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Disaster risk is becoming systemic with one event overlapping and influencing another in ways that are testing our resilience to the limit,” Mizutori said. The odds are being stacked against us when we fail to act on science and early warnings to invest in prevention, climate change adaptation and disaster risk reduction.”.
According to research conducted by Verdantix , “more than half of organizations have less than $1 million to respond to catastrophic events, and 41% of participants stated that they had no budget at all for catastrophic events” (Navigating Climate Threats and Proactive Mechanisms to Achieve Business Climate Resilience, November 2022).
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