The United Nations Office for Disaster Risk Reduction and KLP, aim to showcase initial results of the collaboration at the 2019 Global Platform for Disaster Risk Reduction leading to the UN Climate Summit. The initiative is the first-time geotagging will be used to support disaster risk informed investments at a global level. To date, investors have not systematically used or had access to risk data on the vulnerabilities of assets to disaster hazards to inform decision making – a gap this initiative aims to fill.

“The United Nations Office for Disaster Risk Reduction has been campaigning on this issue for many years and we have a major opportunity now, partnering with KLP, to take a major step towards ensuring that a more risk-informed approach to investments becomes the norm as part of a global trend towards sustainable finance. This issue is particularly important for new infrastructure investment, which is often built with a view to cost-saving rather than long-term resilience,” said Mami Mizutori.

If replicated widely, the initiative could provide a much-needed boost to efforts by UN Member States and the private sector to implement the Sendai Framework for Disaster Risk Reduction 2015-2030- the global plan to reduce disaster losses.

Date:

8 May 2019

Sources:

United Nations Office for Disaster Risk Reduction - Regional Office for Europe (UNDRR ROE)

Countries:

Norway

Regions:

Europe