Coriolis Technologies partnership - ESG scoring

TradeSun and Coriolis Technologies partner for ESG scoring of trade transactions

 

Del Mar, CA – August 3, 2022 TradeSun, a technology company leveraging artificial intelligence for trade compliance and automation, and Coriolis Technologies, a leading trade data and analytics provider, have partnered to launch an integrated solution for banks to measure and verify environmental, social and governance (ESG) performance across trade transactions.

With regulators applying pressure on companies to disclose more detail on ESG performance, quantitative ways of analyzing the impact of trade finance activities are vital in achieving regional and international sustainability targets.

The combined solution enables TradeSun customers to leverage Coriolis’ ESG Tracker, an independent ratings-based platform developed with more than 50 financial institutions, to score, monitor, and verify their trade finance transactions and activities against the 17 Sustainable Development Goals (SDGs), as defined by the United Nations.

Banks can also view ratings against domestic and international regulatory frameworks such as EU Taxonomy, Sustainable Finance Disclosures Regulation, and US Sustainability Accounting Standards Board Regulations. Additionally, financial institutions can search and explore company ratings for governance purposes, including completing a personnel check.

Customers of TradeSun will be able to use Coriolis’ ESG Tracker in tandem with other integrated data partners, enabling further insights, flexibility, and aiding financial institutions in offering financial incentives to their clients upon meeting specific ESG criteria.

Nigel Hook, TradeSun CEO, said: “Data analysis and better visibility across trade are core to meeting the UN’s SDGs. We are pleased to be working with Rebecca and her team to support more sustainable trade through thoughtful interpretation of data. Regulators are warning that increasing transparency of ESG risks must be a priority for companies – and the only way to achieve that is more quantitative ways of measuring risks across the global financial system.”

Rebecca Harding, CEO of Coriolis Technologies, said: “TradeSun’s innovative approach to the digitalization of trade matches perfectly with Coriolis Technologies’ ambition to make the complex nature of trade accessible to all, expanding economic prosperity for companies, countries, and their people. TradeSun’s use of artificial intelligence solutions as a mechanism to empower customers aligns with our approach of using cloud-based data aggregation to advance global trade processes. Collaboration is key to successful and applicable sustainability assessments, which is why we are incredibly excited to partner with TradeSun.”

 

Contact
Maddy White
Communications
mwhite@tradesun.com; info@tradesun.com

Kris Makuch
Chief Digital Officer
kris.makuch@coriolistechnologies.com 

 

About TradeSun: TradeSun is an innovator and leader in trade digitalization. Our award-winning AI-powered platform for trade finance processing and compliance empowers our customers to reduce risk and fuel growth by leveraging state-of-the-art technologies. The TradeSun Platform is a one-stop solution that automates document review, significantly reducing processing times. It offers real-time compliance, covering trade-based money laundering, dual use goods, fair price, vessel tracking and sanctions: TradeSun

About Coriolis Technologies: Coriolis Technologies is a leading trade data and analytics provider, offering real-time insight into global environmental, social and governance efforts. Coriolis Technologies aggregates global trade data from unique and secure sources. Proprietary technology analyzes the data, producing vital intelligence for banks and businesses, scoring company activity against essential industry requirements, including Sustainable Development Goals and ESG regulation. Coriolis

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