RepRisk endorses Code of Conduct for ESG Rating and Data Product Providers by the Monetary Authority of Singapore

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RepRisk is pleased to endorse the Singapore Code of Conduct for ESG Rating and Data Product Providers (“Code”) which was developed by the Monetary Authority of Singapore ("MAS") together with industry players. The Code aligns with the recommendations published by the International Organization of Securities Commission and is hosted by the International Capital Market Association (“ICMA”). It is one of Singapore’s efforts to enhance transparency, establish best practices in addressing conflict of interest, and ensure the reliability and independence of the country’s ESG rating and data market.

RepRisk supports MAS’ commitment to promoting transparency and accountability in the ESG data market as the demand for ESG data solutions in Asia continues to grow. RepRisk also intends to further its engagement with MAS by enhancing its broader strategy to accelerate responsible business practices and long-term sustainability of the country’s ESG industry.

RepRisk’s business is built on transparency and we have been consistently open about our methodology with clients and partners. In November 2021, RepRisk became the first ESG data provider to publish its methodology on its website for everyone to see. In November 2022, RepRisk published a Transparency Commitment Charte r to make the purpose of its dataset, its methodology, the underlying data points, as well as how its metrics are easily understandable for investors and decision-makers. RepRisk’s commitment to transparency empowers its users to apply the right data to their use case and to leverage what ESG means for their organization. It also helps drive accountability and responsible business practices for clients and partners.

RepRisk was among the first to endorse the Japan Financial Services Agency (JFSA, 金融庁) Code of Conduct for ESG Evaluation and Data Providers in early 2023. As a member of the ESG Data and Ratings Code of Conduct Working Group, RepRisk contributed to the creation of the internationally applicable ICMA Code of Conduct for ESG Ratings and Data Products Providers and became one of the first ESG data providers to endorse it before its official launch in January 2024. These endorsements are a testament to RepRisk’s dedication to operational excellence and echoes the call for more transparency in the ESG industry.

RepRisk is proud to share its response to each principle in the checklist provided by MAS.

About RepRisk

Founded in 1998 and headquartered in Switzerland, RepRisk is a data science company that provides transparency on business conduct risks like deforestation, human rights abuses, and corruption. RepRisk enables efficient decision-making for clients and supports alpha generation and value preservation for their organization, investments, and business interests. RepRisk is trusted by 80+ of the world’s leading banks, 17 of the 25 largest investment managers, corporates, and the world’s largest sovereign wealth funds for their due diligence processes. RepRisk uses human curation and cutting-edge artificial intelligence to generate the world’s most comprehensive business conduct and biodiversity risk datasets on public and private companies, real assets, and countries. For more information, visit reprisk.com.