RepRisk’s Business Intelligence will be an input to SASB’s Sustainable Accounting Practices


05/03/2015

So as to harness the power of business intelligence provided by big data, the Sustainability and Accounting Standard Board has decided to avail of RepRisk’s services and use it as a form of input, amongst others, to develop verifiable Sustainable Accounting Standards.



RepRisk is a leader in the emerging field of business intelligence (BI). It specialises in environmental, social and governance (ESG) dynamics of risk analytics metrics. On a daily basis, RepRisk systematically harvests information from big data keeping a broad range of open intelligence sources as parameters. These open intelligence sources come in 15 different flavours, which are then further disseminated so as to sort, filter, analyse and quantify ESG related risks that are likely to affect countries, sectors, projects and companies.
 
This disseminated data provides a deep insight into a business concern’s processes, commitments and policies, which can consistently help it boost its performance and thus its profits.
 
Since 2006, RepRisk has developed and built, and is continuously doing so, an ESG risk database, that serves as a tool for business intelligence. The widely available data that essentially was hiding in plain sight, once treated by RepRisks algorithms, acts as a fantastic tool that can forewarn and provide early warnings for risk management, investment management, supplier risk management, corporate benchmarking and compliance.
 
Its database currently covers risk profiles for more than 50,000 public and private enterprises, and 12,000 projects. It covers every available business sector in every country in the world.
 
Headquartered in Zurich, Switzerland, RepRisks has clients all over the world, including insurance companies, globalised banks, various corporates investment managers. It helps them all mitigate reputational and ESG related risks on a day-to-day basis.
 
RepRisk has now disclosed that its dynamic ESG risk management data will be extensively used by the Sustainability Accounting Standards Board (SASB) as an input in their evidence-based research.
 
The Sustainability and Accounting Standard Board (SASB) is an independent US-based 501(c)3 non-profit organisation (NPO) that develops and issues industry-specific sustainability accounting standards. These act as guides for companies that need to disclose information regarding its material sustainability during filings to the Securities and Exchange Commission (SEC), so as to provide their shareholders and investors with a more rounded and complete view of its sustainability opportunities and risks.
 
“Both SASB and RepRisk are working to encourage businesses to systematically integrate sustainability in their strategies, processes and disclosure. Our partnership with RepRisk allows us to include valuable data in our research process and enhance our standards with regard to ESG-related risks across industries,” says Jerome Lavigne-Delville, Chief of Standards Development at SASB.
 
Alexandra Mihailescu Cichon, Head of Business Development and Marketing at RepRisk chipped in saying, “RepRisk is very proud that its dynamic ESG risk analysis and metrics are being used by SASB – and believes it is a testament to the robust and comprehensive nature of its research. RepRisk remains committed to providing business intelligence that help business leaders and investors make more informed decisions on ESG issues.”
 
References:
http://www.businesswire.com/news/home/20150428005021/en/RepRisk-Data-SASB-Input-Development-Sustainability-Accounting#.VUS-O46qqkp