cover image: Focus on prevention Increasing SME uptake of disaster risk reduction recommendations for policymakers, financiers and the broader business community_

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Focus on prevention Increasing SME uptake of disaster risk reduction recommendations for policymakers, financiers and the broader business community_

25 Nov 2021

UN Office for Disaster Risk Reduction FOCUS ON PREVENTION Increasing SME Uptake of Disaster Risk Reduction: Recommendations for Policymakers, Financiers and the Broader Business Community Acknowledgements Disclaimer This analysis report was developed by the United Nations The designations employed and Office for Disaster Risk Reduction (UNDRR) with the techni- the presentation of the material in c. [...] However, in many cases, SME lack access to finance for investment in DRR (Section 2.1), tend to have less digitalized and diversified, thus less resilient, business models (Section 2.2), are disincentivised to take up DRR by weak and inefficient contracts (Section 2.3) and lack the awareness of BCP’s benefits, as well as the capacity and the incentives to create a BCP (Section 2.4). [...] Business continuity cessible prevention-focused business continuity planning encourages companies to systemati- planning guidance (partially resulting from lack cally analyse risk and hazards to their businesses of SME capacity), lack of awareness of a BCP’s and to identify strategic actions to “protect benefits, lack of incentives to undertake business against, reduce the likelihood of occurrence. [...] An example of this is the Joint Contracts Tribunal Example: (JCT), construction contracts with extreme In the UK, JCT extreme weather clauses weather clauses introduced in the UK in 2011, in construction contract helped shift the which shifted the risk of adverse weather away risk of adverse weather events away from from individual contractors onto the employer the contractor and onto the employer. [...] barriers that prevent uptake of BCP by SMEs: low The updated guidance also recognises accessibility, low levels of awareness of disaster the unnecessary cost and complexity of risks and benefits of BCP, and weak incentives.16 implementing the standard for SMEs.
Pages
75
Published in
Switzerland