Boosting Resiliance through innovative risk governance

The report "Boosting Resiliance through Innovative Risk Governance" was published as part of the OECD reviews of risk management policies. It focuses on the importance of creating an institutional environment that engages all stakeholders and allows them to build resilience against future shocks. The report has contributed to the development of OECD Recommendation on the Governance of Critical Risks.

The ICPDR works in relevant areas concerning flood risk management as well as accident prevention and control. For example, the AEWS (Accident Emergency Warning System) is operated by the ICPDR; until the end of 2015, the first Danube River Basin Flood Risk Management Plan will be developed through the ICPDR.

The OECD report proposes a fundamental shift in risk governance to governments, whereby appropriate incentives are given to risk management actors to contribute to boosting resilience. It highlights the main governance obstacles hampering the effectiveness of risk reduction investments, and presents actions that governments could take to overcome them.

First, governments need to raise awareness of risks to increase stakeholder engagement in policy processes. Inclusiveness is the key to changing the status quo, and the only way to achieve a shared vision of a resilient society.

Second, governments should incentivise individuals and companies to invest in self-protection. In many countries public policies weigh in favour of reliance on government for post-disaster assistance.

Third, governments need to unleash the potential of the private sector to supply risk reduction solutions, and work with it to agree on business continuity standards.

Finally, governments could achieve better value for money by stimulating collective actions among neighbouring communities.

The model of merging allocations for risk prevention and mitigation and prioritising projects that serve a common functional need is especially important to implement across national borders.

The report was prepared by the OECD High Level Risk Forum with the support of the Public Governance and Territorial Development Directorate. The Forum brings together policy makers from governments, practitioners from the private sector and civil society, and experts from think tanks and academia to identify and share good practices and deepen their understanding of risk managem

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