June 22, 2022
Tracking the ESG events surrounding companies, products or individuals associated with your brand, portfolio or supply chain can help you manage corporate and investment risk, and get ahead of the curve.
The “BP Oil Spill”, started on April 20th, 2010 with a fire on the Deepwater Horizon drilling platform and led to one of the largest marine oil spills in history. The judicial saga that followed lasted several years, and the total cleanup costs were estimated at $180 billion. Our news-based ESG Controversy Framework captured the different dimensions of the 2010 environmental scandal, as well as other subsequent events, like an industrial fire at a BP refinery in 2012, as follows:
In April 2016 BP paid $20.8 billion in fines, the largest corporate settlement in United States history.
The total penalties and cleanup cost for BP alone were about $65 billion.
It's often difficult to follow all the news to build a complete ESG picture, particularly when events are less reported. Benefits from local and global newswire coverage, RavenPack’s ESG controversy framework gives investors the opportunity to identify companies involved in controversial events reported in local news outlets before the information reaches the mainstream media. Furthermore, RavenPack’s decades-long news archive and global coverage provides investors with the ability to derive insights from a unique source of sustainability signals.
Check out other ESG controversy case studies that have been widely reported, to understand how the RavenPack ESG Ratings framework works, or request a trial to explore how it could help you stay on top of ESG controversies impacting your brands or portfolios.
Request a trial to start tracking ESG events related to your brand or portfolio.
RavenPack’s ESG Controversy Scoring Framework is based on real-time detections of events across 40,000+ news sources in 13 different languages.
It follows an event-based approach that can help assess the extent of a firm’s ESG controversy exposure through time by monitoring real-time news coverage.
Please use your business email. If you don't have one, please email us at email@example.com.
We will process your personal data with the purpose of managing your personal account on
RavenPack and offering our services. You can exercise your rights of access, rectification,
erasure, restriction of processing, data portability and objection by emailing us at firstname.lastname@example.org. For more information, you can
Your request has been recorded and a team member will be in touch soon.
Sustainability factors can severely impact the financial performance of companies, and investors should account for ESG risks in their portfolio construction process. We analyze the relationship between ESG controversy events detected in RavenPack Edge, and share prices of listed equities.
Two Boeing 737-MAX aircraft crashed in 2018 and 2019. Investigations revealed that the fatalities were caused by the Boeing-developed MCAS and a lack of pilot training.
The September 2015 dieselgate scandal has cost Volkswagen AG more than $34 billion in fines and settlements. The various dimensions of this scandal were captured by our news-based ESG Controversy Scoring Framework.
Our news-based ESG Controversy Scoring Framework captured the different dimensions of the 2010 environmental scandal for BP, as well as other subsequent events, like an industrial fire at a BP refinery in 2012.
Last summer, Activision Blizzard was accused of covering up allegations of workplace abuse, harassment, and discrimination, which led to employee walkouts and protests. Our ESG Controversy Scoring Framework detected it.
Tracking the ESG events surrounding companies, products or individuals associated to
your brand, portfolio or supply chain can help you manage corporate and investment risk.