UN Office for Disaster Reduction and PRI drive disaster risk reduction
The Principles for Responsible Investment is pleased to support the UN Office for Disaster Risk Reduction (UNISDR) led R!SE initiative. R!SE brings together leading names in business, investment, insurance, the public sector, business education and civil society to develop and promote global standards on risk metrics. Additionally, the initiative focuses on voluntary industry standards for disaster risk-sensitive investment following ten years of record-breaking economic losses and disruption.
PRI Policy and Research Director, Helene Winch explained the role the UN-supported Principles for Responsible Investment (PRI) will play in the development of R!SE. “Asset owners, investment managers and organisations around the world have a duty of care to their beneficiaries to effectively manage disaster risk. Managing this risk makes sense to shareholders, investors and communities and will ensure that long-term investor and community interests are protected” said Winch.
The PRI will engage with major institutional investors, such as sovereign wealth and pension funds to consider disaster risk in their investment portfolios. The aim is to have at least 1,000 investment managers committed to disaster risk-sensitive investments by 2020. For more information about the R!SE initiative click here.