Climate change has been named the greatest challenge of our generation. With it come more frequent and severe occurrences of natural hazards, from damaging floods to drought, tropical storms, cyclones, earthquakes, forest fires, and more. Such conditions contribute to poverty, food insecurity, and displacement of populations.

According to the Global Report on Internal Displacement 2019, in 2018 alone, more than 17.2 million people fled disasters in 125 countries and territories. This means that disasters displace three to ten times more people than conflict and war worldwide.

Climate change mitigation requires a whole of society approach. To enable collective action and engage the national and local private sector, CBi is developing a workstream dedicated to climate change.

For women who already face gender inequalities within their society, evidence is increasing that climate change has the potential to reinforce and exacerbate disparities. Likewise, the impact of climate change disproportionately affects women and girls due to existing gender inequalities and also threatens to undermine socio-economic gains made over previous decades. We discuss this further in the gender report[SR1]  and will continue to explore this particular nexus at the intersection of the two workstreams.

CBi aims to develop a strategy and support for private sector network engagement to ensure that its multi-dimensional, and multi-hazard, or all hazard approach to disaster risk management takes appropriately into account the aspects of climate risk management—focusing on climate risk management measures, and early warning and actions.

With our Member Networks, we will look at entry-points and possible actions for private sector networks in climate risk management—focusing on addressing specific underlying vulnerabilities of private sector actors to climate-related disasters.

Our objectives are to facilitate the development of global and regional partnerships, connect with relevant actors and advocate for private sector networks’ role in addressing the risk of disasters as a result of climate sensitive hazards relevant private sector meetings and forums.

For more information about CBi’s Climate Change workstream, or to explore a potential collaboration, please reach out to connectingbusiness@un.org or connect with us on Twitter, LinkedIn, or Facebook.