September 22, 2021, Zurich, Switzerland
RepRisk partners with Fitch Group to provide ESG risk data for controversies metrics in Sustainable Fitch ESG Ratings
# Daily-updated, comprehensive ESG data from RepRisk to enhance Sustainable Fitch ESG Ratings, evaluations, and analyses
Fitch Group, a global leader in financial information services, has launched its enhanced ESG offering, Sustainable Fitch, which will use data from RepRisk, a leading ESG data science firm combining machine learning and human intelligence to identify ESG risks. The insights and data derived from RepRisk’s ESG Risk Platform, among data from other sources, will be used to enhance Sustainable Fitch’s ESG Ratings, evaluations, and analyses on financial instruments, companies, industry sectors, and countries.
The RepRisk ESG Risk Platform is the world’s largest and most comprehensive dataset on ESG risks – covering 280,000+ public and private companies across every sector and market – and offers daily-updated, quantitative risk metrics and analytics as well as qualitative research for ESG integration and risk management processes. RepRisk data will enhance Sustainable Fitch’s ESG Ratings, evaluations, and analyses of institutional and corporate issuers, thereby allowing investors and corporates to better understand their ESG risks and the corresponding credit materiality. This is fundamental in improving the risk management and decision-making processes for these businesses.
Andrew Steel, Head of Sustainable Fitch, said: “We’re very pleased to partner with RepRisk for controversies data. Our ESG analysts will use their data to check for potential environmental and social controversies involving entities or projects which we are rating, including as part of our EU Green Bond standard alignment.”
“RepRisk is excited to be a key ESG data partner for Sustainable Fitch – RepRisk was born out of credit risk management almost two decades ago, so we’re thrilled to be working together with a global leader in this area to strengthen ESG in credit risk analysis,” said Alexandra Mihailescu Cichon, Executive Vice President of Sales and Marketing at RepRisk. “In this moment of heightened demand for more reliable, transparent, and rules-based ESG data, our risk-focused data that goes beyond company disclosures helps investors identify and assess material ESG risks that can lead to bottom-line financial, reputational, and compliance impacts for a company.”
About RepRisk
Founded in 1998 and headquartered in Switzerland, RepRisk is a global technology company that provides transparency on business conduct risks like deforestation, human rights abuses, and corruption. RepRisk enables efficient decision-making for clients and supports alpha generation and value preservation for their organization, investments, and business interests. RepRisk is trusted by 80+ of the world’s leading banks, 17 of the 25 largest investment managers, corporates, and the world’s largest sovereign wealth funds for their due diligence processes. RepRisk uses human curation and cutting-edge artificial intelligence to generate the world’s most comprehensive business conduct and biodiversity risk datasets on public and private companies, real assets, and countries.
Visit us at www.reprisk.com.