BRICS Solution Awards

Risk Insights (Pty) Ltd

Problem and implemented solution

Risk Insights is a leading provider of ESG data and market intelligence on the Africa continent and a top provider of ESG data globally. The company was established in 2009 in South Africa and is the pioneering force in the field of data science and sustainability in Africa. Risk Insights has been at the forefront of revolutionizing the ESG landscape on the continent, applying Artificial Intelligence and Machine Learning's advanced techniques to data and model building. Risk Insights is honoured to be the first female-owned data science boutique with a laser focus on ESG, playing a catalytic role for sustainability reporting in Africa. At Risk Insights, innovation is the DNA of the team. In 2017, Risk Insights took the bold step in pioneering the first machine learning and artificial intelligence rating disclosure tool for ESG, known as ESG GPS, designed specifically for listed companies in Africa. Risk Insights is the only company that has ESG data for all the African Exchanges. As a result, Risk Insights has gathered ESG data for all listed companies across nine African stock exchanges—South Africa, Mauritius, Kenya, Nigeria, Botswana, Ghana, Uganda, Rwanda, and Tanzania—to support African countries in their ESG efforts. Risk Insights is now the largest ESG data provider for Africa globally.

South Africa (SA)
Nomination

Climate And Environmental Technologies

Topic

Climate change control technologies

Estimated duration of implementation

4 years

Implementation geography

Africa - South Africa, Mauritius, Botswana, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Uganda

Description of competitive advantages

The ESG GPS and A Cubed are innovative ESG tools to measure consumption, emission and disclosure data. The following features and benefits offer companies in Africa in both the private owned and public listed companies: Unparalleled details and Glocalization: ESG GPS and A-Cubed stand out with its exceptional features, including sector-specific materiality factors, peer group comparisons, consideration of country regulations, and IFRS S1 and S2 regulations and the interoperability of CSRD and IFRS standards for all companies ranging from small to mid-sized to large corporations. It offers independent ratings and disclosure based on both mandatory, public and voluntary disclosures, and incorporating a contextual analysis that delves into stakeholder sentiment derived from news feeds. Wide-reaching Relevance: ESG GPS and A-Cubed are tools that hold immense value for a diverse spectrum of stakeholders, including asset owners, impact investors, debt holders, capital markets, proxy advisors, rating agencies, shareholders, exchange-traded funds, and the ever-influential millennial demographic. Reporting: ESG GPS and A-Cubed provides a range of reporting options, including a gap analysis to measure the global baseline reporting of companies, Comprehensive disclosure reports, News feed, Rating watch alerts, and Sector-specific material information. This versatility ensures that stakeholders have access to the meaningful insights they require to make informed decisions. Global Best Practices: ESG GPS and A-Cubed take into account the interoperability or all ESG frameworks and best practice such as GRI, TCF and CDP together with regulatory standards that have been expertly tailored to align with the unique laws and regulations of specific countries through digital technology and artificial intelligence. This tailored approach facilitates the avoidance of "negative screening" for domestic companies, offering a more holistic view of their sustainability efforts. In essence, both products are beacons of ESG assessment excellence, providing an indispensable tool for stakeholders in the pursuit of a more responsible and sustainable financial landscape for Africa as global adoption of standards are taking place. These tools are used for measuring and managing ESG risk by several stock exchanges in Africa.

List of awards and prizes, media articles about the organization/individual or the Practice

1. Sustainable Investment Awards - 2022 winner - ESG Data Provider for the year - Africa. 2. Sustainable Investment Awards - 2022 winner -ESG Reporter for the year - Africa.

List of scientific works and IP connected with the Practice

ESG GPS™ Ratings

Contacts

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