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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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