Professional services firm EY US and business information services provider Thomson Reuters announced today the launch of new ESG tools, as part of an expanded alliance between the company’s aimed at delivering solutions addressing business and government needs for supply chain transparency and policy tracking.

The companies stated that the alliance “leverages each organization’s capabilities, proprietary tools and market insights” in order to help business and government customers to analyze and address hidden risks and extract greater value from their supply chains.

Andy Baldwin, EY Global Managing Partner – Client Service, said:

 “Today’s ESG landscape is complex. Our alliance with Thomson Reuters not only deepens the trust and commitment between our two organizations but also addresses the ESG risk opportunities that are central to the growth strategies of customers. The ESG tools we have developed will help address critical business needs in the supply chain and regulatory space.”

The new tools include “Supply Chain Risk Identification,” aimed at identifying supply chain risks such as forced labor, as well as providing risk scoring and ongoing monitoring, and; “The ESG “Green” Tax Framework,” a research, analytics and data offering covering global tax laws, regulatory information, policy developments and industry insights for ESG tax obligations, credits and incentive scenario planning and insights into future policy considerations.

The companies said that they will continue to develop more ESG tools in the future through the alliance.

Steve Rubley, President, Government business at Thomson Reuters, said:

 “By equipping professionals with information and insight, we can help them navigate today’s increasingly complex global environment, as well as enabling them to use data for good in tackling societal issues, such as forced labor in supply chains.”

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