Investor Guides to Climate Risk


Global Adaptation and Resilience Investment (GARI)

Collins is an active participant in the Global Adaptation and Resilience Investment (GARI) working 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

Investor Group

GARI has convened over 200 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 2019 GARI published the Investor Briefing on Physical Climate Risks and Resilience.  The new 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 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. 


Collins 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 In

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

Four Twenty Seven is a member of the Global Adaptation and Resilience Investment (GARI) group. 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 include Acclimatise, Four Twenty Seven and Climate Finance Advisors, all involved with GARI.

Recent Climate Risk Management News


Risk Transfer Key to Climate Change

March, 2020- "Governments need to rethink how they fund catastrophic events that go largely unbudgeted and place a strain on public resources,” - Guy Carpenter. Read more here.

Big banks would get climate stress tests under proposed U.S. law

November, 2019 - A bill introduced in the Senate would direct the Federal Reserve to subject large banks to so-called "stress tests" measuring their resilience to climate-related financial risks.

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.

New Bill in U.S. House Aims to Compel Companies to Disclose Climate Risks to SEC

July, 2019 - A bill that would require public companies to disclose the risks posed to their business by climate change passed a crucial committee vote in the House. Learn more here. 

Companies See Climate Change Hitting Their Bottom Lines in the Next 5 Years

June, 2019 - CDP explicitly asked firms to calculate how a warming planet might affect them financially. Learn 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

Climate Risk Management News (older)


BlackRock publishes new climate risk study

April, 2019 - “Investors who are not thinking about climate-related risks, or who view them as issues far off in the future, may need to recalibrate their expectations,” - BlackRock statement on new study on physical climate risks published in April, 2019.  Read it 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 Risks for Insurers

February, 2019 - "Insurance not enough to offset financial risks of climate change" - new analysis of climate risks to insurance industry from ClimateWise.  benefits.