Page 120 - U4SSC Collection Methodology for Key Performance Indicators for Smart Sustainable Cities
P. 120

Collection Methodology for Key Performance Indicators for Smart Sustainable Cities



             Dimension          Society and Culture
             Sub-Dimension      Safety, Housing and Social Inclusion
             Category           Safety
             KPI Name           Disaster Related Economic Losses
             KPI No.            SC: SH: SA: 2C    Type:          Core           Type:          Sustainable

             Definition /       Natural disaster related economic losses as a percentage of the city’s GDP.
             Description

             Rationale /        City shall report on the “total economic impact that consists of direct economic loss
             Interpretation /   and indirect economic loss.
             Benchmarking       Direct economic loss is the monetary value of total or partial destruction of physical
                                assets existing in the affected area. Direct economic loss is nearly equivalent to
                                physical damage.
                                Indirect economic loss: a decline in economic value added as a consequence of direct
                                economic loss and/or human and environmental impacts.
                                Annotations: Examples of physical assets that are the basis for calculating direct
                                economic loss include homes, schools, hospitals, commercial and governmental
                                buildings, transport, energy, telecommunications infrastructures and other
                                infrastructure; business assets and industrial plants; and production such as crops,
                                livestock and production infrastructure. They may also encompass environmental
                                assets and cultural heritage.
                                Direct economic losses usually happen during the event or within the first few hours
                                after the event and are often assessed soon after the event to estimate recovery
                                cost and claim insurance payments. These are tangible and relatively easy to
                                measure.
                                Indirect economic loss includes microeconomic impacts (e.g., revenue declines
                                owing to business interruption), mesoeconomic impacts (e.g., revenue declines
                                owing to impacts on natural assets, interruptions to supply chains or temporary
                                unemployment) and macroeconomic impacts (e.g., price increases, increases in
                                government debt, negative impact on stock market prices and decline in GDP).
                                Indirect losses can occur inside or outside of the hazard area and often have a time
                                lag. As a result, they may be intangible or difficult to measure.” (UNISDR)
                                A declining trend and lower values are considered positive.
             Source(s)          Terminology. Retrieved from <https://www.unisdr.org/we/inform/terminology>
             Methodology        Calculate as:
                                Numerator: Total economic losses (last annual reporting period) related to disasters.
                                Denominator: GDP of the city.
                                Multiply by 100
             Unit               Percentage
             Data Sources /     Data can be obtained through governmental economics statistics and insurance
             Relevant           statistics.
             Databases
             SDG Reference(s)  SDG indicator 1.5.2: Direct disaster economic loss in relation to global gross domestic
                                product (GDP).











                                                           112
   115   116   117   118   119   120   121   122   123   124   125