Global professional services firm Accenture announced a new collaboration with AI-powered climate intelligence (CI) platform Cervest, aimed at expanding Accenture’s climate-related consulting capabilities, and to provide with solutions to manage climate risk.
Founded in 2016, Cervest offers solutions, based on its Earth Science AI data modeling and machine learning technology, that help companies, financial institutions and governments measure and assess climate risk and opportunities on global assets across multiple emissions and climate hazard scenarios and time horizons.
The announcement follows the recent launch by Accenture of Climate.MAP Accelerator, its new data-driven, tech-enabled ESG tool, combining third-party datasets, quantitative analysis and modeliing, aimed at helping companies to build business resiliency and strengthen their climate disclosures.
Vrushali Gaud, Managing Director, Sustainability Services at Accenture, said:
“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. 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.”
The new collaboration will combine Accenture’s ESG intelligence and Cervest’s technology capabilities, enabling clients to perform scenario-based climate risk assessments to plan for resilience, inform net zero strategies, and improve climate-related disclosure transparency.
Cervest founder and CEO Iggy Bassi, said:
“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.”