According to the 2023 UN Adaptation Gap Report, the annual climate adaptation financing gap in developing countries is estimated to be between USD194-366 billion, approximately 10-18 times more than current financing flows. Although investors increasingly recognize the opportunities for investments to cope with the risks and impacts of climate change, private investment towards adaptation and resilience is still hindered by the lack of clear, practical, and investor-relevant metrics.

In response to these challenges, this report provides a clear, consistent, and robust framework for measuring the impact of investments on climate adaptation and resilience. Designed for development finance institutions, multilateral development banks, and impact investors, the report demonstrates how the metrics framework can be embedded in the investment cycle and outlines a set of impact metrics examples that can be used for individual investments or aggregated across portfolios.

This initial blueprint is based on the work of the Adaptation and Resilience Investors Collaborative impact metrics working group constituted of ten development finance institutions, and developed with technical support from Cadlas. By providing a clear methodology for institutions to measure the impact of their investments on climate adaptation and resilience, the group hopes to accelerate understanding of how private investment finance can most effectively support the climate resilience of people, the planet, and the economy.

Watch a recording of a webinar presenting the report in May 2024 here.


About the Adaptation & Resilience Investors Collaborative

The Adaptation & Resilience Investors Collaborative (ARIC) is an international partnership of development finance organisations working together to accelerate and scale up private investment in climate adaptation and resilience in developing countries. UNEP FI was appointed as the Collaborative’s Secretariat in November 2022 and is now running its day-to-day activities and implementing its workplan. Read more.