Bloomberg has joined the ESG scoring arena, with its own propriety ESG scores, offering environmental and social (ES) scores for 252 companies in the oil and gas sector, and board composition scores for more than 4,300 companies across multiple industries.

Patricia Torres, global head of Bloomberg Sustainable Finance Solutions said, “By providing transparent ESG data and scores, we are helping investors decode raw data that is otherwise hard to compare across companies. For corporates, these scores offer a valuable, quantitative and normalised benchmark that will easily highlight their ESG performance.”

The market for score has recently seen some red faces as companies well scored under criteria have then fallen badly such as Boohoo after some practices have come to light, and there has been widespread doubts as to the varying methodologies and lack of consistent rating.

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