Four of the 10 projects included were affected by fatal accidents
The latest issue of RepRisk’s report focuses on projects that posed serious reputational, compliance and financial risks in 2017 for the companies involved.
Zurich, Switzerland (March 22, 2018) – RepRisk’s “Most Controversial Projects of 2017 Report” focuses on the 10 projects that were most exposed to ESG and business conduct risks last year. These include pipelines, thermal power plants and residential and day care complexes. The projects examined were located in Germany and Russia, Nigeria, Syria and the U.K., highlighting the fact that such risks are not limited to countries in emerging markets.
According to Philipp Aeby, CEO of RepRisk, “The report shows that the construction and oil and gas sectors were particularly affected by environmental, social and governance (ESG) risk incidents in 2017, and we see cases where ESG violations can cause long-lasting regulatory and reputational problems for the companies involved. RepRisk is the only ESG research provider that covers projects, thereby supporting our clients’ due diligence processes,” he continues. “Our aim is to raise awareness of potential ESG risks and to encourage companies to take into account such issues systematically in their risk management strategies and processes.”
RepRisk combines artificial intelligence (AI) and human analysis to translate big data in 16 languages into curated research and analytics. In addition to 25,000 projects, more than 100,000 public and private companies are captured on the RepRisk Platform.
The detailed report provides examples of how poor working conditions on projects can expose the companies involved to ESG risks.
Please click here to read the “Most Controversial Projects of 2017 Report.”
RepRisk is a leading research and business intelligence provider, specializing in ESG and business conduct risks. As a premium due diligence solution, RepRisk helps clients prevent and mitigate ESG and business conduct risks related to their operations, business relationships and investments. Since 2006, RepRisk has been leveraging artificial intelligence and human analysis to translate big data into actionable analytics and metrics. With daily updates, universal coverage, and curated adverse data on companies, projects, sectors, and countries, RepRisk offers a suite of a powerful risk management and compliance services.
Headquartered in Zurich, Switzerland, RepRisk serves clients worldwide, enabling them to reduce blind spots and shed light on risks that can have reputational, compliance and financial impacts on a company.
For more information, please visit www.reprisk.com.