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Global Resilience Index Initiative (GRII)

  • IASbaba
  • November 12, 2021
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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).
  • Fathom.
  • 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.

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