Global Resilience Index Initiative (GRII) partner WTW has been selected as one of the first private sector companies to support the President’s Emergency Plan for Adaptation and Resilience (PREPARE), a $3 billion per year initiative led by USAID to support climate resilience across vulnerable developing countries.
Rowan Douglas, Head of the Climate and Resilience Hub at WTW, highlighted the GRII, saying:
“To empower PREPARE WTW commits our expertise and resources to develop and drive the Global Resilience Index Initiative (GRII), planned to be fully launched at COP28, by the Insurance Development Forum and United Nations Office for Disaster Risk Reduction and the Centre for Greening Finance and Investment.
“The GRII aims to provide open reference data, metrics and projections of climate resilience for all countries worldwide.
“This critical missing layer of the world’s information architecture will support people, policymakers, and businesses to understand climate risks, address sovereign risks and provide a basis for financing measures to adapt to and build resilience against climate change. The GRII also enables greater transparency about the impacts of financial flows, to begin to shift capital towards activities that support climate resilient development worldwide.”