TradeSun acquires leading ESG company, paving way for further innovation in trade
Dec 12, 2022
TradeSun, a leading provider of artificial intelligence solutions for trade compliance and automation, has acquired data company Coriolis Technologies, to expedite ESG-compliant trade.
The strategic acquisition will allow the TradeSun network, of global and regional banks around the world, to expand with further innovation across trade and the supply chain. It follows a partnership agreement by TradeSun and Coriolis earlier this year.
TradeSun will now deliver Coriolis' ESG products, including the independent ratings-based platform developed with more than 50 financial institutions. The platform scores, monitors and verifies supply chain players against the 17 UN Sustainable Development Goals, as well as other key regulatory frameworks such as the EU Taxonomy. It facilitates supply chain transparency by measuring ESG impact throughout all tiers in trade supply chains.
The acquisition is the first in TradeSun's expansion plans, acting as a catalyst to fulfill its vision of seamless, digitalized and more sustainable trade flows that allow regions and their people to prosper.
Dr. Rebecca Harding, Coriolis Founder, will act in a strategic advisory capacity going forward.
Nigel Hook, TradeSun CEO and Founder, said: "With regulations evolving fast to mandate sustainable commerce, banks will increasingly play a more central role in facilitating and guiding the trade ecosystem to adopt more sustainable practices."
He added: "Dr. Rebecca Harding and I concur that with sustainable financing becoming more prevalent, parties across the trade ecosystem will naturally strive to gain better ESG scores. The acquisition will support both financial institutions as well as supply chain players to assess and modify their businesses to meet industry and sovereign ESG goals."
Dr. Rebecca Harding said: "Global trade must have the tools to better measure ESG impact in order to meet increasingly ambitious sustainability targets set by governments and industry. The acquisition of Coriolis will support and take forward the vision and roadmap for automated ESG scoring and more sustainable trade. This is an exciting development and a significant measure of the importance of ESG in trade finance."
---
About TradeSun: TradeSun is an innovator and leader in trade digitalization. Our award-winning AI-powered platform for trade finance processing and compliance empowers our customers to reduce risk and fuel growth by leveraging state-of-the-art technologies. The TradeSun Platform is a one-stop solution that automates document review, significantly reducing processing times. It offers real-time compliance, covering trade-based money laundering, dual use goods, fair price, vessel tracking and sanctions. More: www.tradesun.com
Contact Information:
Maddy White
Communications Director
[email protected]
Press Release Service by Newswire.com
Original Source: TradeSun acquires leading ESG company, paving way for further innovation in trade
More News
![aritcles[0].caption](https://images.perthnow.com.au/publication/C-23002303/c155e3388cf46836e9a4509421aeddc67a213e9c-16x9-x0y0w1280h720.jpg)
India hold off Windies for series lead in third T20
Arshdeep Singh and Naman Dhir shared five wickets as India beat West Indies by 14 runs in the third T20i to take a 2-1 lead in the five-match series.
Verstappen comes out on top in Singapore
Max Verstappen takes out the Singapore Grand Prix, with overall F1 leader Kimi Antonelli in third.
Zheng overpowers Andreeva to win China Open
Olympic champion Zheng Qinwen has won her first title in two years by beating French Open champion Mirra Andreeva 7-5 6-4 in the China Open final in Beijing.
Man City ignore jeers for statement win over Liverpool
Manchester City overcame taunts and jeers from Liverpool fans to clinch a comprehensive 3-0 win over their 10-man hosts in the Premier League.
Profits prompt Wilson’s departure from VRC as he downplays talk of board rift
As he prepares to end his long reign at the top of the Victorian Racing Club and with the Melbourne Cup carnival on the horizon, Neil Wilson is disappointed to confront allegations of rancour at board level.
'It enhances it': how a Commonwealth Park stadium could make Floriade even better
And the stadium wouldn't dominate Lake Burley Griffin.
Containing Australia could be name of game for Proteas
South Africa have conceded their best hope may be trying to contain Australia in Durban, with the tourists the side with the best hope of a 1-0 series lead.
Freakish Smith, hostile Cummins rage against the dying of Durban’s light
Pat Cummins bowled his quickest spells in years, while Steve Smith pouched a trio of catches with escalating levels of brilliance. South Africa have been warned.
Manchester City met with boos and ‘cheat’ taunts at Anfield
One flag depicted former City manager Pep Guardiola alongside players including Erling Haaland dressed in black-and-red prison stripes.
Goorjian says Davis-Cotton spat good for basketball
The enmity between Bryce Cotton and Kendric Davis erupted when the NBL's two best players had to be separated in the closing stages of Adelaide's win in Sydney.
Win it or bin it: Kostecki on Bathurst 1000 inspiration
Overtaking Anton De Pasquale on the last lap, Brodie Kostecki dedicated his surprise Bathurst 1000 victory to Australian motorsport icon Dick Johnson.
Verstappen roars to Singapore win as Piastri bags fifth
Max Verstappen has stormed to a comfortable victory at the Singapore F1 Grand Prix but Australia's Oscar Piastri claimed a battling fifth place for McLaren.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.