(Part 3) High-Level Meeting on Disaster Risk Reduction…

• 10:00 – 11:30: Multistakeholder Panel 1 - From Managing Disasters to Managing Risk; Risk Governance fit for the 21st century
• 11:30 – 13:00: Multistakeholder Panel 2 - De-risking investment and reconfiguring the global financial system - moving from risk generation to risk reduction

The world's risk landscape is evolving at an unprecedented speed and scale.  The systemic nature of risk and the shocks that cascade across sectors, systems and geographies, demand a re-examination of approaches to understanding, managing and reducing risk, whether man-made, natural, environmental, climate-related, biological, or technological. 

The High-Level Meeting provides a platform for Member States, the United Nations system partners and other stakeholders to reflect on the findings and recommendations of the Midterm Review of the Sendai Framework and formulate a forward-looking and risk-informed approach to more effectively address systemic risk.  

The meeting will adopt a political declaration to renew commitment and accelerate implementation of the Sendai Framework up to 2030. 

The Multistakeholder Panel 1 will discuss different and emerging approaches to risk reduction and prevention at all levels that seek to contend with 21st century risks before they manifest as shocks and disasters – whether natural, or man-made hazards and related environmental, technological and biological hazards and risks. The panel will offer solutions and good examples of risk governance approaches that meet the transdisciplinary and dynamic nature of the underlying drivers of risk.

The Multistakeholder Panel 2 will examine opportunities to reimagine the fundamental relationship between the economy, the environment, and society. There has been significant momentum towards the systemic reform of the financial system in recent years. Efforts to date have focused on the development of new governing rules, structures, and processes within the financial system; but Member States and the international financial system need to address market short-termism and failures that impact efficient pricing and proper consideration of disaster risks, using fiscal and market-based measures and other incentives.