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Smart Risk Investing (SRI)

The initiative aims to create and monitor a Climate Risk Investment Framework that will become accountable under the new UN Hyogo Framework for its adoption across the insurance industry, which will impact significantly climate and disaster risk reduction and resilience; to commit to doubling the industry investment in climate-smart investments from the current $42 billion to $84 billion by end of 2015. During the UN’s Framework Convention on Climate Change in Paris (November 2015) the industry will further commit to increasing the amount invested in climate-smart investments to ten times the current amount by 2020.

Summit/ Mobilisation process: UN Climate Action Summit New York (2014)

Activity period 2014–2016
Last CoAct update 2023
Web URL https://www.icmif.org/news/insurance-industry-double-its-climate-smart-investment-end-2015
Output effectiveness
0.17
Accountability Index
0.00
Inclusiveness Index
0.00
Num. actors 0
Functions Technical implementation, Standards and norms, Participatory management, Commercial product / service
SDGs 9 12 13
Themes industry, finance
Policy focus Mainly adaptation
Sectors Financial and insurance activities
Implementation countries
Target Target type
Commit to doubling the industry investment in climate-smart investments from the current $42 billion to $84 billion by end of 2015 Economic target
Increasing the amount invested in climate-smart investments to ten times the current amount by 2020 Economic target