In most economies, private sector has been the driving force behind socio-economic development where private sectors are primary source of employment, goods and services. During disasters, both public and private sector end up facing the consequences. However, recent disasters have focused the world’s attention on the growing impact of disaster events on private sector. Disruptions by disasters to private sector, not only involves the direct business losses but also include indirect losses that produce ripple effects on national, regional and local levels causing loss of jobs and impacting incomes; thereby posing greater challenges for households and communities to recover from disasters. This well-establishes the fact that private sector have an important role to play in preventing disasters, mitigating their impacts and safeguarding national & local economies, communities and their businesses.
There is clear mutual interest for governments and private sector to work together for disaster risk reduction. Private sectors rely on resilience of public infrastructures and services to conduct their businesses whereas government and communities depend on resilient business practices for stable and sustainable economy and environment. The Sendai framework for disaster risk reduction 2015-2030 have also highlighted the importance of role of private sectors in making businesses and communities more resilient towards disaster risks. This can be well reflected from the fact that he framework consist of over 30 private sector-specific recommendations across all form of actions-including four priorities and guiding principles (at local and global level).
In past private sectors reactions to disasters primarily remained response-oriented (generous donations) providing vital expertise, skills and response during disaster response and recovery; limiting their engagement in disaster risk reduction activities.
With the paradigm shift in disaster management approach from relief centric to proactive approach (based on disaster mitigation and preparedness), efforts have been made to more clearly reflect on the role and responsibilities of private sectors in disaster risk reduction alongside the conventional actors (government, development agencies, NGOs). As a result of which, a clear shift in activities of private sectors has been witnessed where over years private sectors have shown their involvement in risk transfer and Cooperate Social Responsibility for reducing vulnerability of communities , better risk assessment as well as overall reduction of the potential impact of disaster on their businesses. There are different roles played by private sectors in response, recovery and preparedness phases that vary from corporate social responsibility activities and creating a corporate community interface to ensuring innovative technical solutions in business operations. Disaster risk reduction also adds value to private sector by ensuring business continuity and providing stable environment, protecting employees and long-term investments.
Business continuity management (BCM) is one of the key strategies responses in private sector during disasters. BCM is based on a framework wherein potential internal and external business vulnerabilities and risks are identified and addressed to increase resilience of business operations during any disasters. BCM include disaster recovery, business recovery, incident management, contingency planning, crisis and emergency management. One of most effective way of achieving business continuity is through adoption of sustainable business models which go beyond delivering economic benefits and give consideration to other form of benefits (social and environmental) for a broader range of stakeholder. Session looks forward for deliberation from various stakeholders on various aspect of role of private sector in mainstreaming disaster risk reduction across following broad areas:
Exploring linkages between the private sector and disaster resilience and deliberate on the opportunities for public–private partnerships to better engage the private sector in DRR through risk assessments & early warning systems, risk sensitive investments, resilient business strategies and preparedness for disaster response
FICCI, CII, ASSOCHAM, PHDCCI, Ministry of Corporate Affairs, Industry & Commerce, MoEFCC, industrial and business houses, industries associations, management institutions and professional agencies, experts and practitioners, institutions like IIMs, IITs, IEG, BIRD/NABARD, Private sectors like ICICI Lombart, Bajaj Allianz, Manufacturer of safety and industrial/process equipment, etc.
Site developed & maintained by NPDRR Secretariat, NATIONAL INSTITUTE OF DISASTER MANAGEMENT