EarthRate partners with Trucost
17 January 2012
EarthRate, a Finnish firm which measures the reputational risk of companies based on their environmental, social and governance data, has partnered with environmental data expert, Trucost, to provide valuable metrics on the environmental damage caused by corporate business activities and the services they purchase.
Trucost combines unique datasets and analytical expertise in order to reduce exposure to increasing natural resource costs and shortages, optimising risk management and strategic decision making. EarthRate uses Trucost environmental datasets, merged with social and governance metrics, to create insightful ratings for companies that show their exposure to reputational risk. EarthRate is developing innovative ways to capture and present this intelligence, including building mobile solutions.
"EarthRate is delighted about this partnership. Trucost´s global environmental knowhow is highly ranked and the company is one of the leading players in the field. EarthRate's customers will benefit from this co-operation", says EarthRate's CEO Päivi Härkönen.
Lauren Smart, Director at Trucost, comments, "The current era of natural resource constraints and volatile commodity prices combined with the trend towards national policy on ‘polluter pays' regulations, mean that environmental issues are increasingly core to the business strategy. We look forward to working with EarthRate to incorporate environmental metrics into their product offerings."
About EarthRate
EarthRate is a privately held company founded in 2011. Its headquarters are located in Helsinki, Finland, but the company has a global focus with presence also in the United States and New Zealand. EarthRate specialises in rating and researching environmental, social and governance (ESG) performance and assessing companies by their reputational risks (RR).
About Trucost
Trucost helps organisations understand the true cost of business in order to utilise resources more efficiently, today and tomorrow. With the world's most extensive and comprehensive dataset on corporate environmental impacts, Trucost works with clients who want to maximise their resource efficiency and minimise the financial and reputational risks associated with their impact on the environment.