Building Resilience Commitment

ARISE-Philippines members NEO Property Management Group and SM joined several other organizations and developers in the launch of the Building Resilience Commitment (BRC) last August 16, 2021.

The BRC is a call to action to the country’s real estate industry to invest in improving the resilience of the built environment centered on the use of the Building Resilience Index (BR1), an online self assessment tool developed by the International Finance Corporation (IFC), for mapping hazards and resilience measures.

Currently in its pilot phase, the BRI, aside from driving the resilience of building projects, hopes to trigger a paradigm shift across the investment industry by driving stakeholders to factor in disclosure of risk and resilience information in their financial decisions and investments.

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