Climate and nature analytics firm Risilience has announced it has been selected by DFS to support the retailer in strengthening its approach to climate risk, business resilience, and disclosure readiness.
The partnership will initially focus on strengthening DFS’ climate disclosure and reporting capability and making it easier to embed climate intelligence into business decision-making, while reinforcing the role of climate risk as a core business continuity consideration, says Risilience.
DFS aims to leverage Risilience’s analytics platform and advisory capabilities to refresh and evolve its climate risk assessment, enabling "a more dynamic and continuously updated approach that reflects the pace of change across its business, operations, and supply chain".
With a significant proportion of its operations reliant on a concentrated supplier network and an evolving geopolitical and economic landscape creating increasing uncertainty, DFS sought a solution that could move beyond static, point-in-time assessments and provide more agile, decision-grade insight into emerging risks and opportunities.
Kate Wright, director of sustainability at DFS Group (pictured), says: “Businesses today are operating in an environment of constant change, from evolving supply chains to increasing economic and geopolitical uncertainty. For us, it was important to move beyond a static assessment approach and build a more dynamic understanding of risk across our operations and supplier network. Risilience’s ability to translate climate risk into clear business insight will help strengthen internal decision making, support our reporting requirements, and reinforce resilience across the business as we continue to evolve and grow and unlock new opportunities.”
The engagement will assess risks across DFS Group’s facilities, suppliers and raw materials, spanning both physical and policy-related climate risks. Over time, the partnership is expected to expand into additional strategic workstreams including location-based risk analysis and scenario modeling across the company’s estate and operations.
“Organisations are increasingly recognising that climate risk is fundamentally business risk,” adds Angela Brown, CEO at Risilience. “Resilience now depends on having the ability to continuously assess changing conditions, understand exposure across operations and supply chains, and make informed decisions with confidence. We’re delighted to be working with DFS to help embed climate intelligence into business decision-making and support a more agile and resilient approach to risk management and long-term growth opportunities.”
