Scope
Reference
prj_5468
Description
In partnership with the industry-led EMDE Investor Taskforce convened by the Minister for International Development and the Economic Secretary to the Treasury, DESNZ on behalf of the UK government is commissioning a scoping study to consider the risks raised in 'The UK as a Climate Finance Hub' report [1] and determine whether additional research is needed.
The scoping study will include a literature review that addresses the points raised in the report, specifically and including (i) the risk that climate change poses to UK and global financial stability and how current approaches manage that risk; (ii) the potential impact of a delayed or failed transition in EMDE on portfolios held by investors based in developed markets, including the UK, taking into account a globally connected financial system, supply chains and trade dependencies, and the location of many systemically important natural assets and transition commodities; and (iii) the scale of the opportunity for private sector financial institutions to invest in the climate transition in EMDEs, and their appetite for doing so.
The scoping study will be funded by DESNZ and delivered by an external delivery partner. The maximum contract budget for this work is £80,000 excluding VAT.
The scoping study will be delivered within 12 weeks through two discrete elements:
- Literature review, supported by engagement with relevant international financial architecture[2] (IFA) actors
- Recommendations on whether further targeted research is desirable, the form and focus this would take if so, and future stakeholder engagement and delivery
The delivery partner will be responsible for identifying, contracting, and managing any subcontractors and subject matter experts required to deliver its required outputs and outcomes as specified in this scope of works.
[1] Various (2025) The UK as a Climate Finance Hub
[2] The international financial architecture refers to the governance arrangements that safeguard the stability and function of the global monetary and financial systems. our-common-agenda-policy-brief-international-finance-architecture-en.pdf
Contract 1
Supplier
Contract value
- £80,000 excluding VAT
- £96,000 including VAT
Below the relevant threshold
Date signed
29 August 2025
Contract dates
- 1 September 2025 to 1 December 2025
- Possible extension to 1 March 2026
- 6 months, 1 day
Description of possible extension:
No cost extension allowed to complete the services required.
Main procurement category
Services
CPV classifications
- 73110000 - Research services
Contract locations
- UK - United Kingdom
Procedure
Procedure type
Below threshold - open competition
Supplier
Adam Smith International
- Companies House: 02732176
16-18 New Bridge Street
London
EC4V 6AG
United Kingdom
Region: UKI31 - Camden and City of London
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Contract 1
Contracting authority
Department for Energy Security & Net Zero
- Public Procurement Organisation Number: PDHQ-2163-WYMH
55 Whitehall
London
SW1A 2HP
United Kingdom
Region: UKI32 - Westminster
Organisation type: Public authority - central government
Other organisation
These organisations are carrying out the procurement, or part of it, on behalf of the contracting authorities.
Foreign Commonwealth and Development Office
Summary of their role in this procurement: Involved within specification design and evaluation of Supplier Bids
- Public Procurement Organisation Number: PXRR-8771-PHVX
King Charles Street
London
SW1A 2AH
United Kingdom
Region: UKI32 - Westminster