Global Resilience Index Initiative (GRII)
Part of: Prelims and GS-III – Environment
Context Recently, ten global organisations with partial funding and in-kind contributions from the insurance sector and partner institutions have launched a Global Resilience Index Initiative (GRII) at COP26.
About GRI initiative
- It will provide a globally consistent model for the assessment of resilience across all sectors and geographies.
- It will use cross-sector risk modelling experience, including public-private partnerships between governments, academia, insurance and engineering.
- Mission: To address the data emergency that is contributing to the climate crisis by helping sectors build climate resilience .
- The coalition wants to achieve two immediate goals:
- Provide global open reference risk data developed using insurance risk modelling principles.
- Provide shared standards and facilities applicable to a wide range of uses
- GRI will be a curated, open-source resource with many potential applications in risk management.
- It can play an important role by creating a shared understanding of mounting physical climate risks.
GRII partners and supporters are:
- Coalition for Climate Resilient Investment (CCRI).
- Coalition for Disaster Resilient Infrastructure (CDRI).
- 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.