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