NSE, Risk Insights collaborate to use ESG GPS rating platform to drive sustainability in East Africa
The Nairobi Securities Exchange (NSE) and Risk Insights have agreed to cooperate and use Risk Insights’ AI-powered ESG GPS™ rating platform and suite of products to provide access to ESG ratings, ESG disclosure information, ESG news and strategic business intelligence to the NSE listed companies, to drive sustainability in East Africa.
Geoffrey Odundo, Chief Executive, NSE: ''ESG GPS™ platform will be used as a foundation of the NSE to facilitate end-to-end suite of sustainability reporting solutions to support Kenyan listed companies to improve reporting across all three pillars of ESG. We expect that the NSE listed companies, asset managers, regulators and other stakeholders will benefit from a flexible platform that collects, measures and analyzes corporate sustainability disclosure data, as well as generates high quality strategic business intelligence impact reports.''
This collaboration is timely as companies in Africa move to measure and report impact and sustainability performance for multiple stakeholders. The NSE through its strategy aims to drive ESG transition for the national economy and is well-placed to support businesses and other organizations with their ESG efforts and initiatives to unlock value for clients, shareholders, stakeholders, and the wider society. Risk Insight has been providing AI-powered ESG ratings suite of products, using its proprietary award-winning rating tool ESG GPS™.
Andrey Bogdanov, Principal and CEO, Risk Insights: ''We are very delighted to collaborate with NSE as a key player transitioning to an ESG driven economy in Kenya and Africa.''