Data for ESG - Veridion

Veridion’s ESG Data for Business Success

Book a demo
Hero Page Illustration
Manufacturers 0   M
Service Providers 0   M
Distributors 0   K
Products 0   M
Services 0   M

Introducing Veridion's ESG Data

In today’s dynamic business environment, Environmental, Social, and Governance (ESG) factors are pivotal for driving sustainable growth, managing risks, and complying with increasing regulations. Veridion leverages advanced AI technologies to deliver comprehensive, accurate, and real-time ESG data, enabling businesses to make informed decisions and foster sustainable practices.

 

Veridion captures 100% of operating companies with an online presence (~123 million in 250 geographies) and tracks changes on every company on a weekly basis. Our data goes through an extensive validation process to provide greater accuracy than other providers.

Content Panel Image

Veridion's ESG Data Attributes and Capabilities

Comprehensive Coverage:
  • Covers 123.3 million companies across 250 countries and territories.
  • Includes detailed locational data, financial metrics, and product and service information.
Granular and Real-Time Data:
  • Extracts data from global and local news sources and companies’ digital presence.
  • Updated weekly to ensure the most current and relevant information.
Targeted ESG Risk Criteria:
Accurate and Detailed Insights:
  • Offers precise data on company ESG initiatives, commitments, and latest news.
  • Provides insights into key topics of environmental, social, and governance practices.
Flexible Delivery Options:
  • Batch file delivery in CSV format updated monthly.
  • API integration for seamless data refreshes and integration with existing systems.

4 Reasons Why Veridion's ESG data will Empower your Strategic Goals:

1.

Enables Extensive Company Coverage:

Global coverage with particular strength in regions where data from other vendors is often sparse. Veridion provides precise, up-to-date data on private equity companies, suppliers, and SMEs, enabling deeper ESG understanding.

  • Broaden ESG Coverage: Expand beyond public company data to gain competitive insights into private markets.
  • Illuminate Supply Chains: Meet regulations like the German Supply Chain Act and EU's CS3D by understanding the ESG impacts of SMEs in your supply chain.
  • Enhance Private Equity: Enhance Private Equity: Satisfy investor demands for ESG criteria with comprehensive data, simplifying the data collection process for GPs.

2.

Provides Detailed Locations Data and Industry Classifications:

Veridion provides detailed location data, including secondary locations and specific site purposes. This data is invaluable for conducting analyses on climate, greenhouse gas (GHG) emissions, biodiversity, and human rights risks, enabling companies to assess and mitigate location-specific ESG risks effectively and help to fill gaps for company reporting. Veridion also provides revenue & employee data per location, enabling more informed decisions regarding resource allocation, risk management, and operational efficiency.

Enhance Emissions Models

Veridion’s data provides detailed emissions estimations using conversion tables like EXIOBASE3 and location emissions factors like IEA’s Emissions Factors.
Positive Impact/Green Revenue

Veridion’s data informs and validates revenue models, supporting regulations like the EU Taxonomy.
Better Risk Premiums and Partner Selection

Veridion’s detailed industry classifications help screen for high-risk activities, aligning with ethical and regulatory concerns. This will also help comply with new regulations,  such as the European Banking Authority Guidelines on disclosure of exposures to ESG risks that requires banks to provide information on the “Green Asset Ratio,” which measures the proportion of a bank’s assets that are environmentally sustainable according to the EU Taxonomy.

3.

Offers Products & Services Data:

Veridion offers detailed insights into the products and services offered by companies. This information is critical for sustainable decisions and ensures compliance with regulations such as Carbon Border Adjustment Mechanism (CBAM) and the EU Green Taxonomy, which mandate specific product criteria. Moreover, companies can use this precise data to:

  • develop models that accurately estimate the greenhouse gas (GHG) emissions associated with specific business activities.
  • better determine which companies contribute positively to environmental and social goals.

4.

Delivers Unique ESG Insights:

ESG News & Commitments:

Obtain primary data on company activities, such as net zero targets, certification, or adverse and controversial media. These are all sourced from multi-language, global and local news channels to give you the best, most updated coverage.
Sustainability Insights:

Veridion’s datasets on “Sustainability Commitments” and “Sustainability News” provide essential context for evaluating ESG risk levels. Whether for regulatory reporting or procurement risk management, these datasets offer transparency into companies’ sustainability practices, aiding in informed decision-making and fostering sustainable business practices.

See Veridion's ESG data in action for…

How Veridion ESG Data Helps Procurement

1.

Mapping Supply Chains with Veridion Data

What we provide?

Detailed Location Data:

  • Provides crucial insights into the geographical distribution of suppliers.
  • Supports risk assessment, compliance checks, and strategic planning.
  • Offers a clear, comprehensive view of supplier locations, enabling enhanced supply chain visibility, optimized logistics, and robust ESG compliance.

 

Match & Enrich Solution:

  • Enriches supplier profiles with detailed information, including locations, products and services, and ESG commitments.
  • Helps procurement teams identify and prioritize suppliers who demonstrate strong sustainability practices and compliance with ESG standards.
  • Facilitates the building and maintaining of relationships with suppliers committed to ESG principles, ensuring a responsible and resilient supply chain.

2.

Implementing Due Diligence Processes with Veridion

What we provide?

Real-Time ESG News:

  • Provides detailed information on company activities, such as net zero targets, certifications, and adverse or controversial media.
  • Enables procurement teams to stay informed about emerging risks or incidents involving their suppliers, such as environmental violations, labor disputes, or governance issues.
  • Helps procurement teams to promptly assess potential risks and their impact on the supply chain.

 

Sustainability Commitments Data:

  • Helps procurement teams to evaluate the credibility and seriousness of these commitments.
  • Enables procurement teams to ensures alignment with the company’s sustainability standards and goals.

3.

Building Sustainable Partnerships with Veridion

What we provide?

Advanced Company Screening:

  • Utilize Veridion’s Match & Enrich API to verify company information.
  • Combine with the Complex Search API to identify companies, suppliers, or investments in priority areas such as low-carbon products, diverse ownership, or specific locations

 

Comprehensive ESG Commitments Data:

  • Leverage Veridion’s advanced search capabilities and extensive ESG data to identify suppliers with robust ESG practices.
  • Ensure partnerships align with sustainability goals and regulatory standards, promoting responsible sourcing and long-term sustainability.

How Veridion ESG Data Supports Commercial Insurance 

1.

Enhance Underwriting and Risk Management Processes

What we provide?

Risk Mitigation in Investment

Leverage Veridion’s ESG insights to optimize your investment portfolios. By analyzing news and data on a company’s products and services, identify firms excelling in sustainable practices such as renewable energy production and eco-friendly supply chain management. This enables you to allocate investments towards companies with robust sustainability practices, while reducing exposure to high-risk sectors like fossil fuels.

Better Climate Risk Assessment

Use Veridion’s locational data, combined with climate risk information, to gain a comprehensive understanding of climate impacts. For insurance providers offering catastrophic risk coverage, this means accurately assessing exposure in hurricane-prone regions by overlaying locational data with hurricane risk maps. Offer favorable premiums to companies selling climate-resilient products or those with strong disaster resilience plans.

Enhanced Underwriting for Long-Term Assets

Refine your underwriting processes for long-term assets with Veridion’s ESG data. Overlay locational data with climate risk information to assess risks accurately. For example, when underwriting insurance for coastal properties, use flood and hurricane data to evaluate risks of storm surge and rising sea levels. This allows you to set precise premiums and offer tailored coverage. Similarly, utilize drought and heat wave data to guide underwriting decisions for agricultural properties.

2.

Foster Product Innovation with Veridion ESG Data 

How our ESG data can help?

 

Empower Product Innovation

  • Accelerate the development of sustainable insurance solutions.
  • Offer lower premiums for businesses with strong sustainability practices.

With Veridion’s comprehensive ESG data, commercial insurers can develop innovative products tailored to emerging risks and market needs:

Sustainability Commitments Data:

  • Sustainable Business Coverage: Create specialized insurance products for companies adopting sustainable practices, rewarding them with lower premiums and better terms.
  • Climate-Resilient Policies: Develop policies that specifically cater to businesses implementing climate resilience measures, such as enhanced flood defenses or renewable energy integrations.
  • Customized Risk Solutions: Offer bespoke insurance solutions based on granular ESG data, addressing specific industry needs like supply chain sustainability or carbon footprint reduction.

3.

Support the creation of tailored ESG scoring

How our ESG data can help?

  • Veridion’s ability to gather data across a wide range of ESG criteria—from atmospheric contamination to wage disparity—provides a solid first step in the scoring process.
  • By covering diverse aspects of ESG, Veridion’s data can offer valuable insights on a company’s overall performance and impact, not just isolated areas of strength or weakness.
  • Veridion’s detailed approach to classifying data according to specific risk criteria allows for nuanced analysis. For example, distinguishing between different types of environmental risks (e.g., water usage vs. carbon footprint) enables more precise assessments of a company’s environmental impact and management practices.

Explore our Case Studies

Identify Strategic Partners with Refreshed Supplier Segmentation

Explore our Case Study

Enhancing Insurance Underwriting with Veridion's ESG Data

Explore our Case Study

Why Choose Veridion?

Veridion's comprehensive and real-time ESG data empowers businesses across different sectors to integrate sustainability into their core operations. We think we have the right tools and capabilities to help businesses navigate the complexities of ESG data, ensuring compliance, managing risks, and fostering sustainable growth.

Veridion's comprehensive ESG data assists in various critical areas, ensuring your organization meets sustainability goals and regulatory standards.

5 Key Areas Where Veridion Will Be Your Strategic ESG Partner

Enhance your business operations with Veridion's expert ESG data solutions:

1.
Product Development:

  • Embed ESG Considerations:
    Integrate sustainability criteria into your product design to meet market demands.
  • Drive Innovation:
    Develop products that cater to environmentally conscious clients and stand out in the competitive market.
Content Panel Image
Content Panel Image

2.
Data Analysis:

  • Identify ESG Trends and Risks:
    Analyze data to uncover potential risks and opportunities within your portfolios.
  • Create Detailed Reports:
    Prepare comprehensive ESG reports and dashboards to inform stakeholders and guide decision-making.

3.
Sustainability Strategy:

  • Strategic Planning:
    Use reliable ESG data to set and implement your company’s sustainability strategy.
  • Ensure Compliance:
    Meet all regulatory requirements and standards with accurate ESG data.
Content Panel Image
Content Panel Image

4.
Supply Chain Management:

  • Assess Supplier Risk:
    Ensure suppliers meet ESG standards to mitigate risks in your supply chain.
  • Foster Sustainable Relationships:
    Build and maintain relationships with suppliers committed to ESG principles.

5.
Commercial Insurance:

  • Evaluate ESG Risks:
    Assess environmental, social, and governance risks that could impact insured assets or liabilities.
  • Develop Innovative Products:
    Create insurance products tailored to sustainability-focused businesses and individuals, such as green insurance policies.
  • Integrate ESG in Underwriting:
    Include ESG factors in your underwriting criteria for comprehensive risk management.
Content Panel Image

Veridion: Your Partner in ESG Data Excellence.

Contact Veridion today to discover how our ESG data solutions can support your specific needs and empower your strategic goals. Contact us for a demo or more information.

Book a Demo
Schedule a data consultation