"GARI demonstrates that private investors see both the risk to their portfolios from the physical impact of climate change and the opportunity to invest in addressing that risk today," said lead author Jay Koh, founder and chair of GARI and Managing Director of The Lightsmith Group, an alternative investment firm. "Post-Paris, investors are calling for better ways to measure physical climate risk and for support in making resilient investments."
Contributing author Emilie Mazzacurati, CEO of Four Twenty Seven, a climate risk and resilience market research firm, added, "In the context of worsening signals from climate science, and the uncertainty on our ability to meet Paris targets, investing in climate resilience is all the more critical. This report demonstrates that private investors are ready to step up to bridge the adaptation finance gap."
"Climate risk is often overlooked. Approaches to measurement of physical climate risk will be key to integrating the notion of climate risk across a range of investment products, and from an understanding of these risks, opportunities for new, more resilient investment will emerge," says contributing author Stacy Swann, CEO of Climate Finance Advisors, a consulting firm advising investors and policy makers. "GARI is an initiative that brought together the constellation of financial actors who are the thinkers and the early adopters in this new investment space."
Founded in 2015, the Global Adaptation & Resilience Investment Working Group (GARI) (www.garigroup.com) is a private sector, private investor-led working group focused on the intersection of investment and climate adaptation and resilience investment. GARI was announced in conjunction with the UN Secretary General's A2R Climate Resilience Initiative at the Paris COP21 global climate talks in 2015 and has convened over 150 private investors and other stakeholders. GARI will launch its next discussion series in spring 2017.
About The Lightsmith Group
The Lightsmith Group (www.lightsmithgp.com) is a global alternative investment firm headquartered in New York that focuses on generating superior returns aligned with environment, social and governance standards.
About Four Twenty Seven
Four Twenty Seven (www.427mt.com) is an award-winning market research and advisory firm that brings climate intelligence to economic and financial decision-makers. Founded in 2012 and based in the San Francisco Bay Area, Four Twenty Seven helps Fortune 500 companies, investors and government institutions understand how to quantify and monetize climate change impacts on operations as well as social factors that affect their value chain.
About Climate Finance Advisors
Climate Finance Advisors (www.climatefinanceadvisors.com) is an advisory and consulting firm in the Washington DC area that works with public policy makers at the national and international level, as well as investors, bankers, fund managers, and project developers on issues related to climate finance, green banks and funds, and climate risk. Climate Finance Advisors has expertise in blended finance and development finance, and in structuring sustainable, resilient and climate smart investments.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/over-70-of-surveyed-investors-see-risk-investment-opportunity-in-climate-change-impact-report-states-300361934.html
SOURCE Global Adaptation & Resilience Investment Working Group (GARI); Four Twenty Seven; Climate Finance Advisors