C1329 - Climate Physical Risk Assessment Services

The National Wealth Fund (NWF) is seeking to appoint a supplier to provide climate physical risk assessment services, including a digital tool/platform and associated implementation, support and knowledge transfer.

The service will enable NWF to identify, assess, quantify and interpret physical climate risks (both acute and chronic) across its investment portfolio at asset, transaction and portfolio level. The solution must support end‑to‑end workflow capability, including data ingestion, risk modelling, visualisation, portfolio aggregation and translation of climate risks into financial and credit impacts.

Suppliers must provide a robust, transparent and auditable methodology, with clear documentation of underlying data sources, assumptions and limitations. Outputs must be suitable for investment decision‑making, portfolio monitoring and reporting, including provision of technical and financial risk metrics, mapping and scenario‑based analysis.

The scope includes onboarding, configuration, user support and training, alongside comprehensive knowledge transfer to ensure NWF can independently operate and interpret the solution. The Supplier is expected to deliver high‑quality outputs aligned to public sector governance, auditability and data security requirements.

The Contract will support NWF in embedding climate risk considerations into investment processes, strengthening risk management capability and supporting its strategic objective to address climate change and deliver sustainable economic growth.

Further detail is included in the procurement documents made available by NWF in respect of this tender notice.

HOW TO RESPOND

Tenderers are invited to submit a complete Tender response via the Atamis e‑Sourcing portal, https://atamis-3929.my.site.com/s/Welcome, by 12:00 noon on Friday 12th June 2026, in accordance with the instructions set out in this ITT.

Late or incomplete submissions may be rejected.

Tenderers should carefully review all tender documents, including the Specification, Contract and Pricing Template, to ensure their submission is fully compliant and capable of delivering the required services.

The tender documents provided are as follows:

• Invitation to Tender
• Appendix 1 - Glossary
• Appendix 2 - Rules of the Procurement
• Appendix 3 - Specification
• Appendix 4 – Contract
• Appendix 5 - Tender Assessment Methodology
• Appendix 6 - Qualification Questionnaire
• Appendix 7 - Technical Questionnaire
• Appendix 8 - Pricing Template
• Appendix 9 - Confidential and Commercially Sensitive Information
• Appendix 10 - Form of Tender
• Appendix 11 - Tender Response Checklist
• Appendix 12 - Compliance Matrix

Responses must be structured across the following three envelopes:

1. Qualification Envelope: Completion of the Qualification Questionnaire (including pass/fail questions) and Compliance Matrix;
2. Technical Envelope: Responses to the Technical Questionnaire, clearly demonstrating how the proposed solution meets the Specification;
3. Commercial Envelope: Completion of the Pricing Template, including a clear breakdown of costs and all relevant assumptions.
4. At NWF’s discretion, should a second stage be needed, this may be conducted with the three highest-scoring Tenderers, who may be invited to a demonstration to present their solution. Tenderers will have 60 minutes, inclusive of introductions and questions, to demonstrate their solution/tool/platform via Microsoft Teams.

QUESTIONS

All communications, including clarification questions, must be submitted via the Atamis portal by 12 noon on Friday 5th June 2026.