RISCO - Mangrove-positive Insurance in the Philippines

Marine

Insure communities to fund mangrove growth

Private

• 3,400 ha mangrove conservation 
• + 600 ha restoration
• 600,000+ tonnes CO₂ avoided/sequestered over 10 years
• Flood risk reduction for vulnerable coastal communities
• Self-sustaining insurance-conservation funding cycle

Insures coastal communities against natural catastrophes and channels insurance profits into mangrove-positive businesses, targeting 3,400ha of conservation and 600ha of restoration with blue carbon and flood-reduction revenue.

Conservation International, RISCO, ORRAA

Case study referred by NATURANCE. For more information, please contact: info@naturance.eu.

RISCO is an enterprise that increases financial resilience of vulnerable coastal communities by insuring them against natural catastrophes and using insurance profits to train/fund mangrove-positive businesses. This creates a self-sustaining cycle that protects communities while increasing mangrove cover. The planned pilot in the Philippines targets 3,400 hectares of mangrove conservation and 600 hectares of restoration, providing climate benefits of > 600,000 tonnes of avoided and sequestered CO2 emissions over ten years. Revenue streams include insurance payments linked to site-specific flood reduction benefits provided by mangroves and blue carbon credits generated through Verra methodologies.

• RISCO
• Restoration Insurance Service Company (RISCO) | The Global Innovation Lab for Climate Finance