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Interos Expands ESG Risk Coverage to Bolster Transparent and Ethical Supply ChainsEnhanced risk model pre-empts threats for sustainable resilience and social responsibility across mission-critical supply chains ARLINGTON, Va., April 24, 2024 /PRNewswire/ -- Interos, the AI-first supply chain risk company, today announced its enhanced ESG (Environmental, Social, and Governance) risk model to accelerate sustainability and compliance across global supply chains. The cutting-edge technology leverages a sophisticated, multi-source data approach to embed depth and context to ESG risk data, helping organizations identify and prioritize enterprise response. Interos' latest innovation, featured at the company's annual customer summit, extends ESG risk coverage to critical metrics on Scope 1, 2, and 3 emissions, forced labor, government intervention, diversity, corporate ownership, and more. It includes proprietary data from a range of sources, including ESG Book, a leading global sustainability and technology company. The enhancement aligns with a surge in regulatory actions redefining corporate ESG risk practices, including the E.U. Supply Chain Act and the Uyghur Forced Labor Prevention Act (UFLPA) in the U.S. Attendees at the Interos summit praised the model's emissions data in particular, noting the challenge of sourcing reliable Scope 1, 2, and 3 intelligence. "Leaders across industries recognize a majority of ESG violations originate in sub-tier supply chains, emphasizing the criticality of trusted data to support proactive and continuous lifecycle risk management," explains Andrea Little Limbago, VP Research & Insights, Interos. "By integrating data driven ESG considerations into operational strategies, organizations can safeguard their financial performance and reputation, while also addressing the profound human impact." The enhanced risk model provides deeper context for key ESG sub-factors that trigger disruption, giving organizations the flexibility to interpret data aligned to their organization's risk appetite. Maria Mähl, Head of USA ESG Solutions at ESG Book, noted that growing public scrutiny has made ESG a dominant force in corporate agendas, saying "Demand for transparent, technology-enabled sustainability information is growing, driven by a fast-evolving ESG risk landscape. With more and more businesses adapting their risk frameworks to integrate ESG and climate considerations into corporate strategies, we are pleased to support the adoption of next generation supply chain data solutions." The updated ESG risk model accelerates organizations to proactive risk approaches anchored in trasparent, traceable, and verified data. It monitors a range of critical attributes reflecting the multi-faceted nature of ESG threats:
Josh Whitney, Accenture's North America lead, Sustainable Value Chain and ESG Measurement and Reporting, highlighted the critical role of sub-tier ESG data in supporting business performance. "Accenture is proud of the outstanding collaboration between Interos and ESG Book, both members of our Project Spotlight investment and engagement program, to reinvent the role that N-tier ESG supply chain data can play in enabling more sustainable and resilient businesses," Whitney explained. "Supply chain ESG risks are strongly tied to business value, making multi-tier risk identification, measurement and modeling essential. The combination of Interos' ESG risk model, with ESG Book's database of reported ESG risk scores and supporting data, will provide deeper visibility into ESG risks, allowing companies to plan proactive responses and mitigate disruption. This can enable improved efficiencies and performance, resulting in responsible business practices that drive long-term growth." Interos' pioneering risk intelligence platform enables real-time multi-tier supply chain mapping and monitoring at speed and scale. The company's award-winning technology continuously analyzes 400+ million global entities for regulatory violations, cyber-attacks, ESG issues and other systemic threats that trigger disruption. About Interos About ESG Book Media Contact: View original content to download multimedia:https://www.prnewswire.com/news-releases/interos-expands-esg-risk-coverage-to-bolster-transparent-and-ethical-supply-chains-302125334.html SOURCE Interos |