Are you a small or medium-sized business looking to showcase your ESG (Environmental, Social, and Governance) credentials to important customers, suppliers, and business partners? Are you a large business looking to shape and drive ESG adoption in your country?
If the answer to any of the questions is yes, Dun & Bradstreet has you covered with its diverse catalog of ESG-focused solutions.
With the global impact of climate change becoming more and more evident with each passing day, the importance of ESG compliance in the business world is growing at a rapid pace.
Being a solution-first company, Dun & Bradstreet took the lead in this area and introduced its flagship products ESG Registered, ESG Ranking, and ESG Intelligence to authenticate, recognize, and aid businesses that are excelling on the ESG front.
The Dun & Bradstreet ESG Rankings emerged as a trendsetter for the industry as it offers data and rankings of over 81 million public and private companies in 185 countries. With the ever-expanding popularity and sizable benefits granted by ESG Rankings, D&B is well on track to cross the milestone of hosting 100 million firms on its rankings list. The coverage and materiality focus of the ESG Rankings make it convenient for a myriad of applications, particularly those related to risk identification across a wide catalog of companies.
In contrast, the innovative D&B ESG Registered recognizes authentic businesses that are committed to disclosing their ESG initiatives and assigns them a dedicated badge, making them easily discoverable and granting them a competitive advantage for partnerships and third-party linkages. Small and medium-sized businesses looking to showcase their ESG credentials and project themselves as responsible entities can benefit from ESG registration. For small enterprises, the ESG Registered label can also act as a catalyst for generating leads from customers looking to deal with responsible companies.
Similarly, the cutting-edge D&B ESG Intelligence provides intelligent third-party sustainability analytics solution that allows companies to assess and track their business partners’ ESG performance and activities. This revolutionary solution delivers data and analytics built from the Data Cloud and establishes sustainability standards to help companies quantify and assess the impact of their business partners’ sustainability rankings on their companies’ performance. Large companies can utilize this product to monitor the performance of suppliers on the ESG front and also identify high-risk third parties for engagement.
Dun & Bradstreet now envisages widening the scope of its ESG-focused solutions to deliver top-notch services to responsible industries across diverse sectors all over the globe.
Deep Dive into ESG Ranking
Under the methodology employed for ESG Ranking, Dun & Bradstreet focuses on 13 unique ESG themes which cover 31 specific topics to rank ethical and responsible firms.
The 13 essential themes are:
- Natural Resources
- Greenhouse Gas Emissions & Climate
- Environmental Risk
- Environmental Opportunities
- Human Capital
- Product & Service
- Customer Engagement
- Community Engagement
- Supplier Engagement
- Certifications
- Corporate Governance
- Corporate Behaviors
- Business Sustainability
D&B’s ESG rankings are structured around leading sustainability frameworks, such as:
- CDP (Carbon Disclosure Project)
- GRI (Global Reporting Initiative)
- SASB (Sustainability Accounting Standards Board)
- TCFD (Task Force on Climate-related Financial Disclosures)
- UN PRI (United Nations Principles for Responsible Investment)
- UN SDGs (United Nations Sustainable Development Goals)
This standardized framework provides trusted and measurable insights that help companies benchmark against industry averages, develop goals to stimulate supply chain performance, set ESG policies in onboarding evaluations, and compare third-party ESG Rankings against performance.
In line with the global benchmarks, Dun & Bradstreet’s ESG Ranking alots ratings to businesses based on their compliance with sustainable frameworks. It can prove to be imperative for firms looking to enter into partnerships and collaborations with environmentally responsible and ethical third parties. The ranking helps the companies to better mitigate risk, increase resiliency, and boost business performance.
In the ESG ratings arena, Dun & Bradstreet mainly competes with firms specializing in ESG research, finance analytics, corporate governance, and business ratings. Amid stringent competition, Dun & Bradstreet relies on its catalog of a colossal number of companies to ensure its dominance on the ESG front. No other competitor comes close to D&B’s list of over 81 million companies across 185 nations. In addition, D&B takes benefit of 13 targeted themes that encompass all essential areas of ESG.
Moreover, D&B ensures that it continues to dominate the ESG field by capitalizing on real-time and verified data to sustain the confidence of customers and the industry. Our emphasis is on the importance of metrics to company financial performance and dynamic materiality.
Market Response
Time and again, clients have praised D&B’s ESG-focused products and termed it “a versatile provider for firms looking to adopt an all-in-one solution for public and private market ESG investing and counterparty ESG risk management.”
Another customer stated that the D&B ESG Intelligence “can provide vast quantities of corporate ESG data… alongside intelligence signals and decisioning tools that can power onboarding and risk management across the third-party lifecycle.”
They also said that “D&B ESG Intelligence is a trusted source of ESG rankings, enabling firms to maintain ESG performance visibility throughout the supply chain and mitigate ESG-related reputational, regulatory, and physical risks associated with suppliers.”
For more information on Dun & Bradstreet’s products, visit www.dnbsame.com