Physical Risk & Resilience Working Group

The group helps develop solutions for investors to integrate physical risk and resilience considerations into portfolio management and drive more investment into adaptation solutions.

The working group is mainly focused on;

  • A measurement framework and metrics for adaptation and resilience;
  • Sharing and promoting current and emerging investor practice and solutions; and
  • Practical tools for building resilience.

 

 

Co-Chairs

Eric Nietsch
Head of Sustainable Investing Asia, Manulife Investment Management

Co-Chairs

Alexander Chan
Head of ESG Asia Pacific, Invesco

Contact

Nigel DeCoopman
Policy Manager
Contact Nigel

 

Contact

Jeffrey Tong
Policy Analyst
Contact Jeffrey

 

Evaluation Tools and Guidance

The group contributed to the compendium report of physical risks tools and service providers for Asian investors in 2021, and the Investor Expectations on National Adaptation Plans in Asia, which was brought to COP27 in late 2022.

 

Financing Asia’s National Adaptation Plans: An assessment of the region’s adaptation plans against investors’ expectations

The report is an assessment of the NAPs of nine Asian markets, benchmarked against seven investor expectations, and further mapped against elements of the NAP process as set out by the UNFCCC.

Asian governments will need to massively supplement public funding, which cannot meet the scale of climate adaptation required in most Asian markets.

As the exposure and vulnerability to physical risks – such as floods, heat stress, and water stress – vary across sectors and geographies, each market’s NAP thus forms the building blocks for policy certainty that is necessary to unlock private capital flows.


Empowering Investors to Navigate Climate Challenges through AIGCC’s Physical Risk and Resilience Working Group – A Snapshot of Our Progress

AIGCC’s Physical Risk and Resilience Working Group (PRR WG) was established to equip investors with the tools and knowledge necessary to integrate  physical risk considerations and resilience in their portfolio management and to catalyse investment in adaptation solutions.


Investor Expectations of National Adaptation Plans in Asia

Our members are committed to working closely with governments on achieving set targets through the National Adaptation Plan (NAP) process.

The members of AIGCC’s Physical Risks Working Group have put together a list of key asks from governments on the various elements of the National Adaptation Plan process.

These include basing national adaptation plans on scenario analysis, prioritising vulnerable communities, and ensuring corporate disclosure on physical risks.


Riding the wave of physical risks: A compendium of tools and service providers for investors in Asia

We produced a summary of 18 providers that offer tools and analytics covering Asian companies and geographies for physical risk, and several case studies showcasing outputs.

The tools are a mix of top-down and bottom-up analysis, supporting portfolio assessment, security selection, strategic and tactical asset allocation, risk management and regulatory reporting.

Investors should note there is significant growth in this industry with new service providers coming to market regularly and frequent updates made to existing tools.

 

Latest Physical Risk and Resilience News, Resources, and Events

Summary – An assessment of the region’s adaptation plans against investors’ expectations

Report | Asia Investor Group on Climate Change | Physical Risk and Resilience Working Group | March 2025

The report is an assessment of the NAPs of nine Asian markets, benchmarked against seven investor expectations, and further mapped against elements of the NAP process as set out by the UNFCCC.

Download the Summary

Financing Asia’s National Adaptation Plans: An assessment of the region’s adaptation plans against investors’ expectations

Report | Asia Investor Group on Climate Change | Physical Risk and Resilience Working Group | March 2025

The report, released today by AIGCC, is an assessment of the NAPs of nine Asian markets, benchmarked against seven investor expectations, and further mapped against elements of the NAP process as set out by the UNFCCC.

Download the Report

Asian Markets’ National Adaptation Plans (NAPs) are building blocks for private capital flows into climate adaptation planning

5 March 2025

New assessment from AIGCC shows that Asian governments are at varying stages of progress in identifying clear priorities for adaptation measures and projects that would be essential to mobilise private capital.

Preliminary Summary – Assessment of National Adaptation Plans and Policies

Policy Briefings | Jeffrey Tong | 11 November 2024

A summary analysis of national climate adaptation planning alignment with investor expectations.

Download

Data Dashboard – Assessment of Asian National Adaptation Plans

Report | Jeffrey Tong | 11 November 2024

This dashboard shows which existing adaptation plans and policies by governments across Asia align with investor expectations. These expectations include basing national adaptation plans on scenario analysis, consulting the private sector including financial institutions, and ensuring corporate disclosure on physical risks.

Analysis of National Adaptation Plans (Google Spreadsheet)