Building resilience to disasters is increasingly being recognized as a priority area in order to protect hard-earned development gains in the Asia-Pacific region. The private sector alone is estimated to hold 70 to 85 per cent of the investment in most national economies and makes over $80 trillion worth of institutional investments globally on an annual basis. Clearly, any attempts to reduce the risk of disasters and build resilience will not work without the active participation of the private sector. In turn, the private sector needs to take steps in order to protect itself from the potential dangers of natural disasters and actively contribute to the crucial task of building resilience. Recognizing that the involvement of the private sector in disaster risk management (DRM) is still in a formative stage and good practices are yet to be systematically analyzed, this report represents a first step at documenting the evolving thoughts and practices of the private sector in DRM, particularly from the Asia-Pacific region.
Resilient Business for Resilient Nations and Communities