ESG Book and Risk Labs have entered a strategic partnership to address the growing need for environmental, social, and governance (ESG) solutions in the Middle East and North Africa (MENA) region. This alliance combines ESG Book’s comprehensive ESG data capabilities with Risk Labs’ regional expertise to help financial institutions and corporations integrate ESG factors into their strategies.
Key Impact Points:
– Strategic Alliance: ESG Book teams up with Risk Labs to improve ESG solutions for MENA financial institutions and corporations.
– Extensive ESG Data: ESG Book offers a vast array of ESG and climate data covering over 50,000 companies and 200,000 disclosures.
– Growing Demand: Increased sustainability regulations fuel the demand for top-quality ESG data in the MENA region.
ESG Book, a prominent player in sustainability data and technology, has collaborated with Risk Labs, specialists in Treasury, Compliance, Risk, and Finance disciplines. This partnership aims to meet the rising demand for ESG solutions throughout the MENA region.
ESG Book’s platform covers over 50,000 companies, providing ESG and climate data, company and portfolio-level scores, and advanced analytical tools. The platform, which facilitates ESG reporting for companies and investors, features nearly 200,000 corporate disclosures.
“We conducted a thorough selection process to identify a leader in ESG data provision and analytics, and we are thrilled to partner with ESG Book. They are a highly respected global authority with extensive experience in ESG and climate data, which is crucial for the strategic decision-making of corporates and financial institutions,” said Ziauddin Ishaq, Managing Partner of Risk Software Labs Ltd.
This partnership addresses the rapid increase in market demand for high-quality ESG data, driven by stringent global sustainability regulations. In the MENA region, ESG and climate-related reporting are becoming more common, with new guidelines for firms listed on Gulf exchanges and the GCC’s efforts to create unified ESG disclosure standards.
“We are excited to collaborate with Risk Labs to expand our presence in the MENA region, where there is a growing demand for transparent, technology-enabled ESG solutions. This partnership demonstrates our commitment to providing organizations with the data and insights needed to navigate the evolving sustainable finance landscape,” said Nicolas Bös, Chief Technology Officer of ESG Book.
Risk Labs, with over thirty years of industry experience, offers practitioner-based solutions in Treasury, Compliance, Risk, and Finance disciplines. Their strong presence in the Middle East and North Africa supports financial institutions and corporations in leveraging market opportunities within their strategic programs.
ESG Book’s cloud-based sustainability dashboard provides ESG performance management, peer benchmarking, and regulatory compliance solutions. As more companies adopt ESG practices, this partnership ensures they meet ESG and climate disclosure requirements while gaining valuable analytical insights.
Increased global sustainability regulations and regional efforts, such as the 2023 PwC Middle East ESG Report, which found that 64% of respondents had an ESG strategy in place, underscore the significance of this collaboration in promoting ESG integration in the MENA region. This partnership between ESG Book and Risk Labs highlights the crucial role of strategic alliances in advancing sustainability and addressing the evolving needs of the global market.