“The private sector recognizes that it has a crucial role to play in preventing and reducing disaster risk, as companies are not only exposed to natural hazards, but also often contribute to increased disaster risk while driving economic growth,” said the chair’s summary at the Fourth Session of the Global Platform conference on disaster risk reduction in Geneva, as reported by The Jakarta Post.
As the private sector increasingly aligns its risk reduction efforts to the Hyogo Framework for Action (HFA), and looking at business practices that promote resilience, new opportunities are created for public-private partnerships and for an overall improved risk governance.
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