Dataset
Synthesis of Hazard, Vulnerability and Asset-Level Data Sources for Physical Climate Risk Assessment and Adaptation
- Documentation:
- This data set was originally prepared as a contribution to the Climate Financial Risk Forum Adaptation Working Group in collaboration with the Met Office and the contribution of various partners of the Resilient Planet Data Hub.
Actions
Authors/Creators
- Publisher:
- University of Oxford
- Publication date:
- 2024
- Physical storage location:
- [email protected]
- Digital storage location:
- https://www.eci.ox.ac.uk/page/asset-level-data-sources-physical-and-nature-risk-assessment
- Version number:
- 1
- DOI:
- Language:
-
English
- Keywords:
- Pubs id:
-
2009832
- Local pid:
-
pubs:2009832
- Deposit date:
-
2024-06-24
Terms of use
- Copyright date:
- 2024
- Notes:
-
Climate Financial Risk Forum (CFRF) - Adaptation Working Group and Nature Working Group.
Even with a successful transition to a net-zero economy, significant climate-related challenges, such as increased flooding, drought, and nature loss, will persist due to the current 1.2°C rise in global temperatures. To address these challenges, urgent efforts are needed to catalyze investment in both engineered and nature-based adaptation solutions. The Climate Financial Risk Forum (CFRF) Adaptation Working Group (AWG), in collaboration with the University of Oxford, the Met Office, the University of Leeds, has developed critical guidance to support investment in adaptation-focused strategies.
Through research and biweekly workshops conducted with financial institutions (FIs) and asset managers, the CFRF AWG has co-developed key resources to improve FIs' approach to addressing climate risk, building resilience, and implementing adaptation measures. This work has resulted in a comprehensive database (Synthesis of Hazard, Vulnerability and Asset-Level Data Sources for Physical Climate Risk Assessment and Adaptation) for navigating the sources of data on physical hazards, exposure (asset data) and vulnerability.
The synthesis of data sources includes over 100 sources of climate hazard information, as well as over 70 sources of asset-level data and 39 sources of vulnerability data, including their methodology. This database is constantly updated with new sources of information. We aim to assist financial institutions in identifying and evaluating relevant data sources for assessing climate risks. Asset managers can leverage this information to enhance risk assessments and inform investment decisions.
By assisting FIs in categorizing and comprehending various adaptation measures, this resource promotes the creation of well-organized and consistent adaptation strategies; it aids in aligning investments with specific adaptation goals and regulatory requirements.
Through these working groups, we engaged with FIs, professional services and government organisations including: Impax Asset Management; Defra (Department for Environment, Food &
Rural Affairs); UNPRI (United Nations Principles for Responsible Investment); Greater London
Authority; IIGCC (Institutional Investors Group on Climate Change); Bank of England; FCA
(Financial Conduct Authority); City of London Corporation; Oliver Wyman; Aviva Investors;
Zurich Insurance Group; Ernst & Young LLP; Lloyds Banking Group; Green Finance Institute;
Mott MacDonald; Aon plc; GAM Investments; Environment Agency; Marsh & McLennan
Companies; and Standard Chartered Bank
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