Coalition for Climate resilient Investment (CCRI)
General
| Name of initiative | Coalition for Climate resilient Investment (CCRI) |
|---|---|
| LPAA initiative | No |
| NAZCA Initiative | Yes |
| Website address | https://resilientinvestment.org/ |
| Related initiatives | |
| Starting year | 2019 |
| End year | |
| Secretariat | Willis Towers Watson, 51 Lime Street, EC3m 7DQ, London, United K. |
| Organisational structure | Willis Towers Watson (UK), Global Commission on Adaptation (Netherlands), World Economic Forum (Switzerland), Government of the United Kingdom (UK), World Resources Institute (USA) |
| Geographical coverage | Global |
| Name of lead organisation | CCRI |
| Type of lead organisation | NGO/Civil Society |
| Location/Nationality of lead organisation | United Kingdom |
Description
| Description | CCRI is a private sector-led COP26 initiative, committed to the development and testing of solutions for the integration of physical climate risks (PCRs) in investment decision-making. CCRI's scope is global, reflecting the universal nature of exposure. CCRI is focusing its efforts in three key areas: 1) At the systemic level, developing solutions for the assessment of social and economic value at risk within infrastructure networks, 2) At the asset level, advancing a framework for the integration of climate risks in individual investment processes, and 3) Through financial innovation, structuring instruments to mobilise capital towards resilient investment. |
|---|---|
| Objectives | CCRI aims for all investments to effectively incorporate resilience by 2025. |
| Activities | All three technical areas of work (systemic resilience, Asset Design & Structuring and Financial innovation) are aimed at advancing the accurate pricing of physical climate risks in investment decision maki (ng. |
| One or two success stories achieved |
Monitoring and Impacts
| Function of initiative | |
|---|---|
| Activity of initiative | |
| Indicators | |
| Goals | CCRI aims to create a more resilient global financial industry in which key incentive structures foster an accurate pricing of physical climate risks (PCRs) in investment decision-making, resulting in more resilient economies and communities across the world.
As such, our mission is to mobilise the global private financial industry, in partnership with key public stakeholders, to develop practical solutions for the pricing of PCRs in to investment decision-making. We are focused on deliverables designed to address key challenges in the investment value chain, including: An investment prioritisation tool for national decision-making A pricing model for the interpretation of climate data in cash flow modelling practices A taxonomy for the development of resilience bonds |
| Comments on indicators and goals | At present, the main challenges are low buy-in due to the perception that resilient investment is always more expensive. CCRI's work in Asset evaluation and financial innovation will dispel this myth by not only highlighting but also providing a quantum on the (positive) impact of incorporating resilience in investment decision making. As capital is mobilised towards resilient investment. This also presents our biggest opportunities- by mobilising capital towards resilient investment we will automatically improve buy-in both at government and investor level. |
| How will goals be achieved | |
| Have you changed or strenghtened your goals | |
| Progress towards the goals | |
| How are you tracking progress of your initiative | |
| Available reporting |
Participants
| Participants | Number | Names |
|---|---|---|
| Members | 93 | |
| Companies | 28 | AECOM (USA),AIR Worldwide (USA),Accenture (Ireland),Access Corporate Finance (United K.),Agvesto (United K.),Anglian Water (United K.),Arup Group (United K.),Cambridge Econometrics (United K.),Clyde & Co (United K.),Dutch Marine Energy Centre (Netherlands),Geosyntech (United K.),Go Impact (Singapore),HS1 (United K.),Jupiter Intelligence (USA),Lobelia Earth (Spain),McKinsey & Co (USA),Meridiam (France),Mott MacDonald Group (United K.),National Grid (United K.),Octobre (France),One Concern (USA),Refinitiv (United K.),Standard And Poors Ratings Agency (USA),Systemiq (United K.),Trucost (United K.),Vinci (France),WSP (Canada),XDI Systems (Australia). |
| Business organisations | 0 | |
| Research and educational organisations | 0 | |
| Non-governmental organisations | 0 | |
| National states | 6 | Antigua and Barbuda, Australia, Canada, Chile, Jamaica, United K. |
| Governmental actors | 0 | |
| Regional / state / county actors | 1 | California (USA) |
| City / municipal actors | 0 | |
| Intergovernmental organisations | 0 | |
| Financial Institutions | 58 | Aberdeen Standard Investments (United K.), Asia Investor Group on Climate Change (China), Asian Development Bank (Philippines)
AustralianSuper (Australia) , AVIVA Investors (United K.), B Capital Partners AG (United K.), Calstrs (United K.), CBRE Global Investors (Netherlands), Climate Bonds Initiative (United K.), Climate Funds Managers (Netherlands), Denham Capital (Unite K.), Department for Business, Energy & Industry Strategy (United K.), DWS (Germany), EDHECinfra (Singapore), Environment Agency Pension Fund (United K.), European Bank For Reconstruction And Development (United K.), European Investment Bank (Luxembourg), FIL Investments International (United K.), FAO (Italy), Foreign and Commonwealth Development Office (United K.), G20 Global Infrastructure Hub (Australia), Global Adaptation & Resilience Investment Group (USA), Global Centre For Adaptation (Netherlands), Green Climate Fund (South Korea), GRESB (United K.), HSBC Holdings (United K.), Impax Asset Management (United K.), Imperial College of London (United K.), Institutional Investors Group On Climate Change (United K.), Inter-American Development Bank - IDB (USA), Invesco Asset Management (United K.), Investor Group on Climate Change (Australia), Legal & General Investment Management (United K.), Lightsmith Group (USA), Lion's Head (USA), Lloyds Banking Group (United K.), Macquarie Group (Australia), Munich RE (Germany), Nephila (USA), Network for Sustainable Financial Markets (Switzerland), Oddo BHF (France), Oxford University (United K.), Prince'S Accounting For Sustainability Project (United K.), Prudential (United K.), Schroders (Germany), Standard Chartered (United K.), Sura Asset Management (Colombia), Taskforce for Climate-related Financial Disclosures Secretariat (United K.), Toulouse School of Economics (France), UK Green Finance Institute (United K.), UNDP (USA), UNEP FI (Kenya), Willis Towers Watson (USA). World Bank – Global Infrastructure Facility (USA), World Economic Forum (Switzerland), World Resources Institute - WRI (USA), Zurich (Switzerland). |
| Faith based organisations | 0 | |
| Other members | 0 | |
| Supporting partners | 0 | |
| Number of members in the years | | |
| Have only national states as participators | No | |
Theme
| Transport | Agriculture | Forestry | Business | Financial institutions | Buildings | Industry | Waste | Cities and subnational governments | Short Term Pollutants | International maritime transport | Energy Supply | Fluorinated gases | Energy efficiency | Renewable energy | Supply chain emission reductions | Adaptation | Other | Resilience | Innovation | Energy Access and Efficiency | Private Finance |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No |
Last update: 18 January 2023 14:05:36
Not only have national states as participators