Accenture has entered into a collaboration agreement with Cervest, an AI-powered climate intelligence (CI) platform, to deliver on-demand access to historical, current and predictive views of combined climate risks.
The collaboration is part of the Accenture Ventures Project Spotlight initiative, and aims to help clients across industries assess and mitigate physical asset risk based on different climate scenarios, enabling them to better plan for resilience and inform net zero strategy, while also making climate-related disclosures more transparent.
Accenture will combine its capabilities in ESG intelligence with Cervest’s Earth Science AI, data modeling and machine learning capabilities available through its CI platform and EarthScan product.
“As climate-related physical and transition risks become more prevalent, companies need to embed climate considerations into risk mitigation and put effective climate strategy and adaptation at the core of long-term business resilience,” said Vrushali Gaud, managing director, Sustainability Services at Accenture. “By combining our newly launched Climate.MAP Accelerator with Cervest’s pioneering climate data modeling and machine learning technology, Accenture continues to expand its capabilities to help clients across industries make informed sustainability decisions by analyzing climate risk-related data to address the impacts of climate change.”
“Businesses around the world are under mounting pressure to disclose their climate-related financial risk and increase transparency about ESG strategy, governance, risks and opportunities,” said Cervest founder and CEO Iggy Bassi. “Accenture’s holistic approach, carbon intelligent technology and expertise in solving sustainability challenges, combined with Cervest’s unified CI capabilities, will help clients protect their people, assets, finances, operations and supply chains from the growing threat of physical and transition risk. Not only will unified CI enable organizations to accelerate scenario planning, it will also expand the network of science-backed insights available to make key transactional decisions and meet reporting standards.”
