RISK INSIGHTS Partners with FUSION GROUP to Enhance Climate Risk Management for Financial Institutions in Africa
RISK INSIGHTS Partners with FUSION GROUP to Enhance Climate Risk Management for Financial Institutions in Africa
FOR IMMEDIATE RELEASE
August 7, 2024
Johannesburg, London
The growing focus on ESG (Environmental, Social, and Governance) principles has become a critical component of day-to-day business operations. It is now integral part of the strategy, organizational transformation, reporting, and risk management suite. Investors and stakeholders increasingly demand robust ESG risk management frameworks, emphasizing the need for reliable ESG strategies based on first class data ratings across the African continent and beyond to guide informed sustainable investment decisions. Return on risk adjusted equity and capital adequacy for banks will be impacted by ESG risk or non-financial data. The partnership of Risk Insights and Fusion Group connects another key component of risk management and the value chain.
FUSION GROUP, through its innovative investment management and advisory services aiming to create value by integrating climate risk management into financial modeling for financial institutions, is well-positioned to support financial institutions across Africa and beyond in risk management and strategy decisions considering sustainability related risks.
RISK INSIGHTS is a leader in ESG Data and AI-powered ESG ratings on continent well-recognized for its innovative revolutionary solution to drive sustainability is well-positioned to join forces with FUSION GROUP in driving sustainability agenda to the next level via leveraging its ESG Data for providing top notch global solutions to its clients now enhanced by FUSION GROUP risk management sustainable solutions.
This partnership will unlock value for financial institutions, shareholders, and wider community of stakeholders, offering a revolutionary approach to risk management in XXI century.
Mr. Andrey Bogdanov, Interim Chief Executive Officer of RISK INSIGHTS, expressed his enthusiasm for the collaboration, stating, "We are very pleased to partner with the FUSION ASSET MANAGEMENT to drive positive change and promote sustainable development and assist authorities and financial institutions across continent and beyond. By leveraging jointly our expertise in ESG and risk management, we aim to take risk management practices to the next level."
Dr. Kirill Ilinski, Managing Partner of the FUSION GROUP, emphasized the importance of the partnership in advancing sustainable business practices, saying, " We are honoured to work with RISK INSIGHTS to bring to Africa a unique product which combined FUSION expertise in climate risk management coupled with unique and innovative sustainability data from RISK INSIGHTS."
The relationship between FUSION GROUP and RISK INSIGHTS remains one of independent contractors and does not result in the verification or provision of assurance on each other's services.
About RISK INSIGHTS: established in 2009 in Johannesburg, South Africa, is the first female-owned data science company specializing in ESG ratings for African issuers and privately owned companies. RISK INSIGHTS introduced the first AI-powered ESG rating tools tailored specifically for African companies, including its innovative rating tool ESG GPS™ and A-Cubed™. RISK INSIGHTS' solutions ensure a balanced application of global ESG standards to local realities, providing accurate assessments that reflect the unique contexts of African businesses. For more information, visit www.riskinsights.co.za.
About FUSION GROUP: established in 2004, FUSION GROUP is a group of financial services companies specializing in investment and wealth management, financial planning and corporate risk advisory services, headquartered in London. It has multiple offices across the UK, as well as an international presence, and works with both institutional and private clients. More information is available https://www.fusionam.com/.
