UNISDR serves as the focal point in the United Nations system to ensure coordination and synergies among disaster risk reduction activities of the United Nations system and regional organizations and activities in socio-economic and humanitarian fields
Private sector and Disaster Risk Reduction
The UNISDR 2015 Global Assessment Report (GAR15) estimated that average annual loss in the built environment associated with tropical cyclones, earthquakes, tsunamis and floods is now estimated at $314 billion. This figure would be higher if the impact of extensive events, such as droughts, temperature variations and other sectors, such as agriculture, were included.
The Sendai Framework highlights a lack of regulation and incentives for private disaster risk reduction investment as an underlying risk driver and calls for business to integrate disaster risk into their management practices. Similarly, it states that addressing underlying disaster risk factors through disaster risk-informed public and private investments is more cost-effective than primary reliance on post-disaster response and recovery, and contributes to sustainable development. Trillions of dollars of new investment is expected in hazard-prone areas by 2030, dramatically increasing the global value of assets at risk. How disaster risk is considered and managed in capital investments, supply chains and operations will be a decisive factor on achieving the Sendai Framework targets.
UNISDR approach on Disaster Risk Reduction and collaboration with the private sector
UNISDR has worked with the private sector for over five years. In the fall of 2015, after the international community adopted the Sendai Framework, several UNISDR private sector initiatives, namely the Private Sector Advisory Group (PSAG), the Private Sector Partnership (PSP) and the R!SE Initiative, were merged to create the Private Sector Alliance for Disaster Resilient Societies (ARISE).
The overall goal of ARISE is to create risk-resilient societies by energising the private sector in collaboration with the public sector and other stakeholders to deliver on the targets of the Sendai Framework.
With an initial membership of over 140 private sector entities and affiliates, ARISE aims to expand the number of private sector organizations and others involved in supporting the implementation of the Sendai Framework and allow the private sector to implement tangible projects and initiatives that deliver results critical to the achievement of the outcome and goal of the Sendai Framework.
ARISE facilitates exchange of experience and knowledge on how to implement tangible disaster risk reduction projects through seven work-streams: Disaster Risk Management strategies, investment metrics, benchmarking and standards, education and training, legal and regulatory, urban risk reduction & resilience, and insurance. Click here to visit the ARISE website
ARISE members agree to advance The Five Commitments in support of the Sendai Framework:
- Raise awareness with respect to disaster risk and mobilization of the private sector
- Exercise influence in respective spheres of expertise
- Share knowledge and bring in expertise of the private sector
- Be a catalyst to generate innovation and collaboration
- Implement tangible projects and activities to achieve the targets of the Sendai Framework