Physical Climate Risk Assessment in LMICs: A Playbook

Implementing Partner: Build Change

Project name:Physical Climate Risk Assessment for the Financial Sector in LMICs: A Playbook

The Playbook aims to raise awareness of physical climate risks among financial institutions, investors, and infrastructure asset owners in LMICs. It provides a structured, step-by-step guide to help financial institutions and other stakeholders align their investment decisions with climate risk disclosure frameworks.

It advocates for identifying and measuring climate risks, equipping infrastructure stakeholders with the necessary foundation for risk reduction and adaptation. It also outlines governance reforms and strategic actions essential for integrating physical climate risk considerations into financial institutions’ decision-making processes.

Supported by: The Rockefeller Foundation

Economic cost of
physical climate risks
$ 0 bn
LMICs benefit from
increased financial risk
awareness
0

Impact

1

Provides a clear roadmap for conducting comprehensive physical climate risk assessments, equipping stakeholders with the necessary insights to evaluate vulnerabilities and implement effective risk mitigation strategies, fostering resilience in financial decision-making.

2

Compiles insights from over 10 case studies within the domain, showcasing valuable lessons learned from various institutions. This collection provides practical examples, highlighting effective strategies, challenges faced, and key takeaways that support informed decision-making and best practices.

3

A scalable, publicly accessible resource designed for financial institutions to develop tailored and context-specific physical climate risk assessment tools. It supports capacity-building efforts by offering adaptable training modules for officers at various levels.

Resources

Aishwarya Pillai

Lead Specialist

Alpana heads institutional partnerships, governance, and resource mobilization at CDRI, advancing cross-sector collaborations that drive resilient infrastructure programming across Member Countries and organizations. With over 25 years of experience spanning international development, global health, and the non-profit sector, she brings deep expertise in fundraising strategy, donor engagement, and delivering strategic change. 

At CDRI, Alpana has been pivotal in forging strategic alliances with governments, international organizations, and philanthropies. She also plays a key role in fortifying institutional systems and board governance mechanisms as the Coalition transitions into an international organization. 

Before joining CDRI, Alpana held senior leadership roles at The George Institute for Global Health, Plan India, WaterAid India, and SOS Children’s Villages, leading institutional fundraising and cultivating strategic partnerships for social impact. 

She holds a Master’s in Finance & Control from Aligarh Muslim University and completed Executive Education at Harvard Business School (CSR India). Her work is driven by a commitment to building enduring, values-based partnerships that accelerate sustainable development outcomes. 

Alpana Saha

Director, Partnerships, Governance, and Resource Mobilisation 

Alpana heads institutional partnerships, governance, and resource mobilization at CDRI, advancing cross-sector collaborations that drive resilient infrastructure programming across Member Countries and organizations. With over 25 years of experience spanning international development, global health, and the non-profit sector, she brings deep expertise in fundraising strategy, donor engagement, and delivering strategic change. 

At CDRI, Alpana has been pivotal in forging strategic alliances with governments, international organizations, and philanthropies. She also plays a key role in fortifying institutional systems and board governance mechanisms as the Coalition transitions into an international organization. 

Before joining CDRI, Alpana held senior leadership roles at The George Institute for Global Health, Plan India, WaterAid India, and SOS Children’s Villages, leading institutional fundraising and cultivating strategic partnerships for social impact. 

She holds a Master’s in Finance & Control from Aligarh Muslim University and completed Executive Education at Harvard Business School (CSR India). Her work is driven by a commitment to building enduring, values-based partnerships that accelerate sustainable development outcomes.