Building our nation’s disaster ... - Urban Land...

Building our nation’s disaster resilience

with the Australian Business Roundtable

Nina James

GM Sustainability

Investa Property Group

Two previous reports- 2013-14

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Two new reports- 2016

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Understanding the total social cost

• Tangible Costs

• Intangible Costs

• Quantifying the intangible

• Impacts of natural disasters can

persist over a person’s lifetime.

Findings

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Social impacts impose intangible costs, often

larger than tangible

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Funding should include resilience and mitigation

measures for social and psychological impacts

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Strong social capital

and community

connectedness

contributes to

Post-disaster

recovery

Our recommendations

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Pre- and post- disaster funding should better

reflect long-term social impacts

A collaborative approach

Further investment in community resilience

programs

Further research into social impacts

Building resilient

infrastructure

Embedding resilient infrastructure investment

What’s the problem?

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1.1tr$

will be spent on new infrastructure

between now and 2050

But guidelines for infrastructure

decision-making generally

overlook resilience

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Five principles for resilience in infrastructure

planning

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Our recommendations

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Adopt the principles for resilience in

infrastructure planning

Change funding arrangements and incentives to

ensure disaster resilience is considered

Invest in resilience education to strengthen

technical capacity

Our legacy

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Habit of a collaborative approach

Free exchange of data for common purpose

Evidentiary based recommendations

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