Abstract
Cutter (Nat Hazards 80:741–758, 2016; p. 742) has recently stated “it is the need for making the business case for investments in risk reduction and resilience which is driving the policy agendas articulated in the Sendai Frameworks for Disaster Loss Reduction.(Cutter also suggests that this is driving the interest in resilience indicators.) There is no doubt that the primary motivation of businesses is to maximize profits. On the surface, only those disaster risk management (DRM) actions, which include (pre-disaster) mitigation and (post-disaster) resilience, that are viewed as promoting this objective will be undertaken, though not all of these actions are recognized. But there are several broader benefits of DRM to businesses themselves and to the economy as a whole that are typically neglected, and hence businesses underinvest in DRM both from their own perspective and also from the standpoint of society.
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Notes
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Cutter also suggests that this is driving the interest in resilience indicators.
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Rose, A. (2017). Co-benefits. In: Defining and Measuring Economic Resilience from a Societal, Environmental and Security Perspective. Integrated Disaster Risk Management. Springer, Singapore. https://doi.org/10.1007/978-981-10-1533-5_9
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