SAN
FRANCISCO, July 31, 2024 /PRNewswire/ -- OS-Climate
is pleased to announce that Bloomberg LP has joined its growing
community of members. As part of OS-Climate, Bloomberg will help
support initiatives aimed at building data and software tools,
available to all, that utilize open source technology to help
foster the development of solutions in climate and sustainability
risk analysis, risk management, and regulatory compliance.
In addition, Ben
Carr, Bloomberg's Global Head of Climate Risk Products will
represent the firm on OS-Climate's Governing Board.
OS-Climate's goal is to foster open source
collaboration between technical experts from NGOs, governments,
financial institutions, academia, and companies, with a view to
accelerating the creation of software and data that can help inform
individual decision making relevant for assessing progress towards
the Paris Climate Accord goals. As an umbrella project of The Linux
Foundation, the initiative aims to facilitate technical
collaboration in a well-structured, open source environment,
avoiding wheel reinvention, creating efficiencies, and tapping
shared knowledge. All OS-Climate data and code are subject to
open-source licenses that allow members and non-members to
incorporate the relevant data and code in proprietary or commercial
products and services.
"We are delighted to welcome Bloomberg LP to
OS-Climate. As a trusted provider of data and analytics,
Bloomberg's expertise will make a valuable contribution to open
source collaboration within the OS-Climate community," said
Truman Semans, CEO of OS-Climate.
"We look forward to working together to develop an open source tool
which can be used to quantify how companies are implementing their
individually stated climate goals and aligning with other goals and
benchmarks."
"Bloomberg LP is pleased to join OS-Climate to
support open source collaboration and accelerate the development of
tools that can help our clients, and the investment community at
large, to succeed in a rapidly evolving world," said Ben Carr. "The financial services industry is in
need of robust data and analytical tools to assess exposure to
climate risk, enhance the credibility of sustainable finance and
help investors identify climate-aligned companies."
Applying knowledge gained from its successful
involvement in other Linux Foundation initiatives, Bloomberg will
assess opportunities to support OS-Climate open source projects
such as those projects to develop Data Mesh and geospatial
data capabilities, a Physical Risk and Resilience Tool, a Portfolio
Alignment Tool, and a Transition Scenario Analysis Tool.
Bloomberg LP's sustainable finance solutions span ESG data,
sustainable debt and climate risk. In addition, Bloomberg
Terminal users have access to ESG research from Bloomberg
Intelligence and BloombergNEF. For more information, visit
Bloomberg Sustainable Finance Solutions.
About OS-Climate
OS-Climate is a non-profit community of collaboration between
companies developing data and analytics solutions for
climate-aligned finance, investing, business, policy and
regulation, and economic development. Its members include asset
owners, asset managers, banks, and financial information,
technology, and consulting companies. It is part of the Linux
Foundation. To learn, please visit os-climate.org.
Media Contact:
Noah Lehman
The Linux Foundation
nlehman@linuxfoundation.org
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SOURCE The Linux Foundation