GIF supports business empowering climate action with data and analytics.
Aug 12, 2024
GIF is pleased to announce that we have invested $500k in Komunidad, a Philippines-based environmental intelligence platform providing early natural disaster warning systems and weather data analytics.
The Philippines is one of the most disaster-prone countries in the world experiencing, on average, 20 tropical cyclones a year. It is also vulnerable to flooding, volcanic eruptions, earthquakes, landslides, tsunamis and heatwaves. Due to the adverse impacts of climate change, the Philippines is experiencing these natural disasters with greater frequency and intensity than ever before, yet the country continues to be challenged in its disaster responses because it lacks access to localised data, decision-support tools and cost-effective resilience solutions.
Komunidad offers multiple products to address these problems. First, a Software as a Service (SaaS) product, delivered via web and mobile, enables hazard monitoring, forecasting and an early warning system for public sector clients. Secondly, a product targeted at private clients provides access to accurate weather and environmental data intelligence. These capabilities allow local governments and enterprises to better deploy their own decision-support tools, fostering their climate resilience.
Finally, communities are targeted by an advanced, AI-driven mobile application that alerts users to potential environmental risks. Crucially, the app is capable of sending early warning messages in bulk, ensuring that communities are promptly alerted to impending climate threats. The positive impacts of Komunidad’s products are many. The number of casualties as a result of climate disasters, as well as the number of people losing income due to loss and damage, are reduced. By enabling governments to make data-guided, effective emergency decisions, Komunidad’s products also improve the country’s ability to withstand future climate impacts.
GIF’s investment will provide a credit facility to help Komunidad implement The Phillipines’ disaster preparedness strategy. Since 2021, GIF has targeted investment at innovations with the potential to support the world’s poorest to build climate resilience through our Innovating for Climate Resilience sub-fund. We’re thrilled to be supporting Komunidad to fulfil its growth potential and maximise its reach to target beneficiaries.