RepRisk launches biodiversity risk tool
Published by Sara Simper,
Editorial Assistant
World Pipelines,
ESG data science firm RepRisk and the Integrated Biodiversity Assessment Tool (IBAT) Alliance collaborated to unlock biodiversity insights via RepRisk Geospatial Analytics, which launched 25 October. An extension of RepRisk’s flagship product, the RepRisk ESG Risk Platform, Geospatial Analytics facilitates robust biodiversity risk assessment for market practitioners and solves common pitfalls around quality and availability of both biodiversity and proximity data.
RepRisk Geospatial provides powerful biodiversity due diligence data, showing the proximity of 60 000+ mining and oil and gas projects to 270 000+ protected areas and 16 000+ key biodiversity areas – then rolling those insights up to project owner and operator companies. These insights provide useful information to market practitioners asking questions like, “does my client operate any pipelines near protected areas?” or “does the mine in my portfolio overlap with areas of high biodiversity value?”
“RepRisk Geospatial Analytics is ground-breaking for investors. It is essential to understand where companies own and operate assets before it is possible to understand the potential biodiversity related risk of an investment.” said Edward Ellis, Business Manager at IBAT Alliance. “RepRisk links assets on the ground to owner and operator companies, enabling investors to better understand aspects of their nature-related risk. When combined with the existing risk information in RepRisk’s ESG Risk Platform, investors are able to analyse biodiversity in the environmental pillar of ESG in an even more multi-dimensional way.”
A preliminary analysis of RepRisk Geospatial Analytics reveals that:
- Approximately 32% of natural and mixed UNESCO World Heritage sites are currently within 1 km of an extractive project.
- 52% (470 out of 900) of Alliance for Zero Extinction sites, which are home to the last of some of the world's most threatened species, are within 10 km of an extractive project.
- Approximately 8400 or 81% of oil and gas pipelines worldwide are within 10 km of at least one environmentally sensitive site.
Read the article online at: https://www.worldpipelines.com/product-news/26102022/reprisk-launches-biodiversity-risk-tool/
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