The Coalition for Climate Resilient Investment has successfully transferred its suite of government- and investor-focused climate tools and financial instruments to select not-for-profit partners. Effective April 1, the coalition will stop operating in its current configuration and its programmes will instead be delivered by the legacy partners, with G20 not-for-profit Global Infrastructure Hub acting as secretariat.
The UK government, World Economic Forum, and WTW spearheaded the establishment of the Coalition for Climate Resilient Investment at the 2019 UN Climate Action Summit as a global initiative to standardise climate risks in investment decision-making.
Core programmes being transferred to the Coalition for Climate Resilient Investment’s not-for-profit partners include:
“[The Coalition for Climate Resilient Investment’s] journey has been a series of firsts, putting in place essential building blocks for investors to increase the climate resilience of their own portfolios and the communities they invest in,” said coalition chair John Haley. “This work offers the potential to save millions of lives and livelihoods and billions of dollars of public and private resources in the years and decades ahead. After four years of growth and success, and having outgrown its original platform, CCRI is now transitioning to longer-term hosting arrangements so that its innovative programmes can be given the specialist support required for their long-term success and impact.”
Haley added: “Partners selected to further advance CCRI’s work fully share our commitment to pursuing practical and innovative solutions for the public good that are capable of unlocking investment in climate adaptation, bridging the existing infrastructure gap, and helping meet the world’s future infrastructure needs.”
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