The excellent work on credit risk and resilience at the cash flow model level of the ADS working group and the overwhelming support following the initial invitation of interest in the Systemic Resilience Forum are just two examples.

Thanks to this progress at the technical level - combined with support from the UK government, the COP26 Unit and key figures in international climate action such as Mark Carney – 2021 continues to be a very positive year. CCRI membership is now at 97 members, representing USD 16tn in assets. The importance of the work being led by the Coalition also received welcome recognition in the Communique from this summer’s G7 Foreign and Development Ministers’ Meeting in London.

Progress to date has been exceptional. Whilst increased visibility and recognition may also mean greater scrutiny and expectation, we remain fully committed and confident in achieving our goal of announcing transformational solutions by COP26 and beyond. Meanwhile, your continued support in realising CCRI’s collective ambition remains as important and needed as ever.

Please find enclosed both an executive summary and a detailed report regarding CCRI’s progress.

As always, many thanks for your support.

Carlos Sanchez,
Executive Director, CCRI