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Interos is expanding ESG risk coverage to promote transparent and ethical supply chains

Thursday 25th Apr 2024    5
Interos is expanding ESG risk coverage to promote transparent and ethical supply chains
 

Interos, an AI-driven supply chain risk management company, announced its enhanced risk model (environmental, social and governance) to accelerate sustainability and compliance across global supply chains.

The cutting-edge enterprise technology leverages approach Sophisticated, multi-source data to add depth and context to ESG risk data, helping organizations define and prioritize business response.

Interos' latest innovation, introduced at the company's annual Customer Summit, expands the ESG landscape Governance risk coverage standards for important metrics on Scope 1, 2 and 3 emissions, forced labor, government intervention, diversity, corporate ownership and more.

“The improvement is consistent with increased regulatory action that redefines corporate ESG risk practices, Including the EU Supply Chain Act and the Uyghur Forced Labor Prevention Act (UFLPA) in the US Interos Summit attendees praised the model's emissions data in particular, citing the challenge of obtaining reliable Scope 1, 2 and 3 information. .

“Leaders across industries recognize that the majority of ESG breaches originate in downstream supply chains, underscoring the importance of reliable data to support proactive and ongoing lifecycle risk management,” said Andrea Little Limbago, Vice President of Research and Insights. At Interos: “By integrating data-driven ESG considerations into operational strategies, organizations can protect their financial performance and reputation, while addressing profound human impact.”

Improvement The risk model provides deeper context for key governance-related sub-factors. Environmental, Social and Governance (ESG) technology that drives disruption, giving organizations the flexibility to interpret data consistent with their organization's risk appetite

Commenting on the development, Maria Malle, Head of US ESG Solutions at ESG Book, said: “ Demand for transparent, technology-driven sustainability reporting is growing, driven by the rapidly changing ESG risk landscape. As more companies adapt their risk frameworks to integrate ESG and climate considerations into their corporate strategies, we are pleased to support the adoption of next-generation supply chain data solutions.

 
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