Smart Risk Investing (SRI)


Name of initiative Smart Risk Investing
LPAA initiative Yes
NAZCA Initiative Yes
Website address
Related initiatives
Starting year 2014
End year 2016
Secretariat Led by the International Cooperative and Mutual Insurance Federation (ICMIF) and the International Insurance Society (IIS)

Shaun Tarbuck was CEO for ICMF

Organisational structure Unclear
Geographical coverage Global
Name of lead organisation International Cooperative and Mutual Insurance Federation (ICMIF)
Type of lead organisation Corporate
Location/Nationality of lead organisation United Kingdom


Description The global insurance industry, which currently accounts for a third of the world’s investment capital, yesterday (23 September, 2014) took centre stage at the UN Climate Summit in New York. Pledging a rise in its climate-smart investments - from $42 billion to $84 billion by end of 2015 – the insurance industry is set to transform its mainstream asset management by placing a more emphasis on climate risk.

For the first time ever, the International Cooperative and Mutual Insurance Federation (ICMIF) and the International Insurance Society (IIS), spoke as one voice at the UN Secretary-General’s Climate Summit.

Objectives 1. Create and monitor a Climate Risk Investment Framework that will become accountable under the new UN Hyogo Framework for its adoption across the insurance industry, which will impact significantly climate and disaster risk reduction and resilience.

2. Commit to doubling the industry investment in climate-smart investments from the current $42 billion to $84 billion by end of 2015 3. Beyond the UN’s Framework Convention on Climate Change in Paris (November 2015) the industry will further commit to increasing the amount invested in climate-smart investments to ten times the current amount by 2020.

One or two success stories achieved

Monitoring and Impacts

Function of initiative Capacity building, Funding
Activity of initiative Financing, Training and education
Comments on indicators and goals
How will goals be achieved
Have you changed or strenghtened your goals
Progress towards the goals The climate smart initiative completed its year one objective of doubling the amount invested in climate related investments from $42 billion to $84 billion. In fact it achieved $116 billion.

The project had been solely funded by ICMIF. In 2016 the funding ran out and no further support was forthcoming so the project achieved its first goal only and not the long term goal.

How are you tracking progress of your initiative
Available reporting


Participants Number Names
Members 2  
Companies 1 the International Insurance Society - IIS (United Kingdom).
Business organisations 0
Research and educational organisations 0
Non-governmental organisations 0
National states 0
Governmental actors 0
Regional / state / county actors 0
City / municipal actors 0
Intergovernmental organisations 0
Financial Institutions 0
Faith based organisations 0
Other members 1 International Cooperative and Mutual Insurance Federation - ICMIF (United Kingdom).
Supporting partners 0
Number of members in the years
Have only national states as participators No


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 Yes No No No No No No No No No No No No No No No No Yes
Last update: 11 October 2019 10:05:41

Not only have national states as participators