Trade and compliance company TradeSun acquired trade and data analytics provider Coriolis Technologies to enhance compliance with environmental, social and governance (ESG) factors in trading.
The acquisition follows a collaboration agreement the two companies signed earlier in the year, TradeSun announced Monday. financial kingThe company added that the acquisition is the first move toward expansion.
The acquisition also means that Dr. Rebecca Harding, the founder of Coriolis, will move into the new company’s strategic advisory capacity, Tradesun said.
TradeSun will offer Coriolis ESG products, including an independent ratings-based platform developed by over 50 financial institutions. Scoring, monitoring, and validating supply chain players against other major regulatory frameworks such as Trade Promoting supply chain transparency by measuring ESG impact at all tiers of the supply chain We do, explains TradeSun.
Additionally, TradeSun said the acquisition of Coriolis will enhance the ability of global and regional banks to introduce more innovation to their trading. Nigel Hook, his CEO and founder of TradeSun, believes banks will take a more central role in advocating for more sustainable practices in the trading ecosystem.
This acquisition will help both financial institutions and supply chain players to assess and change their businesses to meet their industry and sovereign ESG goals, Hook added.
Recent ESG Initiatives
In July, Sydney-based Vantage launched an ESG program in partnership with Australian automotive YouTube star Supercar Blondie. The multi-asset broker said his company’s ESG commitment was driven by the passion of its employees.
In early June, NASDAQ revealed plans to acquire Metrio, a provider of ESG data collection, analysis and reporting services based in Canada, and integrate its software into a suite of ESG solutions.
Meanwhile, in May, Temenos, a SIX-listed banking software provider, launched ESG investing as a service. Temenos said the service is aimed at banks and wealth managers.
Trade and compliance company TradeSun acquired trade and data analytics provider Coriolis Technologies to enhance compliance with environmental, social and governance (ESG) factors in trading.
The acquisition follows a collaboration agreement the two companies signed earlier in the year, TradeSun announced Monday. financial kingThe company added that the acquisition is the first move toward expansion.
The acquisition also means that Dr. Rebecca Harding, the founder of Coriolis, will move into the new company’s strategic advisory capacity, Tradesun said.
TradeSun will offer Coriolis ESG products, including an independent ratings-based platform developed by over 50 financial institutions. Scoring, monitoring, and validating supply chain players against other major regulatory frameworks such as Trade Promoting supply chain transparency by measuring ESG impact at all tiers of the supply chain We do, explains TradeSun.
Additionally, TradeSun said the acquisition of Coriolis will enhance the ability of global and regional banks to introduce more innovation to their trading. Nigel Hook, his CEO and founder of TradeSun, believes banks will take a more central role in advocating for more sustainable practices in the trading ecosystem.
This acquisition will help both financial institutions and supply chain players to assess and change their businesses to meet their industry and sovereign ESG goals, Hook added.
Recent ESG Initiatives
In July, Sydney-based Vantage launched an ESG program in partnership with Australian automotive YouTube star Supercar Blondie. The multi-asset broker said his company’s ESG commitment was driven by the passion of its employees.
In early June, NASDAQ revealed plans to acquire Metrio, a provider of ESG data collection, analysis and reporting services based in Canada, and integrate its software into a suite of ESG solutions.
Meanwhile, in May, Temenos, a SIX-listed banking software provider, launched ESG investing as a service. Temenos said the service is aimed at banks and wealth managers.