ANNOUNCEMENT OF COLLABORATION BETWEEN PwC AND RISK INSIGHTS
ESG (environmental, social and governance), or sustainable development has undoubtedly become a business imperative: from strategy to transformation and reporting. Investors and other stakeholders are looking for companies with a robust approach to ESG which makes credible ESG ratings across the African continent important to assist stakeholders in their sustainability decision making.
PwC through its New Equation strategy aims to create value through ESG initiatives and green investments and are well-placed to support businesses and other organisations with their ESG efforts and initiatives, unlocking value for clients, shareholders, stakeholders, and wider society. It’s a revolutionary approach in how company sees opportunities to serve its clients as they work to build trust and deliver sustained outcomes and rising expectations for ESG performance.
Risk Insight has been providing AI-powered ESG ratings, using its proprietary rating tool ESG GPS. In 2020, Risk Insights was a Winner of World Economic Forum (WEF) New Champions Award in Agile Governance and in 2021 Risk Insights were honoured by WEF for Excellence in Sustainability as the first company in Africa to create an AI-powered tool for rating the Environmental, Social and Governance (ESG) performance - ESG GPS.
Under the deal signed between the two parties, PwC will use Risk Insights’ ESG GPS tool to access the underlying ESG GPS ratings reports and leverage ESG GPS database to advise companies on how to improve their ESG strategies, transformations, performances, and reporting. ESG GPS currently covers the three major stock exchanges across the African continent - South Africa, Nigeria, and Kenya.
The relationship between PwC and Risk Insights remains one of independent contractors and does not result in the verification or provision of assurance on each other's services.
PwC - Jayne Mammatt
Risk Insights - Andrey Bogdanov
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 156 countries with more than 295,000 people who are committed to delivering quality in Assurance, Advisory and Tax & Legal services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
© 2021 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
About Risk Insight
Risk Insights™ (RI) is a Data Science boutique with key focus on ESG. RI launched the first on-continent AI-powered ESG rating tool - ESG GPS™ made by Africans for Africa. ESG GPS™ ensures balanced application of global ESG standards to local realities. All listed companies in major African Exchanges have been rated by ESG GPS™. RI is a member of the World Economic Forum New Champions and founder of the World Economic Forum New Champions South Africa Chapter. For your ESG GPS™ rating and more information about ESG in Africa, please visit us at www.riskinsights.co.za