TradeSun, a technology company leveraging artificial intelligence for trade compliance and automation, and Coriolis Technologies, a leading trade data and analytics provider, have partnered to launch an integrated solution for banks to measure and verify environmental, social and governance (ESG) performance across trade transactions.
With regulators applying pressure on companies to disclose more detail on ESG performance, quantitative ways of analyzing the impact of trade finance activities are vital in achieving regional and international sustainability targets.
The combined solution enables TradeSun customers to leverage Coriolis’ ESG Tracker, an independent ratings-based platform developed with more than 50 financial institutions, to score, monitor, and verify their trade finance transactions and activities against the 17 Sustainable Development Goals (SDGs), as defined by the United Nations.
Banks can also view ratings against domestic and international regulatory frameworks such as EU Taxonomy, Sustainable Finance Disclosures Regulation, and US Sustainability Accounting Standards Board Regulations. Additionally, financial institutions can search and
explore company ratings for governance purposes, including completing a personnel check.
Customers of TradeSun will be able to use Coriolis’ ESG Tracker in tandem with other integrated data partners, enabling further insights, flexibility, and aiding financial institutions in offering financial incentives to their clients upon meeting specific ESG criteria.
TradeSun is an innovator and leader in trade digitalization. Our award-winning AI-powered platform for trade finance processing and compliance empowers customers to reduce risk, costs, and fuel growth by leveraging state-of-the-art technologies. The TradeSun Platform is a one-stop solution that automates document review,
significantly reducing processing times. It offers real-time compliance, covering trade-based money laundering, dual use goods, fair price, vessel tracking and sanctions.
About Coriolis Technologies
Coriolis Technologies is a leading trade data and analytics provider, offering real-time insight into global environmental, social and governance efforts. Coriolis Technologies aggregates global trade data from unique and secure sources. Proprietary technology analyzes the data, producing vital intelligence for banks and
businesses, scoring company activity against essential industry requirements, including Sustainable Development Goals and ESG regulation.
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