Interos, a leading AI-driven supply chain risk company, has unveiled its enhanced ESG (Environmental, Social, and Governance) risk model aimed at promoting sustainability and compliance in global supply chains. The cutting-edge technology employs a sophisticated, multi-source data approach to provide in-depth insights and context to ESG risk data, enabling organizations to identify and prioritize enterprise response effectively.
At Interos’ recent customer summit, the company showcased its latest innovation, which expands ESG risk coverage to include critical metrics such as emissions, forced labor, government intervention, diversity, corporate ownership, and more. The enhancement aligns with the evolving regulatory landscape that is reshaping corporate ESG risk practices worldwide. Notably, attendees at the summit praised the model’s ability to provide reliable emissions data, which is a challenge in sourcing accurate Scope 1, 2, and 3 intelligence.
Andrea Little Limbago, VP of Research & Insights at Interos, highlighted the importance of trusted data in addressing ESG violations and managing lifecycle risk proactively. By integrating data-driven ESG considerations into operational strategies, organizations can safeguard their financial performance, protect their reputation, and make a positive impact on society.
The updated risk model offers comprehensive context for key ESG sub-factors that trigger disruption, providing organizations with the flexibility to interpret data in alignment with their risk appetite. It includes advanced assessments and metrics for emissions, diversity, forced labor, and foreign ownership, enhancing environmental impact assessments, diversity evaluations, and the identification of unethical labor practices. Furthermore, the technology evaluates the influence and potential disruptions caused by foreign or state ownership in extended supply chains.
The collaboration between Interos and ESG Book, a global sustainability and technology company, has been instrumental in advancing supply chain data solutions for ESG risk management. The increased demand for transparent and technology-enabled sustainability information has led to the integration of ESG and climate considerations into corporate strategies.
Interos’ risk intelligence platform, recognized for its breakthrough capabilities, enables real-time mapping and monitoring of multi-tier supply chains on a global scale. The platform continuously analyzes over 400 million entities worldwide to identify regulatory violations, cyber-attacks, ESG issues, and other systemic threats. This comprehensive approach ensures that organizations can efficiently mitigate risks and protect themselves from disruptions.
With the introduction of their innovative ESG risk model, Interos is empowering organizations to take a proactive approach to risk management. By leveraging transparent, traceable, and verified data, companies can enhance their operational efficiencies, achieve long-term growth, and establish responsible business practices that contribute to a sustainable future.
About Interos:
Interos is a pioneering AI-first supply chain risk management company, dedicated to helping organizations build transparent and trustworthy supply chains. Their risk intelligence platform provides real-time mapping and monitoring of supply chains, enabling faster threat mitigation and proactive response to emerging risks such as regulatory fines, cyber-attacks, and ESG issues. Interos serves a wide range of commercial, government, and public sector customers globally.
About ESG Book:
ESG Book is a global leader in sustainability data and technology, offering market-leading sustainability and climate data as well as an ESG disclosure platform for corporate access to disclosures and analytics. The firm’s cloud-based sustainability dashboard is used by major companies and consultants for ESG performance management and regulatory compliance. ESG Book serves institutional clients worldwide, including leading financial institutions and corporations.
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Interos, a leading AI-driven supply chain risk company, has recently introduced its enhanced ESG (Environmental, Social, and Governance) risk model aimed at promoting sustainability and compliance in global supply chains. This innovation aligns with the evolving regulatory landscape that is reshaping corporate ESG risk practices worldwide.
The enhanced risk model expands coverage by including critical metrics such as emissions, forced labor, government intervention, diversity, corporate ownership, and more. Attendees at Interos’ recent customer summit praised the model’s ability to provide reliable emissions data, which is often a challenge in sourcing accurate information on emissions in supply chains.
Andrea Little Limbago, VP of Research & Insights at Interos, stressed the importance of trusted data in addressing ESG violations and managing risk proactively. By integrating data-driven ESG considerations into operational strategies, organizations can safeguard their financial performance, protect their reputation, and make a positive impact on society.
One advantage of Interos’ enhanced ESG risk model is its comprehensive context for key ESG sub-factors, allowing organizations to interpret data in alignment with their risk appetite. This flexibility enables organizations to prioritize the areas of ESG risk that are most relevant to their operations.
Furthermore, Interos’ risk intelligence platform, known for its breakthrough capabilities, enables real-time mapping and monitoring of multi-tier supply chains on a global scale. The platform continuously analyzes over 400 million entities worldwide to identify regulatory violations, cyber-attacks, ESG issues, and other systemic threats. This comprehensive approach ensures that organizations can efficiently mitigate risks and protect themselves from disruptions.
However, there may be challenges and controversies associated with the use of ESG risk models for sustainable supply chains. Some critics argue that there is a lack of standardized metrics and reporting frameworks, making it difficult to compare and evaluate ESG performance across organizations. Additionally, there is ongoing debate about the role of governments and regulators in enforcing ESG standards and whether voluntary disclosure is sufficient.
In terms of market trends, the demand for transparent and technology-enabled sustainability information is on the rise. Companies are recognizing the importance of integrating ESG and climate considerations into their strategies to meet the expectations of stakeholders, including investors, customers, and employees.
Overall, Interos’ innovative ESG risk model provides organizations with the tools to proactively manage supply chain risk and enhance operational efficiencies. By leveraging transparent, traceable, and verified data, companies can establish responsible business practices that contribute to a sustainable future.
For more information about Interos’ enhanced ESG risk model and their risk intelligence platform, you can visit their website: Interos
To learn more about ESG Book and their sustainability data and technology offerings, you can visit their website: ESG Book