and the financial-services industry and their personal
that help employees perform at their best and enjoy fulfilling strategies for success.
careers.
Speakers have included:
Our development efforts focus on providing on-the-job
training, coaching/mentoring and formal skill building in the Tim Gill
form of online and classroom events. Our learning organiza- Founder of Quark and philanthropist
tion consists of an enterprise learning group called Leader- Matt Goldman
ship Learning and Diversity as well as business-specific
Founder of the Blue Man Group and arts advocate
training teams in Sales, News, and Technology. We also
offer leadership, professional, business and technical skills Geoffrey Canada
development through Bloomberg University, our online Founder of the Harlem Childrens Zone
training portal.
Mellody Hobson
All employees receive regular performance evaluations. President of Ariel Investments
Career advisers are available to everyone and individuals
are encouraged to create a personal development plan Dan Barber
using our proprietary online career development tool. We Executive Chef and Co-Owner of Blue Hill Farm
also provide tuition reimbursement to full-time employees
Jennifer Meehan
for pre-approved, job-related courses and certifications.
To qualify, employees must be in good standing and attain CEO of Grameen Foundation
a grade of B or above. Aimee Mullins
All new Bloomberg News employees attend intensive classes Double-amputee athlete
for a minimum of a week that include training on the Bloom-
Sheryl Sandberg
berg Way, which documents our standards for journalism,
Chief Operating Officer at Facebook
as well as ethics and legal issues. All Bloomberg News
employees also attend media law classes conducted by our Fredrik Haren
in-house attorneys. Entrepreneur, publisher and author

70 2012 Sustainability Report Bloomberg L.P. all rights reserved

People

BLOOMBERG
CORPORATE POLICY

Bloomberg strives to keep its employees fully informed and

seeks feedback from anyone who wishes to participate.
Transparency isnt just our business; its our culture too.

COMMUNICATION & CONSULTATION No employeenot even the Chairmanhas a private office.

Anticipating customer needs. Hard work. Speed. Boldness. Taking a cue from the finance industry, we sit shoulder to
Collaboration. Trust. Loyalty. Bloomberg reinforces and shoulder in an open, trading-room-style environment that
rewards behaviors that are consistent with our high-energy nurtures dialogue and collaboration.
culture of innovation and exceptional customer service.
Policies
We employ a number of channels to inform employees about The Bloomberg Global Core Guide provides employees
the business. These include: with information about their employment terms, benefits and
Town Hall meetings and quarterly reports from responsibilities. Supplements address specific local issues.
the Chairman and CEO The following categories are covered:
Electronic messages (written and video) General Professional Development policies
Employee-only news and information functions Employee responsibilities
on the Bloomberg Professional service Absences, time off and holidays
Written communications. Security, facilities and equipment
An internal channel called Arcade broadcasts on screens Employee services
throughout our buildings and keeps employees tuned in to Employee benefits.
what is going on in Bloomberg offices around the world.
Detailed global and regional policies are available to all
Arcade introduces every new hire to the organization and
employees via the Human Resources section of the Bloom-
provides an opportunity to recognize colleagues for outstand-
berg Professional service, HR<GO>. The Learning and
ing achievements. Listings of live eventsfrom guest speakers
Development team ensures that all employees are up to date
to nutritionists to artistscreate a constant buzz of energy.
on compliance and related training activities.
And of course, the Bloomberg terminal allows for rapid internal
communication that is wholly unique to Bloomberg.
We operate in a transparent environment where employees at
all levels are encouraged to speak out and offer suggestions.

71 2012 Sustainability Report Bloomberg L.P. all rights reserved

People

Reportable Incidents in 2012

Europe,
Global North America Latin America Asia
Middle East & Africa*
Total Per 100 Total Per 100 Total Per 100 Total Per 100 Total Per 100
2012 66 0.47 23 0.27 0 0 36 1.1 7 0.36
2011 108 0.78 31 0.36 2 0.8 71 2.21 4 0.21
2010 123 0.91 29 0.36 2 0.77 82 2.77 4 0.24
2009 88 0.82 24 0.36 0 0.00 60 2.38 4 0.26
2008 82 0.8 28 0.44 0 0.00 46 1.97 8 0.55

Lost-Time Incidents in 2012

Europe,
Global North America Latin America Asia
Middle East & Africa*
Total Per 100 Total Per 100 Total Per 100 Total Per 100 Total Per 100
2012 24 0.17 14 0.16 0 0 6 0.18 4 0.21
2011 20 0.14 9 0.16 2 0.8 9 0.28 0 0
2010 18 0.14 12 0.15 2 0.77 3 0.1 1 0.06
2009 16 0.15 12 0.2 0 0 4 0.16 0 0
2008 22 0.21 21 0.33 0 0 1 0.04 0 0

LEGAL ACTIONS Bloomberg filed motions for summary judgment on all of those
ENEA: On June 14, 2012, four former Bloomberg employees, remaining claims. Briefing on those motions is complete and
all of whom worked as Global Technical Support representa- the Courts decision is pending. Bloomberg vehemently denies
tives, filed a complaint against the Company in federal court in the EEOCs allegations of discrimination and will continue to
Manhattan. The complaint alleges that the Company owes defend the case vigorously.
them (and others similarly situated) back overtime pay under
the Fair Labor Standards Act and New York Labor Law. On
November 20, 2012, the Court granted plaintiffs motion for
conditional certification of a collective action under the FLSA Employees by Age Group in 2012
and denied the plaintiffs motion for certification of a Rule 23
class action with respect to plaintiffs state law claim, without
prejudice to plaintiffs right to renew the latter motion at a later
date. The matter is ongoing and Bloomberg continues to
defend this case vigorously. 4049
EEOC: The U.S. Equal Employment Opportunity Commission 24.03%
(EEOC) filed a lawsuit on September 27, 2007, alleging that 5059
Bloomberg engaged in a pattern or practice of discrimination 8.39%
from February 2002 to the present based on sex/pregnancy.
3039 6069
The EEOC ultimately identified 76 claimants on whose behalf 1.55%
37.74%
it sought recovery. Certain of those claims were dismissed
on statute of limitations grounds, and on August 16, 2011, the
Court granted Bloombergs motion for summary judgment on
2029 7089
28.19% 0.1%
the EEOCs claim that Bloomberg engaged in a pattern or
practice of discrimination. The EEOC subsequently dropped
certain claimants from the case, leaving 39 individuals on whose under 20
behalf the EEOC seeks individual relief (including six individu- 0.01%
als who have intervened as plaintiffs). On January 18, 2012,

72 2012 Sustainability Report Bloomberg L.P. all rights reserved

GLOBAL REPORTING INITIATIVE INDEX
Where possible, we have provided information and data in response to indicators
within this index. Much of this information can also be found within our report,
along with explanatory information. Corresponding page numbers have been
given. Some information is not available in the report, but additional disclosure
is given in this index. We have referenced where this occurs throughout.

PROFILE
Performance Response
Cross
Indicator Description 2012 2011 2010 2009 2008 2007 Reported Reference

STRATEGY AND ANALYSIS

Statement from the most senior decision maker Sustainability embodies Bloombergs core values and provides competitive
of the organization (e.g., CEO, chair, or equivalent advantage it is an employee and community engagement platform, an effective
1.1 Full Page 2
senior position) about the relevance of sustainabil- management tool and a substantial source of innovation and opportunity.
ity to the organization and its strategy. Peter Grauer, Chairman
Description of key impacts, risks,
1.2 See referenced page. Full Page 2
and opportunities.

ORGANIZATIONAL PROFILE
2.1 Name of the organization. Bloomberg L.P. Full This Index
Bloomberg Professional Service, Bloomberg Businessweek, Bloomberg TV,
Primary brands, products Pages 4,
2.2 Bloomberg Markets, Bloomberg Radio, Bloomberg Government, Bloomberg Full
and/or services. 6, 1225
New Energy Finance, Bloomberg Bureau of National Affairs
Sustainability at Bloomberg is managed directly by three primary groups:
Environmental Sustainability, Professional Development,and Philanthropy. The
Operational structure of the organization, including
Sustainability and Philanthropy groups report directly to the Chairmans office while
2.3 main divisions, operating companies, subsidiaries Full Pages 7, 8
Professional Development reports to the COO. Bloomberg has one joint venture,
and joint ventures.
Bloomberg Sports LLC, of which it is the majority shareholder. See organization
chart for more details.
2.4 Location of organizations headquarters. 731 Lexington Avenue, New York, NY 10022 Full This Index
Number of countries where the organization
74 73 73 69 65 64
operates.
2.5 Names of countries with either major operations Full This Index
US, UK, Germany, Japan, China, Singapore, Australia, Hong Kong,
or that are specifically relevant to the sustainability
Brazil, India, Dubai
issues covered in the report.
2.6 Nature of ownership and legal form. Bloomberg L.P. is a privately held Delaware USA Limited Partnership. Full This Index
Markets served (including geographic
Bloomberg serves financial institutions, governments and others with
2.7 breakdown, sectors served and types Full This Index
an interest in financial news, data and analytics.
of customers/beneficiaries).
Scale of Reporting organization, including:
Number of Employees; Net sales (for private sector
organizations) or net revenues (for public sector
Bloomberg is a privately held, limited partnership and therefore does not report its
organizations); Total capitalization broken down
capitalization publicly. This information is considered proprietary.
in terms of debt and equity (for private sector
organizations); Quantity of products or services
2.8 provided (terminals). Partial This Index
Employees 15,683 15,264 12,689 10,990 10,317 10,089

Revenue $8.3 billion $7.7 billion $6.9 billion $6.3 billion $6.1 billion $5.4 billion
Bloomberg Professional
315,394 313,773 300,101 279,171 285,896 273,776
Service Subscribers
Significant changes during the reporting period
regarding size, structure, or ownership including:
Bloomberg L.P. has been a privately held Limited Partnership since its inception.
The location of, or changes in, operations, includ-
In addition to acquisitions of Businessweek and New Energy Finance (NEF) in De-
2.9 ing facility openings, closings, and expansions; Full This Index
cember of 2009, Bloomberg acquired Bureau of National Affairs (BNA) in Septem-
Changes in the share capital structure and other
ber 2011 and Polarlake in May, 2012.
capital formation, maintenance, and alteration
operations (for private sector organizations).
This Index
Report
Appendix
Awards received in reporting period
2.10 154 151 22 11 15 Full Pages
(News, EPA, LEED)
17, 31,
3334,
36

73 2012 Sustainability Report Bloomberg L.P. all rights reserved

 Performance Response
Cross
Indicator Description 2012 2011 2010 2009 2008 2007 Reported Reference

REPORT PARAMETERS
Report Profile
Reporting period (e.g., fiscal/calendar year) This Index
3.1 Calendar Full
for information provided. Page 6
This is our 3rd Sustainability Report. It covers 2012 operations. We published
3.2 Date of most recent previous report (if any). a full GRI-compliant Sustainability Report in May 2011 for full-year 2010, and then Full This index
a Sustainability Update in May 2012 for full-year 2011.
3.3 Reporting cycle (annual, biennial, etc.). Annual Full This index
Contact point for questions regarding the report
3.4 Curtis Ravenel, [email protected] Full This index
or its contents.
Report Scope and Boundary
Process for defining report content, including:
Determining materiality; Prioritizing topics within
Bloomberg consulted the guidance provided by the G3 Online. For an information
the report; Identifying stakeholders the organization
services company, environmental impact is principally driven by energy consump- Pages
3.5 expects to use the report; Include an explanation Full
tion. Bloomberg expects all interested stakeholdersowners, customers, vendors, 7, 11
of how the organization has applied the Guidance
employees, communities, NGOs and government agencies to use the report.
on Defining Report Content and the associated
Principles.
Boundary of the report (e.g., countries, divisions,
subsidiaries, leased facilities, joint ventures, The Boundary setting includes Control AND Significant Influence This Index
3.6 Full
suppliers). See GRI Boundary Protocol for further BLP global operations and material supplier activities are addressed. Page 6
guidance.
State any specific limitations on the scope
3.7 None Full This Index
or boundary of the report.
Basis for reporting on joint ventures, subsidiaries,
leased facilities, outsourced operations, and other All joint ventures, subsidiaries and leased facilities are included. Outsourced This index
3.8 entities that can significantly affect comparability operations, while not included in the environmental footprint, are subject to signifi- Full
from period to period and/or between organiza- cant sustainability program requirements. See Appendix for vendor guidelines. Page 6
tions.
Data measurement techniques and the bases of
calculations, including assumptions and techniques Report
3.9 See Methodology Documents in Appendix. Full
underlying estimations applied to the compilation Appendix
of the Indicators and other information in the report.
Explanation of the effect of any re-statements There are restatement of emissions associated with the following:
of information provided in earlier reports, and the Incorporation of acquisitions into overall company emissions
3.10 reasons for such re-statement (e.g., mergers/acqui- Updated CO2e factors Full This Index
sitions, change of base years/periods, nature Minor retroactive adjustments in methodology.
of business, measurement methods).
Impact of these restatements is minor (<3% in any calendar year).
Significant changes from previous reporting No significant changes to applicable operational boundaries, scope or measure-
3.11 periods in the scope, boundary, or measurement ment methodology. Only very minor changes to calculations (i.e. GHG factor Full This Index
methods applied in the report. changes) or methodology were employed.
GRI Context Index
Table identifying the location of the Standard
3.12 Yes Full This Index
Disclosures in the report.

Assurance

Policy and current practice with regard to seeking

external assurance for the report. If not included This Index
in the assurance report accompanying the sus- Report
Bloomberg contracts with a 3rd-party (Cventure) to validate our annual
3.13 tainability report, explain the scope and basis of Full Appendix
GHG Emissions, and Cventure is also validating our 2012 Sustainability Report.
any external assurance provided. Also explain the Pages
relationship between the reporting organization 6, 28
and the assurance provider(s).

GOVERNANCE, COMMITMENTS, & ENGAGEMENT

Governance
This Index
Governance structure of the organization, including www.
Board of Directors operates the Company, with representatives from each division
committees under the highest governance body bloomberg.
4.1 reporting into the Chairman. Any formation and function of sub-committees under Partial com/about/
responsible for specific tasks, such as setting
the Board of Directors is considered proprietary and not publicly disclosed. management
strategy or organizational oversight.
Pages 7, 8
Indicate whether the Chair of the highest gover-
nance body is also an executive officer (and, if so, The Chairman of the Board is Peter Grauer, while Dan Doctoroff is President/CEO.
4.2 Full Page 6
their function within the organizations management They both serve these roles at the request of the owner.
and the reasons for this arrangement).

74 2012 Sustainability Report Bloomberg L.P. all rights reserved

 Performance Response
Cross
Indicator Description 2012 2011 2010 2009 2008 2007 Reported Reference

For organizations that have a unitary board struc-

ture, state the number of members of the highest
governance body that are independent and/or This Index
4.3 non-executive members. Full
Page 7
Total 10 10 11 11 11
Independent 3 3 3 3 3
Employees can submit recommendations to directors of the highest governance
Mechanisms for shareholders and employees body in their name and anonymously via phone through an Anonymous Hotline. This Index
4.4 to provide recommendations or direction to the Bloomberg is a privately-held company, so no such mechanism exists for share- Full
highest governance body. holders and the process for handling of these recommendations is proprietary Page 9
and not disclosed publicly.
Linkage between compensation for members of
Bloomberg has a compensation system that is based on performance of the
the highest governance body, senior managers, This Index
Company and the individual, including a merit-based bonus plan. Departmental
4.5 and executives (including departure arrangements), Full
managers and team members in high environmental impact departments have Page 7
and the organizations performance (including
specific sustainability targets tied to their bonus.
social and environmental performance).

Processes in place for the highest governance As a private company, the processes by which Bloomberg ensures
4.6 Full n/a
body to ensure conflicts of interest are avoided. the avoidance of conflicts of interest are proprietary and not disclosed publicly.

A department dedicated to sustainability reports directly into the Chairman

Process for determining the qualifications and ex-
of the Board. A Steering Committee comprised of senior managers across This Index
pertise of the members of the highest governance
4.7 departments has guided firm-wide sustainability initiatives in past years, while Full
body for guiding the organizations strategy on Pages 79
multiple working groups across the organization continue to address operational
economic, environmental, and social topics.
and strategic issues.
BLP has developed a very aggressive Sustainability program. In 2008 we set
a goal to reduce our carbon footprint 50% by 2013 through energy efficiency, This Index
increased renewable resource use and aggressive waste reduction strategies.
We achieved this goal two years early, in 2011, and are currently formulating new Report
Internally developed statements of mission or
commitments for phase 2 of our program, culminating in 2020, which we touch Appendix
values, codes of conduct, and principles relevant to
4.8 upon in the Vision part of this report. Full Pages 9,
economic, environmental, and social performance
and the status of their implementation. As an extension of our continued commitment to the communities in which we 12, 13, 17,
work, we engage our employees, vendors and customers in setting standards, 26, 27, 41,
promoting clean technologies and improving natural resource utilization across 56
departments and regions.
Procedures of the highest governance body for
overseeing the organizations identification and
management of economic, environmental, and Professional Development, Philanthropy and Sustainability departments
4.9 social performance, including relevant risks and review policies and procedures around these issues to ensure compliance Full This Index
opportunities, and adherence or compliance with with all relevant internationally agreed-upon principles.
internationally agreed standards, codes of conduct,
and principles.
Processes for evaluating the highest governance
bodys own performance, particularly with respect As a privately held company, the processes for evaluation are embedded in the
4.10 Full This Index
to economic, environmental, and social perfor- owner-governance body relationship and are proprietary and not disclosed publicly.
mance.
Commitment to External Initiatives
Explanation of whether and how The precautionary principle is addressed by the organization through its Sustain- This Index
4.11 the precautionary approach or principle ability Initiative and the associated guidelines managing departmental and regional Full Report
is addressed by the organization. operations. See Report Appendix. Appendix
This Index
Report
Appendix
Externally developed economic, environmental, Pages
Bloomberg is a member, and active supporter, of numerous environmental
4.12 and social charters, principles, or other initiatives Full 810, 26,
and social advocacy groups.
to which the organization subscribes or endorses. 28, 30,
31, 33,
3637,
4143, 67
Memberships in associations (such as industry
associations) and/or national/international ad-
vocacy organizations in which the organization: See Boards & Affiliations Table (Page 8485)
4.13 Has positions in governance bodies; Participates Bloomberg considers information regarding funding of and strategic relationships Full n/a
in projects or committees; Provides substantive with advocacy organizations to be proprietary and therefore not disclosed publicly.
funding beyond routine membership dues; Views
membership as strategic.
Stakeholder Engagement
Sustainability at Bloomberg is managed directly by three primary groups:
Environmental Sustainability, Professional Development, and Philanthropy. The
List of stakeholder groups engaged by the organi- Sustainability and Philanthropy groups report directly to the Chairmans office
zation. Examples of stakeholder groups are: com- while Professional Development reports to the COO. These groups continually This Index
4.14 munities; civil society; customers; shareholders and engage Bloomberg stakeholders, including employees, customers, vendors Full Pages
providers of capital; suppliers; employees, other and communities. 810
workers, and their trade unions. In addition, all three groups participate in an annual external stakeholder
engagement, moderated by Ceres, to solicit direct feedback from a representa-
tive cross-section of these stakeholders.

75 2012 Sustainability Report Bloomberg L.P. all rights reserved

 Performance Response
Cross
Indicator Description 2012 2011 2010 2009 2008 2007 Reported Reference

Our engagement is broad as a news organization and direct/targeted engagement

is aggressive at the employee, operating department, vendor and customer level. This Index
Basis for identification and selection of
4.15 Our materiality process helps us define the stakeholder groups with whom we Full Pages
stakeholders with whom to engage.
engage. Bloomberg collaborates with organizations that are aligned with core 810
business operating issues and our corporate philosophy.

Bloomberg has a very broad and comprehensive approach to stakeholder

engagement, including:
Integrating sustainability metrics into our compensation program
for departments with significant impact.
C ontinuous and diverse training for employees.
C onstant employee communication, including quarterly town hall
Approaches to stakeholder engagement, including meetings, corporate emails, surveys and other engagement. Pages
4.16 frequency of engagement by type and by stake- Visible and public action by corporate, including press releases Full 810, 43,
holder group. advising of important corporate news and updates. 56, 62, 71
Vendor communication and performance analysis/assessments,
with remedy for poor performers.
Customer education on risks/opportunities.
Annual external stakeholder meetings.
These engagements were not part of the preparation of this report,
but our standard engagement with our stakeholders.

Highlights of Stakeholder Feedback: Private company leadership, Develop the

Pages 2,
ESG product, Educate customers on sustainability issues, demonstrate ROI, be
Key topics and concerns that have been raised 3, 810,
more active in public policy, integrate social issues further, focus on diversity, tie
through stakeholder engagement, and how the 1314,
4.17 compensation to ESG, set long-term and measurable goals, align with 3rd parties Full
organization has responded to those key topics and 3133,
for supply chain work. Feedback gained from employee communication is integrat-
concerns, including through its reporting. 4144,
ed into strategy and used for future reference. Annual environmental performance
62, 69
results are compared year-over-year to identify trends and opportunities.

PERFORMANCE INDICATORS
ECONOMIC
Economic Performance
Economic value generated and distributed,
including revenues, operating costs, employee This Index
Gross Revenue information presented in 2.8 above. As a private firm, further
EC1 compensation, donations and other community Partial (Indicator
financial information is considered proprietary and is not disclosed publicly.
investments, retained earnings, and payments 2.8)
to capital providers and governments.
Bloomberg annually completes the CDP questionnaire, in which we specify that
Financial implications and other risks and we see risk associated with severe weather events in the northeast (i.e. Hurricane This Index
EC2 opportunities for the organizations activities Sandy) impacting key offices and data centers, as well as overall limited risk associ- Full Pages 2,
due to climate change. ated with the access and cost of energy. Bloomberg also sees significant opportu- 1225
nities around investment products, specifically its ESG product.
Coverage of the organizations defined-benefit plan Bloomberg does not have a defined-benefit program (i.e. Pension Plan), but does
EC3 Full n/a
obligations. maintain a 401(k) plan, with participation open to all full-time employees.

Significant financial assistance received

EC4 Bloomberg has never received assistance from governments. Full n/a
from government.

Market Presence
Range of ratios of standard entry level wage Bloomberg pays significantly higher than local minimum wage at all locations, but
EC5 compared to local minimum wage at significant the specifics of our entry-level compensation are considered proprietary and as Full n/a
locations of operation. such are not publicly disclosed.
Bloombergs policy is to purchase locally when and where it makes sense. Our
Policy, practices, and proportion of spending
purchasing analyses consider the environmental impact of transportation as well
EC6 on locally based suppliers at significant locations Partial n/a
as production processes and other quality issues. The specifics of this analysis are
of operation.
proprietary and not publicly disclosed.
Procedures for local hiring and proportion of senior
Bloomberg is a private company and as such all details of its hiring practices
EC7 management hired from the local community at Full n/a
and policies are considered proprietary and are not publicly disclosed.
significant locations of operation.

Indirect Economic Impacts

Development and impact of infrastructure invest- BLP is an information service. While much of the data, news and analytics is pro- This Index
ments and services provided primarily for public prietary and accessible only to customers, a portion of it is publicly available via the
EC8 Partial Pages
benefit through commercial, in-kind, or pro bono website, TV, Radio, Magazine and Press. We have significant influence in capital
engagement. markets due to our distribution. 1225

As a privately held company, BLP financial information is proprietary and

Understanding and describing significant indirect
not publicly disclosed. However, the purchasing power Bloomberg manages
EC9 economic impacts, including Partial n/a
and leadership role it plays in the financial community creates indirect
the extent of impacts.
economic impact.

76 2012 Sustainability Report Bloomberg L.P. all rights reserved

 Performance Response
Cross
Indicator Description 2012 2011 2010 2009 2008 2007 Reported Reference

ENVIRONMENTAL
Materials

We have not yet consolidated this data into a reportable format, but will do so in Not
EN1 Materials used by weight or volume. n/a
preparation for Bloombergs 2014 Sustainability Report, covering 2013 data. reported

Percentage of materials used that are recycled 0% There is some recycled material in the components we purchase,
EN2 Full This Index
input materials. but it is incidental and immaterial.
Energy
Direct energy consumption -
38,903 37,733 35,627 33,139 42,629 14,522
Natural Gas (GJ)
Direct energy consumption -
50,072 24,028 14,680 11,415 8,015 8,711
Diesel Oil (GJ) This Index
EN3 Full
Direct energy consumption - Page 29
505 1,866 668 457 78
HFC (Lbs)
Direct energy consumption -
29,944 32,210 43,522 33,535 30,751 19,617
Aircraft Fuel (GJ)
Indirect energy consumption by primary source
265,604,894 254,335,093 241,728,076 232,320,574 238,378,317 226,768,598
(kWh consumed) This Index
EN4 Full
Indirect energy consumption by primary source Page 29
17,341 18,617 10,662 13,197 22,783 27,773
(mlbs steam)
Energy saved due to conservation and efficiency
improvements 36,776,967 34,948,110 32,389,170 23,221,571 22,743,158
(kWh saved from projects) This Index
EN5 Full Pages
Energy saved due to conservation and efficiency 2834
improvements 2,985 5,674 6,981 7,146 3,490
(GJ of natural gas saved from projects)
Bloomberg supplies Energy Star-rated PCs and flat panels to those customers that
utilize those products, as well as more environmentally-friendly keyboards
and B-Units to all customers.
Initiatives to provide energy-efficient or renewable This Index
Energy Star hardware results in ~1015% kWh reduction at customer sites
energy based products and services, and reduc-
EN6 over non-Energy Star equipment. Full Pages
tions in energy requirements as a result of these
C urrent customer keyboard assembly has eliminated certain environmentally- 4243
initiatives.
unfriendly components, as well as reduced weight for more efficient shipping.
B -Unit battery life has been increased from 3 years to 5 years,
a 67% improvement.
Bloomberg has done an extensive review of our global energy usage at our major
facilities, including energy audits at our NY Headquarters, Princeton Campus,
both Data Centers and our Hong Kong office (collectively representing 69% of our This Index
Initiatives to reduce indirect energy consumption
EN7 global portfolio). We have implemented a number of global energy-demand-reduc- Full Pages
and reductions achieved.
tion initiatives as well as completed many facility-specific infrastructure projects 2834
throughout our portfolio. EN5 shows the energy reductions associated with these
efforts.
Water
EN8 Total water withdrawal by source (Basic water use) 102,949,980 92,631,000 80,479,500 69,042,480 64,976,520 Full This Index
Water sources significantly affected by withdrawal Bloombergs water consumption is not materially high, therefore no water sources
EN9 Full n/a
of water. are significantly affected.
Percentage and total volume of water recycled and
EN10 0% 0% 0% 0% 0% Full This Index
reused.
Biodiversity
Location and size of land owned, leased, managed
Two Bloomberg sites contain protected wetlands: 100 and 101 Business Park
EN11 in, or adjacent to, protected areas and areas of high Full This Index
Drive Skillman, NJ (84.68 acres) and 431 Ridge Road Dayton, NJ (64.81 acres)
biodiversity value outside protected areas.
Description of significant impacts of activities,
products, and services on biodiversity in protected
EN12 No facilities are in an area of high biodiversity. Full n/a
areas and areas of high biodiversity value outside
protected areas.
We manage our activities to comply with local zoning laws to not disturb adjacent
EN13 Habitats protected or restored. wetlands. To date we have not encroached on any such habitat and therefore have Full This Index
had no occasion to either protect or restore such habitats.
Our operations do not directly impact biodiversity. However, we own three maga-
Strategies, current actions, and future plans for
EN14 zines and therefore work closely with FSC and the Rainforest Alliance to ensure Full n/a
managing impacts on biodiversity.
properly sourced paper.
Number of IUCN Red List species and national
EN15 conservation list species with habitats in areas No facilities are in an area presenting risks to these species. Full n/a
affected by operations, by level of extinction risk.

77 2012 Sustainability Report Bloomberg L.P. all rights reserved

 Performance Response
Cross
Indicator Description 2012 2011 2010 2009 2008 2007 Reported Reference

Emissions, Effluents, & Waste

Total direct greenhouse gas emissions by weight. This Index
7,865 7,644 6,396 5,184 4,979 2,815
(Scope I) (MT)
EN16 Full Pages 6,
Total indirect greenhouse gas emissions by weight. 2930,
103,143 98,293 94,184 91,101 101,608 102,046 85
(Scope II) (MT)
This Index
Other relevant indirect greenhouse gas emissions Pages 6,
EN17 85,605 92,873 86,819 39,145 37,780 38,985 Full
by weight. (Scope III) (MT) 2930,
85
In addition to the energy-reduction initiatives in EN7, we have undertaken initiatives
in other operational areas to reduce our GHG emissions, including:
Engineering reduced the weight of the Bloomberg Keyboard and packaging,
significantly reducing overall shipping weight.
Sales department continues to push public transportation in lieu of car service,
and rail travel instead of air on heavily traveled short routes.
Global pantry initiatives incorporating compostable cups/wares and bulk food/
drink offerings to reduce landfill waste and increase waste diversion (to com-
post/recycling).
Utilization of waste-to-energy in London and New York City, eliminating landfill
waste at those locations. This Index
EN18 Initiatives to reduce greenhouse gas emissions FSC paper for all magazines, paper sourcing hierarchy for other purchases Full Pages
and reductions achieved. to increase PCW%. 2840,
Bloomberg Markets expands printing to Europe to mitigate impact of distribution. 45
Shift from air shipments to ground/sea shipments in global logistics.
C reation of BLP Ink print shop in London.
While all the above initiatives, and more, reduce Bloombergs GHG emissions,
the Company continues to experience significant growth. We project unabated
emissions based on these growth factors and calculate our overall emissions
reductions to be the difference between these projections and our actual emis-
sions. Those differences (i.e., our annual reductions), in metric tonnes, were:
Reductions against Business As Usual 2007
88,010 59,687 48,352 35,569 9,849 0
Baseline (MT)
Emissions of ozone-depleting substances by
EN19 Bloomberg does not hold ozone-depleting substances. Full n/a
weight.
NOx, SOx, and other significant air emissions by Bloomberg has minimal Scope I GHG emissions and, therefore, immaterial
EN20 Partial n/a
type and weight. amounts of criteria pollutants and other air emissions.

EN21 Total water discharge by quality and destination. Bloomberg does not discharge significant amounts of water. Full n/a

Total weight of waste by type and

disposal method:
Landfill Waste (MT) 1,140 1,820 1,881 1,932 2,144 2,256 This Index
EN22 Full Pages
Waste-to-Energy (MT) 1,031 107
4550
Recycling & Compost (MT) 1,530 1,497 2,244 1,867 1,599 n/a
E-Waste (MT) 408 430 488 508 558 n/a
EN23 Total number and volume of significant spills. Bloomberg has not been involved in any spills. Full n/a
Weight of transported, imported, exported, or
treated waste deemed hazardous under the terms
EN24 of the Basel Convention Annex I, II, III, and VIII, and 37,580 4,960 0 0 4,744 Full This Index
percentage of transported waste shipped interna-
tionally. (Hazardous Waste in pounds)
Identity, size, protected status, and biodiversity
value of water bodies and related habitats sig-
EN25 Bloomberg does not discharge significant amounts of water. Partial n/a
nificantly affected by the reporting organization's
discharges of water and runoff.
Products & Services
Bloomberg has developed Engineering Product Guidelines. These Guidelines are
Initiatives to mitigate environmental impacts devoted to 4 specific areas to reduce the environmental impact of our products. This Index
EN26 of products and services, and extent of impact They are: Chemicals & Waste Criteria (toxics reduction, chemicals mgmt, RoHS Full Pages
mitigation. compliance), E-Waste Criteria (Individual Producer Responsibility), Energy Criteria 4144
(Energy Star Compliance), Product Longevity (Design for End of Life).
Percentage of products sold and their packaging
materials that are reclaimed by category.
This Index
EN27 Products Sold (Terminals) 100% 100% 100% 100% 100% 100% Full
Page 42
Packaging recovered (Terminals) 50% 50% 50% 50% 0% 0%

78 2012 Sustainability Report Bloomberg L.P. all rights reserved

 Performance Response
Cross
Indicator Description 2012 2011 2010 2009 2008 2007 Reported Reference

Compliance
Monetary value of significant fines and total number
EN28 of nonmonetary sanctions for noncompliance with 0 0 0 0 0 0 Full This Index
environmental laws and regulations.
Transport
Significant environmental impacts of transporting
products and other goods and materials used for
the organization's operations, and transporting
members of the workforce. This Index
EN29 Full
Transport of Product/Goods (MT CO2e) Page 29
25,064 25,092 24,293 7,282 6,593 7,225
including magazines
Business Travel (MT CO2e) 29,549 32,470 31,460 25,001 23,093 22,245
Overall
Total environmental protection expenditures and This Index
EN30 investments by type. (Includes capital and operat- $3,581,977 $3,210,366 $3,589,184 $3,614,465 $1,580,047 Partial
ing, excludes employee allocation.)

SOCIAL PERFORMANCE: LABOR PRACTICES & DECENT WORK

Employment
Total workforce by employment type, employment
contract, and region.
FT Employees - North America 10,043 9,899 7,734 6,683 6,065 5,868
FT Employees - Latin America 269 251 236 209 207 200
LA1 This Index
FT Employees - EMEA 3,430 3,226 2,958 2,541 2,542 2,538
At (Indicator
Full
Year- FT Employees - Asia 1,941 1,888 1,761 1,557 1,503 1,483 2.8)
End Page 4
Non-FT Employees - North America 1,159 1,038 1,025 783 507 295
Non-FT Employees - Latin America 24 26 20 17 15 8
Non-FT Employees - EMEA 293 369 360 229 110 85
Non-FT Employees - Asia 146 142 141 114 103 51
Total Company Turnover
Turnover by Region - North America
Turnover by Region - Latin/South America
Turnover by Region - EMEA
Turnover by Region - Asia Bloomberg is a private company, views information related to employee turnover Not
LA2 n/a
Turnover by Gender - Male to be proprietary, and therefore does not disclose it publicly. Reported

Turnover by Gender - Female

Turnover by Age Group - 29 and Under
Turnover by Age Group - 3049
Turnover by Age Group - 50 and Over
Bloomberg provides benefits without charge to full- and part-time employees who
Benefits provided to full-time employees that are work 24 hours or more per week, including health coverage (medical, dental and This Index
LA3 not provided to temporary or part-time employees, vision), company matched retirement benefits, EAP, back up child care, onsite Full Page
by major operations. medical services, basic life insurance, basic LTD. Temporary employees are not 6465
eligible for benefits.
Labor/Management Relations
100% of Bloombergs employees in France and Brazil are covered by collective
bargaining agreements, as well as approximately 60% of BBNA Employees
Percentage of employees covered by collective (acquired in September 2011). The percentage of Bloombergs employee base
LA4 Full This Index
bargaining agreements. this represents at applicable year-end is:
6.85% 6.96% 1.66% 1.75% 1.88%
Minimum notice period(s) regarding significant op-
Bloomberg does not have minimum notice periods regarding significant
LA5 erational changes, including whether it is specified Full n/a
operational changes.
in collective agreements.
Occupational Health and Safety
Percentage of total workforce represented in formal
joint management-worker health and safety commit-
LA6 0% 0% 0% 0% 0% Full This Index
tees that help monitor and advise on occupational
health and safety programs.

79 2012 Sustainability Report Bloomberg L.P. all rights reserved

 Performance Response
Cross
Indicator Description 2012 2011 2010 2009 2008 2007 Reported Reference

Rates of injury, occupational diseases, lost days,

and absenteeism, and number of work-related
fatalities by region:
Incident Rate - North America 0.27% 0.36% 0.36% 0.36% 0.44%
Incident Rate - Latin America 0.0% 0.80% 0.77% 0.00% 0.00%
Incident Rate - EMEA 1.10% 2.21% 2.77% 2.38% 1.97%
Incident Rate - Asia 0.36% 0.21% 0.24% 0.26% 0.55%
Lost-Time Incident Rate - North America 0.16% 0.11% 0.15% 0.18% 0.33% This Index
LA7 Lost-Time Incident Rate - Latin America 0.00% 0.80% 0.77% 0.00% 0.00% Full Pages 5,
72
Lost-Time Incident Rate - EMEA 0.18% 0.28% 0.10% 0.16% 0.04%
Lost-Time Incident Rate - Asia 0.21% 0.00% 0.06% 0.00% 0.00%
Total Lost-Time Days - Global 255 228 354 297 347
Lost Hours per 200,000 Hrs Worked - Global 15.11 13.71 22.93 22.92 28.14
Total Global Fatalities 0 0 1 0 0
Global Absenteeism Rate 1.44% 1.29% 1.59% 1.79% 1.92%
Occupational Diseases No occupational diseases identified globally.

Education, training, counseling, prevention, and This Index

risk-control programs in place to assist workforce Pages 43,
LA8 We have significant programs addressing all of these issues. See report. Full
members, their families, or community members 6566,
regarding serious diseases. 70
Health and safety topics covered in formal agree-
LA9 Bloomberg does not have formal agreements with trade unions. Full n/a
ments with trade unions.
Training and Education

Average hours of training per year per employee by Partial,

719,994 640,827 703,448 435,940 321,312 Bloom- This Index
employee category (Total Hours)
berg
LA10 Pages
does not
track by 5, 65
Training Hours per employee 45.91 41.98 55.44 39.67 31.14
category

Bloomberg provides tuition reimbursement to full-time employees for certain pre-

Programs for skills management and lifelong
approved, job-related courses. To receive tuition reimbursement for any course(s), This Index
learning that support the continued employability
LA11 the employee must receive a grade of B or better. All employees have access to Full
of employees and assist them in managing career Page 71
Bloomberg University, which offers online and classroom training in both technical
endings.
skills and career development.
Percentage of employees receiving regular
LA12 100% 100% 100% 100% 100% Full This Index
performance and career development reviews.
Diversity and Equal Opportunity
Composition of governance bodies and breakdown
of employees per category according to gender,
See below.
age group, minority group membership and other
indicators of diversity.
Male: 9 Male: 9 Male: 10 Male: 10 Male: 10
Governance bodies - Board
Female: 1 Female: 1 Female: 1 Female: 1 Female: 1
This Index
Gender Not externally reported.
LA13 Full Pages
Age group: 5, 7, 72
29 and under 28.20% 29.64% 30.10% 27.50% 28.79%
3049 61.76% 60.78% 60.83% 62.83% 62.62%
50 and over 10.03% 9.58% 9.07% 9.67% 8.59%
Minority Not externally reported.

Ratio of basic salary of men to women by employee Bloomberg is a private company, views all salary information as proprietary and Not
LA14 n/a
category. therefore does not publicly disclose any salary-related information. Reported

SOCIAL PERFORMANCE: HUMAN RIGHTS

Investment and Procurement Practices
Percentage and total number of significant invest-
Bloomberg does not have agreements that include human rights clauses or have
HR1 ment agreements that include human rights clauses Full n/a
undergone human rights screening.
or that have undergone human rights screening.
Since early 2009, Bloomberg has audited 7 suppliers, representing 35%
of suppliers that produce parts, products or assemblies for Bloomberg-branded
Percentage of significant suppliers and contractors
products. These 7 suppliers represent Bloombergs largest Asia-Pac suppliers Pages
HR2 that have undergone screening on human rights Partial
in terms of volume. Bloomberg does not disclose the results of supplier screenings 4143
and actions taken.
or the remedial actions resulting from the screenings. These results are considered
proprietary.

80 2012 Sustainability Report Bloomberg L.P. all rights reserved

 Performance Response
Cross
Indicator Description 2012 2011 2010 2009 2008 2007 Reported Reference

Total hours of employee training on policies and All employees receive mandatory training in harassment, sensitivity and general This Index
procedures concerning aspects of human rights health and safety. Employees can also take additional courses relating to human Pages
HR3 Partial
that are relevant to operations, including the per- rights issues through Bloomberg University. This training is included in the overal 5, 9, 17,
centage of employees trained. training hours, but are not currently tracked separately. 43, 71
Non-Discrimination
ENEA: On June 14, 2012, four former Bloomberg employees filed a complaint
against the Company in federal court in Manhattan. The complaint alleges that
the Company owes them (and others similarly situated) back overtime pay under
on the Fair Labor Standards Act and New York Labor Law. On November 20,
2012, the Court granted Plaintiffs motion for conditional certification of a collec-
tive action under the FLSA and denied the Plaintiffs motion for certification of
a Rule 23 class action with respect to plaintiffs state law claim, without prejudice
to plaintiffs right to renew the latter motion at a later date. The matter is ongoing
and Bloomberg continues to defend this case vigorously.
EEOC: The U.S. Equal Employment Opportunity Commission (EEOC) filed a
Total number of incidents of discrimination and lawsuit on September 27, 2007, alleging that Bloomberg engaged in a pattern
HR4 or practice of discrimination from February 2002 to the present based on sex/ Full Page 72
actions taken.
pregnancy. The EEOC ultimately identified 76 claimants on whose behalf it
sought recovery. Certain of those claims were dismissed on statute of limitations
grounds, and on August 16, 2011, the Court granted Bloombergs motion for
summary judgment on the EEOCs claim that Bloomberg engaged in a pattern or
practice of discrimination. The EEOC subsequently dropped certain claimants
from the case, leaving 39 individuals on whose behalf the EEOC seeks individual
relief (including six individuals who have intervened as plaintiffs). On January 18,
2012, Bloomberg filed motions for summary judgment on all of those remaining
claims. Briefing on those motions is complete and the Courts decision is pend-
ing. Bloomberg vehemently denies the EEOCs allegations of discrimination and
will continue to defend the case vigorously.
Freedom of Association and Collective Bargaining
Operations identified in which the right to exercise
freedom of association and collective bargaining This Index
HR5 None None None None None Full
may be at significant risk, and actions taken to sup- Page 9
port these rights.
Child Labor
Premium products sourced in Asia and e-waste operations have been identified
Operations identified as having significant risk for as having possible exposure to child labor. Procurement policies have been
HR6 incidents of child labor, and measures taken to updated accordingly, e-waste audits were conducted in 2010 and 2012 and will be Full This Index
contribute to the elimination of child labor. conducted annually going forward.
Bloomberg is an E-Steward enterprise.
Forced and Compulsory Labor
Operations identified as having significant risk
for incidents of forced or compulsory labor, and This Index
HR7 Same as HR6 Full
measures to contribute to the elimination of forced Page 9
or compulsory labor.
Security Practices
Percentage of security personnel trained in
the organization's policies or procedures concern- This Index
HR8 100% 100% 100% 100% 100% Full
ing aspects of human rights that are relevant to Page 9
operations.
Indigenous Rights
Total number of incidents of violations involving
HR9 0 0 0 0 0 Full This Index
rights of indigenous people and actions taken.

SOCIAL PERFORMANCE: SOCIETY

Community
Nature, scope, and effectiveness of any programs
We've reviewed our operations and due to our presence in urban areas, our consis-
and practices that assess and manage the impacts
SO1 tent and long-term growth and our relatively low environmental impact, we have no Partial n/a
of operations on communities, including entering,
related material issues to report.
operating and exiting.
Corruption
Percentage and total number of business units
SO2 100% 100% 100% 100% 100% Full This Index
analyzed for risks related to corruption.
Bloombergs anti-corruption policies and procedures are set forth in the Companys
Global Resource and Information Core Guide. All employees receive a copy of this This Index
Percentage of employees trained in organizations guide when they commence employment and are required to sign a consent form
SO3 Full Pages
anti-corruption policies and procedures. acknowledging that they have read the guide and will abide by its contents. In
addition, each employee is reminded of Bloombergs no gifts policy on at least 9, 71
an annual basis.
Actions taken in response to incidents
SO4 There have been no instances of corruption. Full n/a
of corruption.

81 2012 Sustainability Report Bloomberg L.P. all rights reserved

 Performance Response
Cross
Indicator Description 2012 2011 2010 2009 2008 2007 Reported Reference

Public Policy
Public policy positions and participation in public Bloomberg does participate in public policy development on issues of disclosure
SO5 Partial n/a
policy development and lobbying. and transparency, but further details of this participation are not publicly reported.

Total value of financial and in-kind contributions to

SO6 political parties, politicians and related institutions Bloomberg does not make political contributions. Full n/a
by country.
Anti-Competitive Behavior
Total number of legal actions for anti-competitive
SO7 behavior, anti-trust and monopoly practices and 0 0 0 0 0 Full This Index
their outcomes.
Compliance
Monetary value of significant fines and total number
SO8 of nonmonetary sanctions for noncompliance with 0 0 0 0 0 Full This Index
laws and regulations.

SOCIAL PERFORMANCE: PRODUCT RESPONSIBILITY

Customer Health and Safety
Life cycle stages in which health and safety impacts This Index
of products and services are assessed for improve-
PR1 100% 100% 100% 100% 100% Full Pages
ment, and percentage of significant products and
services categories subject to such procedures. 4144

Total number of incidents of noncompliance with

regulations and voluntary codes concerning health
PR2 None None None None None Full This Index
and safety impacts of products and services during
their life cycle, by type of outcomes.
Products and Service Labeling
Type of product and service information required
by procedures, and percentage of significant
PR3 None None None None None Full This Index
products and services subject to such information
requirements.
Total number of incidents of noncompliance
with regulations and voluntary codes concerning
PR4 None None None None None Full This Index
product and service information and labeling, by
type of outcomes.

Practices related to customer satisfaction, This Index

75% of users agree or strongly agree that if they could only have one source of
PR5 including results of surveys measuring customer Full Pages
financial information, it would be Bloomberg.
satisfaction. 810
Marketing Communications
Programs for adherence to laws, standards,
and voluntary codes related to marketing
PR6 PRSA is the U.S. Industry Group and we follow their code of ethics. Full This Index
communications, including advertising, promotion,
and sponsorship.
Total number of incidents of noncompliance with
regulations and voluntary codes concerning
PR7 0 0 0 0 0 Full This Index
marketing communications, including advertising,
promotion, and sponsorship by type of outcomes.
Customer Privacy
Total number of substantiated complaints
PR8 regarding breaches of customer privacy and 0 0 0 0 0 Full This Index
losses of customer data.
Compliance
Monetary value of significant fines for noncompli-
PR9 ance with laws and regulations concerning the 0 0 0 0 0 Full This Index
provision and use of products and services.

82 2012 Sustainability Report Bloomberg L.P. all rights reserved

MANAGEMENT APPROACH
Disclosures on
Management Approach Reported Cross Reference

ECONOMIC
Economic Performance Partial 2, 7, 8, 1225
Throughout Bloombergs 30 year (19822012) history, weve continued to growfrom 22 terminals at one brokerage firm to more than 310,000 terminals
at more than 25,000 firms; from a single product to multiple businesses in media, data and trading systems; and from $500k in sales to $8.3B in 2012.
Market presence Full 6, 12, 13

Indirect economic impacts Partial 1225

ENVIRONMENTAL
Materials Full 4044, 3437

Energy Full 2834

Water Full 50

Biodiversity Full Index EN13

Emissions, effluents and waste Full 2837, 4551, 3940

Products and services Full 3437, 4044

Compliance Full 79

Transport Full 27, 3940

Overall Full 2655

SOCIAL PERFORMANCE: LABOR PRACTICES & DECENT WORK

Employment Full 5672

Labor/management relations Full Index LA4

Occupational health and safety Full 9, 7172

Training and education Full 43, 17, 69, 70

Diversity and equal opportunity Full 6768

SOCIAL PERFORMANCE: HUMAN RIGHTS

Investment and procurement practices Full 56, 5970

Non-discrimination Full 9
Freedom of association and collective
Full 9
bargaining
Child labor Full 9

Forced and compulsory labor Full 9

Security practices Full 9

Indigenous rights Not reported n/a

Bloombergs operations do not source materially from regions with indigineous peoples.

SOCIAL PERFORMANCE: SOCIETY

Community Full 5963

Corruption Full 9

Public policy Full Index SO5

Anti-competitive behavior Full 9

Compliance Full 7

SOCIAL PERFORMANCE: PRODUCT RESPONSIBILITY

Customer health and safety Full 4144

Product and service labeling Full 1225, 4144

Marketing communications Full Index PR6

Customer privacy Full

Bloomberg protects its customer data and stores such data on highly secure servers and systems.

Compliance Full Index PR6, 7

83 2012 Sustainability Report Bloomberg L.P. all rights reserved

BOARDS AND AFFILIATIONS
Employee Department Organization Position

Greg Babyak Policy Security Industry and Financial Markets Association Market Subcommittee
Data Co-Chair

Security Traders Association Institutional Brokerage Committee Member

U.S. Chamber of Commerce Intellectual Property Committee Member

Dan Doctoroff President Bloomberg L.P. Board Member

& CEO
Culture Shed Board Member

Human Rights First Board Member

University of Chicago Trustee

World Resources Institute Board Member

Peter Grauer Chairman Bloomberg Inc. Chairman

Davita Healthcare Partners Inc. Lead Director

Inner City Scholarship Fund President/Trustee

International Business Council of the World Economic Forum Member

Prostate Cancer Foundation Board Member

Rockefeller University Trustee

The Big Apple Circus Board Member/

Chairman Emeritus

The Business Council, Executive Committee Member Member

UNC Hill External Advisory Undergrad Honors Program Chairman

University of North Carolina Chapel Hill Board of Trustees Trustee

University of North Carolina Chapel Hill Foundation Board Board Member

University of North Carolina Chapel Hill, National Development Board Member

Council

USA Cycling Development Foundation Board Member

Andy Lack Multimedia Boston University Trustee

IMG Board Member

84 2012 Sustainability Report Bloomberg L.P. all rights reserved

Boards and Affiliations (continued)

Employee Department Organization Position

Beth Mazzeo Chief Bureau of National Affairs Board Member

Operating
Officer Camden Catholic High School Trustee

National Center for Women & Information Technology Board Member

Villanova University Trustee

Tom Secunda Product Bloomberg L.P. Vice Chair

Intrepid Museum Foundation Board Member

Manhattann Theater Club Board Member

National Parks Conservation Chairman

Josh Steiner Industry Council on Foreign Relations Member

Verticals
New York Public Library Vice Chair

Phillips Academy (Andover) Board Member

Matt Winkler News Bloomberg L.P. Board Member

City University of New York Graduate School of Journalism Member

Columbia University Knight-Bagehot Fellowship Program, Member

Board of Advisors

Committee to Protect Journalists Member

Council on Foreign Relations Board Member

Economic Club of New York Member

International Center for Journalists Board Member

International Womens Media Foundation Board Member

Kenyon College Trustee

Kenyon Review Board of Trustees Trustee

Tsinghua University School of Journalism, International Board Board Member

85 2012 Sustainability Report Bloomberg L.P. all rights reserved

 2012 CVENTURE VERIFICATION STATEMENT

Bloomberg LP Cventure LLC

GHG Verification Statement June 11, 2013

Name: Bloomberg LP (BLP)

Prepared by: Kevin Johnson, Cventure LLC

Emissions Inventory:
Global, corporate-wide FY2012 GHG emissions inventory covering: Scope 1 direct emissions from fuel
combustion, company aircraft, and refrigerant losses; Scope 2 emissions from imported electricity and steam;
and Scope 3 emissions associated with employee business travel, supply chain shipping, and paper
consumption/waste generation. Boundaries include wholly owned business entities, and owned/leased facilities
which Bloomberg exhibits operational control. CO2, CH4, and N2O direct combustion, electricity consumption,
and mobile source emissions, and HFC refrigerant gas emissions, were calculated; CO2 equivalent emissions
were calculated for paper consumption and waste disposal; and BLP has no SF6 or PFC emissions.

Greenhouse Gas Management Plan:

BLP 2012 Carbon Emissions Calculation Process (CECP) document, Version 6.0 (May 2013) developed
internally by Bloomberg, to both calculate Bloombergs carbon emissions, and support the development and
implementation of a robust GHG emissions reduction strategy.

Verification Level of Effort:

Tier II of the ERT Standard: Corporate GHG Verification Guideline by ERT. A Tier II-level verification is
appropriate for basic reporting, and those voluntary efforts for which there are no imminent requirements for
compliance obligations or emissions trading. This is the case for BLP, as direct GHG emissions from each of
BLPs facilities are well below any existing (or pending) GHG emissions regulatory requirements. It is intended
to establish the basis for baseline protection; support claims of carbon neutrality, and for credit for early action;
and enable assessments of performance of GHG reduction initiatives by BLP toward its future voluntary targets.
Given the status of Bloombergs GHG emissions inventory and management system, and system improvements
made by Bloomberg in 2012 and going forward (e.g., further development and implementation of the automated
Business Warehouse database system for carbon management at BLP), a Tier II-level verification was
appropriate for this project. This verification covered Bloombergs FY2012 GHG emissions inventory.

Opinion Statement:
Based on its review of BLPs GHG emissions inventory, Cventure has verified the information submitted by
BLP as being consistent with the Bloomberg Carbon Emissions Calculation Process (CECP) emissions
methodology and reporting guidance document, Version 6.0 (May 2013). Cventure finds that the 2012 (January
1, 2012 December 31, 2012) GHG emissions inventory conforms to generally accepted GHG accounting
standards. BLPs CECP document is based upon, and was found to be generally consistent with, the
WRI/WBCSD GHG accounting and reporting protocol, and the WRI report, Hot Climate, Cool Commerce: A
Service Sector Guide to Greenhouse Gas Management (May 2006).
This effort included targeted sampling and testing of GHG data and information, and, as such, resulted in a level
of assurance that BLPs GHG assertion is presented fairly in accordance with the relevant criteria. The GHG
emissions estimates were calculated in a consistent and transparent manner, and were found to be a fair and
accurate representation of BLPs actual emissions, and were found to be free from material misstatements or
omissions. Cventure has verified a total of 196,613 metric tons of CO2 equivalent emissions with a reasonable
level of assurance.

86 2012 Sustainability Report Bloomberg L.P. all rights reserved

 2012 CVENTURE ASSURANCE STATEMENT

EXTERNALASSURANCESTATEMENT
BloombergLP GlobalCorporateWide Verifiedby:CventureLLC
2012GRIAnnualSustainabilityReport Date:June13,2013
LeadAuditors: KevinL.Johnson WileyBarbour

Report ContentandBoundaries:
AnexternalassuranceengagementconductedbyCventureLLC(Cventure),overtheFeb.June2013timeperiod,onBloombergLP(BLP)'s
3rdSustainabilityReport,coveringCY2012.ReportingboundariesestablishedbasedonGRIG3guidelines,coveringallactivitiesunderBLP's
operationalcontrol.BLP'sinternalprocessestoidentify,prioritize,andevaluatesustainabilitydataandtrendshavebeen reviewed,and
foundtobeconsistentwithGRIguidelines.GRIguidelineswerefollowedinselectionofcontentandscope,resultinginacomprehensive
reportwhichfocusesonenergyconsumption,paperuse,supplychainshipping,andbusinesstravelasmaterialdriversofenvironmental
impactundermanagementcontrol.Sustainabilityindicatorscorrelatedtokeyvaluedriversandperformancemetrics.Product
manufactureandusewereappropriatelyaddressed.Qualitativeanalysisanddiscussionprovidedforabroadspectrumofsustainability
issuesandstakeholderengagements.

AssuranceApproach:
Assurance conducted to AA1000 AS(2008)standard,Type2engagement:PrinciplesandSustainabilityPerformanceInformation,including
quantitativeandqualitativeGRIperformanceindicators,profiledisclosures,andmanagementapproachaddressed.Adherencetoprinciples
(inclusivity,materiality,andresponsiveness)andthereliabilityandqualityofperformanceinformationassessed,providing amoderatelevel
ofassurance.ERTCorporateVerificationGuideline'sTierIIstandardfollowed:minimumthresholdsfordatasampling,documentary
evidencegathering,detailedtestingandreperformancecalculations,andanalyticalprocedures.Cventurepersonnelconductedinterviews
withDirectorofBLP'sSustainabilityDepartment,four(4)Managers,andthree(3)primarydatacoordinatorsforkeysustainabilityreporting.
SitevisitsconductedatBLP'sheadquartersinNewYorkonFebruary56,2013,andatDCofficeonApril17,2013.CventurereviewedallGRI
standarddisclosureassertions.Limitationstoassuranceengagementscope:2012data;verifiedonlyGRIreportingassertionsforwhich
availablebackupevidenceprovidedbyBLP;2012SustainabilityReport(didnotincludeotherinteractivewebsitecontent);verificationof
reportbody'stext,casestudies,andchartslimitedtoassertionsaddressedinGRIG3indices;GRIapplicationgradelevelwasthepurviewof
GRI.CventurewasnotinvolvedinpreparationofanyBLPSustainabilityReportdataorassertions,anddidnotprovideanyservicestoBLP
whichcouldcompromiseCventure'sindependence.CventuredisclaimsanyliabilityforanydecisionmadebasedonthisAssurance
Statement.

Major FindingsandConclusions:
Sustainability linkedtotoplevelmanagementdecisionsinBLP;SustainabilityDepartment,agroupofseven(7)professionalsandabudgetof
$23Million/yr,reportsdirectlytotheChairman.Systematicengagementofemployees,vendors,andstakeholdersusedtoset
goals/priorities.Energysavinginitiatives&auditsimplementedglobally.EngineeringProductGuidelinesdevelopedtoreducewaste,lower
energyuse,andimproveproductuseemissions.BLPprovidessignificantbenefitstofull&parttimeemployeesincludingtrainingandtuition
reimbursement.BLPhassustainabilitysystemsandprocessesinplace,datagatheringpractices,degreeofdisclosuretransparency,and
accuracyofcalculations,necessarytodemonstrateadherencetosustainabilityprinciples,andreliability&qualityofsustainability
performanceinformation:Inclusivityprinciple BLP'sstakeholderengagementprogramexternallycoordinatedwithCERES,including
diversepartnerorganizations;internallyintegratedatalllevels,acrossoperationsandbusinessunits,tobuildcapacityandidentifymaterial
issues;andledbyanaccountableSustainabilityDepartment,demonstratesadherencetoinclusivityprinciple.Materialityprinciple BLP's
ongoingmaterialityassessmentprocess;prioritizationofrelevantsustainabilityissues;andCventure'sassessmentoftechnical,regulatory,
andfinancialcriteriaappliedtoBLP'sissues&disclosures,indicatednomaterialmisstatementsoromissionsofmaterialissues,
demonstratesadherencetothematerialityprinciple.Responsivenessprinciple IntegrationofstakeholderfeedbackintoBLP's
sustainabilityprogram;significantresourcecommitmentstosustainabilityissues&projects;essentiallyfullreportingunderGRIG3
guidelines(e.g.,onlyafewfinancial,strategicinvestment,andcompensation/hiringrelateddetailsnotdisclosed,duetotheirproprietary
natureofaprivatelyheldcompany),demonstratesadherencetotheresponsivenessprinciple.SustainabilityPerformanceInformation
>90%ofquantitativeassertionsand>50%ofqualitativeassertionsinGRImatrixcheckedagainstbackupdocumentation/rootauditdata,
andotherrelatedevidenceprovidedtoCventure.Sampling/testingofdata,crosschecks,andreperformancecalculationsalsomadeby
Cventure.Nomaterialmisstatements/omissionsidentified;severalminor,immaterialdiscrepanciesidentifiedbyCventure,and
subsequentlycorrectedbyBLP.ThisdemonstratesreliabilityandqualityofBLP'sreportedperformanceinformation.

Opinion Statement:
It isCventure'sopinion,basedonthescope&limitationsofthisassuranceengagement,thatBLP's2012SustainabilityReportisafairand
accuraterepresentationoftheCompany'ssustainabilityprogram,managementsystems,andperformance,andisfreefrommaterial
misstatementsoromissions.CventurehasverifiedthatthereportisconsistentwiththeGRIG3guidanceandadherestotheprinciplesof
theAA1000ASstandardwithreliableperformanceinformation,withamoderatelevelofassurance.

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 CVENTURE VERIFICATION STATEMENTS

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