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Working Group on Climate Adaptation

Banks, insurers and investors face financial risks due to climate change. By making their lending and investments more climate-proof they can contribute to adapting our economy to a changing climate. The Working Group on Climate Adaptation makes recommendations and works on implementation.

Een voorbeeld van klimaatadaptatie

Financial risks of climate change

Companies, governments, banks, insurers and investors face financial risks due to climate change. Such risks include the physical and transition-related consequences of rising sea levels, more frequent extreme weather, greater water discharge through the rivers, severe drought and soil subsidence. The business community, the financial sector and the government are therefore considering how to adapt the economy to climate change. 

Working Group on Climate Adaptation

The Working Group on Climate Adaptation investigates how best to contribute through insurance, investment and finance to adapting our economy to climate change. The working group looks at scenarios, methods and data needed by the financial sector to assess the physical impact of climate change on the economy and will identify finance and insurance solutions. Examples include particular forms of insurance, risk sharing, guarantees and public-private partnerships, which also create opportunities for a greener, more pleasant and above all future-proof living environment. Banks, insurers, real estate investors and the government have joined forces in this working group. 

Recommendations and pilot projects

The working group has examined climate trends and performed various sector-specific impact analyses. Likewise, it has identified sector-wide opportunities for public-private adaptation finance and issued recommendations aimed at overcoming current bottlenecks. The working group has published its findings and recommendations in the report Accelerating climate adaptation. As a follow-up, it will explore joint actions and seek further partnerships with Dutch central and local governments in the form of pilot projects.

Partnering solutions

 Samenwerken aan oplossingen

Opportunities for collaboration using the tools available to financial institutions and governments in each domain or sector. Based on: Nederland klimaatbestendiger maken: Welke rol spelen financiële instellingen? (Climate-proofing the Netherlands: What role do financial institutions play?) © Samen Klimaatbestendig

About the working group

The working group was set up in June 2022. From 2024, NextGreen supports the Working Group. The Working Group is entering a new phase following the publication of the “Accelerating climate adaptation” report. We have adjusted the group's structure, and there may also be changes to its membership. We will publish an update about our plans on this webpage in March 2024.

The working group’s current members are representatives from: ABN AMRO, Achmea, Agriver, Altera Vastgoed, Arcturus, a.s.r., Athora, AXA XL, Bouwinvest, BPF Bouw, Deloitte, ING, Ministry of the Interior and Kingdom Relations, Ministry of Infrastructure and Water Management, Ministry of Agriculture, Nature and Food Quality, Nationale-Nederlanden, Nationale Hypotheek Garantie, NWB Bank, Pensioenfonds Rail & OV, Philips Pensioenfonds, Rabobank, Staf Deltacommissaris, Stimuleringsfonds Volkshuisvesting (SVn), Univé, Dutch Association of Insurers, Volksbank.

It is chaired by Gijs Kloek from Achmea.

Accelerating climate adaptation - An alliance between the financial sector and government

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