UK-based, Risilience helps companies assess the scope, magnitude & timescale of their climate risk (which in addition to weather events may incl. growing regulations, litigations & even evolving customer sentiment – which if left unaddressed, could reduce business value by up to 30%) & plan their transition toward net-zero emissions. Its “Climate Risilience” SaaS, builds a “digital twin of a firms’ operations & expenditures”. It enables CFOs, sustainability & risk professionals to perform multi-scenario analysis (e.g. “what if” questions related to their energy transition initiatives/ risks) & mitigate their financial impact (with frameworks pioneered by the Centre for Risk Studies at the University of Cambridge). The platform also enables best-in-class disclosures & e.g. TCFD reporting (championed by Financial Stability Board). In short, Risilience helps you “transform compliance risk into a business advantage”. The firm already works with a number of high-profile enterprise customers incl. Nestle, Coca-Cola, Marsh, Burberry, Reckitt, EasyJet, Informa, Abrdn, Axa & Inditex. As such, Risilience is making headway in a growing & potentially large market (“climate inaction is 15x more expensive than climate action”) (e.g. Zurich just launched a “physical climate risk mgmt. tool” with carbon consultancy South Pole). Founded in 2021 by Andrew Cobrun (CEO), Simon Ruffle (CPO), Danny Ralph (Advisor) & Michelle Tuveson (Advisor), Risilience will us the funding to drive international expansion, with a specific focus on the US, where impending SEC rules will require climate & risk disclosures. <Source: techcrunch.com, techstartups.com, sgvoice.energyvoice.com, siliconcanals.com>
