RepRisk, an ESG data science company, has recently launched ESG risk data on the Snowflake Marketplace.
ESG risk data availability on Snowflake Marketplace will enable joint customers to access independent ESG risk data efficiently while simplifying and safeguarding their internal data processes.
The new ESG risk data will allow customers to gain a better understanding of their ESG risk exposure by leveraging an ESG risk dataset that is unique in the industry.
To generate their dataset, RepRisk intentionally excludes company self-disclosures to provide clear and transparent insights on a company’s ESG and business conduct risks.
RepRisk takes an outside-in approach by looking at a broad range of public media and stakeholder sources in 23 languages to identify ESG risks – with daily data updates across 101 ESG risk factors mapped to standards such as UNGC, SASB, and SDGs.
RepRisk enables companies, investors, and others to proactively mitigate these risks that can lead to reputational, compliance, and financial impacts for the company and its stakeholders, as well as impacts on people and the planet.
RepRisk head of business development Jenny Nordby said, “This partnership represents the growing consensus across financial services that ESG data is imperative for robust and decisive financial decision-making. We are happy to partner with Snowflake to enable our joint customers to seamlessly plug ESG data into their internal systems, and ultimately, use that data to mitigate risk and improve business conduct.”
RepRisk claims itself and Snowflake are working together to help customers make informed business decisions and drive innovation by enabling effective data security, scalability, assessment, and governance.
Kieran Kennedy – head of Snowflake Marketplace – added, “With its capacity to identify and assess material ESG risk, RepRisk’s dataset is aligned with Snowflake’s efforts to drive more sustainable, informed, and smart financial decision-making – all within a more streamlined and efficient process. We’re looking forward to seeing how this addition will lead to the consideration and implementation of ESG for our customers.”
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