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RiskHorizon – Web-based tool is the first to monetize a range of sustainability risks

Today is the launch of RiskHorizon™, the first ever web-based tool to quantify and monetize risks across a range of sustainability indicators. Anthesis Group, supported by its delivery partner Acclimatise, has collaborated to produce the new cloud-based ESG risk assessment tool.

The launch follows the prediction from Bank of England governor Mark Carney that ‘once climate change becomes a defining issue for financial stability, it may already be too late’. It aligns with calls for companies to report to the Financial Reporting Council on their longer term viability, in a context of global risks that range from extreme weather to modern slavery and cyber threats.

RiskHorizon™ is designed specifically to help users understand, evaluate, monetize and take action on ESG and sustainability risks. The tool enables users to screen 30 political, economic, social and environmental risks to:

  • Identify non-financial- risks and opportunities relating to the integrity of fixed assets, supply chains and business models;
  • Forecast risk exposure and opportunity across a range of time periods;
  • Convert data into cost/revenue options to assess the financial implications of future risks; and,
  • Prioritize actions to deliver lasting outcomes to support improved and resilient commercial decision-making.

Drawing from over a hundred of the world’s most credible data sets, RiskHorizon™aggregates and profiles risk and opportunity outcomes under different potential policy, governance and climatic scenarios. It also helps users to: target future commercial activities (e.g. alternative sourcing locations); prioritise the best use of capital investment, and improve enterprise risk management.

Stuart McLachlan, CEO of Anthesis, said: “Managing non-financial risk, whether it be resource scarcity, geo-political, climate change or human rights requires evidence based planning and where there is risk there is also opportunity. We have designed a tool that highlights both downsides and upsides relating to an increasingly uncertain future which is being released in advance of COP 21. Never has there been a more important time for businesses to respond to address future external risks. RiskHorizon™ has been in development for nearly two years and I am pleased that Anthesis has collaborated with industry to develop such a ground-breaking cloud tool that will help organizations monetize and assess real scenarios to shape both short and long-term strategies.”

The RiskHorizon™ tool leverages Anthesis’ and delivery partner, Acclimatise’s industry-leading subject matter expertise and its growing sector, commodity and product risk database. It enables comparison and benchmarking functionality, as well as advanced reporting capabilities.

Fiona Place, Associate Director of Anthesis, said: “Whether you’re an investor, a corporate risk manager or sustainability professional, you need to understand your exposure to environmental, social and governance (ESG) risks before making strategic and tactical business and investment decisions. RiskHorizon™ provides a realistic assessment of how material these risks are to your business and forecasts how they could ‘play out’ in the future. Our new cloud tool will enable companies to convert data into cost and revenue scenarios and to assess the financial implications of future risks to their assets, supply chains and business model.”

Richenda Connell, CTO and Co-founder of Acclimatise, said: “Whilst the provision of sustainability, data, metrics and associated tools are part of the DNA of Anthesis, the delivery of world class climate risk modelling and adaptation insights represent the core of Acclimatise’s advisory services. The combination of Anthesis’ and Acclimatise’s subject matter expertise provides an unrivalled partnership that is evident in the quality of the output and insights provided through RiskHorizon™.”

The RiskHorizon™ tool has been launched following a period of consultation with businesses. Get in touch with us directly or learn more by registering to attend the RiskHorizon™ webinars on Thursday 22nd October and Thursday 29th October.

To discuss RiskHorizon™, please contact Fiona Place.

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