Tech Mahindra unveils i.Riskman platform to tackle climate-related risks

Tech Mahindra, a global frontrunner in digital transformation, consulting, and business re-engineering services, has introduced i.Riskman, an innovative Environmental, Social, and Governance (ESG) risk assessment platform. Aimed at empowering organizations to navigate the complex landscape of climate-related risks, i.Riskman offers a holistic solution for evaluating the impact of such risks on business strategies, financial parameters, and overall risk exposure.

i.Riskman: A Centralized Solution for Enterprise Risk Management

i.Riskman stands out as a centralized enterprise risk management platform, providing an automated risk register for risk management committees and boards. Its design prioritizes flexibility, agility, and scalability, catering to the dynamic nature of climate risks. The platform distinguishes itself by offering real-time analysis, access to the latest climate models, and advanced data visualization and analytics tools. This comprehensive approach ensures that Tech Mahindra’s clients can manage the financial implications of climate risks with up to 95 percentile accuracy.

Sandeep Chandna, Chief Sustainability Officer at Tech Mahindra, highlighted the platform’s significance in the current business environment, where climate risks pose a substantial threat to organizational operations, assets, and supply chains. He emphasized, “Tech Mahindra is leveraging its sustainability and risk management expertise to offer a solution that transforms data into valuable ESG risk management insights.” Chandna expressed optimism that i.Riskman will equip customers with a broad view of their risk landscape, enabling proactive climate risk mitigation and informed decision-making for sustainable growth.

User-Friendly and Collaborative

i.Riskman is designed to accommodate users with diverse levels of expertise across an organization, fostering transparency and enhancing collaboration among stakeholders in the risk management process.

Innovation at the Core of Tech Mahindra’s Strategy

This launch is part of Tech Mahindra’s NXT.NOW framework, which focuses on enhancing the ‘Human Centric Experience’ by investing in emerging technologies and solutions. The company’s commitment to digital transformation aims to meet the evolving needs of its customers, further cementing its position as a leader in providing cutting-edge, sustainable solutions.

Analyzing the Significance of Tech Mahindra’s i.Riskman platform

The launch of Tech Mahindra’s i.Riskman platform marks a significant milestone in the integration of digital transformation with environmental, social, and governance (ESG) considerations. This innovative tool represents a forward-thinking approach to managing climate-related risks, which are increasingly becoming a central concern for businesses across the globe. The ability of i.Riskman to provide comprehensive, real-time analysis and insights into climate risks, coupled with its adaptability to evolving risks, positions it as a critical asset for organizations aiming to mitigate the impacts of climate change on their operations.

The platform’s emphasis on flexibility, scalability, and user-friendliness underscores a shift towards more inclusive and accessible risk management tools. By making complex climate models and advanced analytics available to a wider audience within an organization, i.Riskman democratizes the process of risk assessment. This is particularly important in a world where the effects of climate change do not respect organizational hierarchies, and effective risk management requires a collective effort across all levels of an organization.

Moreover, i.Riskman’s launch under Tech Mahindra’s NXT.NOW framework highlights the company’s commitment to leveraging technology for sustainable growth. In the broader context of digital transformation initiatives, i.Riskman serves as a testament to the potential of technology to address some of the most pressing challenges of our time. By providing a tool that enhances the ability of businesses to understand and act on climate-related risks, Tech Mahindra is not only contributing to the resilience of its clients but also to the global effort towards sustainability.

In essence, i.Riskman by Tech Mahindra exemplifies how technological innovation can be harnessed to foster a more sustainable and risk-aware business landscape. As companies increasingly look to align their operations with sustainable practices, tools like i.Riskman will become indispensable in navigating the complexities of climate risk and in driving informed decision-making for a more sustainable future.