Bloomberg, one of the world’s biggest providers of financial data, has been accused of misleading investors about the environmental credentials of bonds worth more than $50 billion.
An investigation by Byline Times with the research group Point Source has revealed that the company listed dozens of bonds as raising funds to be used for a “sustainable purpose” when in reality there were no restrictions on how the money could be used – and according to company filing documents, they could fund the daily operations of fossil fuel companies and deforestation-linked beef producers.
