With the increasing importance of data-led insights to help companies meet their net zero ambitions, PwC UK today announced a collaboration with Risilience, a climate analytics firm, to further enhance its market-leading climate analytics offering.
The Risilience climate platform will help PwC UK enhance its analytics offering, which plays a vital role from both a regulatory and reporting standpoint as well as for net-zero action.
The platform will be used by PwC UK’s Sustainability practice to support clients across their sustainability journey and will arm clients with the necessary data to form a comprehensive climate risk assessment, inform their net-zero strategy and disclosure of climate-related information accurately.
The Risilience platform uses digital-twin technology to help organisations to stress test and financially quantify their operations and supply chain with different climate-related risks. This includes physical risks, such as impacts on raw materials, as well as transition risks including changes in consumer and investor sentiment, regulatory changes, and litigation.
Tom Beagent, Sustainability partner at PwC, said:
“This exciting collaboration with Risilience and their advanced climate analytics, will further strengthen our support to clients in understanding the strategic and financial implications of climate change.”
Dr Andrew Coburn, CEO and Co-founder of Risilience, added:
“We recognise that many organisations are on a sustainability journey. This collaboration combines the expertise of PwC’s UK sustainability team with our world-class climate science and technology, to help organisations optimise their climate transition plans along that journey.”