Investor Guides to Climate Risk
Global Adaptation and Resilience Investment (GARI)
Collins is a strategic advisor to the Global Adaptation and Resilience Investment (GARI) Group, which was launched at the COP21 global climate talks in Paris during 2015 to bring together private investors and a range of other stakeholders to catalyze investment and action on climate adaptation and resilience. She has been a lead author or contributing author to three GARI publications since 2017.
Investor Group
GARI has convened over 500 private investors, climate experts and other stakeholders in cities across the world to discuss practical approaches to investing that consider climate adaptation and resilience.
Investor Guides to Climate Risk
In 2022, GARI published The State of Climate Adaptation and Resilience Investment: Where We Are, Current Investor Views and Paths Forward. The paper looks at the global progress on understanding physical climate risk and resilience, assesses the developing market for investors, studies feedback from stakeholder surveys and discussions, and brings forth a set of recommendations and potential paths forward for resilience investments.
In 2019 GARI published the Investor Briefing on Physical Climate Risks and Resilience. The briefing is an update to the GARI 2017 Investor Guide to climate risk released during the One Planet Summit in Paris in December 2017. These briefings were created in response to interest in climate adaptation and resilience from the private sector and private investors.
Release at 2022 UN Climate Conference in Egypt
The State of Climate Adaptation and Resilience Investment: Where We Are, Current Investor Views and Paths Forward. was released at the United Nations Climate Conference COP27 in Sharm El-Sheikh, Egypt in November 2022. See the press release here.
Release at 2019 UN Climate Conference in Madrid
The GARI 2019 Investor Briefing on Physical Climate Risk and Resilience was released at the United Nations Climate Conference COP25 in Madrid, Spain in December 2019.
Authors
Collins was the lead author of the 2022 GARI publication. She was a lead author with Jay Koh, Chair of GARI for the GARI 2019 Investor Briefing. Collins was a contributing author of the 2017 investor guide with lead authors Jay Koh, Founder of the Lightsmith Group; Emilie Mazzacurati, Founder of Four Twenty Seven, Inc.; and Chiara Trabacchi, PhD at IDB Invest.
Real Estate Investor Guide
New Global Dataset on Real Estate Investment Trusts’ Exposure to Climate Change
Four Twenty Seven and real estate technology company GeoPhy released the first global dataset on the exposure of real estate investment trusts (REITSs) to climate change in October 2018. The report Climate Risk, Real Estate, and the Bottom Line provides granular projections of the impacts of climate change on REITs. Learn more here.
Four Twenty Seven (now Moody's ESG Solutions)
Four Twenty Seven is a member of the Global Adaptation and Resilience Investment (GARI) Group. Four Twenty Seven was acquired by Moody’s Corporation in 2019 and officially became a part of Moody’s ESG Solutions Group in 2020. Learn more here.
Lender Guide
Lender's Guide for Considering Climate Risk in Infrastructure
This guide provides a framework for investment and credit officers to begin to ask the right questions about how climate change can impact the financial sustainability of their investments, and links revenues, assets, and costs with a project’s potential vulnerability to physical climate risks.
Sector Snapshots
The guide includes snapshots to demonstrate potential impacts on the following infrastructure sectors: transport, energy, telecoms, data management, real estate, and social infrastructure.
Authors
Authors include Acclimatise, Four Twenty Seven and Climate Finance Advisors, all involved with GARI.
Download
To access the guide, go to Lender's Guide to Considering Climate Risk in Infrastructure Investments.
Talk It Out - Lori on Topic
Climate Risk and Gender Equity
Lori joins members of Women in Climate Tech and Aon to discuss a new report on the intersection of gender equity and climate change. Lori focuses on rethinking access to capital to reduce climate risk and improve opportunities for women.
Investor Readiness
Lori and Bennie Williams talk about how investors are preparing to take advantage of opportunities and protect against risks created by climate change.
Governance
Learn about the history and current status of climate risk disclosure – and why it may matter to the next generation of investors (spoiler alert: that means Millennials).
Investor Risk Management
Lori joins Bennie Williams for a download on London Climate Week 2020 and how climate risk is investment risk.
Climate Risk Management News
Major North American Banks Collaborate to Develop Climate Risk Management Standards
January 17, 2022 - A group of 19 major North American banks announce a Climate Risk Consortium to develop climate risk management standards. Read here.
State Street to Require Companies to Provide TCFD-Aligned Climate Disclosure
January 13, 2022 - "...these issues are matters of value, not values — opportunities for companies to mitigate downside risk, innovate, and differentiate themselves from competitors." Read here.
SEC Enforcement on ESG Investing Likely to Increase in 2022
January 7, 2022 - .."examinations would zero in on risks related to climate and ESG by scrutinizing proxy voting policies and practices.." Learn more here.
S&P Global Acquires The Climate Service, Inc.
January 4, 2022 - S&P Global has acquired climate data company The Climate Service to to offer clients more transparent, robust and comprehensive climate data, models and analytics. Learn more here.
Moody's Acquires Major Stake in Climate Data Company
July 2019 - Moody's has acquired a majority stake in Four Twenty Seven, Inc., a provider of data, intelligence, and analysis related to physical climate risks. Learn more here.
Climate Change an ‘Emerging Threat’ to U.S. Financial Stability, Regulators Say
December 17, 2021 - Read more here.
Federal bank regulator proposes first climate risk guidance
December 16, 2021 - Read more here.
Regulators want firms to own up to climate risks
March 2021 - The Securities and Exchange Commission (SEC) is taking an interest in climate change and has created a task force. Read more here.
BlackRock is laying out how it expects companies to target net-zero
February 2021 - The world’s largest shareholder published a five-page document laying out its expectations for how companies should address climate risk. Learn more here.
Climate Risk Management News (older)
Climate change threatens U.S. banks far more than they’re disclosing
October 2020 - All six of the largest banks in the U.S. — Bank of America, JPMorgan Chase, Citi, Morgan Stanley, Goldman Sachs, and Wells Fargo — face above-average loan risk related to climate change, Read more here.
Climate Change Now #1 Risk For Insurers
May, 2019 - According to the 12th Annual Survey of Emerging Risks climate change is now the top risk - higher than cybersecurity - for insurers. Read the report here.
Over 500 businesses, investors and industry groups agree to provide climate risk disclosure
April, 2019 - Companies including BlackRock, State Street, S&P Global, Statoil, Shell, H&M, Nestlé, BASF, DowDuPont and Ingersoll Rand are stepping up on financial disclosures related to climate risks. Learn more here.
New Report on Climate Risk for Insurers
February, 2019 - "Insurance not enough to offset financial risks of climate change" - new analysis of climate risks to insurance industry from ClimateWise.