WHAT IS IAN?
IAN is a risk and due diligence platform developed by TMP Systems. Its current beta release covers “tenure risk” and has two complementary tools:
1. IAN Risk Beta - is a database which uses high-resolution geospatial data to generate a profile of a site, area or supply chain. This profile indicates where tenure risk is likely to cause problems and it has applications for risk professionals all sectors. In addition, it can be adapted to identify a broad range of leading environmental, social and governance (ESG) risks.
2. IAN Diligence Beta - is the business-oriented analysis of hundreds of problematic case studies in emerging and frontier markets. On the basis of this evidence, Ian Diligence provides practical, implementation-ready processes that help companies and investors to counter tenure risk at each stage of the project lifecycle. The current release covers agriculture, mining, hydropower, forestry and road and rail.
An extended overview of IAN is available here. Otherwise, information about Ian's components is available in the links above. Parties interested in working with TMP Systems on Ian, or just finding out a bit more, should contact Ben.Bowie@tmpsystems.net.
WHY AREN’T YOU CHARGING FOR IT?
This requires a bit of explanation. First, we think that the capital markets have a role to play in addressing some ESG issues by allocating away from projects that create or abet real environmental, social or governance problems. Second, we think that current information provides little basis for doing this intelligently - and we are not alone.
Norges Bank Investment Management has stated that current ESG information fails to produce “relevant and reliable data which reflects actual issues and potential risks” and is “not sufﬁcient for research purposes or for being integrated in the investment process in a consistent or scalable way.”
IAN’s purpose is to fill that gap, but we would be fools to try it alone. Releasing the tools freely and under copyleft licenses (explained here if you don’t know what that is) will allow others to critique, modify, augment and improve the work we have done. If there is widespread interest, it may also lead to significant innovations we have not imagined yet.
One final word on this: without the support of the British taxpayer (through the United Kingdom’s Department for International Development) and the assistance of the Rights and Resources Initiative, none of this would be possible. We are grateful to them for their support and hope we are delivering value for their money.