AR!SE Colombia: First National Chapter of the Private Sector Alliance for Risk-Sensitive Investment in the world

By: UNDRR – The Americas.

BOGOTA, Colombia, 14 September 2015 - With the objective of consolidating a resilient country against disaster risk through strategic linkages among the public and private sectors, the Colombia National Chapter of the Private Sector Alliance for Risk Sensitive Investment (AR!SE) was launched.

Additionally, the United Nations Office for Disaster Risk Reduction (UNDRR) created the Private Sector Alliance for Risk Sensitive Investment (AR!SE) to help achieve the objectives of the Sendai Framework for Disaster Risk Reduction 2015-2030, through the participation of a growing number of actors in the private sector;

"We celebrate the formation of the first National Chapter of AR!SE globally; as a model of a good practice of implementation that we will promote and continue to spread in the region,” said Raul Salazar, UNDRR Regional Officer – The Americas, adding that “the importance of this unprecedented initiative lies in the institutionalization of AR!SE, thanks to a group of visionary companies and organizations based in Colombia.”

AR!SE includes the implementation of initiatives and projects by the private sector, considered critical to the successful implementation of the Sendai Framework; and facilitates the exchange of experience and knowledge to implement disaster risk reduction projects, through seven strategic lines of action: disaster risk management, investment metrics, benchmarking and standards, education and training, legal and regulatory, urban risk reduction and resilience, and insurance.

AR!SE Colombia will be managed by a Board of Directors composed by the National Association of Colombia (ANDI), the Colombian Safety Council (CCS) Responsible Care® Colombia and the National Unit for Disaster Risk Management (UNGDR); and will have be supported by regional bodies such as the Office of Foreign Disaster Assistance Abroad - United States Agency for International Development (USAID / OFDA) and UNDRR.

The AR!SE Initiative joins companies such as PWC, AECOM and Willis Re, in their efforts to advance contributions of the private sector for disaster risk reduction in Colombia.

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