WhiteBox employs data frameworks and digital scaffolding to enhance management's capabilities to monitor, identify, and mitigate ESG risks- improving the company's ESG profile.
ESG ratings firms monitor and review news events, NGO/Government databases, company disclosures, and other sources to assign ESG ratings to companies, selling their reporting data to institutional investors.
Satellite data has become more accessible and can be leveraged for various ESG monitoring tasks.
The world wide web and social media can be leveraged for social insight and sentiment analysis.
Direct two-way dialogue with community members and other stakeholders is key to identifying environmental, social, and governance risks and impacts.
Daily news is a data source actively monitored by ratings agencies to help determine ESG scores of companies.
Companies that can identify risks to mitigate before they materialize and become news events are inherently more resilient .
Regulators, thinktanks, academia, and NGOs are an important source of ESG data and a valuable resource for tools to assess risks and impacts.
Integrating dispersed departments, offices, and siloed data is key to having a holistic view of an organization's ESG risks and impacts, for reporting purposes as well as to discover systematic issues to remedy.
Ground sensors and IoT devices can create additional data for deep ESG monitoring and reporting.
Having a clear view of supply chain and value chain ESG risks is critical in bolstering institutional resilience and sustainability.
Companies that demonstrate successful management of ESG risks both internally and along value chains enjoy numerous top-line and bottom-line advantages.
Increasingly, retail and institutional investors are incorporating companies' ESG profiles in their investment decision-making.