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.
Päivi Härkönen, CEO at EarthRate: "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 .
Lauren Smart, Director at Trucost: "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."
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