resilience starts with information
Why Companies Must Shift from Disaster Relief to Disaster Philanthropy
The onslaught of major natural disasters in the past month is forcing companies to consider how they can and should respond to such overwhelming need. Hurricanes Maria, Irma and Harvey have literally rained down devastation, an earthquake in Mexico has left hundreds dead, and wildfires in California rage out of control.
As climate change continues to warm the planet, extreme weather events are only going to increase. Already, disasters around the world related to climate change have increased 41 percent in 2015 compared with the previous decade’s annual average. Since disasters can greatly impact profitability for companies – directly and indirectly – businesses have a moral as well as a bottom line stake in mitigating the disruptions of disasters and helping communities and economies bounce back quickly. Further, the PR benefits of disaster preparedness and effective response can be immense, as Walmart found in the wake of its rapid and admired efforts when Hurricane Katrina struck.
But the private sector must get better at deploying its resources in ways that…
Lismore flood recovery efforts win NSW Resilience Awards
HARD work, determination, empathy and a can-do attitude has led to the Lismore Chamber of Commerce and Industry and Lismore Helping Hands were recognised by the NSW Government for their outstanding efforts in building disaster resilience,
At a special awards ceremony at Parliament House today, the 2017 NSW Get Ready Community Award and the Resilient Australia Awards showcase important disaster preparedness initiatives that often go unseen. The awards aim to inspire communities to strengthen their capabilities to withstand and recover from natural disasters…
Natural disasters are getting more frequent, but cheaper: Could that scare insurers away from emerging markets?
The insurance sector faces higher payouts as it moves into emerging economies, new analysis has warned, as natural disasters become increasingly frequent.
Analysis of figures from the Centre for Research on the Epidemiology of Disasters (Cred) by PwC found the number of natural disasters rose by an average of three per cent a year between 1970 and 2016. According to the study, last year’s 348 disasters, which included devastating earthquakes in Italy and heavy flooding in Louisiana, cost $150bn.
And although the cost per disaster has been pushed down in recent years by early warning systems and preventative measures, such as laws encouraging wetlands in flood-prone areas which can absorb excess water during heavy rain, the total cost of damages will continue to rise, PwC said…