illuminem summarizes for you the essential news of the day. Read the full piece on FinTech Global or enjoy below:

🗞️ Driving the news: Bloomberg has enhanced its climate solutions suite to help investors better assess corporate carbon emission targets and transition risks
• New tools provide insights into how companies’ revenues could be impacted under different climate scenarios

🔭 The context: As financial markets shift towards sustainability, Bloomberg's suite, including the Transition Risk Assessment Company Tool (TRACT), evaluates over 70,000 companies based on climate-related business risks
• These enhancements build on BloombergNEF’s data to project how various pathways impact industries

🌍 Why it matters for the planet: By providing detailed climate transition risk insights, Bloomberg helps align investment strategies with net-zero goals, contributing to better-informed decisions in reducing global carbon footprints

⏭️ What's next: Bloomberg's tools will assist investors in evaluating the credibility of corporate climate targets and guide portfolios toward sustainable transition strategies

💬 One quote: “At BNEF we developed the TRACT model to provide clients with a granular approach to transition risk assessments,” said Alexandra Toft, BloombergNEF COO

📈 One stat: TRACT assesses revenue risks and opportunities for over 70,000 companies globally

Click for more news covering the latest on ESG