tradesuntechnology companies leveraging artificial intelligence for trade compliance and automation, and Coriolis techniqueTrade data and analytics provider has partnered to launch an integrated solution for banks to measure and validate environmental, social and governance (ESG) performance across trade transactions.
As regulators pressure companies to disclose details of their ESG performance, methods to quantitatively analyze the impact of trade finance activities are essential to meeting regional and international sustainability goals. is.
The integrated solution enables TradeSun clients to leverage Coriolis’ ESG Tracker, an independent ratings-based platform developed by over 50 financial institutions, to assess, monitor and validate trade finance transactions and activities. can. 17 Sustainable Development Goals (SDGs), united nations.
Banks can also view ratings against national and international regulatory frameworks, such as the EU taxonomy, the Sustainable Financial Disclosures Rule, and the US Accounting Standards Board for Sustainability Rules. In addition, financial institutions can search and research company ratings for governance purposes, such as completing personnel checks.
TradeSun’s clients are using Coriolis’ ESG trackers in conjunction with other integrated data partners for additional insight and flexibility, offering financial incentives to clients when financial institutions meet certain ESG criteria. can support
Nigel HookTradeSun’s CEO said: We are excited to work with Rebecca and her team to support more sustainable trade through thoughtful interpretation of the data. Regulators have warned that greater transparency on ESG risks must be a priority for companies, and the only way to achieve that is through a more quantitative measurement of risks across the global financial system. is.
Rebecca HardingCoriolis Technologies CEO said: TradeSun’s use of artificial intelligence solutions as a mechanism to empower its customers is consistent with our approach of using cloud-based data aggregation to drive global trading processes. Collaboration is key to a successful and relevant sustainability assessment, which is why we are very excited to partner with TradeSun.