Private investment and Disaster Risk Management

This paper discusses the role and engagement of private sector as key in deciding national priorities in reducing
disaster risks and preparing for unpredicted, yet manageable disasters.

The publication outlines the following recommendations:

• Business expertise and views need to be channelled into national and local disaster risk reduction frameworks and strategies as well as into regional DRR interventions,
• It is crucial to further build the understanding of the climate change adaptation and disaster risk reduction concept among companies and to show them ways of getting engaged.
• It is required to increase the understanding of decision-makers and the general public regarding the importance of the corporate sector and SMEs involvement in CCA and DRR.
• It is important to seek more good practice examples of cases where private investment in DRR earns value both in the short and in the longer term.

This document is a background paper of the 2015 Global Assessment Report on Disaster Risk Reduction.