Download Techpaper - Ensuring we remain open for business - understanding vulnerabilities and prioritising investment

 

As asset managers and organisations, we must prepare for events that exceed the limits of the design levels of local infrastructure. Planning for the consequences needs to be at the forefront of building resilience. It is likely that, without significant investment, the impacts of a changing climate will increase the flood risk to our infrastructure and interdependent infrastructure networks. The resultant disruption requires a significant focus now so that we can adapt and become more resilient to future flooding.

Were only as strong as the weakest link in the chain and that’s why we need to adopt a systems-based approach to reduce and avoid the potential impacts of all types of flooding and erosion on our infrastructure and it's potential to perform its core functions.

This paper will focus on the critical need to understand risk and to deliver continuity and recovery plans for our infrastructure considering the current and future flooding and erosion risk. We offer recommendations on how asset managers can and should invest in understanding the interdependencies of this assets and the weakest link, and why we need to undertake systems level assessments to reduce the impact of the failure and shorten the recovery time, whilst saving costs along the way.

We highlight the imperative to develop 'continuity or recovery plans', using examples from the oil and gas, telecommunications, health, and education sectors to identify the benefits of these investments.

This paper: 

    • Promotes the support of asset managers in delivering a systems-based approach to risk management from natural hazard events.
    • Recognises that our most frequent natural hazard risk of flooding can affect all parts of Aotearoa.
    • Allows you to better understand your asset vulnerabilities to other systems and avoid promoting cascading failures across other linked asset classes.
    • Outlines the need for asset managers to understand the risks in the context of ‘Duty of Care’ and provides a continuity/recovery plan to ‘bounce-back’ rapidly after an event.
    • Strengthens the evidence for a consistent National Risk Assessment and offers the best approach to understand the susceptibility of various infrastructure and networks to flooding and future climate uncertainties.

 

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