Global Agenda Council on Risk & Resilience: Resilience Insights

Global Agenda Council on Risk & ResilienceResilience Insights January 2016 Global Agenda Council on Risk & ResilienceChairKirstjen Nielsen, Senior Fellow, Center for Cyber and Homeland Security, George Washington University; President, Sunesis Consulting Vice-ChairSara Pantuliano, Director, Humanitarian Programmes, Overseas Development InstituteCouncil ManagerCaroline Galvan, Practice Lead, Competitiveness and Risks, World Economic ForumForum LeadMargareta Drzeniek Hanouz, Head of Global Competitiveness and Risks, World Economic ForumMembersLauren Alexander Augustine, Director, Office of Special Projects on Risk, Resilience and Extreme Events, The National Academy of SciencesStanley M. Bergman, Chairman of the Board and Chief Executive Officer, Henry Schein Inc.Michael Berkowitz, President, 100 Resilient Cities, The Rockefeller FoundationEdwin Macharia, Partner, Dalberg Global Development AdvisorsVictor Meyer, Global Head, Corporate Security and Business Continuity, Deutsche BankPaul Nicholas, Senior Director, Microsoft CorporationSatoru Nishikawa, Executive Director of Research, JCADRYuichi Ono, Assistant Director and Professor, International Research Institute of Disaster Science (IRIDeS), Tohoku UniversityJoe Ruiz, Director, UPS Humanitarian Relief Program, The UPS FoundationDan Smith, Director, Stockholm International Peace Research InstituteElizabeth Hausler Strand, Founder and Chief Executive Officer, Build ChangeJaan Tallinn, Founder, Centre for the Study of Existential RiskMichael Useem, Professor of Management; Director, Center for Leadership and Change, The Wharton School, University of PennsylvaniaNick Wildgoose, Global Corporate Leader, Supply Chain Product, Zurich Insurance GroupAlexander Wolfson, Managing Director, Global Country Risk Management, CitiThe Global Agenda Council on Risk & Resilience collaborated with the following councils on this Resilience InsightGlobal Agenda Council on CyberCheri McGuire, Vice-President, Global Government Affairs and Cyber Security Policy, Symantec Corporation, USAGlobal Agenda Council on ForestsJuan Carlos Castilla-Rubio, Chairman, Planetary Skin Institute and Space Time VenturesGlobal Agenda Council on the Future of Insurance & Asset Management.Stephen Cross, Chief Innovation Officer, Aon Risk Solutions, AonWorld Economic Forum91-93 route de la CapiteCH-1223 Cologny/GenevaSwitzerlandTel.: +41 (0)22 869 1212Fax: +41 (0)22 786 2744Email: contact@weforum.orgwww.weforum.org World Economic Forum® © 2016 – All rights reserved. No part of this publication may be reproduced orTransmitted in any form or by any means, includingPhotocopying and recording, or by any informationStorage and retrieval system. REF 050116 3Resilience InsightsContents4 Introduction5 Resilience Insights7 Building Resilience to Water Crises7 Background9 Recommendations11 Building Resilience to Large-Scale Involuntary Migration11 Background13 Recommendations14 Building Resilience to Large-Scale Cyberattacks14 Background14 Recommendations18 Conclusion19 Endnotes22 Acknowledgements Resilience Insights4For over a decade, the Global Risks Report series has shed light on the increasing interconnectedness and rapidly evolving nature of global risks. As of its 2015 edition, the Report has put forward actionable solutions to address global risks, the scope of which is beyond the domain of just one actor. As global risks are increasingly felt in tangible ways by institutions, economies and people alike, the Global Risks Report 2016 calls for the “Resilience Imperative” – an urgent necessity to find new avenues and additional opportunities to withstand, mitigate, adapt to and build resilience against global risks and threats through collaboration among stakeholders. To inform the debate on how to strengthen resilience against a variety of global risks, the Global Agenda Council on Risk & Resilience has embarked on a series of resilience-use cases with a joint focus on identifying measures that entities of all types and sizes can take to increase resilience and distilling what each stakeholder can bring to the collaboration table. Starting with support for a Forum-led use case on addressing future epidemics1, published in June 2015, the Council developed “Building Resilience in Nepal through Public-Private Partnerships” in October 2015 and will close the cycle by discussing the need and options for public-private collaboration to strengthen cyber resilience in May 2016. In the following “Resilience Insights”, the Global Agenda Council on Risk & Resilience takes on three of the key findings of the Global Risks Report 2016 by exploring the “how” to build resilience to the “what” discussed in the Report. “Building Resilience to Water Crises” follows up on the Global Risks Report 2016 on “Coping with the Changing Climate”. Today, the world is estimated to be about 1°C warmer, on average, than it was in the 1950s, and adverse effects are starting to be felt across countries, societies,