ESG Commitments and Progress | Private Companies | Global

Veridion provides AI-powered ESG data designed to deliver detailed, real-time insights into companies' Environmental, Social, and Governance performance. This data supports critical business functions like sustainable growth, risk management, and regulatory compliance. Veridion aims to create comprehensive profiles and deliver actionable insights on any business with a digital footprint. Veridion's approach to collecting and processing ESG data involves a four-step methodology: Extract, Analyze, Interpret, and Enrich. Data is extracted by using proprietary machine-learning models to crawl company websites and monitor a wide range of global and local news sources. This process captures public ESG commitments, activities, targets, certifications, and controversies related to the organization. AI and advanced technologies are utilized to extract precise and detailed data related to specific ESG risk criteria, delivering real-time ESG updates. The collected data is then classified using a rigorous ESG taxonomy across three pillars: Environmental, Social, and Governance. This taxonomy breaks down data into Themes and Risks, covering granular areas such as climate change, human rights, corporate ethics, atmospheric contamination, and waste management. Sentiment analysis is integrated to evaluate the tone of ESG actions, providing a nuanced view beyond simple scores. Finally, ESG profiles are enriched with firmographic attributes, such as company locations, products, services, NAICS classifications, employee count, and revenue, providing crucial business context. This detailed approach allows users to see beyond opaque aggregated scores. Key features and benefits of Veridion's ESG data include: - Extensive Global Coverage: Data is available for over 134 million companies across 250 geographies. This provides coverage in emerging markets and regions where competitors may have less depth of coverage. - Enhanced Visibility for SMBS: Veridion specifically addresses the challenge of finding comprehensive ESG data for Small and Medium Businesses (SMBS). By harnessing news and web presence data, Veridion provides real-time insights into their ESG actions. - Optimal Data Freshness: Data is updated weekly, guaranteeing freshness and enabling swift monitoring and response to changes. This is in contrast to competitors who may update less frequently. - AI-Driven Accuracy and Customization: Veridion's AI expertise ensures tailored, high-accuracy outputs. Data quality is maintained through Entity Resolution, Triangulation from multiple sources, confidence scores, and validation. Only data with sufficient certainty is included. - Granularity: The data provides in-depth coverage, including detailed locational data down to geo-coordinates, precise products and services offered, and granular industry classifications such as NAICS and SIC. Planned enhancements will introduce further granularity (L2, L3) for more exact analysis. The data includes Company ESG News, Company ESG Commitments, GHG Emissions & Targets, and ESG Scores. ESG scores are comprehensive, data-driven, AI-powered, industry-specific, and supported by textual justifications. Veridion's ESG data supports several critical use cases: - Risk Management: Assess supplier risks, analyze investment risks, and incorporate ESG data into insurance underwriting models. Veridion's data is relevant for Third Party Risk Management (TPRM) by providing detailed profiles to identify and mitigate supply chain risks. - Compliance: Aids compliance with regulations like CSRD, EU Taxonomy, CBAM, and CSDDD. Product and service data are essential for CBAM and the EU Taxonomy, while locational data assists with climate and human rights risk analysis for reporting purposes. - Market Intelligence: Enhances databases for risk assessments and investment analysis, improving coverage of private companies. - Procurement: Integrates ESG data into procurement processes to identify suppliers with robust environmental, social, and governance (ESG) practices. It enhances supply chain visibility and compliance by providing detailed data on risks and sustainability commitments. Using this data revealed suppliers in high-risk areas for forced labour, enabling enhanced due diligence. It helps address challenges like Scope 3 emissions reporting. - Insurance: Enhances due diligence and risk assessment in commercial insurance, enabling tailored coverage and addressing specific risks. It supports proactive policy management by monitoring changes in locations and product types. The data provides insights into environmental, social, and governance (ESG) factors that are critical for assessing risks and tailoring policies. Accessing data points that would traditionally take hours to process manually can be done rapidly through Veridion. Data is delivered via batch file delivery (CSV) and API integration. The Search API enables finding companies based on specific criteria, including risk factors. The Match & Enrich API generates a comprehensive business profile from minimal input, streamlining processes such as quote-to-bind in insurance and supplier data unification. Veridion differentiates itself through its Real-Time ESG Intelligence (with weekly updates), Unparalleled Data Coverage (including private companies and small to medium-sized businesses), AI-driven accuracy and customization, the provision of Comprehensive Business Profiles alongside scores, and Flexible Data Access. Veridion's ESG data product provides a comprehensive, granular, and frequently updated view of companies' ESG profiles, grounded in extensive AI-driven web and news analysis. This transparency extends beyond traditional opaque ratings, providing actionable insights essential for informed strategic decisions in risk management, compliance, procurement, insurance, and market intelligence.