Opportunities for delivering risk-informed investment: Addressing the barriers
Technical report
08/11/2023
Description
The report focuses on supporting risk-informed decision making, primarily in the financial services sector, and on those who regulate and set policy in this sector. It documents the progress that has been made and the obstacles that need to be overcome to make risk-informed decisions. The report recommends eight actions to improve the integration of disaster risk reduction into investment decision making. These actions include improving access to disaster risk data, demonstrating the costs of disasters and the value of resilience measures, providing information and guidance on how to include disaster risk reduction considerations in financial decision making and monitoring, and strengthening disaster risk monitoring through reporting frameworks, organizations, and standards, among other measures. The main idea is to highlight the importance of integrating disaster risk reduction into the financial sector to achieve financial stability in the climate transition to sustainable development.