Private Sector’s Engagement In Disaster Risk Reduction

24 May 2017

16:15 - 17:45

Arena E view map

Organizer(s): United Nations Office for Disaster Risk Reduction (UNISDR)

Contact: Ms. Kiki Lawal (lawalk@un.org)

Participation: Public
Accessible: Yes

Primary floor language: English
Interpretation: Yes [FR, ES]
ISL Interpretation: Yes

Live Broadcast: No
Remote Participation: No

As the private sector is responsible for 70-85 percent of capital investment in most economies, it holds an important decision-making power over how disaster risk is addressed across all industries. Cooperation and collaboration within private businesses and with the governments and other stakeholders is fundamental in the effort to build resilient communities, economies and nations.

The working session will offer solutions that promote private sector engagement in reducing risks and building resilience, highlighting solutions for risk-informed investments. The session will demonstrate how an enabling environment can be created to get the private sector to invest in disaster risk reduction and resilience building.

The session will also explore opportunities to present strategies for public private partnerships and collaborations and resilient operational management of businesses. Recognizing the gaps in measuring progress and accountability, the session will promote incorporation of private sector needs in disaster risk reduction monitoring including through indicators that capture resilient investments and/or risk-sensitivity of investments.