Definition
An Event Type in Prewave is a specific incident or risk that the platform monitors and scores, like “Fire”, “Labor Rights Violation”, “Product Recall”, or “Earthquake”.
Prewave has over more than 100+ distinct Event Types, organized into broader Event Groups (e.g. Health & Safety, Labor rights, Environment) depending on the user’s chosen perspective (e.g. Sustainability, Disruption, LkSG)
Overview
Below, you can find a table which lists the different Event Types by name as well as describing what the event type refers to.
Accident
An unexpected, physically damaging incident occurs in connection to a company (either on the production site, office or during transportation or supply) affecting either people, production or property.
Acquittal
A person or organization being acquitted on criminal proceedings, i.e. found to be not guilty.
Animal mistreatment
Any form of animal mistreatment, including animals being used illegally for business, kept inappropriately or abused.
Biodiversity Degradation
The negative impacts of the activities of a company on biodiversity, encompassing different species, habitats and whole ecosystems.
Blackout
A power failure / outage (of electrical power supply) happening in a city or region.
Blizzard
A snow storm causing damage or interruptions.
Bomb threat
A threat to detonate an explosive or incendiary device to cause property damage, death or injuries, whether or not such a device actually exists.
Building collapse
A collapse or partial collapse of an industrial building or any company property, causing it to be (temporarily) inoperative and thus interrupting business.
Capacity reduction
A decrease in production output, speed or quantity, due to varying internal or external reasons.
Chemical Leakage
Chemical leakage by a company or production site.
Child Exploitation
Anything else apart from child labor that involves forcing children to do something - including sexual abuse.
Child Labor
Children are forced to work.
Climate Change Negligence
Adverse impacts on climate change mitigation refer to actions or policies that hinder efforts to reduce greenhouse gas emissions, such as reliance on fossil fuels, deforestation, or weak company policies.
Collusion
Agreement or cooperation between two or more companies to limit competition, dictate prices and distort a market.
Consumer boycott
Consumers boycotting a product because of moral, ethical or political reasons.
Consumer campaign
Any form of consumers launching a campaign against a company or product, for instance by doing a collective petition.
Corporate investigation
An investigation or inspection of a company, organization, or business with a view to finding what wrongdoing has been committed by employees, management, or third parties.
Corporate Wrongdoing
Illegal, dishonest or negligent behavior by or within a corporation.
Corruption
Any sort of wrongdoing or negative activity within a business, association or organization, excluding fraud.
Counterfeit product
Any detection of a company’s reputation suffering because of the presence of counterfeit products, i.e. fake unauthorized replicas.
Credit rating downgrade
The credit rating is how well a company can fulfill financial obligations. A lower credit rating generally means a company is less able to pay debts.
Criminal Organization
A person or organization being involved in criminal activity by forming a criminal organization including terrorism or mafia.
Customs Issue
A company facing problems with customs (border control) because of misclassification, illegal goods, lack of documentation or any other reason.
Cyber Incident
An offensive maneuver that targets a company's computer information systems, infrastructures or computer networks.
Cyber Vulnerability
Weaknesses within a company's software program, computer system, or network that can be exploited by cybercriminals seeking to cause harm and access sensitive business assets of any companies using said infrastructure.
Data leak
An intentional or unintentional release of secure or private/confidential information to an untrusted environment.
Data privacy issue
A violation of data privacy like for instance violating regulations, spying on users, etc.
Deforestation
The removal of a forest or stand of trees from land which is then converted to a non-forest use.
Delisting
A security (stock) gets temporarily or permanently delisted (= removed) from the stock exchange.
Discrimination
Discrimination incidents involving workers/employees being treated differently because of their age/disability/nationality/race/religion/sex/etc.
Disease
Members of a company or organization are affected by a serious disease.
Drought
An event of prolonged shortages in the water supply.
Earthquake
An earthquake causing damage to people or structures.
Emergency measures
Large-scale measures taken in a company or location in order to contain, alleviate or avoid a catastrophe, outbreak or disaster.
Emission violation
A violation of emission limits done by an economic actor (organization, business etc).
Environmental Improvement
Environmental Improvement is a form of innovation which involves driving, supporting or advancing environmental or ecologically-focused causes.
Environmental Issue
Negative, adverse or harmful effects or mistreatment of the biophysical environment from human activity.
Expansion Activity
A company growing its physical presence, market share, product range or other activity.
Explosion
An explosion or detonation at any place.
Failure & safety
Failure of a machine, equipment, product or anything else.
Fatality
One person or several people died as a result of an accident.
Fire
A fire that has happened or is happening to a property.
Flood
A major flood event causing damage to people or structures. Either a natural disaster (tsunami, storm, rain, etc.) or man-made.
Force Majeure
A company defaulting on its obligations (not fulfilling its contracts) because it claims force majeure ("superior force" or "act of God").
Fraud
Any sort of fraudulent activity including scams and embezzlement.
Freedom of Thought Violation
The harmful effect or impact of the activities of a company on the fundamental human rights to "freedom of thought" and "freedom of religion".
Health & Safety Issues
An incident or conditions related to occupational / workplace health and safety problems.
Human Rights Violation
Any action that breaches or ignores basic human rights or relevant humanitarian law, be it intentional or unintentional.
Human Trafficking
The direct or indirect engagement of a company in the criminal act of human trafficking.
Hygiene Issue
The harmful effect or impact caused by the employer on the access to water for drinking, sanitation and hygiene purposes of workers.
Illegal employment
Employment of people without reporting to authorities in order to gain certain advantages.
Inadequate Housing
The harmful effect caused by the employer on the access to adequate housing and shelter of workers.
Indigenous Food Insecurity
When a company or corporation is associated with limiting the access of indigenous or local communities to food and natural resources associated with the provision of food, such as fruits, vegetables, herbs, mushrooms and other wild flora and fauna, thus restricting their "Right to food".
Indigenous Right to Lands Violation
The harmful effect or impact of the activities of a company associated with harmful effect or impact on the indigenous people's "Right to Lands". This involves land grabbing, land scandals with indigenous communities and improper use or other illegal acts related to the land of indigenous people.
Indigenous Voice Suppression
Events and situations where a company or corporation is associated with negative impacts on the "Right to participation" of Indigenous people. This includes cases of targeting of community representatives, scandals with criminal organizations or corruption and mafia.
Industry Update
Market or industry news updates.
Injury
An accident resulting in injuries.
Innovation Activity
Any activity relating to a company changing, creating or refining its products, processes and ideas.
Insider trading
The trading of stock or other securities based on restricted, confidential or non-public information - this can be considered illegal.
Insolvency
An event that affects the liquidity or solvency of a company, or has any relation to cash flow and ability to pay debts, i.e. a bankruptcy.
Interruption
An interruption happening at a plant, infrastructure facility, road, railway line, etc.
Investment reduction
An investment reduction, also known as a divestment or divestiture, is the reduction of some kind of asset for financial, ethical, or political objectives. A divestment is the opposite of an investment.
IP Infringement
An infringement or violation of an intellectual property right.
IPO
An initial public offering (IPO) or stock market listing is announced or rumored.
Labor demonstration
Workers/employees of a company, labor union or any business entity protest or demonstrate on the streets or any other public place.
Labor dispute
Workers/employees of a company, labor union or any business entity are in a dispute with their employer regarding terms, but not yet in strike or protest.
Labor Rights Violation
Any violation of labor rights. A specialization of human rights violations, but more generic than child labor or wage theft.
Labor strike
Workers/employees of a company, labor union or any business entity stop work as a form of protest.
Land conflict
Illegitimate or illegal acquisition of land, especially agricultural land, by any economical actor.
Land Degradation
Events and situations where a company or corporation is associated with land degradation. This involves practices in agriculture leading to soil sealing, overuse of phosphorus, overuse of pesticides or use of illegal pesticides, as well as other practices causing reduced crop yield over time.
Landslide
A landslide event causing damage to people or structures.
Lawsuit
A lawsuit that is filed against a company.
Legal Procedure
When a person or entity enters into a legal process due to presumed wrongdoing, i.e. "a manager being arrested".
Maintenance
Any maintenance or repair work conducted on infrastructure, machinery and/or equipment.
Major Delay
A delay which has a direct effect on transportation, production or delivery of goods. Not used for small incidents like when a flight is delayed.
Management Change
Top level management employees of a company change their roles or functions, or the organization of a company is restructured.
Mass layoff
Layoff of a huge fraction of workers/employees from the same company around the same time.
Mercury Emission
A company's industrial activities resulting in releasing toxic mercury that persist in the environment, accumulate in food chains, and pose serious risks to human health and ecosystems.
Merger & Acquisition
The process of one company purchasing or taking over another company.
Military Conflict
Potentially large-scale armed conflict between nations, factions or regional powers.
Mineral conflict
Conflict about a conflict mineral (i.e. tantalum, cassiterite, wolframite and gold).
Mismanagement
The process or act or managing a situation, project or people in a negative or wrong way.
Modern Slavery
Institutional slavery in which a person or people lose their freedom to stop working, leading to exploitation.
Ocean plastic pollution
The pollution of seas and oceans with plastic substances, plastic and articles thereof.
ODS Consumption
The consumption of ozone-depleting substances refers to the use of chemicals like CFCs, HCFCs, and halons that degrade the Earth's ozone layer, increasing harmful ultraviolet radiation exposure.
Partnership
A partnership is a close collaboration and shared commitment between organizations, occasionally involving a direct financial stake, to jointly manage and improve processes.
Policy Change
A company or institution changing or implementing a policy relevant to their supply chain due to external or internal pressure.
Political Instability
Large-scale instability, driven by political or market forces, that has a clear state-wide or country-wide effect.
Pollution
Pollution or contamination by a company or production site that has negative effects on nature, people or animals.
POP pollution
A company's industrial activities contributing to POP (Persistent Organic Pollutants) polluting. POPs are toxic elements polluting the environment by persisting for long periods, accumulating in living organisms, and causing serious health and ecological harm.
Product Launch
A company launches a new product or service.
Product recall
A product recall from a manufacturer to return a product after the discovery of safety issues or product defects.
Profit Decline
A company's profits decline/fall.
Profit Warning
A company announces that its profits will be lower as previously expected / announced.
Property Damage
Damage to or the destruction of public or private property, caused by a person.
Protest/Demonstration
Any form of protest or demonstration on the streets or any other public place with a reasonable amount of people.
Regulatory shutdown
Forced closure of a business or a significant part of a site, temporarily or permanent, by state authority as a result of regulations being disregarded.
Resource Overconsumption
The harmful effect or impact of the activities of a company associated with improper use or overuse of water, energy or other natural resources for its activities.
Restriction of Liberty
The civil and political rights to life, liberty and security of people, including but not limited to their right to not become victims of violence or death by private or public security guards protecting company premises, assets or employees.
Restructuring
A restructuring of debt and/or corporate assets, structure or business units in response to financial problems.
Sanctions
Sanctions like an import ban or embargo that are issued by a government, nation/region or company against any other government, nation/region or company.
Scandal
A disaster, shocking mistake or failure.
Sentencing
An organization or key person in the organization being sentenced/convicted after committing a crime.
Sexual Wrongdoing
Any kind of wrongdoing that is related to sexual activities. Also includes sexual incidents that are inappropriate, like sexual harassment or any form of exploitation.
Shooting
A shooting or attempted shooting, or use of firearms against people or property.
Short time work
Short-time working or short time is a situation or system in which civilian employees agree to or are forced to accept a reduction in working time and pay because of a difficult economical period.
Shortage
A shortage of a product is announced.
Site closure (temporary)
Temporary closure/shutdown of a business/significant part of a site.
Site closure (permanent)
Permanent closure/shutdown of a business/significant part of a site.
Site opening
Opening (expansion activities) or restart (after a temporary closure) of a business or a significant part of a site.
Smuggling
Any detection of contraband goods, i.e. illegally transported objects or substances.+
Social Improvement
A company or organization implementing or fighting for social and societal improvements as well as improving the lives of its employees.
Supplier Issue
A problem, issue or setback with a supplier.
Tax evasion
Illegal evasion of taxes by individuals, corporations, and trusts.
Theft
A theft incident where equipment or products of a company get stolen either by workers/employees/management or a third party.
Tornado
A violently rotating column of air that extends from a thunderstorm to the ground, often visible as a condensation funnel or a circulating cloud of dust and debris.
Toxication
Toxic pollution (gas, liquid or radiation) by a company or production site.
Transboundary Water Pollution
The pollution of seas and oceans by companies with oil, oily mixtures, noxious liquid substances, sewage, garbage or other harmful substances through bad practices like (but not limited to) ocean dumping and sea dumping.
Tropical storm
A tropical storm, i.e. hurricane, cyclone or typhoon, causing damage to people or structures.
Tsunami
A series of waves in a water body caused by the displacement of a large volume of water, generally in an ocean or a large lake.
Unethical labor
Unethical employment or treatment of any type of employee or worker, anywhere.
Volcanic eruption
A volcano erupting.
Wage Theft
An employer fails to pay workers/employees the minimum wage, withholds overtime pay, doesn't pay any wages or is in arrears to the workforce.
Waste Disposal Improvement
A company improves their procedures of waste disposal.
Waste Disposal Problem
Any kind of problem related to the disposal and management of waste, like especially illegitimate and illegal disposals.
Wildfire
An uncontrolled blaze, especially one that ignites rural areas with a lot of trees and dry brush.
Wildlife Trafficking
Events and situations where a company or corporation is associated with illegal obtaining, selling or trafficking of fauna and flora specimens.
Worker suicide
A worker/employee ended his/her life as a result of poor working conditions or any other job related issues.