Global Resilience Index Initiative (GRII)

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