London, 19 June 2025 – The Institutional Investors Group on Climate Change (IIGCC) today announces the launch of the Climate Resilience Investment Framework 1.0 (CRIF 1.0), a pioneering new resource designed to help investors identify, assess, and manage physical climate risks across their portfolios. CRIF 1.0 supports investors in their efforts to manage these risks from a financial materiality perspective
As climate-related events grow in frequency and severity, CRIF 1.0 arrives at a critical moment for the investment community. It is the first investor-focused framework to provide practical, actionable tools for addressing physical climate risks, filling gaps left by current due diligence practices – often lacking methodologies, data, and disclosures. It also offers investors a structured and practical approach to consider in developing climate adaptation and resilience (A&R) plans. The framework is underpinned by the Physical Climate Risk Assessment Methodology (PCRAM), a four-step process that supports investors in identifying physical climate risks, understanding their materiality, exploring adaptation options, and analysing the best way forward for decision-making.
Designed for asset owners, managers, and advisors alike, CRIF 1.0 offers flexible guidance that can be tailored to diverse mandates, risk appetites, and governance structures. CRIF 1.0 currently provides guidance for infrastructure and real estate asset classes – sectors where physical climate risks are already proving financially significant. However, the framework will soon expand to include sovereign bonds, listed equities, and corporate fixed income, ensuring broader applicability across asset classes.
The framework was developed with input from four dedicated working groups, numerous bilateral consultations, and a public consultation phase. This inclusive approach ensures that CRIF 1.0 reflects the practical needs and insights of a wide range of investors, data providers, and market actors.
It offers recommended action points to inspire and guide investors, while remaining agnostic about how they choose to implement their individual A&R plans.
Key features of CRIF 1.0 include:
The launch of CRIF 1.0 reflects growing recognition that physical climate risks are not yet fully priced into asset valuations, and that investors must act now to avoid value erosion and seize emerging opportunities. By helping investors who are seeking to improve the financial resilience of both individual assets and entire portfolios, CRIF 1.0 also contributes to building resilience in the real economy.
CRIF 1.0 complements IIGCC’s Net Zero Investment Framework (NZIF), sharing a common structure and set of concepts. Together, these frameworks enable investors to pursue both mitigation and adaptation strategies in a coherent and integrated manner.
For more information, visit https://www.iigcc.org/resources/climate-resilience-investment-framework.
ENDS
Media Contact:
Ross Gillam
Communications Director
rgillam@iigcc.org
+44 (0)7388 506013
About the Institutional Investors Group on Climate Change: IIGCC is an investor-led membership organisation. We bring the investment community together to make progress towards a net zero and climate resilient future. We work with our members to create guidance, tools, frameworks and resources that can help them, in their individual contexts, in managing climate-related financial risk within their portfolios and making the most of opportunities presented by the transition towards a decarbonised global economy and the realities of a changing climate. We have 400+ members across 20+ countries. More information at www.iigcc.org
Disclaimer: All communications and initiatives undertaken by IIGCC are designed solely to support investors in understanding risks and opportunities associated with climate change and take action to address them. Our work is conducted in accordance with all the relevant laws, including competition laws and acting in concert rules. IIGCC’s services to members do not include financial, legal or investment advice. The views expressed here do not necessarily represent those of all IIGCC members.