Disaster risk reduction
a
Why it matters
By making natural disasters such as cyclones, hurricanes and drought more frequent and severe, climate risk threatens the health, lives and livelihoods of millions worldwide. According to the Sigma report of 2024, natural catastrophes resulted in economic losses of USD 280 billion. Of these USD 108 billion (40%) were covered by insurance, above the previous 10-year average of USD 89 billion. Low-income people and countries tend to be the most vulnerable to climate risk as well as the least well equipped to manage its consequences.
Definition
Disaster risk reduction (DRR) is a systematic approach to identifying, assessing and reducing the risks of disaster. It aims to reduce socioeconomic vulnerabilities to disaster as well as to deal with the environmental hazards that trigger them.
a
Project Areas:
Targeting low-income communities that are particularly vulnerable to disasters, projects in our DRR portfolio encompasses:
- Efforts to build a case for anticipatory action and risk transfer solutions to decision-makers and affected communities. We will run at least three solid demonstrations of such risk knowledge-driven approaches by 2027, collecting evidence of impact.
- Creation of actionable learnings and proof points for risk knowledge-driven approaches, including anticipatory action and NGO-led basis setting for risk transfer solutions.
abc
Targets
We support projects that aim to generate impact on these dimensions:
- Number of people reached
- Number of people with improved resilience
- Number of organisations and/or countries improving resilience (eg through deployment of risk knowledge and tools)
- Financial assets mobilised
- Environmental impact (such as km2 of land protected by DRR measures)
