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.

See: Climate and environmental risk analytics for resilient finance: phase one – UKRI