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List of Premium Countries (Last updated April 1, 2023)
Afghanistan, Algeria, Angola, Benin, Burkina Faso, Burundi, Cambodia, Cameroon, Congo (the Democratic Republic of the), Congo (the), Côte d'Ivoire, Central African Republic, Chad, Djibouti, Equatorial Guinea, Ethiopia, Eritrea, Gabon, Gambia (the), Guinea-Bissau, Guam, Guinea, Haiti, Iran (Islamic Republic of), Iraq, Kyrgyzstan, Laos (Lao People's Democratic Republic (the)), Liberia, Libya, Madagascar, Maldives, Mali, Mauritania, Mongolia, Mozambique, Myanmar, Nepal, Niger, Palestine, State of, Papua New Guinea, Rwanda, Senegal, Seychelles, Somalia, South Sudan, Sudan (the), Syrian Arab Republic, Togo, Turkmenistan, United Arab Emirates (the), Uzbekistan, Yemen, Zimbabwe
RISK AREAS
Our research processes are derived from our work with companies across all industry sectors, who engage with third parties and business partners across the globe. The risks areas we report on are the ones we believe most impact business relationships across third party risk. These 29 Risk Areas have been divided into 6 Risk Categories: Integrity Risks, ESG Risks, Operational and Quality Risks, Financial Risks, Identity Risks, and Data and Cyber Risks. The risk areas and categories are displayed on the cover page of each report, and are defined and expanded on in the 'Risk Area White Paper'.
NEW DATA PARTNERS
As Financial/Creditworthiness, Cybersecurity and ESG Risks have become evermore essential in assessing the overall risk imposed by a third party, LSEG has partnered with Creditsafe, Bitsight, and Sigwatch, all experts in their respective fields, to provide specialized high quality data on the subject at hand, further contextualized and analysed by our highly trained LSEG analysts.
FINANCIAL/CREDIT SCREENING
The Creditsafe scoring model is a highly predictive analytical tool that uses advanced statistical techniques. It combines commercial and other key information, including trade payment information, public information, key financial ratios, industry sector analysis and other performance indicators to provide organizations with a view of their existing and future third parties. The Creditsafe scoring model predicts the likelihood of a company failing within the next 12 months. This model was created by reviewing companies that failed over a 12-month period and assessing the commonalities within these failures. By compiling the variables that have an impact on the failed businesses, Creditsafe offers one of the most predictive scoring models available. See the attached 'Creditsafe Overview & Scoring Booklet' for more information on Creditsafe and its scoring system.
CYBERSECURITY SCEENING
BitSight provides cyber security ratings that are objective, verifiable, and actionable. With a proprietary method of data collections of 120+ sources, BitSight gives visibility into the current and historical (12 months) cyber security performance of third parties. BitSight provides insight into 23 cyber risk vectors, including compromised systems, security incidents, malware servers, spam propagation and data breaches. The attachments 'Bitsight Security Rating Overview' & 'Bitsight Security Rating Deep Dive' provide definitions of the cyber risk areas as well as explanations of the BitSight rating system.
ESG SCREENING
Through a global network of multilingual researchers monitoring the world’s major and emerging economies in 19 languages, SIGWATCH observes how environmental, human and animal rights, and consumer activists are driving current and emerging issues and their impact on individual corporations and brands. SIGWATCH objectively gathers data by carrying out real-time tracking of over 10,000 non-governmental organizations (NGOs) campaigns and reports NGO allegations exactly as stated, without endorsing or validating, to ensure clients accurately grasp NGO claims. Please see the attached 'Sigwatch Brochure' for more information on Sigwatch.
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