The Australian government announced this week at the Climate Adaptation Summit that it will join the international Coalition for Climate Resilient Investment (CCRI) with the aim to better integrate climate risk into investment decisions.
CCRI is a public-private coalition of institutional investors, banks, insurers, rating agencies and governments, representing over US$11 trillion in assets. The finance sector-led initiative was launched at the UN Climate Action Summit in 2019, with support from the UK Government, World Economic Forum and Global Commission on Adaptation, to develop consistent frameworks to integrate and accurately price physical climate risks in investment decisions.
CCRI is a public-private coalition of institutional investors, banks, insurers, rating agencies and governments, representing over US$11 trillion in assets. The finance sector-led initiative was launched at the UN Climate Action Summit in 2019, with support from the UK Government, World Economic Forum and Global Commission on Adaptation, to develop consistent frameworks to integrate and accurately price physical climate risks in investment decisions.