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Finance firms face surging AI risks as conduct incidents average USD 14 million

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The share of C-suite executives identifying AI-related conduct risks as a top material risk has jumped from 16% over the past three years to 56% over the next three years, ranking first among non-financial risks.While executives report that major business conduct risk incidents rose by 55% between 2023 and 2025, with each incident costing USD 14 million on average, the majority of firms continue to invest in conduct data reactively rather than preventively.As financial firms scale AI across risk workflows, trusted data becomes essential to keep outputs relevant, accurate, and auditable – helping prevent hallucinations from spreading across models, dashboards, portfolios, and decisions.

ZURICH, June 11, 2026 /PRNewswire/ — RepRisk, the world’s most respected DaaS company for business conduct risks, today released new analysis from its global Business Conduct Risk Intelligence Report 2026, based on a survey of more than 500 C-suite executives across banks, asset managers, asset owners, and other financial institutions, conducted in collaboration with Oxford Economics.

Major risk incidents rise as costs mount

RepRisk’s new analysis estimates that firms face USD 28 million to USD 43 million in annual cost exposure from reputational and business conduct risks, with companies experiencing two to three significant incidents per year on average and each incident costing around USD 14 million. The most severe incidents average USD 37.6 million, highlighting the financial value of earlier detection and prevention.

Even modest improvements in monitoring – such as reducing incident frequency by 5% to 10% or accelerating escalation before issues intensify – could help mitigate multi-million-dollar losses annually. By enabling firms reduce blind spots, shorten decision cycles, strengthen governance, and improve auditability and decision confidence, structured business conduct risk intelligence creates measurable value, with C-suite executives surveyed expecting the ROI from these capabilities to double within three years.

AI risks surge as adoption scales

The report found that only 16% of executives identified AI-related conduct risks as a top material risk over the past three years – but 56% expect them to be a top material risk over the next three years. Against this backdrop, executives report that major business conduct risk incidents rose 55% between 2023 and 2025, while 67% say overall risk complexity has increased over the past year.

AI risks are surging just as banks, asset managers, asset owners, and other financial institutions are embedding AI into core workflows, from transaction due diligence and risk monitoring to portfolio oversight, compliance, KYC, and stewardship engagement. For financial institutions, the stakes are magnified by scale. Business conduct risk data can inform decisions across large portfolios, client relationships, counterparties, transactions, and internal control frameworks. If flawed or inconsistent data enters AI-driven workflows, errors can spread across models, dashboards, portfolios, and decisions – becoming difficult to identify, explain, or reverse after the fact.

“As we celebrate RepRisk’s 20-year anniversary, our founding mission, to bring transparency to business conduct risks to drive positive change, has never been more relevant,” said Philipp Aeby, CEO and Co-Founder of RepRisk. He added, “AI is moving deeper into financial decision-making, but models are only as trustworthy as the data and guardrails behind them. Hallucinations, inconsistent sources, and opaque methodologies can quickly scale into costly business decisions. Financial leaders want the speed of AI without the risks of black-box automation. They want trusted, AI-powered risk intelligence with humans in the lead, built on data they can explain, defend, and stand behind.”

The survey points to a clear preference for human-led AI when business conduct risk data informs material decisions. Across the full sample, 73% of executives report using human-AI hybrid approaches, while 67% trust hybrid data for material risk and investment decisions, compared with 35% for AI-only approaches. This preference is even stronger among banks, where 74% of respondents express confidence in human-AI hybrid data, underscoring demand for technology enhanced by expert oversight, rather than full automation.

About RepRisk

RepRisk is the world’s most respected Data as a Service (DaaS) company for reputational risks and responsible business conduct. Since 2006, RepRisk’s data has been trusted by the world’s leading banks, investment managers, Fortune 500 companies, sovereign wealth funds, and organizations such as the OECD and UN. Combining advanced AI with deep human expertise, and a proven methodology at the core, RepRisk’s solutions bring peace of mind, enabling clients to ‘know more, be sure, and act faster’. Our pioneering solutions help to strengthen due diligence processes across business conduct topics, such as biodiversity, deforestation, human rights, and corruption, empowering clients to identify, monitor, and mitigate reputational, compliance, and financial risks. Headquartered in Zurich, and with offices in Toronto, New York, London, Berlin, Manila, and Tokyo, we stay close to clients and bring an independent lens to the industry. United by our shared belief in the power of data, our 400 people are proud to be setting the global standard for business conduct data and driving positive change through transparency. Visit us at reprisk.com and follow us on LinkedIn. 

Contact –  Mathias Fürer, +41 41 552 30 01, media@reprisk.com

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SOURCE RepRisk

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EQT agrees to sale of shares in Beijer Ref to Melker Schörling AB

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June 11, 2026

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STOCKHOLM, June 11, 2026 /PRNewswire/ — Breeze TopCo S.à r.l, an affiliate of the EQT IX fund (“EQT”) has signed an agreement to sell its entire holding of non-listed A-shares in Beijer Ref to Melker Schörling AB (“Melker Schörling”) at an undisclosed premium. 

As part of the transaction, Peter Jessen Jürgensen, via Labotek International A/S and KLS Jessen AB, agrees to sell his entire holding of A-shares to EQT, in exchange for 4,146,592 B-shares from EQT. The A-shares received by EQT from Peter Jessen Jürgensen will, upon completion of that transfer, be included in EQT’s sale of its entire holding of A-shares to Melker Schörling.

The closing of the transactions are subject to customary regulatory approvals. Following completion of the transactions, EQT will hold 30,742,835 B-shares in Beijer Ref.

Contact
EQT Press Office, press@eqtpartners.com 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/eqt-agrees-to-sale-of-shares-in-beijer-ref-to-melker-schorling-ab,c4361597

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Huasun Ranked 12th on TIME’s World’s Top GreenTech Companies of 2026, Leaping 22 Places on the Strength of HJT Conviction

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June 11, 2026

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XUANCHENG, China, June 11, 2026 /PRNewswire/ — Huasun Energy, a global leader in heterojunction (HJT) solar technology, has been ranked 12th on TIME’s World’s Top GreenTech Companies of 2026 — a recognition presented jointly by TIME and Statista. Having debuted on the list at 34th in 2025, Huasun has climbed 22 positions in a single year, ranking highest among Chinese companies on the list.

The ranking evaluates more than 8,300 companies worldwide, selecting 250 of the most impactful green technology companies based on quantitative assessment on environmental impact, financial strength, and innovation.

A Conviction Rewarded

“This recognition is the best validation of Huasun’s commitment to HJT technology since establishment,” said Dr. Xiaohua (Jimmy) Xu, Chairman of Huasun Energy. “We chose this path not because it was easy, but because we believed it represented the future of solar. Over the years, we have built deep R&D capabilities and a growing patent portfolio, and translated each technology breakthrough into products that are now trusted by customers around the world.”

Today, Huasun’s HJT modules lead the industry on mass-production cell efficiency, module reliability, and lifetime energy yield — advantages built on years of process engineering and IP accumulation. Beyond current-generation products, Huasun has pioneered a 100 MW pilot line for HJT-perovskite tandem cells, establishing an early industrial pathway toward next-generation photovoltaic efficiency. The company is also advancing space-grade HJT solar technology and exploring the integration of solar power with AI computing infrastructure — positioning HJT as a foundational energy technology for both terrestrial and emerging high-demand applications.

Global Reach Built on Technology Trust

In less than six years, Huasun has shipped over 16 GW of HJT modules to projects across more than 80 countries and regions. HJT’s combination of high bifaciality, low temperature coefficient, and low carbon footprint has earned the trust of project developers, EPC contractors, and power investors worldwide.

About Huasun Energy

Founded in July 2020, Huasun Energy is a global leader in HJT solar cell and module manufacturing, with over 16 GW shipped to 80+ countries and regions. Committed since inception to a single technology path, Huasun’s mission is to make clean energy universally accessible through continuous innovation in HJT, tandem cell, and next-generation solar technologies. For more information, visit www.huasunsolar.com

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Cobra Electronics Expands Its Professional Product Range with New DMR Tier II-Compliant Performa Digital Radios in Europe

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June 11, 2026

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Digital Radio Solutions for Small and Medium-Sized European Businesses

CHICAGO, June 11, 2026 /PRNewswire/ — For small and medium-sized businesses, reliable, high-quality communication is essential. These businesses require the audio quality and features digital radio systems provide but often find current options oversized, overpriced and unnecessarily complex.

With 65 years of experience in the two-way radio sector, Cobra Electronics has addressed these needs with the launch of its first DMR Tier II product line. Designed specifically for demanding business environments, these radios deliver dependable digital performance without the cost, bulk or complexity common in competing solutions.

The Performa Digital Series reflects Cobra’s focused approach to solving real-world business communication challenges. The line-up is cost-effective, easy to deploy and simple to use.

The Performa line-up includes two models for different work environments: the Performa 600 Digital prioritises wearability and simplicity for highly mobile teams, while the Performa 850 Digital delivers enhanced range, power and customisation for larger or more demanding sites. Both suit industries where coordination and mobility are critical, including hospitality, education, warehousing, event management and facility operations. On multi-shift, fast-moving sites, this DMR Tier II Compliant line-up will help teams communicate clearly, respond quickly and stay aligned throughout the workday.

“Clear, reliable communication is critical to keeping teams running efficiently, but many SMBs have been priced out of digital solutions,” said Jonas Forsberg, CEO of Cedar Electronics. “With the expansion of the Performa line-up to include digital, we’re making high-performance digital communication more accessible and scalable, giving businesses the reliability, durability and flexibility they need to stay connected effectively and operate with confidence.” 

Purpose-Built Solutions for Different Operational Needs

Performa 600 Digital – The Performa 600 is a compact, lightweight, digital radio built for teams that value comfort and agility. With a full 2-watt power output, a fixed antenna and a clear LED channel display, it delivers consistent, dependable communication in a wearable form factor.

Performa 850 Digital – The Performa 850 is a higher-powered digital radio designed for larger facilities, outdoor job sites and multi-storey operations. With 4-watt output, it offers extended coverage, a removable antenna and a dot matrix display for greater flexibility and customisation, making the 850 a more advanced option for organisations that require more scalability and customisation as their operations evolve.

Designed for flexible deployment, the Cobra Performa Digital Series is compatible with most DMR Tier II products currently on the market, allowing organisations to transition to digital at their own pace without replacing entire systems at once. Both models are built for durability, featuring IP67 waterproofing and MIL-STD-810H certification to ensure reliable performance in demanding conditions.

Cobra’s new Performa Digital radios are distributed exclusively through Airsys in Europe. The Cobra Performa Digital Series radios will start shipping this autumn. To learn more, visit https://eu.cobra.com/

About Cobra Electronics 

Cobra Electronics is a major brand of Cedar Electronics, a global supplier of connected business, automotive and consumer electronics solutions. Cobra’s focus remains on keeping people connected on the move with their product line-up, including handheld professional and consumer two-way radios, CB and marine radios, radar detectors, smart dash cams, power solutions and a range of accessories. Leveraging its 65-year history of producing high-quality, reliable communications solutions, Cobra extends the Cedar Electronics mission to empower people to communicate effectively and enhance productivity. To learn more, please visit eu.cobra.com.  

Media Contact

Sara Osborne 
360PR+ for Cobra Electronics  
sosborne@360pr.plus

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