The private sector must prioritise long-term resilience over short-term expediency.

 



The private sector must prioritise long-term resilience over short-term expediency. This means complying with zoning laws and building codes, conducting and disclosing disaster and climate risk assessments, investing in resilient design and construction practices, and supporting the development of accessible financial instruments that enable risk mitigation and transfer for households. The private sector should align its practices with the UNDRR Private Sector Alliance for Disaster Resilient Societies (ARISE) guiding principles of resilient socio-economic development, working in public-private partnership, addressing climate and disaster risk coherently, demonstrating the added-value of risk reduction, and operating under good governance aligned with UN values, human rights and dignity for all.
Specifically, private sector actors should:
  • Prioritise long-term disaster resilience over short-term expediency while promoting inclusive and equitable access to safe housing and resilient infrastructure.
  • Comply with zoning laws and building codes to protect lives and assets, including accessibility and inclusive design standards.
  • Disclose known climate and disaster risks to home buyers and renters in accessible and understandable formats.
  • Help governments and households finance risk mitigation and risk transfer, including access to affordable insurance and financial products accessible to underserved populations.
  • Adopt and support resilient construction and inclusive infrastructure standards.
  • Support small businesses, including women-led and community-based enterprises, to develop business continuity and risk reduction plans.

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