In the face of growing environmental challenges, Singapore has emerged as the top-ranked global city in Asia for overall sustainability, taking the fourth position out of 25 major cities worldwide, according to in The Resilient Cities Index 2023 launched by Tokio Marine Group and Economist Impact.
The study, sponsored by Tokio Marine Group, sheds light on the critical concern of environmental sustainability in major Asian cities.
As rapid urbanization accelerates, more than two-thirds of the world’s population is expected to live in cities by 2050, making the urgency of addressing the growing threats to urban centers more pressing than ever. before.
The research highlights the vulnerability of cities in the Asia-Pacific region to climate change due to geographic factors and exposure to natural disasters.
Cities such as Bangkok, Dhaka, and Jakarta are identified as the most vulnerable to floods, while New Delhi and Jakarta face a higher risk from the heat wave.
The index highlights the need for holistic resilience thinking at the community and municipal level, involving stakeholders from government, business, and community.
Singapore’s success in disaster management was highlighted, with other Asian cities such as Hong Kong, New Delhi, Shanghai, and Tokyo, earning high marks for their culture of preparedness.
However, weaknesses in digital infrastructure and transportation within the critical infrastructure pillar reveal areas that require strategic focus.
Max Hirai, CEO of Tokio Marine Asia, emphasized the need for Asia to take environmental changes seriously to reduce the risks faced by its cities.
He highlighted the increasing frequency and devastating effects of extreme weather events, calling for comprehensive disaster prevention and mitigation activities.
Pavlos Spyropoulos, Regional Managing Director – Asia Pacific, Tokio Marine Kiln, emphasized the importance of public and private sector collaboration to address the growing vulnerability of Asian cities to natural disasters.
Specialist insurers such as Tokio Marine are ready to provide solutions to mitigate complex risks, including supporting the development of digital infrastructure and developing new products for sustainable supply chains. supply.