Climate analytics firm Risilience has been recognised by independent research firm Verdantix in its Smart Innovators: Climate Risk Digital Solutions report.
The Cambridge-based company performed well in all categories of the report, which provides a comprehensive overview of 24 different providers across five areas of capability: physical-risk analysis, transition-risk analysis, financial- and operational-impact quantification, real-time risk planning for weather, and TCFD-aligned reporting and benchmarking.
Among the various judging criteria, the report stated Risilience has particular market-leading functionality and product differentiation across transition-risk analysis for corporates and impact quantification, specifically climate scenarios coverage, operational-impact quantification and financial-impact quantification.
“We are delighted to have validation from a well-respected analyst house that we are delivering truly market-leading solutions,” said Risilience CEO Dr Andrew Coburn.
“We understand that organisations across the world must take a holistic view when it comes to climate risk, balancing both physical risk with near-term, transition risk. Too often, we see a lack of emphasis on transition risk, so to see our unique solution scored particularly well across the entire risk landscape is especially pleasing.”
Demand for climate risk management has increased in recent years, driven by extreme weather events, investor demand, climate disclosure and changing policy landscapes.
Risilience’s climate-analytics platform turns data into actionable insights, empowering organisations to understand and quantify the scope, magnitude and timescale of climate risk in relation to their strategies and operations. This allows companies to measure and balance the potential financial impacts with the cost of transitioning their business to operate more profitably in a low-carbon economy.
Incubated at the Cambridge Centre for Risk Studies at the University of Cambridge Judge Business School, Risilience now works with many of the enterprise world leaders in transforming themselves for the low-carbon economy, including Nestlé, Burberry, Coca-Cola Europacific Partners, Reckitt, easyJet and Tesco.
Source: Verdantix Smart Innovators: Climate Risk Digital Solutions, April, 2023