IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v7y2015i7p9048-9066d52475.html
   My bibliography  Save this article

Can Resilience Thinking Inform Resilience Investments? Learning from Resilience Principles for Disaster Risk Reduction

Author

Listed:
  • Margot Hill Clarvis

    (Institute of Environmental Sciences, University of Geneva, 66 boulevard Carl Vogt, 1205 Geneva, Switzerland)

  • Erin Bohensky

    (Commonwealth Scientific and Industrial Research Organisation (CSIRO), Land and Water Flagship, Australian Tropical Science and Innovation Precinct, Private Mail Bag, Aitkenvale QLD 4814, Australia)

  • Masaru Yarime

    (Graduate School of Public Policy, University of Tokyo, Hongo 7-3-1, Bunkyo-ku, Tokyo 113-0033, Japan
    Department of Science, Technology, Engineering and Public Policy (STEaPP), University College London, Boston House, 36-38 Fitzroy Square, London W1T 6EY, UK)

Abstract

As the human and financial costs of natural disasters rise and state finances continue to deplete, increasing attention is being placed on the role of the private sector to support disaster and climate resilience. However, not only is there a recognised lack of private finance to fill this gap, but international institutional and financing bodies tend to prioritise specific reactive response over preparedness and general resilience building. This paper utilises the central tenets of resilience thinking that have emerged from scholarship on social-ecological system resilience as a lens through which to assess investing in disaster risk reduction (DRR) for resilience. It draws on an established framework of resilience principles and examples of resilience investments to explore how resilience principles can actually inform decisions around DRR and resilience investing. It proposes some key lessons for diversifying sources of finance in order to, in turn, enhance “financial resilience”. In doing so, it suggests a series of questions to align investments with resilience building, and to better balance the achievement of the resilience principles with financial requirements such as financial diversification and replicability. It argues for a critical look to be taken at how resilience principles, which focus on longer-term systems perspectives, could complement the focus in DRR on critical and immediate stresses.

Suggested Citation

  • Margot Hill Clarvis & Erin Bohensky & Masaru Yarime, 2015. "Can Resilience Thinking Inform Resilience Investments? Learning from Resilience Principles for Disaster Risk Reduction," Sustainability, MDPI, vol. 7(7), pages 1-19, July.
    • Handle: RePEc:gam:jsusta:v:7:y:2015:i:7:p:9048-9066:d:52475
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/7/7/9048/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/7/7/9048/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Seung-Ki Min & Xuebin Zhang & Francis W. Zwiers & Gabriele C. Hegerl, 2011. "Human contribution to more-intense precipitation extremes," Nature, Nature, vol. 470(7334), pages 378-381, February.
    2. repec:wbk:wboper:16761 is not listed on IDEAS
    3. Stephen R. Carpenter & Kenneth J. Arrow & Scott Barrett & Reinette Biggs & William A. Brock & Anne-Sophie Crépin & Gustav Engström & Carl Folke & Terry P. Hughes & Nils Kautsky & Chuan-Zhong Li & Geof, 2012. "General Resilience to Cope with Extreme Events," Sustainability, MDPI, vol. 4(12), pages 1-12, November.
    4. Gail Whiteman & Brian Walker & Paolo Perego, 2013. "Planetary Boundaries: Ecological Foundations for Corporate Sustainability," Journal of Management Studies, Wiley Blackwell, vol. 50(2), pages 307-336, March.
    5. World Bank, 2013. "Building Resilience : Integrating Climate and Disaster Risk into Development [Crear resiliencia mediante la integración de los riesgos climáticos y de desastre en el proceso de desarrollo - Resumen," World Bank Publications - Reports 16639, The World Bank Group.
    6. Dim Coumou & Stefan Rahmstorf, 2012. "A decade of weather extremes," Nature Climate Change, Nature, vol. 2(7), pages 491-496, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lorenzo Bruno Prataviera & Alessandro Creazza & Marco Melacini & Fabrizio Dallari, 2022. "Heading for Tomorrow: Resilience Strategies for Post-COVID-19 Grocery Supply Chains," Sustainability, MDPI, vol. 14(4), pages 1-17, February.
    2. Fikret Berkes & Huei-Min Tsai & Mucahid Mustafa Bayrak & Yih-Ren Lin, 2021. "Indigenous Resilience to Disasters in Taiwan and Beyond," Sustainability, MDPI, vol. 13(5), pages 1-17, February.
    3. Yekang Ko & Brendan F. D. Barrett & Andrea E. Copping & Ayyoob Sharifi & Masaru Yarime & Xin Wang, 2019. "Energy Transitions Towards Low Carbon Resilience: Evaluation of Disaster-Triggered Local and Regional Cases," Sustainability, MDPI, vol. 11(23), pages 1-23, November.
    4. Yi-Chang Chiang & Tzen-Ying Ling, 2017. "Exploring Flood Resilience Thinking in the Retail Sector under Climate Change: A Case Study of an Estuarine Region of Taipei City," Sustainability, MDPI, vol. 9(9), pages 1-21, September.
    5. Marta de la Cuesta-González & Cristina Ruza & José M. Rodríguez-Fernández, 2020. "Rethinking the Income Inequality and Financial Development Nexus. A Study of Nine OECD Countries," Sustainability, MDPI, vol. 12(13), pages 1-18, July.
    6. Bas Louman & Erica Di Girolami & Seth Shames & Luis Gomes Primo & Vincent Gitz & Sara J. Scherr & Alexandre Meybeck & Michael Brady, 2022. "Access to Landscape Finance for Small-Scale Producers and Local Communities: A Literature Review," Land, MDPI, vol. 11(9), pages 1-26, August.
    7. Lisa L. Greenwood & Vicki Lin & Yewande S. Abraham & Jennifer L. Schneider, 2023. "Partnering for Climate Resilience: Exploring the Maturity of Private-Sector Efforts in the Great Lakes Region," Sustainability, MDPI, vol. 15(19), pages 1-16, September.
    8. Maksims Feofilovs & Andrea Jonathan Pagano & Emanuele Vannucci & Marina Spiotta & Francesco Romagnoli, 2024. "Climate Change-Related Disaster Risk Mitigation through Innovative Insurance Mechanism: A System Dynamics Model Application for a Case Study in Latvia," Risks, MDPI, vol. 12(3), pages 1-23, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kaustubh Salvi & Subimal Ghosh, 2016. "Projections of Extreme Dry and Wet Spells in the 21st Century India Using Stationary and Non-stationary Standardized Precipitation Indices," Climatic Change, Springer, vol. 139(3), pages 667-681, December.
    2. Jascha Lehmann & Dim Coumou & Katja Frieler, 2015. "Increased record-breaking precipitation events under global warming," Climatic Change, Springer, vol. 132(4), pages 501-515, October.
    3. Neha Mittal & Ashok Mishra & Rajendra Singh & Pankaj Kumar, 2014. "Assessing future changes in seasonal climatic extremes in the Ganges river basin using an ensemble of regional climate models," Climatic Change, Springer, vol. 123(2), pages 273-286, March.
    4. Heather McMillen & Lindsay K. Campbell & Erika S. Svendsen & Renae Reynolds, 2016. "Recognizing Stewardship Practices as Indicators of Social Resilience: In Living Memorials and in a Community Garden," Sustainability, MDPI, vol. 8(8), pages 1-26, August.
    5. Davor Kvočka & Roger A. Falconer & Michaela Bray, 2016. "Flood hazard assessment for extreme flood events," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 84(3), pages 1569-1599, December.
    6. Natalie Slawinski & Jonatan Pinkse & Timo Busch & Subhabrata Bobby Banerjeed, 2014. "The role of short-termism and uncertainty in organizational inaction on climate change: multilevel framework," Working Papers hal-00961226, HAL.
    7. Merriam Haffar & Cory Searcy, 2018. "Target‐setting for ecological resilience: Are companies setting environmental sustainability targets in line with planetary thresholds?," Business Strategy and the Environment, Wiley Blackwell, vol. 27(7), pages 1079-1092, November.
    8. Ikefuji, Masako & Horii, Ryo, 2012. "Natural disasters in a two-sector model of endogenous growth," Journal of Public Economics, Elsevier, vol. 96(9-10), pages 784-796.
    9. Rei Itsukushima & Yohei Ogahara & Yuki Iwanaga & Tatsuro Sato, 2018. "Investigating the Influence of Various Stormwater Runoff Control Facilities on Runoff Control Efficiency in a Small Catchment Area," Sustainability, MDPI, vol. 10(2), pages 1-12, February.
    10. Erik G. Hansen & Stefan Schaltegger, 2018. "Sustainability Balanced Scorecards and their Architectures: Irrelevant or Misunderstood?," Journal of Business Ethics, Springer, vol. 150(4), pages 937-952, July.
    11. Yaolong Liu & Guorui Feng & Ye Xue & Huaming Zhang & Ruoguang Wang, 2015. "Small-scale natural disaster risk scenario analysis: a case study from the town of Shuitou, Pingyang County, Wenzhou, China," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 75(3), pages 2167-2183, February.
    12. Islam, Moinul & Kotani, Koji & Managi, Shunsuke, 2016. "Climate perception and flood mitigation cooperation: A Bangladesh case study," Economic Analysis and Policy, Elsevier, vol. 49(C), pages 117-133.
    13. Simone Carmine & Valentina De Marchi, 2023. "Reviewing Paradox Theory in Corporate Sustainability Toward a Systems Perspective," Journal of Business Ethics, Springer, vol. 184(1), pages 139-158, April.
    14. Barton, Madeleine G. & Terblanche, John S. & Sinclair, Brent J., 2019. "Incorporating temperature and precipitation extremes into process-based models of African lepidoptera changes the predicted distribution under climate change," Ecological Modelling, Elsevier, vol. 394(C), pages 53-65.
    15. Claudio, Morana & Giacomo, Sbrana, 2017. "Temperature anomalies, radiative forcing and ENSO," Working Papers 361, University of Milano-Bicocca, Department of Economics, revised 10 Feb 2017.
    16. Roland Clift & Sarah Sim & Henry King & Jonathan L. Chenoweth & Ian Christie & Julie Clavreul & Carina Mueller & Leo Posthuma & Anne-Marie Boulay & Rebecca Chaplin-Kramer & Julia Chatterton & Fabrice , 2017. "The Challenges of Applying Planetary Boundaries as a Basis for Strategic Decision-Making in Companies with Global Supply Chains," Sustainability, MDPI, vol. 9(2), pages 1-23, February.
    17. Tina C. Ambos & Katherine Tatarinov, 2022. "Building Responsible Innovation in International Organizations through Intrapreneurship," Journal of Management Studies, Wiley Blackwell, vol. 59(1), pages 92-125, January.
    18. Rafia Afrin & Ni Peng & Frances Bowen, 2022. "The Wealth Effect of Corporate Water Actions: How Past Corporate Responsibility and Irresponsibility Influence Stock Market Reactions," Journal of Business Ethics, Springer, vol. 180(1), pages 105-124, September.
    19. Malik, Ihtisham A. & Chowdhury, Hasibul & Alam, Md Samsul, 2023. "Equity market response to natural disasters: Does firm's corporate social responsibility make difference?," Global Finance Journal, Elsevier, vol. 55(C).
    20. Beirne, John & Dafermos, Yannis & Kriwoluzky, Alexander & Renzhi, Nuobu & Volz, Ulrich & Wittich, Jana, 2022. "Natural Disasters and Inflation in the Euro Area," VfS Annual Conference 2022 (Basel): Big Data in Economics 264132, Verein für Socialpolitik / German Economic Association.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:7:y:2015:i:7:p:9048-9066:d:52475. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.