Emirates NBD expands its sustainability services through partnership with CoriolisESG

Emirates NBD, a prominent banking group operating in the MENAT (Middle East, North Africa, and Türkiye) region, has announced a strategic partnership with CoriolisESG by TradeSun, a pioneering company providing automated ESG (Environmental, Social, and Governance) scoring solutions. This collaboration is a significant step towards enhancing Emirates NBD's sustainability-linked transaction banking products and advisory services. It marks a crucial move in the evolving landscape of sustainable finance.

Emirates NBD is known for its commitment to sustainable banking practices, and this partnership with CoriolisESG is a testament to its dedication to furthering sustainability initiatives within its operations and among its clients.

One of the key objectives of this partnership is to provide Emirates NBD's Corporate and Institutional clients with access to ESG scores related to their supply chain partners. This access to ESG data can play a pivotal role in encouraging existing suppliers to adopt sustainable processes. Furthermore, it facilitates the selection of new supply chain partners that align with the ESG goals of Emirates NBD's clients. Sustainable supply chains have become a significant focus in the corporate world, and this initiative empowers businesses to make informed decisions that contribute to their sustainability objectives.

Additionally, the partnership will enable Emirates NBD's clients to effectively mitigate ESG-related risk factors that could impact their profitability. Such risks may include regulatory changes, negative operational activities, and reputational risks. By leveraging CoriolisESG's expertise in ESG data and scoring, Emirates NBD aims to provide its clients with valuable insights and tools to navigate the complex landscape of sustainability risks and opportunities.

CoriolisESG by TradeSun offers an accessible, independent, and highly effective artificial intelligence (AI) solution. It is designed to measure key entity data against globally recognized ESG frameworks, including the UN Sustainable Development Goals and the EU's Taxonomy Regulation. This approach ensures that ESG assessments are comprehensive and aligned with international standards. The solution is delivered through a user-friendly interface (UI) or an Application Programming Interface (API), making it adaptable and easy to integrate into existing systems.

Beyond assessing ESG performance, CoriolisESG also provides valuable insights into international business activity, risk assessment, regulatory compliance, and geopolitical risks. This broader perspective goes beyond just ESG scoring and offers Emirates NBD's clients a holistic view of their business operations in the context of sustainability.

In summary, the partnership between Emirates NBD and CoriolisESG by TradeSun represents a significant stride in the realm of sustainable banking. It underscores the importance of ESG integration in financial services and highlights the role of data-driven solutions in promoting sustainability. By providing clients with access to ESG insights and risk mitigation tools, Emirates NBD aims to empower businesses to make more informed and responsible decisions, ultimately contributing to a more sustainable future.

Next (Godrej Properties successfully raises Rs 1,160 crore through NCDs)

Emirates NBD expands its sustainability services through partnership with CoriolisESG

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