CRIF has today launched its new ESG Analytics solution. Designed to support companies in the assessment of their UK and EU-based suppliers', partners' and customers' ESG profiles, the tool draws on over 130 key indicators from UK and EU data points, analysing information on such areas as water usage, waste production, emission, health and safety, and modern slavery.

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 insurers 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."

CRIF's latest tool complements its existing Synesgy service, which enables businesses to assess the ESG credentials of their entire supply chain via self-reported questionnaires.

“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 help inform their decision-making in this ever-more important area of work. And by working with regulatory bodies all around the world, we ensure we remain at the forefront of regulation so we can pass this knowledge onto UK financial institutions,” Costantini added.

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