Emirates NBD partners with CoriolisESG by TradeSun to enrich its suite of sustainabilitylinked products

Emirates NBD partners with CoriolisESG by TradeSun to enrich its suite of sustainability-linked products

3 Min | 19 September 2023
  • The partnership will support the Bank’s Corporate and Institutional clients with CoriolisESG by TradeSun’s extensive ESG framework

Dubai, 19 September 2023: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has partnered with CoriolisESG by TradeSun, the world’s first company to provide automated ESG scoring solutions. The partnership aims to enhance the Group’s sustainability-linked transaction banking products and advisory services by leveraging the company’s extensive ESG rating framework.

The Group’s partnership with CoriolisESG by TradeSun will provide Emirates NBD’s Corporate and Institutional clients with access to ESG scores of their supply chain partners, which can be harnessed to encourage existing suppliers to adopt sustainable processes and facilitate the selection of new supply partners that support their own ESG goals. In addition, Emirates NBD’s clients will be able to mitigate ESG-related risk factors that may have a direct impact on profitability, including regulatory changes, negative operational activities and reputational risks.

CoriolisESG by TradeSun is an accessible, independent and highly effective artificial intelligence solution, delivered through a User Interface (UI) or an Application Programming Interface (API), that enhances enterprise intelligence and resilience by measuring key entity data against globally recognised frameworks, such as the UN Sustainable Development Goals and the EU’s Taxonomy Regulation. The information captured by CoriolisESG will also drive more sustainable business flows by providing insights into international business activity, risk assessment, regulation compliance and geopolitical risk.

Commenting on the announcement, Ahmed Al Qassim, Group Head of Wholesale Banking, Emirates NBD, said: “Emirates NBD’s partnership with CoriolisESG by TradeSun demonstrates the Group’s commitment to support our clients throughout their ESG journeys and provide them with a comprehensive suite of trade finance solutions. By harnessing the innovative automated solutions provided by CoriolisESG, our clients will be able to enhance their ESG credentials wherever they might be on their path to sustainability, especially when it comes to reducing third-party emissions from their supply chain. Corporations who encourage sustainable processes in their supply chain network enjoy a wider range of investors and the proliferation of ESG scoring will help companies forge stronger stakeholder relationships. Emirates NBD will continue to create partnerships to combat climate change and take measures that will accelerate the UAE government’s ‘UAE Net Zero 2050’ goal.”

Nigel Hook, Chief Executive Officer of TradeSun, added: “It is an honour to be selected by Emirates NBD to cooperate with them and their clients meet their sustainability goals. The underlying data fabric of CoriolisESG by TradeSun is unbiased and scalable, offering a unique and independent view of global business that will support greater sustainability and the flourishing of trade finance. We have built a great relationship with Emirates NBD and are looking forward to growing together in this critical area of the global economy.”

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