Bloomberg Integrates SASB Standards Into Annual Public Report
Jun 11, 2015 1:35 PM ET
Campaign:
Bloomberg: Sustainable Business
Originally posted on SASB.org.
Bloomberg LP issued its 2014 Impact Report, and readers might be prompted to reconsider everything they think they know about SASB standards.
After all, the Standards are intended for use by publicly traded corporations, designed for compliance with SEC regulation, and focused on disclosure to investors. However, the New York-based business and financial information, technology, and media company is privately owned.
As a private firm, Bloomberg has no regulatory requirements to meet and no obligation to manage the expectations and information needs of public shareholders. Why would the company voluntarily disclose more information than necessary? The answer is simple.
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