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Reprisk: Transparency and Due Diligence to Prevent and Mitigate

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Reprisk: Transparency and Due Diligence to Prevent and Mitigate STOXX Innovate2Invest 2018 Big Data and Advanced Technology for Sustainable Investment Philipp Aeby, CEO, RepRisk AG London, April 25, 2018 [email protected] RepRisk AG, Zurich, Switzerland | www.reprisk.com | RepRisk® is a registered trademark. An age of transparency and hyper-connectivity 2 Environmental, Social and Governance (ESG) and business conduct risks Source: www.careeraddict.com/10-companies-that-still-use-child-labor 3 ESG risks materially impact a firm’s social license to operate and its bottom line Business conduct risks Environmental Social Governance Pollution, waste, Human rights abuses, Corruption, bribery, climate change labor, discrimination tax evasion, fraud Compliance risks Reputational risks Financial risks 4 How can businesses navigate the endless stream of open-source intelligence? 5 Daily screening of big data to systematically identify and assess ESG risks Big data: Daily screening of +80,000 sources and stakeholders NGOs News sites Research Gov’t firms agencies Newsletters Twitter Think Regulators tanks Blogs Print media Identify, curate, assess, and quantify ESG risks 6 Sources in 16 languages supports the early identification of risks ▪ Risks often appear earlier at the local level in local languages ▪ Research in 16 major business languages supports the early identification of risks Arabic English Italian Portuguese Chinese Finnish Japanese Russian Danish French Korean Spanish Dutch German Norwegian Swedish 7 Narrow Artificial Intelligence enabled and enhanced by Human Intelligence Artificial Intelligence Human Intelligence Due Diligence Tool Aggregator Admin RepRisk Platform 500k news Curation and Metrics per day Feedback Classifcation >>> Daily updates >>> 8 Narrow Artificial Intelligence enabled and enhanced by Human Intelligence Artificial Intelligence Human Intelligence Due Diligence Tool AggregatorText extraction, NLP Admin RepRisk Platform Deduplication of sources Tagging: company, issue, topic tag, 500k news Curation and Metrics per day country, severity,Feedback source Classifcation Relevancy classification >>> Daily updates >>> 9 Narrow Artificial Intelligence enabled and enhanced by Human Intelligence Artificial Intelligence Human Intelligence Due Diligence Tool Aggregator Admin RepRisk Platform 500kUnstructured news ESG Curation and Metrics per day risk data Feedback Classifcation (500k per day) >>> 10 years of data>>> 10 Narrow Artificial Intelligence enabled and enhanced by Human Intelligence Artificial Intelligence Human Intelligence Due Diligence Tool Aggregator Admin RepRisk Platform Curated data used for 500kUnstructured news ESG Curation and structured Metrics per day risk data Feedback machine Classifcation learning (500k per day) (10-12k per day) >>> 10 years of data >>> 11 RepRisk runs the world’s most comprehensive database on ESG risks Global Developed, analysis emerging, frontier All sectors and +100,000 +25,000 industries companies projects +30-50 per day +10-20 per day Listed, non-listed, Factories, mines, pipelines, state-owned plantations, dams, ports, etc. 12 RepRisk ESG Risk Platform: Risk Profiles 13 … covering any listed and private company 14 Investment Management Use Cases 1. Compliance and reputational risks ▪ Identify and assess business conduct and ESG issues in violation of internal policies or international standards (norm-based screening) and manage related reputational risks 2. Investment risk and ESG alpha ▪ Leverage metrics and underlying data points for quantitative strategies ▪ Use company profiles for company engagement and active ownership ▪ Consider business conduct and ESG risks in investment decision-making processes (ESG integration) 15 Case study – Norwegian Government Pension Fund: Applies norms-based exclusions RepRisk Monitoring RepRisk Platform Report Platform Serves as source Lists companies Further due of research and and incidents diligence using metrics used to associated with RepRisk Platform prepare the high compliance Output and other customized risks, in line with sources on high- Portfolio the Fund’s ethical risk companies Monitoring Report guidelines Violation of policy In line with policy 16 Stakeholders: ESG as focus area of investors A company’s ability to manage environmental, social, and governance matters demonstrates the leadership and good governance that is so essential to sustainable growth, which is why we are increasingly integrating these issues into our investment process. − Larry Fink, Chairman and CEO of BlackRock, in his 2018 annual letter to CEOs “A Sense of Purpose” 17 Research Scope Appendix Our research scope: Comprises 28 ESG Issues in line with key international standards ENVIRONMENT SOCIAL GOVERNANCE Environmental Footprint Community Relations Employee Relations Corporate Governance Global pollution (Climate Human rights abuses and Forced labor Corruption, bribery, change and GHG emissions) corporate complicity extortion, money laundering Local pollution Impacts on communities Child labor Executive compensation issues Impacts on ecosystems and Local participation issues Freedom of association and Misleading communication landscapes collective bargaining Overuse and wasting of Social discrimination Discrimination in employment Fraud resources Waste issues Occupational health and safety Tax evasion issues Animal mistreatment Poor employment conditions Tax optimization Anti-competitive practices Cross-cutting Issues Controversial products and services Products (health and environmental issues) Supply chain issues Violation of national legislation Violation of international standards Note: The 28 RepRisk ESG Issues map the Ten principles of the UN Global Compact 19 Our research scope: Also covers 45 Topic Tags – ESG “hot topics” that are specific and thematic Agricultural commodity Abusive/Illegal fishing Alcohol Animal transportation Arctic drilling speculation Automatic and semi- Asbestos Cluster munitions Coal-fired power plants Conflict minerals automatic weapons Depleted uranium Coral reefs Deep sea drilling Diamonds Drones munitions Genetically modified Endangered species Forest burning Fracking Gambling organisms (GMOs) Genocide/Ethnic High conservation Human trafficking Hydropower (dams) Illegal logging cleansing value forests Involuntary Indigenous people Land grabbing Land mines Migrant labor resettlement Mountaintop removal Monocultures Negligence Nuclear power Oil sands mining Palm oil Pornography Predatory lending Privacy violations Protected areas Rare earths Sea-bed mining Soy Tobacco Water scarcity 20 Zurich Headquarters RepRisk AG Phone +41 43 300 54 40 Stampfenbachstrasse 42 Fax +41 43 300 54 46 8006 Zurich Switzerland EMEA Hub RepRisk Germany GmbH Rosenthaler Strasse 23 10119 Berlin Germany Americas Hub RepRisk North America Inc. 545 King Street West Toronto ON M5V 1M1 Canada Asia Pacific Hub RepRisk Philippines Inc. Unit 15-02B, 15th Floor Accralaw Tower 30th Street corner 2nd Avenue, Bonifacio Global City Taguig City, Philippines 1630 Email [email protected] Website www.reprisk.com Follow us RepRisk AG, Zurich, Switzerland | www.reprisk.com | RepRisk® is a registered trademark. 21.
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