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Disaster risk reduction (DRR) is defined by United Nations Office for Disaster Risk Reduction (UNDRR) as those actions which aim to "prevent new and reducing existing disaster risk and managing residual risk, all of which contribute to strengthening resilience and therefore to the achievement of sustainable development". [2]: 16
Along the way, the term probable maximum loss (or PML) came into use, but had many different definitions based on the risk tolerance of various lenders and owners. Other entities, recognizing the need to limit seismic risk while remaining competitive also adopted “PML” policies which were less defined.
The Global Assessment Report on Disaster Risk Reduction (GAR) is the United Nation’s biennial global review and analysis of the natural hazards that are affecting humanity. The GAR monitors risk patterns and trends and progress in disaster risk reduction while providing strategic policy guidance to countries and the international community.
Survey Reveals More than Half of Real Estate Companies Lack Business Continuity and Disaster Recovery Plans HARTFORD, Conn.--(BUSINESS WIRE)-- At a time when extreme weather events are frequently ...
The framework was adopted by UN member states as one of four priorities in the Sendai Framework for disaster recovery, risk reduction and sustainable development. The UN General Assembly adopted this document on June 3, 2015. [36] The United Nations Office for Disaster Risk Reduction has issued a volume of its Words into Action guidelines for ...
Disaster risk reduction (DRR) is action taken to "[reduce] existing disaster risk and [manage] residual risk." [7] DRR plans aim to decrease the amount of disaster response necessary by planning ahead and making communities resilient to any potential hazardous events that might occur. [7]
The Sendai Framework for Disaster Risk Reduction (2015–2030) is an international document that was adopted by the United Nations (UN) member states between 14 and 18 March 2015 at the World Conference on Disaster Risk Reduction held in Sendai, Japan, and endorsed by the UN General Assembly in June 2015.
[48] [49] The Sendai Framework for Disaster Risk Reduction is a 2015 international accord that has set goals and targets for disaster risk reduction in response to natural disasters. [50] There are regular International Disaster and Risk Conferences in Davos to deal with integral risk management.