The New Zealand Government’s recent announcement, requiring all banks, asset managers and insurance companies with more than NZ$1 billion in assets to disclose their climate risks—in line with the emerging global standard from the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD) by 2023—should and must be welcomed. 

This marks the first Government in the world to make the framework mandatory.  It provides a common legislative framework, thereby creating a level playing field with known rules and standards, something that businesses often use as a reason not to push too far ahead of the pack.  

It also allows for like-for-like comparison and assessment between companies given the common standard set by the framework —an important start to benchmarking performance and progress. 

It is remarkable to note the success of the TCFD, a voluntary agreement that only started at the end of 2015, which can now boast over 1,400 company signatories. And other countries are starting to take note, for example the TCFD Consortium launched in Japan with their Ministry of Economy, Trade and Industry, all welcome steps in the right direction.  

So who will be next? Will the Bank of England make good on its intent to decarbonise its quantitative easing programme, or to attach climate conditions to asset purchases? And what about other European Central Banks? Will they be brave enough to tie some climate conditions to their economic recoveries during and post Covid-19? 

We would hope that given we now have a precedent in New Zealand that others will dare to follow. 

What this announcement signifies is that organisations can no longer ignore the evidence. Whether it be science, socio-economic impacts or data and technology, identifying the potential risks that climate presents, action needs to be taken.

Cervest can help organisations understand the climate risks that threaten their future. It  quantifies the climate risk for any physical asset on Earth, for any timescale and scenario through an open and automated platform, using Earth Science AI, a blend of physical science, data engineering and automation and AI.  Organisations can access this actionable intelligence via an open platform so climate intelligence can be shared for all connected parties such that they may have a shared view of reality, thereby avoiding ‘self declared’ assessments. The independent analysis based on credible science with clear data provenance provides the basis for a non-biased assessment that can serve all parties, thereby allowing for the democratization of climate intelligence, a cornerstone element if we are to stand a chance of combating the climate crisis.  

For more information on how Cervest can help you, please contact sachin@cervest.earth

Ernesta Baniulyte

Ernesta Baniulyte 
Product Designer

Ernesta has been a full-stack product designer for more than five years. She has valuable experience in the B2B, B2C and B2B2C worlds, and while working at both agencies and product/service companies, she has learned to develop UX research infrastructures to support strategy.

At Cervest, Ernesta contributes to all stages of the product development process – from initial ideation to the exacting detail of UI design – finding new ways to visualise data, and ensure our product is intuitive and user friendly.

Ernesta’s decision to join Cervest was inspired by her desire to make the world a safer, better and more aware place.

Ramani Lachyan 
Junior Research Scientist

Ramani joined Cervest after obtaining her Master’s in Physics from ETH, Zurich. She brings with her valuable experience gained through working on model building and data simulation pertaining to neutrino physics.

Ramani has joined Cervest as a Junior Research Scientist and will be working on creating algorithms that allow for the extraction of physical observables from data from a range of sources.

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Lukas Scholtes 
Statistical Scientist

Lukas completed his maths BSc at ETH Zurich, followed by an MSc in statistics at Imperial College. He wrote his MSc thesis in collaboration with Cervest, on the modelling of North American wheat yields via Bayesian parametric and non-parametric methods.

Following an internship in the NGO sector in Bangladesh and a stint in the world of fintech, Lukas comes to Cervest, excited to apply himself to the challenges that are arising as a consequence of unsustainable land-use policies and climate change.

Aidan Coyne
Junior Researcher

Aidan is currently pursuing a Bachelor of Arts and Sciences in Science and Engineering at University College London with a focus on computer science and data informatics.

At Cervest, Aidan is working on researching and assimilating a database of articles categorising the reasons for extreme decreases in crop yields across Europe. The information will be used to help predict the impact of weather events on crop yield and contribute to  Cervest’s ability to bring clarity to decision making around climatic and extreme events.

While studying, she also volunteers with environmental conservation groups and youth engagement programmes.

Alex Rahin
Chief Product and Technology Officer

Alex is an entrepreneurial technology leader with over 25 years of hands-on experience in developing and executing innovative product and technology strategies.

Prior to Cervest, Alex served as Chief Product & Technology Officer at Beamly, a technology and data company delivering data platforms & infrastructure, data & content management solutions, and AI-powered eCommerce analytics, leading Beamly to a successful exit in 2020.

Before working at Beamly, Alex served as Chief Data Officer at Just Eat, where he built an end-to-end data organization, leading the company’s data-driven transformation with the launch of a unified customer data platform and scalable machine learning products

Earlier in his career, Alex held prominent roles at Zalando, Amazon, Microsoft, Intel, Hewlett Packard, and three technology startups achieving successful exits in all three.

Alex holds a BSc in Electrical Engineering & Computer Science from UC Berkeley.