{"id":754880,"date":"2023-05-04T09:27:40","date_gmt":"2023-05-04T13:27:40","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-and-cervest-collaborate-to-bring-innovative-solutions-to-clients-seeking-resilience-amid-increased-climate-risk\/"},"modified":"2023-05-04T09:27:40","modified_gmt":"2023-05-04T13:27:40","slug":"accenture-and-cervest-collaborate-to-bring-innovative-solutions-to-clients-seeking-resilience-amid-increased-climate-risk","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-and-cervest-collaborate-to-bring-innovative-solutions-to-clients-seeking-resilience-amid-increased-climate-risk\/","title":{"rendered":"Accenture and Cervest Collaborate to Bring Innovative Solutions to Clients Seeking Resilience Amid Increased Climate Risk"},"content":{"rendered":"

<\/p>\n

Accenture and Cervest Collaborate to Bring Innovative Solutions to Clients Seeking Resilience Amid Increased Climate Risk<\/b><\/p>\n

NEW YORK & LONDON–(BUSINESS WIRE<\/a>)–
\nAccenture (NYSE: ACN) through its Accenture Ventures Project Spotlight<\/a> initiative, has entered into a collaboration agreement with Cervest<\/a>, an AI-powered climate intelligence (CI) platform, that will expand Accenture\u2019s capabilities to deliver on-demand access to historical, current and predictive views of combined climate risks to assess and address asset and portfolio vulnerabilities for clients across industries.<\/p>\n

\nAccenture will combine its industry-leading capabilities in ESG intelligence with Cervest\u2019s Earth Science AI\u2122, data modeling and machine learning capabilities available through its CI platform and EarthScan<\/a>\u2122 product. This collaboration will help clients assess and mitigate physical asset risk based on different climate scenarios enabling them to better plan for resilience and inform net zero strategy, while also making climate-related disclosures more transparent.<\/p>\n

\n\u201cAs 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,\u201d said Vrushali Gaud, managing director, Sustainability Services<\/a> at Accenture. \u201cBy combining our newly launched Climate.MAP Accelerator<\/a> with Cervest\u2019s pioneering climate data modeling and machine learning technology, Accenture continues to expand its capabilities to help clients across industries make informed sustainability decisions by analyzing climate risk-related data to address the impacts of climate change.\u201d<\/p>\n

\nCervest’s proprietary CI platform provides science-based climate risk insights, including exposure metrics and globally comparable risk ratings for assets and asset portfolios. Known as Cervest Ratings\u2122<\/a>, these can determine combined risk or hazard-specific risk that climate change effects including droughts, flooding, wildfires or extreme temperatures can have on any asset. Assets can be selected from Cervest\u2019s pre-mapped catalog of over 600 million assets or uploaded manually. The platform\u2019s collaboration tools enable easy sharing of portfolios and insights across teams and organizations, and seamless integration into reports and presentations.<\/p>\n

\n\u201cBusinesses around the world are under mounting pressure to disclose their climate-related financial risk and increase transparency about ESG strategy, governance, risks and opportunities,\u201d said Cervest founder and CEO Iggy Bassi. \u201cAccenture\u2019s holistic approach, carbon intelligent technology and expertise in solving sustainability challenges, combined with Cervest\u2019s unified CI capabilities, will help clients protect their people, assets, finances, operations and supply chains from the growing threat of physical and transition risk. Not only will unified CI enable organizations to accelerate scenario planning, it will also expand the network of science-backed insights available to make key transactional decisions and meet reporting standards.\u201d<\/p>\n

\nSome leading organizations are already starting to take action amid the increasing uncertainty around resilience. The UN Global Compact-Accenture CEO Study <\/a>found that 62% of CEOs are strengthening their scenario planning and analysis capabilities while 17% are implementing artificial intelligence for real-time risk analysis within their businesses.<\/p>\n

\nFor example, Ecopetrol, a leading oil and gas company, leveraged Accenture\u2019s Climate.MAP Accelerator<\/a> and Cervest\u2019s EarthScan product to identify the physical and transition risks due to climate change that were emerging across its operations and physical asset base. The analysis helped the organization advance its climate risk analysis and reporting capabilities and be better prepared for coming regulations demanding climate-related disclosures.<\/p>\n

\n\u201cHaving a single source of truth for climate risk-related insights, backed by the latest climate science data, will expand the network of solutions available to enterprises looking to embed sustainability at the core of strategy & operations,\u201d said MauricioBermudez Neubauer, global lead for carbon strategy & intelligence at Accenture. \u201c<\/b>Those businesses that adopt measurement and management strategies that integrate carbon data and ESG insights into core business decision-making will be better positioned to reinvent and build business resilience, while mitigating risks and capitalizing on opportunities of the advancing transition to net zero<\/a>.\u201d<\/p>\n

\nThe collaboration with Cervest is aligned with Accenture Ventures\u2019 Project Spotlight, an engagement and early investment program that connects emerging technology startups with the Global 2000 to fill strategic innovation gaps.<\/p>\n

About Accenture<\/strong><\/p>\n

\nAccenture is a leading global professional services company that helps the world\u2019s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services\u2014creating tangible value at speed and scale. We are a talent and innovation led company with 738,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world\u2019s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Accenture Song. These capabilities, together with our culture of shared success and commitment to creating 360\u00b0 value, enable us to help our clients succeed and build trusted, lasting relationships. We measure our success by the 360\u00b0 value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com<\/a>.<\/p>\n

About Cervest<\/b><\/p>\n

\nCervest\u2019s Unified Climate IntelligenceTM<\/sup> (UCI) platform is enabling enterprises, public bodies and financial institutions to measure interconnected climate risks and opportunities on built and natural capital assets \u2013 across physical and transition risk. Powered by cutting-edge Earth Science AITM<\/sup> and globally comparable climate risk ratings, Cervest\u2019s flagship product EarthScan provides UCI-driven insights that chief risk and sustainability officers use to increase asset resilience and meet climate-related financial disclosure requirements. By connecting and de-risking decisions on every built and natural asset through UCI, Cervest is powering a Climate Intelligence NetworkTM<\/sup> whose climate-aligned decisions will drive a chain reaction of adaptation actions to build a more resilient world. Learn more at http:\/\/www.cervest.earth\/<\/a>.<\/p>\n

\nCopyright \u00a9 2023 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230504005112\/en\/<\/a><\/span><\/p>\n

\nAlexander Aizenberg
\n
Accenture
\n
+1 917 452 9878
\n
alexander.aizenberg@accenture.com
\n<\/a><\/p>\n

Christian Harper
\n
Accenture
\n
+1 917 452 4417
\n
christian.harper@accenture.com
\n<\/a><\/p>\n

Bianca Jutaru
\n
Cervest
\n
+44 7426900720
\n
bianca.jutaru@cervest.earth<\/a><\/p>\n

KEYWORDS:<\/b> New York Europe United States United Kingdom North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Software Data Analytics Environment Finance Artificial Intelligence Climate Change Professional Services Technology<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Accenture and Cervest Collaborate to Bring Innovative Solutions to Clients Seeking Resilience Amid Increased Climate Risk NEW YORK & LONDON–(BUSINESS WIRE)– Accenture (NYSE: ACN) through its Accenture Ventures Project Spotlight initiative, has entered into a collaboration agreement with Cervest, an AI-powered climate intelligence (CI) platform, that will expand Accenture\u2019s capabilities to deliver on-demand access to historical, current and predictive views of combined climate risks to assess and address asset and portfolio vulnerabilities for clients across industries. Accenture will combine its industry-leading capabilities in ESG intelligence with Cervest\u2019s Earth Science AI\u2122, data modeling and machine learning capabilities available through its CI platform and EarthScan\u2122 product. This collaboration will help clients assess and mitigate physical asset risk based on different climate scenarios … <\/p>\n

Continue reading “Accenture and Cervest Collaborate to Bring Innovative Solutions to Clients Seeking Resilience Amid Increased Climate Risk”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-754880","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAccenture and Cervest Collaborate to Bring Innovative Solutions to Clients Seeking Resilience Amid Increased Climate Risk - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-and-cervest-collaborate-to-bring-innovative-solutions-to-clients-seeking-resilience-amid-increased-climate-risk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Accenture and Cervest Collaborate to Bring Innovative Solutions to Clients Seeking Resilience Amid Increased Climate Risk - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Accenture and Cervest Collaborate to Bring Innovative Solutions to Clients Seeking Resilience Amid Increased Climate Risk NEW YORK & LONDON–(BUSINESS WIRE)– Accenture (NYSE: ACN) through its Accenture Ventures Project Spotlight initiative, has entered into a collaboration agreement with Cervest, an AI-powered climate intelligence (CI) platform, that will expand Accenture\u2019s capabilities to deliver on-demand access to historical, current and predictive views of combined climate risks to assess and address asset and portfolio vulnerabilities for clients across industries. 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