CRIF named in ESGFinTech100 for driving sustainability in financial services

CRIF, a global company specialising in credit bureau and business information systems, analytics, outsourcing and processing services, as well as advanced digital and open banking solutions, has been featured in the ESGFinTech100 for driving sustainability in financial services through its combined solutions: ESG Analytics and Synesgy.

The announcement follows the launch of CRIF’s Banking on Banks report, looking at the importance of ESG credentials for financial service providers. The report sets out key insights for providers to help them better align their services with their existing and prospective customers’ values in a world where commitments to the environment, sustainability and good governance are vital.

CRIF’s ESG Analytics is helping drive innovation in sustainability and empowers banks, insurers and corporates to gain a comprehensive understanding of the ESG compliance of companies, customers or suppliers they engage with.

Operating across the UK, and all EU-27 countries, organisations can integrate CRIF’s automated ESG insights into their core processes to evaluate transition, physical and environmental risks, in compliance with regulatory frameworks. These insights are derived from over 140 propriety key indicators, sourced from both public and private data.

The solution works via API or batch processing, starting from a simple input (VAT number or company/building address) to then provide a synthetic ESG score, along with granular environmental, social and governance indicators. There is no need to involve the company itself.

ESG Analytics solution complements Synesgy, which is as a stand-alone platform for the ESG self-assessment of companies and their supply chains, from SMEs to corporates. It enables companies to collect and manage ESG data at a granular level through an online questionnaire and is based on national and international sustainability standards (SDGs, ESRS, GRI), also certified by the CRIF Rating Agency (CRA).

Synesgy’s two primary use-cases include providing customers with a detailed ESG score, a certificate of completion and insights to address ESG issues, as well as addressing and monitoring their supply chain, including the company carbon footprint and environmental risks on their assets.

Increasing transparency about a company’s operations and ESG commitment is essential for building trust. As demonstrated in CRIF’s recent ESG report, consumers are more likely than ever to choose a provider that is open about how it operates and the values it aims to adhere to.

By acting in these key areas, financial institutions can better meet the shifting expectations of their customers and the growing demand for ethical products, all while boosting trust and fostering stronger relationships with current and new customers alike.