Environmental, Social and Governance
Environmental, Social and Governance
Environmental, social and governance (ESG) is one of – if not the – most important topics of our time.
It is not only the right thing to focus on; it makes perfect business sense. ESG performance correlates highly with stock performance and a lower cost of capital, research suggests.
For global trade, supply chains reaching around the world make it an inherently complex business. Multiple stakeholders in different jurisdictions make it difficult to accurately assess the ESG risks of a good, service and, therefore, trade transaction.
We believe technology is the way forward for robust and accurate ESG risk reporting for companies. For this reason, we are forging partnerships and launching innovative solutions, such as our automated scoring tool CoriolisESG, to track customers’ ESG performance as well as our own.
CoriolisESG
In the medium term, banks will be required to report on ESG risk across their portfolios. With no agreed standard for this reporting, there is growing risk of cost escalation and ‘greenwashing’.
While the financial services sector currently relies on self-reporting for climate-related information, banks will increasingly be required to conduct business based on clients’ sustainability profiles by monitoring and assessing their ESG performance.
In 2022, we acquired a major ESG data player, CoriolisESG, enabling TradeSun to rollout automated ESG scoring across global trade and supply chain to better measure industry’s impact on our planet and people.
Sustainable Development Goals
Sustainable Finance Disclosure Regulations
EU Taxonomy Regulations
Key features of CoriolisESG:
- Facilitates supply chain transparency and measures ESG impact across all supply chain tiers.
- Automated scoring for each stakeholder in the supply chain against Sustainable Development Goals and other regulations.
- Company governance and background information.
- Supply chain risk scores through a searchable company and product database.
- Company level risk scores through products, reporting and adverse news.
- Covers Potential Adverse Impact scores.
In the News:
TradeSun acquires UK ESG company Coriolis
The strategic acquisition will allow the TradeSun network, of global and regional banks around the world, to expand with further innovation across trade and the supply chain…. Read more
TradeSun ramps up ESG focus with Coriolis acquisition
Trade finance technology firm TradeSun has bought trade data and analytics provider Coriolis Technologies … as it seeks to expand its offering around ESG-compliant trade … Read more
Global Trade Needs ESG Risk Scoring to Hit its Targets
As concerns around sustainability have grown exponentially, the focus on how to measure ESG risks has swiftly sharpened, writes Nigel Hook, TradeSun CEO and Founder, for Financial IT… Read more
Organizational Level
We firmly believe that sustainability starts at home.
We were pleased to partner with SustainableHQ earlier this year to track our ESG journey.
As ESG fast becomes the priority for business and society, it is imperative that companies operating across global trade, a major contributor to global business emissions, better measure their impact.
“Because ESG efforts are a journey, bumps along the way are to be expected … Companies that embed purpose in their business model not only mitigate risk; they can also create value from their values.”
McKinsey
We know there is still much work to do, but we believe transparency will be crucial to improving the ESG impact of all businesses.
