Risk Insights appoints Bastion as authorised reseller
…arrangement provides Bastion’s clients with access to the world class ESG Sustainability ratings - ESG GPS…
12 April 2021, Johannesburg – Risk Insights is very pleased to announce that Bastion has been selected as an authorised reseller of its world renowned ESG GPS ratings.
Risk Insights is a well established data analytics company, which has developed South Africa’s first machine learning innovative ESG Sustainability Rating model - the ESG GPS, which brings together wealth of international best practice and specific requirements of South African market in its innovative rating model. Bastion is a leader in corporate reporting in South Africa and offers an end-to-end hybrid model of traditional reporting solutions, enhanced with modern digitised technology to enhance interactive stakeholder engagement.
Bastion is committed to provide its client base with innovative solutions furthering the quality and transparency standard of reporting in South Africa. This strategic partnership provides a unique opportunity for clients to access quality ESG data and benchmark their disclosure against best practice in their respective industries.
“We expect to witness an increase in the widespread implementation of ESG-related practices across industries and jurisdictions in the next few years. Companies, investors and governments who fail to act on ESG will likely face greater risks and miss significant opportunities compared to ESG leaders in many key areas, ranging from better access to capital to operational improvement and pursuing new business ventures.
Demonstrating leadership in ESG will ultimately become a differentiating factor for entities in the public and private sectors, and market participants have much to gain from embracing ESG stewardship as part of their competitive advantage. We are very excited to extend our value proposition to our clients through our reseller agreement with Risk Insights.”
~ Benjamin Joannou, CEO of Bastion
Anashrin Pillay, acting CEO of Risk Insights and Executive for ESG, says, " Risk Insights sees the opportunity to improve ESG reporting and disclosure to enable stakeholders of listed corporates to better understand and assess the underlying ESG risks in a company. We believe that appointing an industry leading company like Bastion as an authorised reseller provides a competitive advantage for Bastion and its clients, as their ESG disclosure will be informed by ESG analytics. Bastion will be able to sell ESG GPS products and services supported by Risk Insights. Ultimately, this will assist company’s improving their competitive advantage and the ability to attract capital.”
Risk Insights ESG GPS is a rating tool that uses big data, AI and machine learning algorithms to transform publicly available information and disclosure reporting, including integrated reports and financial statements, regulatory frameworks, the laws of the land, published media and social media coverage into ratings for Environmental, Social and Governance metrics of all JSE listed companies. Bastion clients will gain insightful and accurate data to achieve their ESG reporting priorities through a trusted resource, which will be able equip executive teams across their organisations with unique GPS (ESG GPS rating) to make the right decisions on their way to Sustainability.
Bastion is a leading solutions provider for corporate communications and reporting. Renown for delivering high-quality stakeholder and investor communications, Bastion helps its clients communicate with investors, analysts and shareholders through a hybrid of traditional, collaborative and digital end-to-end solutions.
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Visit us at www.bastiongroup.co.za
About Risk Insights
Risk Insights is a professional data analytics company that delivers sustainable solutions and products to its clients that is part of the World Economic Forum (WEF) New Champions Community. In November 2020, the company was awarded Excellence in Agile Business Governance award by the World Economic Forum. The singular focus of Risk Insights is to serve its clients with distinction and to support organizational transformation in order to unlock sustainable value creation for an organization. Risk Insights was founded in 2009 with the primary goal to assist in the improvement of risk management practices in South Africa and on the African continent. Risk Insights is an accredited Level 1 BEE Company.
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