Sustainability analytics firm Risilience has received the King’s Award for Enterprise in recognition of its contribution to the growing climate-technology sector. 

The prestigious award was presented to Dr Andrew Coburn, Risilience CEO and a founder, by the Lord-Lieutenant of Cambridgeshire, Julie Spence, who said: “This award is only presented to the most credible, deserving organisations – I see it as the knighthood of business awards. Risilience more than fits that bill, offering innovative technology that is truly shaping the world of business.”

Chosen for the positive impact of its sustainability-analytics platform, Risilience is one of only 47 companies in the UK to win an award in this year’s prestigious ‘Innovation’ category, which recognises businesses that demonstrate strong, commercially successful and innovative products or services.  

Risilience’s sustainability-analytics platform turns data into actionable insights, empowering organisations to understand and quantify the scope, magnitude and timescale of climate and nature 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 and nature-positive economy.

Dr Coburn said: “It is an honour to receive the King’s Award for Enterprise in the Innovation category. It is testament to the incredible hard work and dedication of every single member of the team at Risilience. I’m extremely proud of what we have achieved together.

“We have developed digital-twin technology that is transforming the way major, global corporations map and respond to their impact on climate and nature, enabling them not only to mitigate risk but surface business opportunities. To be recognised in this way and awarded such a revered accolade is a milestone achievement.”

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.  

Its digital-twin technology enables businesses to understand in financial terms the impact of numerous climate-and-nature-related transitional and physical risks on their organisation, including increasing regulation, threats from litigation and changing consumer sentiment. Collectively, climate-related risks could reduce business value by up to 30 per cent if companies fail to act.

“At Risilience, we believe the road to net zero presents many opportunities when employing a science-based approach to managing climate-and-nature-related risk. With companies under increasing pressure from investors and consumers, and new regulation, to understand, report and mitigate their potential climate and nature impact, Risilience’s analytics platform delivers a data-led and strategically sound journey towards true business transformation.” 

Previously known as the Queen’s Awards for Enterprise, the King’s Award for Enterprise is the country’s most prestigious awards for UK businesses; recognising and celebrating business excellence in innovation, international trade, sustainable development and promoting opportunity.