Background Context:
The Climate Risk Horizons (CRH) was established to address the urgent need for a climate-smart transition in the Indian financial system. Despite widespread acknowledgment of the economic threats posed by climate change, the energy transition in India is not progressing at the required pace. Financial institutions are often hesitant to act due to a lack of understanding of the substantial benefits of proactive measures and the risks of inaction. There is also insufficient awareness within the financial sector regarding the specific sectors and financial institutions at risk, which hinders timely action. CRH seeks to conduct rigorous research and analysis to demonstrate the benefits of climate action while enumerating the costs associated with inaction. By targeting key stakeholders—financial institutions, state governments, and corporate entities—CRH aims to create impactful strategies that facilitate a faster transition towards a sustainable energy future.
Client
CRH-SED
Location
India
Objectives
The Development Solutions (DS) team supported CRH in creating and implementing a strategic plan to facilitate its next phase of growth. The specific objectives include:
- Developing a comprehensive strategic plan that outlines growth options for CRH
- Projecting financial and non-financial resource requirements essential for implementing the strategic plan
- Identifying potential funding types, models, and sources to support CRH’s initiatives
- Engaging with stakeholders to gather insights and foster collaborative efforts in addressing climate risks
Approach and Methodology
- Desk Review: A thorough review of existing practices, strategic plans, and best practices within the climate finance sector to inform CRH’s growth strategy.
- Stakeholder Mapping: Identifying and categorizing key stakeholders involved in climate action, understanding their interests, influence, and potential for collaboration.
- Qualitative Interactions: Engaging in discussions with key stakeholders to gather insights on climate risks, funding opportunities, and strategies for growth.
- Workshops: Organizing collaborative workshops with CRH team members and relevant stakeholders to brainstorm growth options and refine the strategic plan.
- SWOT Analysis: Conducting a SWOT analysis to assess CRH’s strengths, weaknesses, opportunities, and threats, guiding the strategic planning process and ensuring alignment with organizational goals.
- Hypothesis Tree Development: Building a Hypothesis Tree to structure the problem-solving approach and define key assumptions
- Development of Growth Strategy: Based on insights gathered from stakeholder mapping, SWOT analysis, and the hypothesis tree, formulating specific objectives and actionable initiatives. This includes outlining required resources, steps for implementation, and timelines to achieve the defined goals.
Outcomes
- A comprehensive strategic plan outlining growth options and action items for CRH.
- Detailed outline of capacity building initiatives to strengthen CRH's internal capabilities
- Detailed projections of financial and non-financial resource requirements to support implementation
- Enhanced stakeholder engagement and collaboration through targeted interactions and workshops
Contact
17/109, Lower Ground Floor, Vikram Vihar, Lajpat Nagar IV, New Delhi – 110024