TL;DR:
- Accenture Ventures Project Spotlight collaborates with Cervest, an AI-powered climate intelligence platform.
- The partnership aims to provide clients with historical, current, and predictive views of combined climate risks.
- The collaboration will combine Accenture’s ESG intelligence capabilities with Cervest’s Earth Science AI, data modeling, and machine learning capabilities.
- The joint effort will expand Accenture’s capabilities to help clients make informed sustainability decisions by analyzing climate risk-related data.
- The partnership will enable clients across industries to make informed sustainability decisions by analyzing climate risk-related data.
- Unified CI capabilities will enable organizations to accelerate scenario planning and expand the network of science-backed insights.
- The collaboration is expected to help clients protect their people, assets, finances, operations, and supply chains from the growing threat of physical and transition risk.
- Organizations will have access to a broader range of science-backed insights, allowing them to take proactive steps toward mitigating climate risks while also making climate-related disclosures more transparent.
Main AI News:
Accenture Ventures Project Spotlight has partnered with Cervest, an AI-powered climate intelligence (CI) platform, to provide clients with historical, current, and predictive views of combined climate risks. This collaboration aims to assist organizations in planning for resilience and informing net-zero strategies by embedding climate considerations into risk mitigation and placing effective climate strategy and adaptation at the core of long-term business resilience.
As businesses face increasing pressure to disclose their climate-related financial risks and improve transparency around ESG strategy, governance, risks, and opportunities, the partnership between Accenture and Cervest will combine Accenture’s ESG intelligence capabilities with Cervest’s Earth Science AI, data modeling, and machine learning capabilities to assess and mitigate physical asset risks based on different climate scenarios.
The joint effort will expand Accenture’s capabilities to help clients make informed sustainability decisions by analyzing climate risk-related data to address the impacts of climate change. The partnership will further enhance Accenture’s capabilities to support clients in addressing climate-related challenges through its newly launched Climate.MAP Accelerator and Cervest’s pioneering climate data modeling and machine learning technology.
According to Vrushali Gaud, Managing Director of Sustainability Services at Accenture, the partnership will enable clients across industries to make informed sustainability decisions by analyzing climate risk-related data. Iggy Bassi, Founder and CEO of Cervest noted that unified CI capabilities will enable organizations to accelerate scenario planning and expand the network of science-backed insights available to make key transactional decisions and meet reporting standards.
The Accenture-Cervest collaboration is expected to help clients protect their people, assets, finances, operations, and supply chains from the growing threat of physical and transition risk. By using unified CI capabilities, organizations will have access to a broader range of science-backed insights, allowing them to make informed sustainability decisions and take proactive steps toward mitigating climate risks while also making climate-related disclosures more transparent.
Conlcusion:
The collaboration between Accenture and Cervest highlights the increasing demand for climate risk management solutions across various industries. By combining Accenture’s ESG intelligence capabilities with Cervest’s Earth Science AI and data modeling, clients will have access to a more comprehensive view of combined climate risks. This collaboration further emphasizes the importance of embedding climate considerations into risk mitigation and putting effective climate strategy and adaptation at the core of long-term business resilience.
With the partnership, businesses will be better equipped to make informed sustainability decisions, protect their assets and supply chains, and meet reporting standards. This collaboration sets a precedent for similar partnerships in the future and reinforces the growing role of AI-powered solutions in addressing the challenges of climate change.
