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Global Resilience Index Initiative (GRII)

11th November, 2021

 

Context: A global coalition of 10 organisations launched the Global Resilience Index Initiative (GRII) to build a universal model for assessing resilience to climate risks.

 

About Global Resilience Index Initiative (GRII):

  • It is a curated, open-source resource that can be used in aggregated risk management across sectors and geographies.
  • It will help countries focus on national adaptation investments.
  • It draws upon significant cross-sector risk modelling experience, including public-private partnerships between governments, academia, insurance and engineering.
  • It will provide high-level metrics “across the built environment, infrastructure, agriculture and societal exposures.
  • It will address the data emergency that is contributing to the climate crisis.

 

GRII partners and supporters are:

  • Coalition for Disaster Resilient Infrastructure (CDRI)
  • Coalition for Climate Resilient Investment (CCRI)
  • Fathom
  • GEM Foundation
  • Insurance Development Forum (IDF)
  • Oasis Loss Modelling Framework
  • UK Centre for Greening Finance and Investment (CGFI)
  • United Nations office for Disaster Risk Reduction (UNDRR)
  • University of Oxford
  • Willis Towers Watson

 

GRII goals

  • The coalition wants to achieve two immediate goals.
    • To provide global open reference risk data developed using insurance risk modelling principles.
    • To provide shared standards and facilities applicable to a wide range of uses: Corporate climate risk disclosure, national adaptation planning and reporting, and the planning of pre-arranged humanitarian finance.

GRII Funding

  • GRII has been initiated with partial funding and in-kind contributions from the insurance sector and partner institutions.

https://www.downtoearth.org.in/news/climate-change/towards-better-adaptation-global-model-to-assess-resilience-to-climate-risks-launched-80116