Beyond the Bottom Line: ESG Ratings – Procurement’s New Moral Compass
The world of procurement is undergoing a significant transformation, propelled by the growing importance of Environmental, Social, and Governance (ESG) factors.
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Coriolis Technologies Working Lunch Recap: Global ESG Monitoring & Assessment Tool & Kosmos Consortium Q&A
We are proud to be working with partners and stakeholders across the trade finance sector in our Kosmos consortium that is seeking to standardise, automate and create independent validation of the ESG status of trade finance transactions.
Our launch Working Lunch on the 14th September had nearly 120 registered attendees. It was clear that banks, corporates and trade associations are excited about engaging with us to create these standards. A huge thank you to those who attended and for those who missed it please see a recording of the session below.
In the session, we demonstrated our unique approach to giving an ESG passport to any business anywhere in the world irrespective of size. This passport is product-based rather than company-based. It allocates the business an automatic independently derived score aligned to sustainable development goals and dual-use goods.
The Coriolis Technologies Kosmos tool provides organisations with the opportunity to demonstrate their commitment to ESG regarding the provision of trade finance. This is particularly the case with the requirement for organisations to ‘Know Your Customer’ (KYC) and ‘Know Your Goods’ (KYG).
We are now collaborating with our partners to add greater country, supply chain and company level granularity to provide a comprehensive and standardised automated score across the world of trade. We are doing this through a consortium of carefully selected industry partners, including ITFA, and are keen to identify additional contributors.
The working lunch on the 14th of September in partnership with ITFA was an opportunity for companies to get a walkthrough of the tool and ask Rebecca Harding, CEO, Coriolis Technologies any questions about the development of the tool and membership of the consortium.
Speakers:
- Johanna Wissing, Director, Credit Suisse (Chair)
- Rebecca Harding, CEO, Coriolis Technologies (Presenter)
To find out more information about the Kosmos Consortium or to get in touch click here.
MultiLateral Monitor Q3 2021
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