Physical Risk & Resilience Working Group

The standing physical risk working group has been retired, but we are forming ad-hoc member-driven groups to work on specific projects. As well, each of our workstreams include ‘physical risk’ projects in their agendas.

Here are the highlights if what IGCC did on physical risk in 2023:

  • IGCC’s strategy to accelerate the flow of capital into climate adaptation and resilience, “Road to Resilience” was launched at IGCC’s Annual Summit by the Assistant Minister for Climate Change and Energy, Senator Jenny McAllister. The accompanying report provides four key areas of work for investors and our broader ecosystem to manage physical risks associated with climate change, address policy barriers, and facilitate investment in adaptation and resilience.
  • IGCC contributed to shaping Australia’s National Climate Risk Assessment, with a focus on the financial implications of climate’s physical risks, helping ensure the government’s systemic risk mapping process can better guide policy towards a climate-resilient economy.

Chair

Kate Simmonds
Physical Risk Advisor, IGCC

Physical Risk and Resilience Strategy for Institutional Investors

The Investor Group on Climate Change is currently in the process of developing a company-wide strategy for physical risk with three primary objectives:

Credibly assessing climate change’s direct and systemic physical risks

Providing information on the physical risks of climate change that is clear, accurate, easily accessible and decision-useful.

Implementing equitable policy to build resilience and help communities adapt

Ensuring governments plan resilience and adaptation measures to the systemic physical risks in an equitable and investable manner.

Aligning capital flows to adaptation and resilience goals

Enabling investors to have the policy certainty they need to deploy capital towards effective adaptation and resilience measures.

Relevant News, Events and Resources

IGCC Summit 2023: Physical Risk and Resilience

6 October 2023

Across many of our speakers and panels, we heard about the role investors can play in adapting to the impacts of climate change and building community resilience.