There is an increasing need for strategic global assessments of flood risks in current and future scenarios. The GLOFRIS and Flopros models are aimed to give insight in direct flood damage as result of riverine and coastal floods. The models show the current state of flood risk and uses socioeconomic and climate scenarios for future projections of flood damage. This tool can be used to guide investments in flood adaptation by showing the economic benefits of several adaptation options, such as flood protection or risk-reducing strategies on the building level. Regional policy makers can use this tool to find out which adaptation policy should be prioritized and yields the largest benefits in terms of avoided direct flood damage. Another group that benefits from this tool are real estate investors, where the tool helps determining locations prone to flood risk, which helps guiding sustainable real estate investments.  

Benefits of using the tool

  • The GLOFRIS tool identifies current and future coastal and riverine flood risk.
  • Investment decisions can be guided using the GLOFRIS tool, by expressing the benefits of flood protection in terms of avoided economic damage.
  • Especially interesting if comparable global and EU level data should be the basis for assessments, e.g. for investors and pension funds.

City Hub experiences

The Amsterdam city hub (APG) will use the GLOFRIS tool in the future. The goal is to add a new financial investment module to the GLOFRIS tool, which incorporates both short- and long-term risks for real estate investments.  

Triple-A phases and complexity

The tool can be used in the following Triple-A phases:

Analysis phase:  
Allows for identification of areas with higher flood risk where action is required.

Action phase:  
Allows for the assessment of the impact of several adaptation strategies, assisting the decision-making process.

Overall level of complexity: Level 1 (Ready-to-use light approach)

More information on GLOFRIS
More information on FLOPROS