Finastra integrated artificial intelligence-powered ESG scoring into its working capital solution, Trade Innovation, according to a press release.
Under the update, which is with Coriolis ESG by TradeSun, users can power more sustainable business flows, tapping into automated reports to measure key data against internationally-recognised frameworks
Users can now also book and manage trade and supply chain finance with the added benefit of automated insights into ESG scoring, allowing for greater understanding of the sustainability of trade and helps organisations to better monitor and manage their impact.
“Sustainability is a growing imperative in the world of trade and with the continued emergence and development of regulations in this space, organisations must ensure they can measure their impact to help meet the worldwide ESG mandates and understand where risk can be better managed," says Iain MacLennan, Head of Trade and Supply Chain Finance at Finastra.
"That vision is now possible for users of our Trade Innovation technology. Delivering this out-of-the-box integration aligns closely with our company purpose to unlock the power of finance for everyone and our mantra of ‘doing well by doing good’. We look forward to helping our customers gain valuable insights into their ESG data for trade.”
The solution also boosts enterprise intelligence and resilience by measuring key entity data against globally-recognised frameworks, such as the UN Sustainable Development Goals and the EU Taxonomy.
Captured information provides insight into international business activity, risk assessment, regulation compliance, geopolitical risk, due diligence, and supply chain analysis.
