RepRisk
 |
|
| Private | |
| Founded | 1998 |
| Headquarters | Zurich, Switzerland |
|
Key people
|
CEO, Dr. Philipp Aeby |
| Website | http://www.reprisk.com |
RepRisk AG is an environmental, social and corporate governance (ESG) research provider headquartered in Zurich, Switzerland.
The company runs an online searchable database on the risk exposure of companies, projects, sectors and countries related to ESG issues. It methodically assesses on a daily basis the risks, allegations, and criticism related to issues such as environmental degradation, human rights abuses and corruption that can impact an organization's reputation, financial profitability or lead to compliance issues. The database is used by financial institutions and corporations as a risk research and monitoring tool.
The database includes as of November 2015 over 60,000 companies and 15,000 projects reported to have links to ESG risks. The database also analyzes ESG risks related to sectors and countries. It also includes data on ESG issues and topics, over 10,000 NGOs, and over 8,000 governmental bodies.
RepRisk was formed in 1998 as ECOFACT, a Zurich-based environmental and social risk consultancy focused on the financial sector. In 2006, its ESG risk database was created at the request of a banking client. In 2010, RepRisk split from the consultancy and became an independent company.
RepRisk screens on a daily basis about 80,000 third-party sources and external stakeholders, including print and online media, news websites, newsletters, NGOs, governmental bodies, think tanks, blogs and Twitter, in 15 languages. his screening is done to identify companies and projects that have been linked to ESG-related risk events. RepRisk monitors 28 ESG issues (for example local pollution, child labor or tax evasion) and 39 topic tags, or "hot topics" (such as palm oil, Arctic drilling, indigenous people, coal, or water scarcity). The research scope is defined in accordance with international standards and norms, such as the ten principles of the United Nations Global Compact (UNGC).
The analysis process has five steps. After the screening of the sources, the relevant items are identified and filtered. An analyst then studies the news to define the severity and novelty of the event, and the source of the information. The relevant entities such as companies, projects, sectors, and countries, are linked to the risk event and a summary is written. After that, the news undergo a quality check. The final step is the quantification of the risk event before the data is added to the database, the RepRisk ESG Risk Platform. The quantification is done through the RepRisk Index (RRI) (see next section).
The RepRisk Index (RRI) is a proprietary algorithm that quantifies a company's exposure to ESG risks. The RRI does not measure reputation, but is an indicator of reputational risk related to ESG issues.
...
Wikipedia