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Resilience  Rating System: a methodology for building and tracking  resilience to climate change.

Resilience Rating System

Creator: World Bank
Type of methodology: Decision tree
Approach type: CRR (Climate Resilience Rating)
Short description: Decision-trees/checklist methodology
URL to access information about the tool: http://hdl.handle.net/10986/35039
Hazards covered: Others
Audiences: Financial institutions
Assessment level: Project level
Evaluation system:

Resilience rating: A+ to C

Strengths:
  • Easy to use
  • Takes into account the process of enhancing resilience
Limits:

 

  • Not specific to buildings
  • Only looks into “procedure” within project documents, not the actual project
  • Not very detailed

 

The RRS methodology evaluates the resilience of the project design and resilience through project outcomes, based on project documents. The methodology includes a series of decision trees and checklists (e.g. does the project document include a risk screening? Does the project document provide a qualitative estimate of residual risk and review of possible mitigation interventions?). Based on the answers to the questions included in the decision trees, a resilience rating is attributed to the project, expressed in letter grades A+ to C. A high rating denotes higher confidence that an investment will achieve its expected rate of return and the project will remain beneficial, despite the impacts of climate change. A low rating indicates that the project has not fully explored the impacts of disasters and climate change on its performance, so may be at higher risk of underperforming or failing to achieve its development ob ectives. atings reflect a pro ect’s assessment of risks to assets and outcomes, not the risk profile of the project itself.