Transcript Nick Shufro - The Challenge and Opportunity of Private Sector

Emerging Developments in Resilience
PROADAPT Conference,
27 May 2016, Cartagena de Indias, Colombia
Sendai Framework for Disaster Risk Reduction
(SFDRR)
Private Sector Role (35c)
Business, professional associations and private sector financial
institutions, including financial regulators and accounting bodies, as
well as philanthropic foundations, to:
• integrate disaster risk management, including business continuity,
into business models and practices through disaster-riskinformed investments, especially in micro, small and medium-sized
enterprises;
• engage in awareness-raising and training for their employees and
customers;
• engage in and support research and innovation, as well as
technological development for disaster risk management;
• share and disseminate knowledge, practices and non-sensitive data;
• and actively participate, as appropriate and under the guidance of the public sector, in the
development of normative frameworks and technical standards that incorporate disaster risk
management;
Source: United Nations Office for Disaster Risk Reduction, http://www.unisdr.org/we/coordinate/sendai-framework
May 27, 2016
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Global Assessment Report (GAR) on DDR
highlights risks of disaster
Biennial global assessment of DRR and comprehensive review/analysis of natural hazards affecting humanity.
Global average expected annual losses – $200bn GAR13  57% to $314bn GAR15
Source: United Nations Office for Disaster Risk Reduction, http://www.unisdr.org/we/coordinate/sendai-framework
May 27, 2016
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Expected future disaster losses annualized
(Average Annual Loss or AAL) over long term
Source: United Nations Office for Disaster Risk Reduction, http://www.unisdr.org/we/coordinate/sendai-framework
May 27, 2016
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…to managing risks
Managing risks
aligns the
disaster risk
reduction,
climate change
action and
sustainable
development
agendas
Reducing
existing risk
Preventing and
avoiding new risk
Strengthening social
and economic
resilience
Source: United Nations Office for Disaster Risk Reduction, http://www.unisdr.org/we/coordinate/sendai-framework
May 27, 2016
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Standardization and transparency helps promote
investment and bankable projects
Resiliency projects
Infrastructure required for
decision-making
Project A
Project C
Project B
Project B
Project D
Project D
Project A
•
Definitions & taxonomy
•
Standards & certifications
•
Cost/benefit analysis
•
Investment & eligibility criteria
•
Monitoring & evaluation metrics
•
Verification & assurance
•
Portfolio allocation decisions
•
Balanced scorecard (environmental,
economic, social & resiliency)
•
Common understanding of risk,
opportunities & impact
Project F
Benefits from standardization
Project E
Project H
Project G
•
Accuracy
•
Completeness
•
Consistency
•
Relevance
•
Transparency
 Increased business
May 27, 2016
opportunities, funding
& number of projects
that protect & enhance
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society’s resiliency
Our panel
Tod Delaney
Fareeha Y. Iqbal
President, First Environment
Climate Change Adaptation Program Manager Asia
Region and SIDS, Global Environment Facility
Nick Shufro
Principal
Julzach Management
Michael Ferguson
Director, US Energy Infrastructure,
Standard & Poor’s
May 27, 2016
Zach Knight
Founder and Partner
Blue Forest Conservation
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