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Bloomberg Chairman Outlines ESG Strategy Date: June 24, 2010

ASrIA Member

(Responsible Investor) - Bloomberg chairman Peter Grauer has mapped out the data giant’s strategy in the environmental, social and governance (ESG) space in a major keynote speech at Responsible Investor‘s ESG USA conference in New York.

Bloomberg has made ESG a strategic focus, recently buying environmental data provider New Energy Finance amid a consolidation of the ESG research sector.

Arch rival Thomson Reuters has also enhanced its offering in the area, with the acquisition of ASSET4 and Point Carbon. And index firm MSCI has become a player with the takeover of RiskMetrics, which includes the former Innovest and KLD research houses.

Grauer said the firm believes ESG will become fundamental to equity market analysis. Grauer said: “We believe this will be a long term growth area for us. We’ve really only just begun.”

For more on the Responsible Investor article, visit: http://www.responsible-investor.com/home/article/bloomberg_chief_outlines_esg/

Download the ESG USA 2010 Conference Brochure & Presentations at: http://www.responsible-investor.com/images/uploads/reports/ESG_USA_2010.pdf

Organised by Responsible Investor, in association with the Social Investment Forum and Bloomberg, the conference was held on 23 June in New York.