A new online tool has been launched that aims to help users understand and take action on a range of ESG and sustainability risks, including those from climate change, reports Acclimatise. The tool, named RiskHorizon™, is 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 of the tool 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.