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Global Resilience Index Initiative

Global Resilience Index Initiative:

A global coalition of ten organisations launched the Global Resilience Index Initiative (GRII).

  • It was launched during the UNFCCC Conference of Parties (CoP) 26 adaptation day (8th November 2021), it will be the world’s first curated, open-source reference index.
  • It has been launched to build a universal model for assessing resilience to climate risks.
  • It will provide reference data on climate and natural hazard risks to inform and protect populations and economies, particularly in emerging and developing countries, form a basis for mobilising the trillions of investment needed to meet the Paris goals on climate-resilient development.
  • It can be used in aggregated risk management across sectors and geographies.
  • Goal: The coalition wants to achieve two immediate goals.
  • First, they want to provide global open reference risk data developed using insurance risk modelling principles.
  • Second, they want to provide shared standards and facilities applicable to a wide range of uses:
    • Corporate climate risk disclosure.
    • National adaptation planning and reporting.
    • Planning of pre-arranged humanitarian finance.
  • Partners & Supporters: GRII has been initiated with partial funding and in-kind contributions from the insurance sector and partner institutions such as:
    • Coalition for Disaster Resilient Infrastructure (CDRI)
    • Coalition for Climate Resilient Investment (CCRI)