Commissioned by the Samen Klimaatbestendig network organization, NextGreen conducted research into climate adaptation in the Dutch financial sector.

Client Climate Resilient Together
Duration 2020-2021

Commissioned by the Samen Klimaatbestendig network organization, NextGreen conducted research into climate adaptation in the Dutch financial sector.

Context

In order to further strengthen climate adaptation in the Netherlands, it is important to gain insight into the initiatives that are taking place in the field of climate risks and adaptation in the financial sector. There is a lack of insight into the playing field and a 'common language' for banks, investors, insurers, and the municipalities and water boards with which financial institutions are connected through the locations of their assets. What instruments do financial institutions use to assess and strengthen the climate resilience of their investments and customers, and what is their perspective for action?

Objective

• Mapping developments in climate resilience in the financial sector
• Developing the basis for a common language and perspective for action
• Coherent and broad overview of initiatives
• Exploring needs and opportunities for collaboration

Process approach

After defining the scope with the client, we spoke with umbrella organizations in the financial sector. In addition to reviewing reports and online publications, we spoke with financial institutions and government agencies about their interest in climate adaptation and their activities and wishes. We collaborated with the Association of Investors for Sustainable Development (VBDO) and Climate Risk Services.

We compiled the results of the exploratory study in a visual story. In addition to an analysis of the playing field, we presented a number of recommendations on how financial institutions and governments can better coordinate their activities in the areas of risk analysis, communication, and financial incentives. Furthermore, a glossary of terms has been added as a first step toward a more common language, in order to make the dialogue between financial institutions and governments more effective.

Services and activities

Interviews with stakeholders | Unlocking knowledge | Starting new collaborations