“ARISE India is a great step forward in increasing understanding of disaster risk among business circles, creating business opportunities, and will help the country to meet the targets for reducing disaster losses set out in the global plan, the Sendai Framework for Disaster Risk Reduction.”

The Sendai Framework advocates for partnership with the private sector to reduce disaster losses. Direct economic losses from disasters such as earthquakes, tsunamis, cyclones and flooding are now reaching an average of US$250 billion to US$300 billion annually. The World Bank estimates that disasters cost the global economy US$520 billion annually.

“As captains of industry, you hold enormous influence within your own domains and your communities. Through the investments you make and the decisions you take, you directly impact the built world around us,” said Ms. Mizutori. She also noted that today marks the 4th anniversary of the adoption of the Sendai Framework.

Date:

18 Mar 2019

Sources:

United Nations Office for Disaster Risk Reduction - Regional Office for Asia and Pacific (UNISDR AP)

Regions:

Asia