CRIF, a provider of European consumer and business credit information, unveils a new platform facilitating UK banks in evaluating the environmental, social, and governance (ESG) profiles of their UK and EU-based suppliers, partners, and customers.
Utilising over 130 indicators sourced from UK and EU data, the CRIF ESG Analytics service offers detailed insights into businesses’ ESG credentials without direct interaction.
With increasing regulatory focus on ESG compliance, CRIF’s solution aids financial institutions in identifying sustainable partners, managing risk exposure, and meeting reporting obligations. The launch marks an expansion of CRIF’s global services, contributing to corporate sustainability standards.
Sara Costantini, CRIF’s regional director for the UK and Ireland, said: “There’s no doubt that protecting the environment for future generations is the number one most pressing challenge for individuals, businesses and governments today.
“Financial institutions will play a crucial role in the transition to a green economy. For banks in particular, efforts to reduce their impact on the environment and promote good governance and social responsibility are going to be more and more important in the near future.
“Considering the growing attention of the regulatory bodies towards ESG compliance in the EU but also in the UK, ESG Analytics enables banks, insurers and corporates to understand the impact of businesses they work with today and helps to inform their decision-making in this ever-more important area of work.
“And by working with regulatory bodies all around the world, we ensure that we remain at the forefront of regulation so we can pass this knowledge onto UK financial institutions.”
ESG Analytics
CRIF’s latest ESG Analytics solution complements its existing Synesgy service, offering businesses a comprehensive understanding of their supply chain’s ESG implications.
Synesgy relies on questionnaire-based reporting to provide detailed, long-term analysis of businesses’ ESG impact, while ESG Analytics empowers businesses to take immediate action towards ESG compliance and sustainability goals.
The introduction of these solutions in the UK extends their global availability, benefiting more than 600,000 companies worldwide, including 350 banks and insurers across 80 countries, and contributing to international corporate sustainability standards.
