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-risk- informed investments, especially in micro, small and medium-sized enterprises; engage in awareness-raising and training for their employees and customers; May 27, 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,

Global Assessment Report (GAR) on DDR highlights risks of disaster 3 Biennial global assessment of DRR and comprehensive review/analysis of natural hazards affecting humanity. May 27, 2016 Global average expected annual losses – $200bn GAR13  57% to $314bn GAR15 Source: United Nations Office for Disaster Risk Reduction,

Expected future disaster losses annualized (Average Annual Loss or AAL) over long term 4 May 27, 2016 Source: United Nations Office for Disaster Risk Reduction,

…to managing risks May 27, Reducing existing risk Strengthening social and economic resilience Preventing and avoiding new risk Managing risks aligns the disaster risk reduction, climate change action and sustainable development agendas Source: United Nations Office for Disaster Risk Reduction,

Standardization and transparency helps promote investment and bankable projects 6 May 27, 2016 Project A Project C Project D Project B Resiliency projects Infrastructure required for decision-making 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 Benefits from standardization Accuracy Completeness Consistency Relevance Transparency  Increased business opportunities, funding & number of projects that protect & enhance society’s resiliency Organization & professionalization Project B Project C Project D Project A Project H Project E Project G Project F

Our panel 7 May 27, 2016 Fareeha Y. Iqbal Climate Change Adaptation Program Manager Asia Region and SIDS, Global Environment Facility Zach Knight Founder and Partner Blue Forest Conservation Tod Delaney President, First Environment Michael Ferguson Director, US Energy Infrastructure, Standard & Poor’s Nick Shufro Principal Julzach Management