ESG Book, a leading sustainability data and technology company, has recently stepped into the spotlight with its groundbreaking initiative.
According to ESG Today, the launch of ESG Book’s new tool, Risk Score, marks a significant advancement in the realm of environmental, social, and governance (ESG) analysis. This tool represents the company’s response to a growing need for comprehensive and accessible methods to assess corporate exposure to crucial sustainability issues.
ESG Book has established itself as a prominent player in the FinTech industry, focusing on delivering advanced, technology-driven solutions for sustainability data management. Their mission revolves around empowering investors and corporations with accurate, real-time ESG data for informed decision-making.
Risk Score, the latest addition to ESG Book’s product suite, offers a unique approach to evaluating company exposure to ESG concerns. It leverages over 200 metrics and covers more than 10,000 companies, providing in-depth analytics on adherence to the UN Global Compact (UNGC) principles. This tool is a game-changer for both investors and corporates, offering detailed insights and historical data for robust risk analysis.
Complementing its existing ESG Performance Score, Risk Score is a testament to ESG Book’s commitment to enhancing corporate sustainability assessments. This tool aligns with the SASB’s materiality framework, ensuring relevance and precision in its analyses.
The introduction of Risk Score coincides with ESG Book’s insightful study on the UNGC principles. The study reveals intriguing trends, highlighting that U.S. and Canadian companies face higher risks in violating UNGC’s environmental principles, while Asian and European companies exhibit varied exposures to these sustainability challenges.
ESG Book CEO, Daniel Klier, emphasized the versatility and importance of Risk Score, stating: “The Risk Score is designed with both investors and corporates in mind. Investors can use the score as a universe selection, portfolio monitoring, and engagement tool by identifying companies that are more exposed to critical ESG issues, while corporates can use the score to systematically assess their own exposures, conduct peer comparisons, and identify disclosure gaps.”
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