Accenture (NYSE: ACN) has embarked on a groundbreaking collaboration with Cervest, an AI-powered climate intelligence (CI) platform, through its Accenture Ventures Project Spotlight initiative. This transformative partnership aims to bolster Accenture’s capacity to deliver comprehensive climate risk insights to clients across industries, empowering them to assess and mitigate asset vulnerabilities and fortify their resilience strategies, according to a press release published on EuropaWire .
Vrushali Gaud, managing director of Sustainability Services at Accenture, underscored the urgency of integrating climate considerations into business resilience strategies, stating, “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.”
Cervest’s proprietary CI platform offers science-based climate risk insights, including exposure metrics and globally comparable risk ratings for assets and portfolios. By leveraging Cervest Ratings™, businesses can gauge the impact of climate change effects such as droughts, flooding, wildfires, or extreme temperatures on their assets. The platform’s collaboration tools facilitate seamless sharing of portfolios and insights across teams and organizations, enabling informed decision-making.
Iggy Bassi, founder and CEO of Cervest, emphasized the significance of unified climate intelligence in addressing evolving sustainability challenges, stating, “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.”
The collaboration aligns with Accenture Ventures’ Project Spotlight, an engagement and early investment program that connects emerging technology startups with the Global 2000 to address strategic innovation gaps. Mauricio Bermudez Neubauer, global lead for carbon strategy & intelligence at Accenture, highlighted the pivotal role of carbon data and ESG insights in driving business resilience and sustainability.
Leading organizations like Ecopetrol, a prominent oil and gas company, have already leveraged Accenture’s Climate.MAP Accelerator and Cervest’s EarthScan product to enhance their climate risk analysis and reporting capabilities. By adopting measurement and management strategies that integrate carbon data and ESG insights, businesses can effectively navigate the transition to net zero while mitigating risks and capitalizing on opportunities.
The collaboration between Accenture and Cervest signifies a milestone in the quest for actionable climate intelligence, offering businesses a robust framework to fortify their sustainability strategies and embrace resilience in the face of climate change challenges.
