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Wednesday, November 30, 2011
Release–RepRisk releases “RepRisk 2012”, a new version of its online environmental, social and governance (ESG) risk tool for Multinationals
Zurich, November 29, 2011 – RepRisk AG is pleased to announce the release of “RepRisk 2012”, the first enterprise edition of its reputation risk management tool. This software as a service (SaaS) application, previously only provided to financial institutions, can be used to proactively monitor environmental, social and governance (ESG) risk exposure for multinational corporations, sectors or countries.
By capturing negative sentiment on ESG issues from a broad range of stakeholders, RepRisk’s business intelligence provides global industry leaders with insight on controversial practices related to companies, projects, countries and industries. The RepRisk tool can be used to track suppliers, partners, competitors, clients and affiliates through the creation of ‘watchlists’ and instant notifications related to these via an email alert service.
The new version of RepRisk allows clients to follow scandals or major controversies and filter for topics such as pornography, gambling, child labor, fraud, cluster munitions and tobacco. This can be used to ensure conformity with stock exchange and investor policies. Risk life-cycle management through the integration of such business intelligence into a company’s decision making processes has become best practice.
“With the global impact of social and online media providing rapid dissemination of information, senior executives know that they can no longer afford to ignore what their stakeholders are saying” said Dr. Philipp Aeby, CEO at RepRisk. “The increasingly difficult economic climate, together with the impacts of new legislation such as the UK Bribery Act, means that it is now a business imperative to put an early warning system in place. This will ensure sustainable access to capital, and help multinationals to secure and protect license to operate”.
With the global slowdown, companies and governments of all sizes areexamining how their business leaders can step up to the challenge of protecting corporate reputation, mitigating reputational risk, demonstrating compliance and maintaining market share.
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