Harnessing the Talents of Team Bloomberg to Have a Transformative Impact
“Bloomberg helped me navigate the limitations of 2020 and made it possible for me to continue to contribute to my favorite nonprofit organizations, making an impact in my community.”
São Paulo, Brazil
Bloomberg L.P. quickly responded when the COVID-19 pandemic began, providing additional resources to nonprofit partners around the world so they could continue their critical work at a time of heightened demand, supporting new COVID-19 response efforts, and adapting employee volunteering programs to the new virtual environment. Here are just a few highlights:
Bloomberg L.P. helped set up an emergency fund for civil society and cultural nonprofits in London, the home of the company’s European headquarters. The London Community Response Fund grew to 65 funders and distributed nearly £42 million to over 2,000 nonprofits across the city. Employees across the company shared expertise to assess applications and amplify fundraising efforts.
Through volunteering, grants, and pro bono support to over 150 nonprofit partners and food banks, the company contributed over 2.4 million meals to those most in need in nearly 100 cities around the world.
Bloomberg L.P. also contributed over 51,000 masks — usually reserved for employees during periods of poor air quality — to help protect medical workers in New York City; Frankfurt, Germany; and across the United Kingdom.
Employees Engaged in Volunteer, Giving, and Cultural Access Programs
Student Mentoring Interactions
Mentoring Remotely with Partners Across Asia
As COVID-19 disrupted the education of millions of young people globally, Bloomberg L.P. pivoted its mentoring programs to be delivered virtually. Through nonprofit partners Junior Achievement Asia Pacific and Teach For India, members of the Women’s Buyside Community mentored over 200 female high school and university students across Hong Kong, India, Japan, and Singapore about succeeding in finance as women.
Over 11,600 employees from more than 100 cities around the world volunteered to support their communities during this challenging time. As the pandemic swept the world, Bloomberg L.P. quickly pivoted its employee volunteer opportunities from in-person to virtual programs and launched new projects to address emerging needs.
For example, Bloomberg L.P. launched a volunteer project where over 600 employees from 16 Asia-Pacific offices assembled over 2,600 kits with toiletries and household cleaning products to be delivered to essential workers and the vulnerable in their communities.
As another example of cross-office collaboration, over 2,100 employees across 68 cities used their skills to add roads, buildings, and other key logistical data missing from existing maps of remote areas around the world in order to help relief workers serve these areas. This work was done through the company’s ongoing partnership with the Humanitarian OpenStreetMap Team, which works with organizations on “open mapping” for disaster response efforts and community development around the world.
In addition, employees were able to continue to mentor young people and others in need in their local communities virtually. These opportunities ranged from teaching English to students across China to providing career readiness mentorship to young refugees in London and U.S. veterans transitioning out of the military and into the job market during this time of record unemployment.
A Full-Team Response
Every part of the company came together for an all-hands-on-deck response to this unprecedented crisis. Here are just a few examples:
Employees supported students through the Girls Who Invest Summer Bootcamp with Bloomberg Terminal access and training as well as mentorship to ensure their education continued uninterrupted by the pandemic as part of the Bloomberg commitment to making the world of finance more accessible to young women and other underrepresented groups.
A Python coding workshop built to inspire students who are typically underrepresented in STEM expanded from biannual sessions in New York to three multi-week, virtual programs with students in New York; Frankfurt, Germany; and São Paulo, Brazil.
Team members hosted webinars on COVID-19 in Africa for alumni of the Bloomberg Media Initiative Africa, a financial journalism training program. The initiative also helped share accurate data and public health guidance with alumni and other stakeholders across 38 African countries to combat misinformation.
The Legal teams in New York and London provided pro bono support to nonprofits, small businesses, and individuals, including helping them navigate pandemic-related financial challenges and applying for government aid, such as through the City Bar Justice Center’s COVID-19 Small Business Initiative in New York City.
The team worked around the clock to expand the resources available for the global Bloomberg community to remain safe, healthy, and connected — and lent their expertise to support nonprofit partners’ COVID-19 response efforts.
Marketing and Communications
Team members created and presented a crisis communications curriculum focused on improving public relations and community outreach during the pandemic to more than 500 small business owners enrolled in the Goldman Sachs 10,000 Small Businesses program.
Top photo: A Bloomberg L.P. employee in São Paulo, Brazil, participates in a mask-making project, while Bloomberg L.P. employees in Singapore and Hong Kong package toiletries and household cleaning products to be delivered to essential workers and others.