Global Canopy launches tool for corporate supply chain risk



You’ve heard of the Task Force for Climate-Related Disclosures, the climate-risk accounting bible developed by a commission led by Michael Bloomberg and the Bank of England’s Mark Carney (if not, see this and this and this).

Now comes the Soft Commodity Risk Platform, or SCRIPT, from Global Canopy, WWF and Ceres.

Soft commodities typically refer to agricultural or timber products and the tool helps financial institutions screen their investment portfolio for environmental flags, like companies that source unsustainable palm oil products or that have supply chains that contribute to deforestation.

SCRIPT has two features: a policy benchmarking tool for banks to measure the environmental policies against their peers, and a portfolio risk tool that screens for high-risk portfolio companies.

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