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Private Sector Takes Leading Role in Resilience Efforts at APMCDRR 2024

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Private sector leaders gather to discuss strategies for building resilient communities at the Asia-Pacific Ministerial Conference on Disaster Risk Reduction (APMCDRR) 2024.

At the 2024 Asia-Pacific Ministerial Conference on Disaster Risk Reduction (APMCDRR), the spotlight was on the private sector’s pivotal role in enhancing community resilience.

(L-R): Department of National Defense Secretary Gilberto Teodoro Jr., Department of Environment and Natural Resources Secretary Maria Antonia Yulo-Loyzaga, Philippine President Ferdinand Marcos Jr., Australian Ambassador to the Philippines Her Excellency (H.E.) Hae Kyong Yu, and Special Representative of the United Nations Secretary General for Disaster Risk Reduction and Head of the UN Office for Disaster Risk Reduction H.E. Kamal Kishore, during the Asia-Pacific Ministerial Conference on Disaster Risk Reduction (APMCDRR) 2024 Welcome Ceremony.

The event, hosted by the Philippine government and the United Nations Office for Disaster Risk Reduction (UNDRR), gathered representatives from governments, civil society, the private sector, and academia to assess progress in implementing the Sendai Framework for Disaster Risk Reduction 2015-2030.

(L-R): Co-Chair of the ARISE Philippines network Liza Silerio, UN ARISE Global Board Member Retired Vice Admiral Alexander Pama, Department of Education Undersecretary Peter Corvera, and SM Prime Holdings (SM Prime) Chairman of the Executive Committee Hans Sy

A key moment in the conference was Hans Sy, Chairman of the Executive Committee of SM Prime Holdings, emphasizing the private sector’s responsibility in integrating disaster risk reduction (DRR) into business strategies. Sy called for collaboration through public-private partnerships and urged businesses to invest in vulnerable communities to build a more resilient and sustainable future.

SM Prime Chairman of the Executive Committee Hans Sy emphasizes the importance of private sector collaboration with governments in disaster risk reduction, urging businesses to invest in resilience and vulnerable communities.

SM Prime Holdings, one of Southeast Asia’s leading property developers, showcased its commitment to DRR through projects like the “Adopt-a-City” initiative and disaster-resilient infrastructure.

SM Prime Chairman of the Executive Committee Hans Sy and Department of National Defense Secretary Gilberto Teodoro Jr. strengthen ties at the Private Sector Partners Reception.

These efforts include malls with advanced flood mitigation systems and earthquake-resistant designs, demonstrating how private enterprises can lead in disaster preparedness. During the conference, the SM Resilience Center hosted a simulation exercise, demonstrating coordinated responses between businesses and local governments in times of crisis.

(L-R): Department of Environment and Natural Resources Secretary Maria Antonia Yulo-Loyzaga, SM Prime Chairman of the Executive Committee Hans Sy, and Department of Interior and Local Government Secretary Jonvic Remulla discuss resilience during the Plenary on Localization and Urban and Rural Resilience.

The APMCDRR 2024 highlighted the critical intersection of resilience and sustainable development, with participants reaffirming the need for collective action between governments, businesses, and communities. As climate risks continue to rise, the private sector’s engagement in resilience strategies remains essential in safeguarding the future of the Asia-Pacific region.

Written by Village Connect

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