Control Risks partners with Cervest to advise clients on climate risk management of global asset portfolios and business operations

Combining Control Risks’ risk-led approach with Cervest’s UCI and scenario analysis the company is able to develop bespoke asset and geography-specific climate risk frameworks and mitigation strategies for clients. Science-backed insights will be incorporated into all stages of risk assessment and management - from country-level vulnerability assessments down to asset-level exposure quantification.

LONDON – 16 May, 2023 The global specialist risk consultancy, Control Risks, is partnering with leading climate intelligence company, Cervest, to integrate physical, transition and natural capital risk analysis into their portfolio of services. This partnership creates a market leading solution for organizations looking to understand, manage or disclose (TCFD or EU Taxonomy) their exposure to increasingly frequent and severe consequences of climate change.

As the recognized global leader in its sector, Control Risks already supports many of the world’s largest organizations in protecting their people, balance sheets, operations, digital infrastructure, license to operate and reputation. This new partnership enhances the company’s Environment & Climate team by adding investment grade Unified Climate IntelligenceTM (UCI) to its existing portfolio of solutions.

With access to Cervest’s flagship climate intelligence product, EarthScan™, Control Risks will be able to incorporate science-backed climate risk insights into all stages of risk assessment and management - from country-level vulnerability assessments down to asset-level exposure quantification. The combined solution will help clients in areas including ESG disclosures, pre-transaction due diligence, transition risk assessment, operational risk and resilience, supply chain climate exposure, asset management, investment planning and longer term climate-aligned strategic planning.

“At Control Risks, we apply a risk-led approach to assess how our client’s business, assets and people are exposed to business critical regulatory, operational, safety and reputation risks by our changing climate. By combining this with Cervest’s UCI and scenario analysis we are able to develop bespoke asset and geography-specific climate risk frameworks and mitigation strategies. By helping our clients stay ahead of climate risks, and maintain resilience in a changing world – we make the difference,” says Emma Arnold, Director & Environmental Practice Lead at Control Risks.

According to a recent Climate Change Risk Management Guidance report by the Institute for Risk Management (IRM), getting to a place where sustainable forward-looking climate change risk mitigation and adaptation measures are built into business plans should be a default position for decision-makers and organizational leaders. Iggy Bassi, Founder & CEO of Cervest added: “Climate risk has become a business risk that needs mapping, quantifying and integrating into risk management processes. Any material issue that could impact the resilience and long-term sustainability of a business is a risk that needs to be measured and managed by an enterprise. Cervest's UCI insights enable Control Risks to baseline, monitor and forecast climate risk on millions of global assets and develop bespoke climate risk frameworks for their clients, capture value creation opportunities, and enhance the long-term financial performance of their investments.”

To learn more about how you can integrate climate intelligence into your services, and help your clients build climate resilience, download our ebook: Climate intelligent consulting.