As a climate-vulnerable developing country, Sri Lanka faces a critical need to manage climate and disaster risks while mobilising risk finance. Enhancing collaborations, partnerships, and coordination among diverse stakeholders can unlock opportunities for accessing climate and disaster risk finance, strengthening existing mechanisms, leveraging synergies, and improving mid- and long-term economic resilience.

The Multi-Actor Partnership for Climate and Disaster Risk Financing and Preparedness, within the framework of the InsuResilience Global Partnership, focuses on implementing climate and disaster risk finance and insurance (CDRFI) solutions across key sectors, including tourism, food systems, fashion and garments, and small and medium enterprises. It also incorporates cross-cutting considerations such as gender and youth. Activities under the existing multi-actor partnership aim to expand engagement with stakeholders, address scaling-up needs for climate and disaster risk management, and build capacities through collective efforts. This initiative is part of a project implemented by SLYCAN Trust and with support from the German Federal Ministry for Economic Cooperation and Development (BMZ). 

This report outlines key findings from the validation workshop for the fashion industry and apparel sector held on July 31st, 2024, in Sri Lanka. The workshop convened stakeholders from the public and private sectors, entrepreneurs, academia, and business associations to foster dialogue on integrating climate resilience into the fashion value chain. 

‍