RISCO – Mangrove-positive Insurance in the Philippines

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.