The Climate Resilience Investment Framework aims to help investors consider how physical climate risks may require enhanced management to protect long-term financial returns. Now open for consultation, we invite feedback from our members and the wider financial ecosystem.
Designed to complement the Net Zero Investment Framework (NZIF), CRIF outlines how better management of physical climate risks from a financial materiality perspective can offer numerous benefits.
Notable differences from NZIF include target setting as process-based, not outcome-based, reflecting the specific nuances of climate resilience. We invite you to read this consultation document and share your feedback using the link below. The consultation is open until 10 April 2025.
CRIF is designed to be implemented holistically at the organisation level via an ‘implement or explain’ approach to relevant stakeholders. Across each section, core action points are those considered particularly important and where expectations are greatest. Advanced action points are considered best practice but may not be possible across all contexts.
Asset class guidance
The asset class guidance within this framework can be used in isolation from other sections. The multi-criteria maturity scale is not designed to measure financial risk, but instead to convey ongoing efforts to manage physical climate risks. The resource includes recommended action points by major industry initiatives, seminal resources, and investor-led working groups on a best-effort basis. They are not expected to be equally applicable to all investors.
They can support investors to develop and communicate their own contextually relevant actions, strategies and/or plans to manage material physical climate risks. Investors should choose and prioritise recommendations most appropriate to their circumstances and the economic interests of their clients and beneficiaries.
It is recognised that investors are already subject to a range of voluntary and mandatory disclosure requirements. This resource should not create a separate reporting standard but drive best practice disclosure through key frameworks such as the Taskforce for Climate-related Financial disclosures, whilst advancing industry standards.