Climate and environmental risk analytics for resilient finance
Innovate UK’s Small Business Research Initiative competition will assist in integrating climate and environmental factors into financial services.
Organisations can apply for a share of up to £1.5 million inclusive of VAT.
This competition will fund projects that bring climate and environmental risk analytics into the everyday practices of financial services.
These risks include:
- physical risks to supply chains and property as posed by increasingly common natural disasters
- litigation risk where businesses are liable for their contribution to damages to nature
- transition risk whereby socioeconomic or political shifts toward net zero undermine non-aligned investments
The competition will fund companies to develop cutting-edge solutions for greening finance and to trial these solutions with partners in the finance industry.
The closing date is 16 February 2022.