This United Nations report
, GAR13, explores how businesses, by investing in disaster risk management, can reduce costs and interruptions represented by disaster losses and impacts; how performance and reputation can also be enhanced by minimising uncertainty and unpredictability; why effectively managing disaster risks should be the hallmark of a competitive, sustainable and resilient business; and why a broader approach to business value creation that also addresses underlying drivers of risk is required.
“Economic losses from disasters since 2000 are in the range of $2.5 trillion, a figure at least 50 percent higher than previous international estimates”
GAR13 highlights the interdependence of the public and private sectors and why business competitiveness, sustainability and resilience will also depend on governments’ ability to manage disaster risk through effective policies. Governments depend on business investment to generate employment and the wealth required to provide public services. Likewise, businesses depend on reliable public infra- structure and utilities, on efficient urban systems, on an educated and healthy workforce and on a range of ecosystem services. Reducing disaster risks in business and in public investment presents a win-win situation for both.