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Capgemini and Cervest to collaborate on embedding asset-level climate intelligence into climate transition, adaptation and sustainability strategies for clients

Courtney Holm
19 Oct 2022

At Capgemini we are on a mission to accelerate change and create an equitable future in a climate-challenged world. We endeavour to be at the heart of an ecosystem of leaders and partners that bring about enduring change through fostering cross-sector collaboration with our client community.

Cross-sector collaboration is critical to accelerate change because no one organisation can deliver systemic outcomes. The current pace of collective change is not fast enough to prevent significant climate change related impact. We are headed for 3 degrees of global warming, and we are not prepared.

With the help of Cervest, we are able to identify future climate change related impacts at varying degree rises in a geographically specific context and use that knowledge to create future proofed climate transition and adaptation strategies for our clients. Using this new form of business intelligence, we can access science-backed, AI-driven insights to screen assets for climate-related risk in a way that we have not been able to before. Assets are existing physical entities, these include real estate (residential and commercial),infrastructure (data centres, airports, biomass facilities, water companies, dams, distribution centres, warehouses); critical infrastructure (hospitals, medical clinics, etc.) and manufacturing plants, factories.

These insights enhance Capgemini’s ability to scale sustainable transformation for its clients, creating risk reports and incorporating them into planning and strategy recommendations, powering sustainable actions.

Future-proofing organisations to withstand climate volatility

Risk exposure to global assets is increasing due to intensifying climate volatility. Organisations must be better prepared to tackle these risks resulting from more frequent extreme weather events. The economic impact is affecting all industries, from education to health, to city planning and construction, to farming, travel, and financial services. Importantly, weather and extreme climate events don’t cause disasters, vulnerability does.

Cervest climate intelligence unlocks the ability to map a comprehensive picture of climate-related risk to assets, creating full visibility of multiple climate hazards. Insights are provided on hazards, such as flooding, drought and extreme temperatures, across multiple climate scenarios, looking back to 1970 and ahead to 2100.

Failing to incorporate these granular, organisation-specific insights into business strategy, asset plans, and operations leaves companies progressively vulnerable to climate hazards, including flooding, drought and extreme temperatures – with wildfire expected to be added later this year.

Powering sustainable action through climate intelligence

Iggy Bassi, Founder and CEO of Cervest has recently said, “Climate intelligence is the new superpower to help organisations navigate the complexities of climate risk.” Using this intelligence combined with Capgemini’s market-leading consultancy and sustainability expertise across environmental management, social impact practitioner level know-how for embedding sustainability into operations we can develop climate adaptation and mitigation strategies on a variety of use cases and across multiple industries.

Capgemini will use the ability to zoom in and out across multiple scales, time frames, hazards and geographies to build detailed sustainability frameworks.

To be more specific, we will be able to:

  • Understand where, when and how physical assets will be affected by a changing climate across their value chain
  • Put adaptation and mitigation strategies in place to protect people, cash flow, operations and supply chain from the consequences of extreme weather events
  • Implement more accurate adaptation strategies for our clients and support them with climate and nature-related financial disclosures
  • Prepare carbon / net zero transition plans that are suited to possible future needs
  • Identify the financial and social benefits associated with delivering the transition to a low carbon world
  • Prepare science-backed and evidence based TCFD / TNFD and EU Taxonomy disclosures

Collective action for a sustainable future

A sustainable future calls for collective action, bolder leadership, and smarter technologies. Businesses must play a part in building it. They can achieve this through switching their mindset to new business models and ways of working that help to deliver positive environmental impacts.

Through this collaboration, we aim to provide our clients with enterprise-ready joint offerings that combine Cervest’ s asset-level climate intelligence with our managed services and I look forward to exploring how we can transform our clients’ risk and resilience capabilities today and in the future.